Monero pair touched the preliminary resistance level around $55 mentioned in the previous article on 15thMarch'2019 and dropped 8%+ recently. Cryptographic experts acknowledge one of the best privacy coins 2019. The privacy coins future is one of the strongest, with fungibility.
Let's look at the Daily (D) time frame chart of the pair:
XMR/USD has been ranging between $48-$56 and touched preliminary resistance level twice. There is a fair chance that it will break through the preliminary resistance and reach next resistance levels.
Caution: If the last line of support $38-$39 is broken down then one should not hold the coin as it would be strongly bearish (sell signal) for the asset.
Pair, after trading near preliminary resistance level defined in the previous article, broke above it and moved 7%+ against USD pair.
Let’s look at the Daily (D) time frame chart of the pair:
Caution: If the last line of support $58-$56 is broken down then one should not hold the coin as it would be strongly bearish (sell signal) for the asset.
Pair has touched the preliminary resistance area mentioned in the previous article but couldn't manage to close above it with dropping 14%+ against USD.
Let’s look at the Daily (D) time frame chart of the pair:
Caution: If the last line of support $45 is broken down then one should not hold the coin as it would be strongly bearish (sell signal) for the asset.
If we do privacy coins comparison then all three pairs are trending up and down with a similar structure.
Note: The above references are for information and educational purposes only. It is not intended to be a piece of investment advice.
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