View full page at cryptocraft.com

 

Monero (XMR) Long-Term Price Prediction - Downward Momentum

From oracletimes.com

Monero (XMR) long-term outlook continues in a range-bound market, and $51.40 in the supply area has been this week’s high, while the $46.10 in the demand area was the low of the week. The crypto continues in the range. According to Cryptoexchangeguide “The formation of an inverted gravestone doji on February was a good signal that the bears are back in control. The large bearish engulfing candle on 14th February was consequent of the bears’ pressure.” They note that the price is below the two EMAs and the stochastic oscillator signal points down at 62%. This is an indication of downward momentum within the range. The ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis