Monero Price Prediction: XMR Forecast Analysis

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Monero (XMR) Price Predictions: Expert Market Data Forecasts and XMR/USD Value Charts

Contents

Monero (XMR) Daily Price Forecast: April 15, 2019

  • XMR/USD trade has been somewhat featuring its price movements within a range.
  • In the short-term run of the XMR/USD market, the bulls may be finding support around both the Bollinger Lower Band and the 50-day SMA indicator.

XMR/USD Medium-term Trend: Ranging

  • Resistance levels: $70, $72, $74
  • Support levels: $62, $60, $58

There has been a kind of range extension and contraction in the XMR/USD market valuation under the sell trend-line of the 50-day SMA indicator. On April 12, the crypto-market during its range movements strived harder to touch a mark at $68. Shortly, the pair began to get drop slowly towards a low point at $64.

And, now, the market has a bit made a short correction from that price point to hover around $66 price mark. The Bollinger Upper Band and the 50-day SMA are now joined together at the $68 mark. The Stochastic Oscillators have crossed hairs within ranges 80 and 60. That suggests the possibility of having a continued range price movements around the current range spots.

Indicators have clearly had it that the $68 and $64 marks are now the well-defined market’s range points. Therefore, traders should be wary of the two points while placing their order.

XMR/USD Short-term Trend: Ranging

Today’s trading sessions have been featuring a series of significant short ups and downs around $67 and $66 marks of the XMR/USD market. Presently, the market has been fluctuating around the $66 lower range mark near the Bollinger Middle Band.

During the trading yesterday, the crypto managed to trade a bit over the $67 current upper range spot. The 50-day SMA and the Bollinger lower Band are a bit found over $65 mark. The Stochastic Oscillators are slightly dipped into the oversold zone to point south in it.

The conjoint of the Bollinger lower Band and the 50-day SMA may be serving as underlying indicators that the bulls would use to stage a decent come-back in the market.

Author: Azeez M


Monero (XMR) Long-Term Price Forecast: April 13, 2019

  • The long-term outlook is in the uptrend.
  • The exhaustion at the lower line of the range may be considered a good buy entry.

XMR/USD Long-term Trend: Bullish

Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00

XMR is in a bullish trend in its long-term outlook. After a push to $73.00 in the supply area on 8th April, the bullish momentum was lost with the formation of a double top, an indication of bears returned.

The cryptocurrency dropped initially to $68.03 and later to $62.50 in the demand area on 10th April. This bears activities is a correction to the bullish impulsive movement and also to confirm the uptrend continuation.

The correction may see price dropped one more time to $63.00 area to give a triple bottom formation before the resumption of the bulls.

Price is above the 50-EMA while the stochastic oscillator signal points down at 64% an indication of downward momentum before the bulls stage a returned and the cryptocurrency is pushed back up.

Initial target is $73.00 and later to $84.00 in the supply area as the bullish pressure becomes stronger.

Author: Azeez M


Monero (XMR) Daily Price Forecast: April 10, 2019

Latest Monero (XMR) News

It is hard being a crypto influencer. And it’s even harder if you are the brains behind the second most valuable coin in the space. That’s the predicament Vitalik Buterin, the co-founder of Ethereum, finds himself in after attending Deconomy Forum where the primary objective was to discuss “Bitcoin Scaling and Economics.”

Read: Monero Block Rewards Falls Under 3 XMR After Hard Fork per Apollo Open Resource

While the title was supposed to draw real interest more so for Vitalik who personally contributed towards improving Bitcoin’s source code and adding some smart contracting capability, Vitalik is now taking heat for supposedly endorsing Bitcoin Cash SV, a creation of Craig Wright, known for hardliner stance, claims of being Satoshi and possessor of the only tech that world uncover ZCash and Monero privacy features.

Outrageous and even laughable as that may appear to be, Vitalik is of the opinion that if it wasn’t for Craig’s  antics then he would be an influence in the space but now most are apparently “laughing at his stupidity.”

Also Read:  Is the Monero/EOS Mix Of MonerEOS A Scam Or Just A Poor Copy Of Dan Larimer’s Idea?

All the same, crypto is evolving and as it does, many projects like Monero will draw in users keen on privacy, anonymity, speed and complete decentralization. Ahead of their first-ever conference, the Monero Konferenco, there is a lot to be discussed. Each ticker retails for $105 but we are yet to know who the speakers are—perhaps they want to keep this low-key?

XMR/USD Price Analysis

Monero XMR

All in all, Monero (XMR) uptrend is firm and stable on the last day. These gains mean XMR is now back to 13th with a market cap of $1,181million and closing in on Bitcoin SV. Technically, the XMR/USD trade plan is bullish and in a bullish breakout pattern, is a couple of bucks away from retesting our first target at $75.

As laid out in our last plan, any breakout above $75 will nullify bears of mid-Nov 2018 and in turn, set in motion the next wave of higher highs that will most likely drive prices above $100 towards $150. However, from candlestick arrangements, it is likely that prices may first correct towards $60 or the bull breakout level, in a retest.

Accompanying this dip should be low transaction volumes below 65k of Apr-1 and in an effort versus result, a spring will print out allowing for bulls of Apr-1 to flow back in a trend resumption phase. Ideally, this will invigorate participants, accelerating the rally towards $150 as Monero (XMR) prices double. Note that Monero (XMR) bulls are trading above the middle BB band, the 20 weeks moving average visible in the weekly chart which further affirms our bullish stance.

Author: Dalmas N


Monero (XMR) Daily Price Forecast: April 8, 2019

  • XRM/USD market has been in a relative increase in its price movement's outlook.
  • The bulls have to push past a price point at $70 to launch back its upturn in the market.

XMR/USD Medium-term Trend: Bullish

  • Resistance levels: $78, $80, $82
  • Support levels: $64, $62, $60

The market stance between XMR and the US dollar has been relatively appreciating in valuation to some reasonable extent as at now. Though, the pair has been currently resisted at around $72 point after surging northwards slightly above it.

In spite of the current small drop around that price point, the pair still keep its bullish outlook as being far from its 50-day SMA indicator. The Bollinger Lower Band and the 50-day SMA are closely located around $66 mark. The stochastic Oscillators are now attempting to close hairs at range 80.

The market point at $72 has been the rejection line that needs to be broken northwards to attest to the continuation of the bullish trend of this crypto-trade. However, any contrary assumption could lead to letting the bears regain the market force in the medium run.

XMR/USD Short-term Trend: Bearish

XMR/USD trade in the short-term run today has been visibly declining in its price movement’s outlook. The market has once seen trading around a high price mark at $73 earlier in the market.

The market has now been trading around the low price point at $69 a bit below the 50-day SMA indicator. Yesterday, XMR/USD pair was in a bullish outlook. The 50-day SMA indicator is a bit located above the Bollinger Lower Band. The Stochastic oscillators have bent towards range 20.

The pair has now been trading a bit below $70 mark at around 50-day SMA. At that price point, the bulls have to push past it to launch back its upturn in the market.

Author: Azeez M


Monero (XMR) Long-Term Price Forecast: April 7, 2019

  • The bulls remained in control of the long-term outlook.
  • Responsible buying may be considered.

XMR/USD Long-term Trend: Bullish

Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook continues in a bullish trend. The strong bullish pressure was sustained in the week ended with the target in 1.618 fib level at 60.00 in the supply area hit on 1st April.

XMR rose to 70.92 in the supply area, this was another fib target at 2.618 on 2nd April. $73.00 in the supply area was the high of the week attained on 3rd April.

The bullish pressure remains strong in the week ahead with price above the two EMAs and the stochastic oscillator signal pointing up 91%. It implies an upward momentum in price of the cryptocurrency.
The 3.618 fib area at 75.85 is the initial target while 4.236 fib area at 85.00 in the supply area would be the next target in the long-term.

Author: Azeez M


Monero (XMR) Daily Price Forecast: April 1, 2019

  • XRM/USD market has been on an increase since yesterday's late trading sessions.
  •  In the short-term market run, the bulls' upward movement continuation may be determined around its Bollinger Middle Band if unbroken downwards.

XMR/USD Medium-term Trend: Bullish

  • Resistance levels: $62, $64, $66
  • Support levels: $50, $48, $46

In the medium-term run of XMR/USD market, there has been a notable increase in its valuation. Towards the end of yesterday’s trading sessions, the crypto-market began to witness a push along its Bollinger Upper Band which has led to a higher trade point at around $58 mark.

The 50-day SMA is located underneath the Bollinger Middle Band. The market trading stance is located around its Bollinger Upper Band. The stochastic Oscillators have now penetrated into the overbought zone to consolidate within it.

The bulls may soon be having a weak force in driving the market past $60 point, therefore, there could be a good set-up for the bears around the said price level.

XMR/USD Short-term Trend: Bullish

There has been a relative price appreciation in the XMR/USD market valuation today. Yesterday, the crypto-market was experiencing a choppy price movement in most of its early trading sessions.

Whilst the trade was approaching an end, it began to see a notable spike that eventually fuelled additional an increase in the market. The 50-day SMA is found underneath the Bollinger Bands as they all point to north direction than the east path. The stochastic Oscillators are now located within the overbought zone to consolidate.

The bulls may still need to find a foundation around its Bollinger Middle Band or its 50-day SMA indicator to have better head-ups in its movement to the north.

Author: Azeez M


Monero (XMR) Daily Price Forecast: March 31, 2019

  • The long-term outlook is in an uptrend.
  • The 161.8($60.94) in the fib extension is the bulls long-term initial target.

XMR/USD Long-term Trend: Bullish

Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook remains in a bullish trend. The pullback by the bears pushed the cryptocurrency down to $50.37 in the demand area on 26th March. This formed a confluence for a bullish retuned.

The demand area was the 61.8 fib area, a trend reversal zone. The tweezer bottom was formed around this area, while the 50-EMA serve as a support for the bulls returned.
$55.49 in the supply area was the high of the week as the bulls sustained the pressure in this new week with a bullish engulfing candle. XMRUSD is already up at $57.94.

Price is above the two EMAs and the stochastic oscillator points up at 76% an indication of upward price movement in the long-term with $60.94 in the supply area as the bulls target in the new week.

Author: Azeez M


Monero (XMR) Daily Price Forecast: March 28, 2019

Today's Monero (XMR) News

Well, the notorious web designer who used to illegally mine Monero off his website visitors via a crypto-jacker, CoinHive, and previously indicted by a Yokohama court has been let go if Japanese media reports are anything to go by.

Citing “lack of harm”, the Jury reached a consensus that CoinHive is technically not malware and the 31-year-old shouldn’t be arrested. His actions are, therefore “socially tolerable” impacting the online community to a “minor degree.”

Read: Japanese Court Lets CoinHive Crypto-jacker Go Free Citing The Mining Script Not Being A PC Virus

To that end, he will be fined, what we reported to be, $900.  Perhaps the reason for leniency was the low impact the malware had. While it operated for a year, no personal data were leaked or victim hardware was not destroyed. All in all, actors are increasingly becoming bold and resorting to Cryptojacking rather than introducing malware payable in cryptos like Bitcoin or the more anonymous Monero.

In other news, Binance through a report is detailing the impact of Monero’s new block size algorithm that will see miner block reward decrease to two by 2020 and later to one by 2021 before a tail emission begins a year later. The objective of tail emission is to prevent miner reward from dropping to zero.

Also Read: Canaan, Avalon Bitcoin Miner Creator, Discussing Another IPO at Shanghai Stock Exchange

All the same, it is clear that with low prices, Monero as a popular privacy coin will likely be impacted negatively as miners are less incentivized to secure the network more so if the crypto winter persists—and may make the network more fragile.

XMR/USD Price Analysis

Monero

It’s a rising wedge for Monero (XMR) against the USD. And despite our positivity and expectation of higher highs, we should note that prices are technically bearish with strong liquidation at around $55. If we paste a Fibonacci retracement tool between the high low of the last bear leg of Q4 2018 then we note that the level is the 23.6 percent mark.

Should bulls fail to rally past this mark then we can conclude that the bear momentum is strong and odds are Monero (XMR) bears will easily slide below Dec 2018 lows of $35 in a bear trend resumption phase that will completely disillusion the market.

On the flip side, if Monero demand increases as Bitcoin prices improve, the XMR prices may break above $55. That would trigger participation and from candlestick arrangement, the next feasible bull target will be the 50 percent Fibonacci retracement level of Nov-Dec high low at $75 or Q3 2018 lows.

All Charts Courtesy of Trading View—BitFinex

Author: Dalmas N


Monero (XMR) Daily Price Forecast: March 26, 2019

  • XMR/USD trade in its current market consolidation movement may be prolonged to allow the bears to still grab the hold of the market direction.
  • Traders are to be wary of following the trend to the downside as there could as well be a sudden bearish reversal in the market.

XMR/USD Medium-term Trend: Bearish

  • Resistance levels: $54, $56, $58
  • Support levels: $46, $44, $42

XMR/USD trade worth has been witnessing a notable slight downward movement in its valuation since the start of this week’s trading sessions. Initially, the pair was seen hovering along its 14-day SMA indicator in conjunction with the Bollinger Middle Band as they are very near on the chart.

On March 25, the crypto eventually briefly got weaken to find a lower level around $50 mark. The 50-day SMA and the Bollinger Middle Band are closely located at $52 point above the present trade point. The Stochastic Oscillators are now consolidating around range near the oversold zone.

The current market consolidation movement may be prolonged to allow the bears to still grab the hold of the trade direction. Nevertheless, traders could be on the lookout for a good buy set-up while it comes up with price action.

XMR/USD Short-term Trend: Ranging

The XMR/USD market shows up a line of notable lower lows majorly under the trend line of its Bollinger Middle Band in the short-term run outlook. Yesterday, the crypto-market witnessed a slight fall in the market.

Currently, the market has been hovering around a market horizontal line at $0.29 mark. All trading indicators are located around range spots now found at $0.3 and $0.29 points. The Stochastic Oscillators are now seemingly attempting to consolidate around range 20 near the oversold zone.

The XMR/USD market may still get sink southwards while the bears increase their force even in the current consolidation price movement. Traders may need to wait for a strong reversal of the current trend to consider a long position entry.

Author: Azeez M


Monero (XMR) Long-Term Price Forecast: March 24, 2019

  • The bear pullback did not break the new demand area.
  • Upward momentum remains strong in the long-term.

XMR/USD Long-term Trend: Bullish

Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook continues in a bullish trend. The bulls pushed the cryptocurrency up at $55.75 in the supply area on 20th March as the high of the week but the bears returned again for the pullback.

The bearish pressure was strong as price retested the broken supply area now a demand area on 18th March began as XMRUSD dropped to $52.36 in the demand area.

The second retest occurred on the 21st of March. The cryptocurrency dropped to $52.06.
On each retest price did not break the upper demand area, all closed above the area an indication that the bulls may stage a comeback in this new week.

Price is above the two, MAs and the stochastic oscillator points up at 67% an indication of upward price movement in the long-term with $60.00 in the supply area as the bulls target in the new week.

Author: Azeez M


Monero (XMR) Daily Price Forecast: March 18, 2019

  • XMR/USD trade now appears attempting to build a foundation around its 50-day SMA for a swing up-rise later on in the market.
  • The pair may still need to face a degree of price consolidation movements during which bears may have a way for a while during the process.

XMR/USD Medium-term Trend: Ranging

  • Resistance levels: $56, $58, $60
  • Support levels: $48, $46, $44

On March 16, the XMR/USD market managed to stride into other upper range zones which have been around which its movements are still seen. The range market movements now dominate around its $52 lower range spot.

The 50-day SMA and the Bollinger Lower Band are conjoint a bit above range $50 mark. The Bollinger Middle Band is located a bit over the lower range point to signify that the market is slightly under short falling pressure. The Stochastic Oscillators have briefly dipped into the oversold zone.

There are indications that the crypto-market is now trying to build a foundation around its 50-day SMA in a near time. However, traders should be wary of a long consolidation movement around the 50-day SMA that can as well come up in the market.

XMR/USD Short-term Trend: Bearish

XMR/USD market short-term run shows a slight decline in its valuation today. Earlier on while the market averaged $53 price level, it lost out momentum to surpass it.

Therefore, the US dollar takes up the market charge to push slightly towards $51 low trade point. The 50-day SMA is located between the Bollinger Upper and Middle Bands within $53 and $52 marks. The Stochastic Oscillators now seemingly point north-east within ranges 40 and 20.

Indicators still signify that there could soon be coming off more range market movements if the bulls take up the force. However, the bears may have their way through in the market by making a consolidation movement for a while.

Author: Azeez M


Monero (XMR) Long-Term Price Forecast: March 16, 2019

  • The long-term outlook is in a bullish trend.
  • A retest is most probable before uptrend continuation.

XMR/USD Long-term Trend: Bullish

Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook is in a bullish trend. The week just ended saw the bulls broke $52.20 in the upper supply area of the range initially on 14th March but retraced and closed below the range. Increased momentum led to the final breakout on 15th March as XMRUSD rose to $53.27 and closed as a bullish marubozu candle.

The strong bullish pressure led to a rise in price to $55.53 in the supply area on 16th March.

The days ahead looks good for the bulls to continue dominance but before the continuation, a brief pullback to retest the broken upper at $52.20 may occur due to the bears' pressure.

Price is above the two EMAs with the stochastic oscillator signal pointing up at 89% in the overbought region. These suggest an upward momentum in price of the cryptocurrency in the new trading week.

Author: Azeez M


Monero (XMR) Daily Price Forecast: March 11, 2019

  • XMR/USD trade now appears striving to push southwards past its lower range spot at $48 point.
  • A new low market point between $47 and $46 marks may be witnessed if the bears eventually succeed at forcing the trade past its current lower range mark.

XMR/USD Medium-term Trend: Ranging

• Resistance levels: $52, $54, $56

• Support levels: $44, $42, $40

The trade position between the XMR market and the USD price worth has been majorly characterized by a series of ranging movements this week. Currently, the pair appears striving to push southwards past its lower range spot at $48 point.

In spite of that market’s action, the indicators are still found within the trading range zones of $50 and $48 marks. The Bollinger Lower Band has only been slightly stretched below the lower range as the 50-day SMA is located tightly a bit over it. The Stochastic Oscillators have crossed to point south a bit away from range 20.

The bears look like having a degree of strength to have the market push against the bulls as at now. In that wise, the bulls may soon be building upon the current slight lowering of the market to, later on, have a stronger foundation.

XMR/USD Short-term Trend: Bearish

XMR/USD’s market trend today has been relatively in a bearish outlook talking about its short-term performance. The crypto’s yesterday’s trading sessions majorly saw a line of range price movements around $50 and $49 points.

Presently, the market has been trading around its new low mark at $48 after falling from the high mark of $50. The 50-day SMA is very closely located over the $49 mark, and the Bollinger Middle Band is located tightly underneath the price point. The Stochastic Oscillators have crossed and bent to touch range 20.

While the bears have the tendency to consolidate their trade stance as at now, there could be the possibility of achieving a new low market point between $47 and $46 marks.

Author: Azeez M


Monero (XMR) Long-Term Price Forecast: March 10, 2019

  • The cryptocurrency is in a consolidation in the long-term outlook.
  • Traders should be patient while trading the consolidation.

XMR/USD Long-term Trend: Ranging

Supply zone: $90.00, $100.00, $110.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook continues in a range-bound market. $52.27 in the supply area was the high attained while $47.08 in the demand area was the low of last week trading session as the cryptocurrency remains in consolidation.

The new week start on a bullish note at $56.88 above the two EMAs and the stochastic oscillator signal points up at 36%. These suggest an upward price movement as the bullish pressure becomes stronger and more candles opened and closed above the two EMAs in the coming days.

$52.20 in the supply area is the upper price range while $47.30 in the demand area is the lower price range. A breakout from the upper supply area or a breakdown at the lower demand area may occur hence patience is required for this to play out before taking a position.

Author: Azeez M


Monero (XMR) Daily Price Forecast: March 4, 2019

  • There has been a relative decrease in the market worth of XMR/USD today.
  • The crypto-trade may as well soon begin to experience variant price consolidation movements.

XMR/USD Medium-term Trend: Bearish

  • Resistance levels: $52, $54, $56
  • Support levels: $42, $40, $38

Notably in the recent past, XMR/USD trade worth largely moved in a range manner around $48 mark. But today, the crypto-market has relatively got a push southwards off the aforementioned market point.

The market has now been trading around $46 price level. The 50-day SMA has slightly touched the Bollinger Middle band from the top at $48 mark. The Stochastic Oscillators have briefly moved into the oversold zone, and yet, they still point south within it. That shows the bearish trend hasn’t been weakened in the market.

The current bearish trend is expected to continue towards achieving a new low price point around $44 or even in an extension to $42 price point.

XMR/USD Short-term Trend: Bearish

XMR/USD has been under selling pressure since the trading starts today. The US dollar overweighed the market valuation of the XMR by seeing it drop closely to $46 market value.

Yesterday, the market trend was simply obtained in a range formation. The Bollinger Middle Band is tightly bent below the 50-day SMA at $48 point. The stochastic Oscillators are now dipped in the sold zone to consolidate within it.

This pair may now have actually reached its market oversold condition; hence, there could soon be either price consolidation movements or a set-up for the bulls to build up their foundation.


Monero (XMR) Long-Term Price Forecast: March 2, 2019

  • The long-term outlook is in consolidation.
  • The bears may sustained the pressure down south.

XMR/USD Long-term Trend: Ranging

Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook is in a range-bound market. The bullish pressure from the bullish railroad was lost at $56.88 in the supply area. The lager bearish engulfing candle signaled the bears returned as the cryptocurrency dropped to $48.17 in the demand area.

Price is below the two EMAs with the stochastic oscillator signal pointing up. These suggest a downward momentum in price as the cryptocurrency ranges.

$52.20 in the supply area is the upper price range while $47.30 in the demand area is the lower price range. A breakout from the upper supply area or a breakdown at the lower demand area may occur hence patience is required for this to play out before taking a position.


Monero (XMR) Daily Price Forecast: February 25, 2019

  • XMR/USD market ended its swing uptrend this week while it closely averaged $56 mark.
  • Traders may now begin to look out for a good potential long entry under the 50-day SMA.

XMR/USD Medium-term Trend: Bearish

  • Resistance levels: $56, $58, $60
  • Support levels: $44, $42, $40

Last week, XMR/USD was in a bullish trend outlook, but it eventually ended its swing uptrend this week while it closely averaged $56 mark. This crypto encountered a short line of resistances below the aforementioned point.

Shortly after the third candlestick formation into the trading sessions yesterday, the crypto dumped significantly to approach $46 low market valuation. The market has now been trading around $48 mark. The 50-day SMA is located at $50 a bit below the Bollinger Band. The Stochastic Oscillators are seemingly consolidating within the oversold zone.

A breakdown of $46 price level could result in seeing this crypto-trade to enter other range zones below it. This cryptocurrency's recovery signal may have to be seen through breaking out of the 50-day SMA.

XMR/USD Short-term Trend: Ranging

There have now been strong range price movements in the XMR/USD market valuation today. Yesterday, the crypto firstly experienced range movements in an upper zone, and suddenly got drop which eventually made it ended in a range moving mode.

Since the trading commences today, the market has very tightly been hovering around $48 mark. The 50-day SMA is located between $52 and $50 market levels as the Bollinger Bands have found a place underneath it. The Stochastic Oscillators are seemingly consolidating around range 60. They now seem to attempt to point north.

The bears may still be having a brighter trading stance around the 50-day SMA location, especially while the market encounters rejections. Whilst below the SMA indicator, a good potential long entry may be achieved.


Monero (XMR) Long-Term Price Forecast: Feb 24, 2019

  • The bulls area in charge of the long-term range.
  • Traders may consider buying at pullback areas

XMR/USD Long-term Trend: Bullish

Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook is in a bullish trend. The strong bullish pressure started with an engulfing candle on 18th February, broke the two EMAs and pushed the cryptocurrency up at $54.29 in the supply area on 19th February but closed as an inverted hammer an indication of the bears gradual returned.

XMRUSD dropped to $50.16 in the demand area but the bears lacked the needed pressure to continued journey downward, hence the bulls returned after the bullish railroad formed on 22nd February to continue the upward price movement.

The week ended on a bullish note with the breakout at the upper supply area of the range and XMRUSD rose to $55.62 in the supply area to pave the way for an upward journey.

The new week started on a bullish note as the candle opened at $54.99 and price already up at $56.80 in the supply area. The bulls may sustain the journey up north in the days ahead as confirmed by the signal of the stochastic oscillator pointing up at 85% in the overbought region.


Monero (XMR) Daily Price Forecast: February 18, 2019

XMR/USD Medium-term Trend: Bullish

  • Resistance levels: $54, $56, $58
  • Support levels: $45, $43, $41

Monero has been relatively pushing northwards against the US dollar since yesterday’s last four-hour trading session as established on the chart. The crypto struggled to rise after experiencing a shortfall below $48 mark to now push northbound briefly past $50 point.

Lately, on February 14 and 16, the pair had been seen traded towards $46 price level below both the Bollinger Middle Band and the 50-day SMA indicators. Now, the aforementioned indicators are almost conjoint a bit over the $48mark as price has been trading around the Bollinger Upper Band above the $50 point. The Stochastic Oscillators have dipped into the overbought zone to seemingly crosshairs.

That could be a signal to begin a consolidation movement within it. Whilst this crypto still eventually fails to push northwards further in its present consolidation movement, it means bears will definitely take up the market force downwards again.

XMR/USD Short-term Trend: Bullish

There has been a significant dominion of upturn price movements in the XMR/USD short-term trend today. The market has averaged $52 mark shortly while it rose from around $48.55 low price level.

Yesterday, the pair traded along with the Bollinger Middle Band closely underneath the 50-day SMA. In the short run, the market eventually gained the strength to rebound gradually towards the end of trading sessions. The market has been trading around $51 mark where Bollinger Upper Band is now located.

The Stochastic Oscillators are now consolidating within the overbought zone. That could be a signal that bulls are getting weak gradually in the market.


Monero (XMR) Long-Term Price Forecast: Feb 17, 2019

XMR/USD Long-term Trend: Ranging

Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook continues in a range-bound market. $51.40 in the supply area was the high of the week while $46.10 in the demand area was the low of the week as the cryptocurrency continues in the range.

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.

Price is below the two EMAs with the stochastic oscillator signal pointing down at 62% an indication of downward momentum within the range.

The cryptocurrency is in consolidation and trading between $55.00 in the upper supply area and at $40.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area will occur hence patience is required before taking a position.


Monero (XMR) Daily Price Forecast: February 11, 2019

XMR/USD Medium-term Trend: Ranging

  • Resistance levels: $52, $54, $56
  • Support levels: $42, $40, $38

XMR/USD market worth has been choppily trading within $50 and $46 marks since the trading sessions commence this week. After a long range of price movements last week, the crypto like most others in its category swung northwards to approach $50 mark on February 8.

The Bollinger Middle Band is located between $48 and $46 levels as price has also been hovering within them. The 50-day SMA is found around $44 level while the Bollinger Bands are situated over it. The Stochastic Oscillators have slightly dipped into the oversold zone to probably suggest the weakness of bears in the market.

Price levels towards the 50-day SMA indicators may now be used by bulls to conveniently launch a coming back into this crypto-trade.

XMR/USD Short-term Trend: Bearish

The market worth of XMR/USD has been on a relative decline in the short-term run in the last couple of hours today. Yesterday, there was a notable increase during the trading sessions as the pair managed to record a high point slightly over $49 mark.

As at now, the market has been trading around $47 level. The Bollinger Middle Band and the 50-day SMA are also almost conjoint at the aforementioned spot. The Stochastic Oscillators appears to have briefly opened hairs below range 20 in the oversold zone. That could possibly be a signal for seeing more ups than downs in this crypto-trade.

If the bulls lack the catalyst to break and hold above the 50-day SMA, then bears may have to press down the market in their own direction.


Monero (XMR) Long-Term Price Forecast: Feb 10, 2019

XMR/USD Long-term Trend: Ranging

Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook continues in a range-bound market. $42.08 in the demand area was the low while $50.69 in the supply area was the high of the week as the cryptocurrency continues in the range.

The bullish engulfing candle at $43.71 on 8th February manages to break both EMAs but closed below the 50-EMA and ended the trading week a doji signaling  a possible brief bears comeback ahead.

Price is above the 10-EMA with the stochastic oscillator signal pointing up 74% an indication of upward momentum within the range.

The cryptocurrency is in consolidation and trading between $60.00 in the upper supply area and at $40.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area will occur hence patience is required before taking a position.


Monero (XMR) Daily Price Forecast: February 4, 2019

XMR/USD Medium-term Trend: Ranging

  • Resistance levels: $46, $48, $50
  • Support levels: $40, $38, $36

XMR market worth, as paired with the USD price valuation this week, has been witnessing its movements slightly lower to the trade downside. Currently, the market has been fluttering along with the Bollinger Lower Band at around $42 price level.

Trading activities have been taking place underneath the 50-day SMA since January 28 sudden decline in the crypto’s market valuation until now. Indicators are located within $44 and $42 market levels except for the Bollinger Lower Band that has briefly stretched out southwards a bit below the lower mark. The Stochastic Oscillators have opened hairs at range 40 to slightly point south.

At this point in time, this crypto-trade may still have to consolidate its stance in the market for a while. Therefore, traders are enjoined to halt their entries for a while and be on the lookout for a reversal or breakout that may suit market decent entries.

XMR/USD Short-term Trend: Ranging

During the market trading sessions of XMR/USD yesterday, around $43 and $42 marks were the range zones within which the crypto featured its movements. Today, the market has dropped down a bit further to average $41.50 price level.

Yet, the market has been hovering around the aforementioned point. The 50-day SMA is located between the Bollinger Upper and Middle Bands as all the indicators are not widely separated. The Stochastic Oscillators have opened hairs to point south a bit below range 20 in the oversold zone.

Taking the indicators reading into account, they all still suggest downward price movements of this crypto-market. As a result, traders are to watch out for a decent entry point to exert their order.


Monero (XMR) Long-Term Price Forecast: Feb 2, 2019

XMR/USD Long-term Trend: Ranging

Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook remains in a range-bound market. $47.03 in the supply area was the high of the week as the bears dominate the market to $42.08 in the demand area as the low of the trading week.

The bears ensured that the cryptocurrency stays below the 10-EMAs throughout the week just ending.

Price is obviously below the 10-EMA with the stochastic oscillator signal pointing down at 21% an indication of bearish continuation within the range.

The cryptocurrency is in consolidation and trading between $60.00 in the upper supply area and at $40.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area will occur hence patience is required before taking a position.


Monero (XMR) Daily Price Forecast: January 28, 2019

XMR/USD Medium-term Trend: Bearish

  • Resistance levels: $48, $50, $52
  • Support levels: $40, $38, $36

The US dollar trade worth has been prevailing over the XMR market stance since the commencement of trading activities today. The crypto has been majorly facing a variant period of resistances around $46 mark over the time.

As at current, price has now appeared slowly pushing southwards past the January 20 market low point. The 50-day SMA finds a close location below the Bollinger Middle Band and they are both between $46 and $44 price levels. The Stochastic Oscillators have freshly dipped into the oversold zone, and they still point southwards within it.

Market consolidation movements may soon be experienced in this crypto-trade to affirm the bears trading positions for a while. Meanwhile, a strong reversal could emerge later on between $44 and $40 marks to possibly signify bulls return into the market.

XMR/USD Short-term Trend: Bearish

XMR/USD market in the short-term run had been experiencing a significant range movement until yesterday trading sessions. Today, the crypto has eventually softened its stance to allow the US dollar to take the market ride after a short notable line of range movements.

The market has now been trading around $43 price level closer to the Bollinger Lower Band. The 50-day SMA is a bit located above the Bollinger Middle Band at around $45 market horizontal line. The Stochastic Oscillators have crossed and dipped back into the oversold zone.

Yet, bears have assumed a larger percentage of sentiments against the backdrop of seeing a bullish market condition as soon as possible for now. Nevertheless, shorting or entering of short position could as at now lead to bear’s trap.


Monero (XMR) Long-Term Price Forecast: Jan 26, 2019

XMR/USD Long-term Trend: Ranging

Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook remains in a range-bound market. The week just ended saw the bulls and the bears had equal dominance in the market. The week opened bearish at $46.63 on 20th January with low of the week same day at $43.31 in the demand area. This was below the two EMAs.

The bullish spinning top at $44.01 of 21st January signaled the bulls returned. The bulls aggressively pushed the cryptocurrency above the 10-EMA. XMRUSD rose to $47.83 as the high of the week on 24th January.

Price is hovering around the 10-EMA with the stochastic oscillator signal pointing up at 75% an indication of bullish continuation within the range.

The cryptocurrency is in consolidation and trading between $60.00 in the upper supply area and at $40.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area will occur hence patience is required before taking a position.


Monero (XMR) Daily Price Forecast: January 21, 2019

XMR/USD Medium-term Trend: Ranging

  • Resistance levels: $48, $50, $52
  • Support levels: $40, $38, $36

XMR/USD market trading sessions are being observed in a range mode around $44 mark until present. Basically, it has been featuring of lower highs as a result of a small notable drawdown that eventually occurred in the yesterday’s trading sessions while the USD appeared unable to push southwards more.

The crypto has now been keenly noticed to have been trading around the lengthy wall of the January 14 bullish candlestick formed between $46 and $42 price levels. Both the 50-day SMA and the Bollinger Middle Band have joined together a bit over the current market trading spot. The Stochastic Oscillators have crossed from the oversold zone to slightly point north at range 20.

It has now appeared that bulls have a brighter tendency of mustering their needful momentum around $44 and $42 marks to suggest a better positive assumption of their return in the market.

XMR/USD Short-term Trend: Ranging

XMR/USD market has been in a choppy price moving manner since yesterday until the present time of writing. The short-term chart has shown the range movements as being within the $44 and $43 price levels.

Yesterday, before a decline occurred in the crypto-trade, the pair was initially found ranging closely to its $46 high mark of the market. The 50-day SMA is a bit located below the $46 horizontal line but above the Bollinger Bands with a small space between them. The Stochastic Oscillators have dipped into the overbought zone, and they appear making an attempt to point south.

Indicators still have it that bears are still relatively in control of this crypto-market, and as a result of that sentiment, traders are enjoined to keep an eye on a good sell set-up of the market to enter their position decently.


Monero (XMR) Long-Term Price Forecast: Jan 19, 2019

XMR/USD Long-term Trend: Ranging

Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook continues in a range-bound market. Although the week ending started on a bearish note at a low of $43.00 the cryptocurrency rose to $47.72 in the supply area as the bulls took over the control of the market within the range.

This was the high of the week with resistance against upward price movement occurred at the10EMA.

Price is still below the two EMAs and the stochastic oscillator line is parallel at 19% an indication of continuous ranging scenario in the long-term as the bulls retested the 10-EMA an attempt to breakout and sustained the upward momentum.

The cryptocurrency is in consolidation and trading between $60.00 in the upper supply area and at $40.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area will occur hence patience is required before taking a position.


Monero (XMR) Daily Price Forecast: January 14, 2019

XMR/USD Medium-term Trend: Bearish

  • Resistance levels: $50, $52.50, $55
  • Support levels: $37.50, $35, $32.50

XMR/USD was formerly experiencing a series of range price movements prior to an emergence of a bearish candlestick in the market on January 10. The sudden sharp decline occurred under the Bollinger Middle Band sell-signal line as both the 50-day SMA indicator and the Bollinger Lower Band were breached southwards in the running.

Thereafter, the crypto slightly started to move in a range mode around $45 market level for about three to four days. The 50-day SMA is found over the Bollinger Bands. The stochastic Oscillators are seemingly attempting to cross between ranges 40 and 20.

A strong further push against the Bollinger Lower Band at $43 mark may cause a free-fall of the market and may as well lack long sustainability.

XMR/USD Short-term Trend: Ranging

The XMR/USD market valuation has been basically ranging between $44 and $42 price levels since the start of today’s trading sessions. As at the time of writing, price has been ranging along with Bollinger Middle Band.

Yesterday, the crypto experienced a sudden decline in its market line from around $44 to test $42 mark. The 50-day SMA is a bit over the Bollinger Band with a tiny space between them. The Stochastic Oscillators are attempting to close hairs at around range 40.

To some extent, the XMR/USD market is still under selling pressure and it may take the crypto a while to survive coming out of it especially when the 50-day SMA remains unbroken northward.


Monero (XMR) Long-Term Price Forecast: Jan 12, 2019

XMR/USD Long-term Trend: Ranging

Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook remains in a range-bound market. The week opened with a bullish marubozu candle with XMRUSD up at $56.53 in the supply area with the bulls poised for an upward journey to the upper supply area. But the bullish momentum was lost at $55.28 in the supply area on 7th January.

The bears taken over market control was confirmed on 10th January with a large bearish engulfing candle after a series of two inverted daily bearish doji. XMRUSD made a low of $44.27 in the demand area.

Price is below the two EMAs and the stochastic oscillator signal points down at 15% which implies downward momentum in as the days ahead within the range.

The cryptocurrency is in consolidation and trading between $60.50 in the upper supply area and at $38.50 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area will occur hence patience is required before taking a position.


Monero (XMR) Daily Price Forecast: January 7, 2019

XMR/USD Medium-term Trend: Ranging

  • Resistance levels: $57.50, $62.50, $67.50
  • Support levels: $45, $40, $35

The marks of $55 and $50 have been the range zones around which XMR/USD market has been witnessing a variant price ranging moves since January 2. The crypto’s last low price valuation was initially observed sitting at around $45 last year, 2018.

Yesterday, the currency pair suddenly got a notable push northwards to touch the upper range zone. Today, the market point has been serving as a strong resistance as the US dollar has briefly taken over the driving force. About a couple of days, there has been a short space between the 50-day SMA and the Bollinger Middle Band while the latter is located above the former. The Stochastic Oscillators have crossed to point south at around range 60.

Going by SMA indicators, traders are expected to be on the lookout for a good buy set-up that could emanate from a slight dump of the market. A fierce breakdown of both the 50-day SMA and $47.50 mark could cause a partial suspension of taking long entries.

XMR/USD Short-term Trend: Ranging

Today, XMR/USD market has been majorly experiencing choppy price movements around $55 and $52.50 marks. Yesterday, according to the chart, the crypto ranged tightly along with $50 market line.

As at now, the market has been hovering around the lower range The 50-day SMA is located below the Bollinger Bands. The Stochastic Oscillators have dipped into the oversold zone to consolidate within it. That shows that the crypto is still relatively under selling pressure.

A strong push southward against the 50-day SMA may allow bringing about a new low market line between the marks of $47.50 and $40 while a reversal against the said indicator could result in having a high valuation of between $55 and $60 points.


Monero (XMR) Long-Term Price Forecast: Jan 6, 2019

XMR/USD Long-term Trend: Ranging

Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook remains in a range-bound market. The New Year started with the formation of a bullish railroad on 1st January at the coin rose to $49.83 in the supply area. The bullish momentum within the range was lost after a push to $55.28 on 2nd of January.

The bears' pressure was strong after the bearish railroad and XMRUSD made a low at $50.34 in the demand area as they continue to push price down within the range.

Price is around the two EMAs and the stochastic oscillator signal is in a parallel line at 49%. This connotes a ranging scenario.

The cryptocurrency is in consolidation and trading between $60.50 in the upper supply area and at $38.50 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area will occur hence patience is required before taking a position.


Monero (XMR) Daily Price Forecast: December 31, 2018

XMR/USD Medium-term Trend: Ranging

  • Resistance levels: $52, $56, $60
  • Support levels: $40, $36, $32

On December 28, XMR/USD lost momentum to sustain past its 50-day SMA’s trend-line. Just about then, the crypto has been majorly experiencing lower lows underneath the indicator’s trend-line.

Presently, the range movements have been prolonged to get along with the Bollinger Middle Band. The 50-day SMA is located above the Bollinger Middle Band. The Stochastic Oscillators have slantingly headed and bent southwards a bit above range 20.

It shows that bears are somewhat in control of this crypto-market at the expense of bulls’ weakness. Being as it is, traders are enjoined to look out for a decent buy entry between $44 and $36 price levels.

XMR/USD Short-term Trend: Bearish

The market valuation of XMR/USD was moving in a range as at the early trading sessions commences today. Short-term trend has now briefly changed to bearish outlook as the US dollar seems to have a strong push of the market.

As at yesterday trading sessions, the crypto basically moved around $48 and $47 price levels. Price has been trading around the Bollinger Middle Band. Both the 50-day SMA’s trend-line and the Bollinger Middle Band are now found conjoined. The Stochastic Oscillators have slightly dipped into the oversold zone.

The bearish market appears taking on its driving force against the bull’s inactive market driving strength currently. Nevertheless, traders may still await a reversal from the current bearish trending movement of the market to observe a decent buy entry.


Monero (XMR) Long-Term Price Forecast: Dec 29, 2018

XMR/USD Long-term Trend: Ranging

Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook continues in a range-bound market. The bulls had a brief upper hand within the range as they pushed the cryptocurrency to $60.05 in the supply area on 24th December. This was the high of the week.

The large bearish candle at $46.20 on 25th December announced the bears' takeover as XMRUSD dropped to $46.20 in the demand area. Increased bearish momentum led to a further drop to $44.22 in the demand area as the coin ranges.

The cryptocurrency is in consolidation and trading between $65.00 in the upper supply area and at $38.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area will occur hence patience is required before taking a position.


Monero (XMR) Daily Price Forecast: December 24, 2018

XMR/USD Medium-term Trend: Bullish

  • Resistance levels: $64, $68, $72
  • Support levels: $44, $40, $36

Basically, there has been a strong upward price movement in the market valuation of the XMR/USD over a week. The crypto has continued to consolidate its uptrend on the threshold of a push it got against the 50-day SMA’s trend-line and the Bollinger Upper Band on December 17.

The Bollinger Middle Band has been playing a supporting role for re-occurrence of an uptrend in the XMR/USD market price line. Price now faces a kind of correction around the Bollinger Upper Band at $56 market level. The Bollinger Bands are over the 50-day SMA. The Stochastic Oscillators have penetrated into the overbought zone. The bullish trending path has been found within the Bollinger Upper and Middle Bands.

A reversal against or a breakdown of $48 mark could suggest an invalidation of the current bulls’ market presence.

XMR/USD Short-term Trend: Bullish

XMR/USD market worth still maintains its significant upward movements in the short-term run. The pair has strongly pushed northward further earlier today to test around $57 mark before witnessing a retracement towards the Bollinger Middle Band.

Yesterday, the crypto mainly featured a chain of lower lows and lower highs around $54 and $52 price levels over the 50-day SMA’s trend-line. The Bollinger Middle Band are over the 50-day SMA. The Stochastic Oscillators have crossed from the overbought zone to point south below range 80.

The XMR/USD price may need to be slightly pushed downward around $52 level to allow bull garner a needful momentum to resurface in the trade.


Monero (XMR) Long-Term Price Forecast- Dec 23, 2018

XMR/USD Long-term Trend: Ranging

Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook is a range-bound market. The bullish doji that started last week trading session was a signal to the bulls gradual returned but confirmation came on 17th December after the formation of a bullish engulfing candle which closed above the10-EMA.

XMRUSD rose to $46.20 in the supply area after the breakout. The week just ended saw the cryptocurrency made a high of $57.17 after the bullish marubozu candle of 20th December.

The failure of the bulls to continue the upward price movement after the formation of marubozu was an indication of possible exhaustion as the bears stage a gradual return while the cryptocurrency goes into consolidation.

The cryptocurrency is ranging and trading between $65.00 in the upper supply area and at $38.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area will occur hence patience is required before taking a position.


Monero (XMR) Daily Price Forecast: December 17, 2018

XMR/USD Medium-term Trend: Bullish

Resistance levels: $44, $46, $48
Support levels: $36, $34, $32

The XMR/USD Medium-term trend could now be said having a bullish outlook as a formation of Japanese bullish candlestick has occurred to break the Bollinger Middle Band northwards today. On December 15, the crypto dropped slightly below $38 low mark.

While on the next day, Dec. 16, the crypto strived to recover as the said mark served as its support for the upswing price movements. Both the 50-day SMA and the Bollinger Upper Band have joined a bit below $42 market level. Price has been trading around the Bollinger Middle Band. The Stochastic Oscillators have crossed to point north below range 80.

The XMR/USD uptrend now looks getting been exhausted, and as a result, traders may now begin to look out for a good trade set-up on the chart to launch a short position.

XMR/USD Short-term Trend: Bullish

In the short-term trend outlook today, XMR/USD has been pushing northward significantly after seeing a line of lower highs around the 50-day SMA. The Bollinger Middle Band has been broken northward, and the Bollinger Upper Band has once been traded against today.

Yesterday, the price movements of XMR/USD featured series of lower lows and lower highs a bit above the 50-day SMA. The 50-day SMA is located underneath the Bollinger Middle Band. The Stochastic Oscillators are seemingly consolidating within the overbought zone.

Bulls might now be getting weaker in the market; a strong reversal around $41 resistance could potentially suggest bear’s resurfacing in the trade.


Monero (XMR) Long-Term Price Forecast: Dec 15, 2018

XMR/USD Long-term Trend: Bearish

Supply zone: $70.00, $80.00, $90.00
Demand zone: $20.00, $10.00, $0.50

XMR long-term outlook remains in a bearish trend. The bullish flag of last week analysis pushed price to $50.22 in the supply area on 9th December before it lost momentum. With the bearish railroad formed after the end of the trading session on 10th December,  the bears returned with much stronger pressure.

The cryptocurrency initially dropped to $42.41 and later to $39.01 in the demand area on 14th December after the bearish marubozu candle which signals stronger bears pressure.

Increased bearish momentum had dropped XMRUSD to $38.45 in demand area most probable as the low of today 15th December.

Price is below the two EMAs and the EMAs are fanned apart which still imply stronger downtrend. The stochastic oscillator remains in the oversold region at 5% with it signal pointing down thus reflecting a downward momentum in price in the long-term.


Monero (XMR) Daily Price Forecast: December 10, 2018

XMR/USD Medium-term Trend: Ranging

Resistance levels: $52.50, $57.50, $62.50
Support levels: $40, $35, $30

Noticeably, XMR/USD market had declined southwards last week to break down the range within which it ranged on December 5 to feebly touch past the $42.50 mark on Dec. 7. Most of the last week’s ranging movements were majorly characterized by lower lows than lower highs.

This week’s new current range zones have been depicted at $47.50 and $42.50 marks on the chart. Price has been currently trading within the zone. The 50-day SMA is located over the Bollinger Bands. The Stochastic Oscillators have crossed and maintained a slight bent to point south. That could result in a consolidation move.

The December 8 spike in the market and its quick reversion has strongly denoted that there could still be a bulls’ trap during which another volatile price movement may suddenly occur. In other words, bears seem to have a better position of trading in the XMR/USD market right now.

XMR/USD Short-term Trend: Ranging

There have been variant range levels in the XMR/USD short-term trending market over a few days. Today, the range zones are being observed around $47 and $45 market points.

Yesterday, the crypto rose visibly above the 50-day SMA to break the upper Bollinger Band to touch around $48.90 mark. Since then, the crypto has been experiencing lower lows than lower highs until now. The 50-day SMA and the lower Bollinger Band are now occupying a close location within the range. The Stochastic Oscillators are seemingly attempting to cross southward a bit above range 25.

As the market has now been currently trading around the 50-day SMA’s trend-line, it seems that more downward movements or lower lows are to be expected.


Monero (XMR) Long-Term Price Forecast: Dec 9, 2018

XMR/USD Long-term Trend: Bearish

Supply zone: $80.00, $90.00, $100.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook is a bearish trend. $52.80 in the lower demand area of last week range was nicely broken by the bears on 5th December as they continued journey south. The was with a large bearish marubozu candle as the cryptocurrency dropped to $52.00 in the demand area.

A retest of the broken area occurred on 6th December to confirm downward movement of price to $46.55 and sustained bearish momentum.

The bears' pressure gradually weakens after a drop in the cryptocurrency to $43.06 in the demand area as the candles in the area close with wicks a sign of exhaustion and consequently, bulls return

The current bullish flag was a pullback a good confirmation of possible bears return. With price below the EMAs and the stochastic oscillator within the oversold region, the bears remain in control of the market in the long-term.


Monero (XMR) Daily Price Forecast: December 3, 2018

XMR/USD Medium-term Trend: Ranging

Resistance levels: $70, $80, $90
Support levels: $45, $35, $25

The XMR/USD price line continues to witness ranging movements as it did during the last week’s trading sessions. The crypto-market point has been dangling along with both the middle Bollinger Band and the 50-day SMA around the $60 and the $55 marks over a few days.

On November 28, the crypto managed to reach a $65 market high. Around November 30, the market got pressed southwards slightly against the middle Bollinger Band and the 50-day SMA. All trading indicators are located around the range boundaries. The Stochastic Oscillators are attempting to cross either to point at the north direction or to conjoin at range 25.

It’s worthwhile to stay off the market now for a while to allow a strong price action to come up in the XMR/USD market in order to be able to get a good direction. But, investors may consider joining the market while it dips a bit further.

XMR/USD Short-term Trend: Ranging

The market marks between $58 and $56 are the range boundaries that have been maintained in the XMR/USD trade in the short-term trend today. There is a notable short bearish candlestick that engulfed the whole range marks but in the succeeding hours, the crypto has been featuring lower lows and lower highs within the said range until present.

The 50-day SMA is located over the middle Bollinger Band at around the upper Bollinger Band. The Stochastic Oscillators have headed north below range 40.

The market may still push southward to test around $52 or $50 market points, and a reversal could also occur in the long run.


Monero (XMR) Long-Term Price Forecast: Dec 1, 2018

XMR/USD Long-term Trend: Ranging

Supply zone: $100.00, $110.00, $120.00
Demand zone: $50.00, $40.00, $30.00

XMR long-term outlook is in a range-bound market. The flag formed in last week long-term analysis dropped the cryptocurrency at $53.16 in the demand area on 26th November. It was the second time price will touch this area, the first touch was on 20th August 2017.

The bullish railroad formed after the close of session on 27th November signalled a trend reversal and the bulls’ gradual return as XMRUSD was up at $59.98 in the supply area.

Increased bullish momentum pushed price up to $66.47 in the supply area as XMRUSD was rejected for further upward movement by the10-EMA which acted as a strong resistance. This briefly returned the bears' price dropped to $55.93 in the demand area on 30th November

XMRUSD is in consolidation and trading between $80.25 in the upper supply area and at $52.80 in the lower demand area of the range. A breakout at the upper supply area will suggest a long position while a breakdown at the lower area will mean to go short. Patience is required to allow this to happen before a position is taken.


Monero (XMR) Daily Price Forecast: November 27, 2018

XMR/USD Medium-term Trend: Ranging

Resistance levels: $75, $85, $95
Support levels: $40, $30, $20

Between November 21 and 24, the XMR/USD market was experienced moving in a range mode within the $70 and the $60 marks. While towards the Nov. 24 last trading session, the crypto pushed southwards to feature other range levels of $60 and $40 points on the chart.

Yesterday, the pair averaged the upper range point below the middle Bollinger Band but shortly lost out momentum while bears’ presence brought back lower lows into the market within the range boundaries. The 50-day SMA and the upper Bollinger Band are found at almost the same location. The Stochastic Oscillators are consolidating within the oversold zone to denote that the bearish trend is enjoying more stands at the expense of the crypto’s inability to have pushed northwards past the middle Bollinger Band as at now.

In that wise, breaking out of the range points should be watched out to get a decent directional entry on the part of traders.

XMR/USD Short-term Trend: Ranging

XMR/USD has been practically featuring both lower highs and lower lows in its market movements since the start of this week. All the said price movements surfaced underneath the sell line signal of the 50-day SMA’s trend-line.

The upper Bollinger Band and the 50-day SMA are found a bit below the $56 mark. Price has currently been ranging around the $52 price level. The Stochastic Oscillators have moved past range 40 slightly.

It seems that bears are still around in the market of this crypto. A strong reversal is expected to take place against the $52 market level or a breakout of the 50-day SMA at around the $55 to clear the way for a bullish strong support in the market.


Monero (XMR) Long-Term Price Forecast: Nov 25, 2018

XMR/USD Long-term Trend: Bearish

Supply zone: $100.00, $120.00, $140.00
Demand zone: $40.00, $30.00, $20.00

XMR long-term outlook continues in a bearish trend. The bulls could only manage a push to $93.10 in the supply area on 18th November and the candle closes as an inverted hammer an indication of a trend reversal.

The bears stage a return with a larger bearish marubozu candle on 19th November as price dropped to $73.12 in the demand area.

Increased bearish momentum led to further dropped of the cryptocurrency to $64.52. A flag was formed and this was a call to the bears to return as XMRUSD closed the week at $59.00 in the demand area.

The larger bearish candle is an indication that the bears are fully in control as price is below the two EMAs crossover and they are fanned apart which implies strength the downtrend.

The stochastic oscillator is in the oversold region at %and its signal points down which implies downward momentum in price as the bears' pressure becomes stronger in the long-term.


Monero (XMR) Daily Price Forecast: November 19, 2018

XMR/USD Medium-term Trend: Bearish

Resistance levels: $96, $100, $104
Support levels: $62, $58, $54

The XMR has been suffering from the USD market valuation since about a few hours ago today. The market fell from underneath of the upper Bollinger Band to push southwards against both the middle and lower Bollinger Bands.

About a few hours ago, the crypto dropped below the $68 market low. It must be recalled that around Nov. 15 and 18, the market moved in a range format. Currently, the market has been reversing from the downward movement. The 50-day SMA is located over the Bollinger Bands. The Stochastic Oscillators have moved toward range 20. They still point south over it to denote that bearish market is on-going.

However, a break above the $84 mark could signify that bull has returned back to the market.

XMR/USD Short-term Trend: Bearish

As at the early trading sessions today, the XMR/USD market moved in a range. The crypto suddenly experienced a decline from around the $84 mark to close towards the $65 levels.

As at present, the market falling force is causing the southward-stretch of the lower Bollinger Band. The 50-day SMA is found over the middle Bollinger Band at a near location. The Stochastic Oscillators have crossed at range 50 to slightly point south. It shows that the bearish trend isn’t over yet.

There are indications that the market may soon be pushed southward further past the $65; the last approached low market point. And, a correction could occur at that mentioned point to possibly give a decent long entry of the crypto.


Monero (XMR) Long-Term Price Forecast: Nov 18, 2018

XMR/USD Long-term Trend: Bearish

Supply zone: $110.00, $120.00, $130.00
Demand zone: $70.00, $60.00, $50.00

XMR long-term outlook is in a bearish trend. Rejection to upward price movement at the 10-EMA after the tweezer bottom on 12th November return the bears. The large bearish engulfing candle of 14th November broke $100.74 of the lower demand area of last week range and drop the cryptocurrency down to $85.03.

$81.72 in the demand area was the low of the week this occurred on 15th November. This was the second time price will be touching this area, the first was 14th August.

Price is below the two EMAs crossover and they are fanned apart which implies strength in the context of the trend and in this case the downtrend.

The formation of a bullish pinbar on 17th November signal a trend reversal. The bullish pullback may occur as momentum increased with a possible retest at $94.89 area in the supply area. This will create a double top with the bears' possible return to continue the downward journey.


Monero (XMR) Daily Price Forecast: November 12, 2018

XMR/USD Medium-term Trend: Bearish

Resistance levels: $110.50, $112.50, $124.50
Support levels: $100, $97.50, $95

Monero experienced a notable market decrease in its valuation last week while the 50-day SMA’s trend-line was breached southwards. It basically dropped along with the lower Bollinger Band until yesterday while it touched the $102 price level during the trading sessions.

A few hours later, the crypto managed to swing from the said spot to eventually bag a high market point a bit above the $106 price level today. Currently, the crypto has been traded between the $106 and the $104 price boundaries as the middle Bollinger Band is located in-between. The 50-day SMA is sharing the same location with the upper Bollinger Band. The Stochastic Oscillators have crossed below range 80 to point south a bit above range 60. That signifies that bears are much around the corner to take the driving charge of the market as long as bulls are unable to drive northwards past the current market high.

XMR/USD Short-term Trend: Ranging


Today, Nov. 12, the XMR/USD market has been witnessing a number of ups and downs in its movements within a range. Yesterday, the crypto recorded a significant amount of lower lows below the middle Bollinger Band trend-line.

The middle Bollinger Band has joined with the 50-day SMA. The stochastic Oscillators have joined together a bit below range 60 to seemingly start a consolidation move around it. A break of the $104 price level could result in revisiting the $102 last low.

It would be a good habit to let the market drop a bit southward during a volatile movement to detect a potential profitable long entry of this crypto.


Monero (XMR) Long-Term Price Forecast: Nov 11, 2018

XMR/USD Long-term Trend: Ranging

Supply zone: $120.00, $140.00, $160.00
Demand zone: $80.00, $60.00, $40.00

XMR long-term outlook remains in a range-bound market. The strong bullish pressure within the range was confirmed on 2nd November after the close of the bullish candle above the 10-EMA at $1107.78 in the supply area. Increased bullish momentum with the bullish engulfing candle pushed XMRUSD to $113.91 above the two EMAs on 4th November.

$114.84 in the supply area was the high attained by the cryptocurrency on 6th November closing as a spinning top which implies exhaustion. The bears' gradual return was further confirmed with a bearish engulfing candle that dropped XMRUSD to $108.69 in the demand area on 8th November below the 10-EMA.

The cryptocurrency went further down to $104.00 in the demand area before the week ended.

This new week opened lower at $105.36 compared to last week opening at $107.38. Which suggests more bears pressure may be seen this week to pushed XMRUSD to a new lower low before the new trading week ends.

The cryptocurrency is in consolidation and trading between $115.26 in the upper supply area and at $100.74 in the lower demand area of the range. Patience should be exercised during this period. A breakout at the upper supply area would be good for long position while a breakdown at the lower area would serve for short position with reversal candles formation as confirmation in either scenario.


Monero (XMR) Daily Price Forecast: November 5, 2018

XMR/USD Medium-term Trend: Bullish

Resistance levels: $117.50, $120, $122.50
Support levels: $100, $97.50, $95

The XMR/USD market has been very vigorously striving to recover from the previous major October 10 price decline. After a few variant levels of price ranging movements, the crypto surged northwards harder against the US dollar market valuation, yesterday to test the $113 price line.

Presently, the market line has been traded at the upper Bollinger Band location around the $112. Both the upper and lower Bollinger Bands are over the 50-day SMA’s trend-line. The Stochastic Oscillators have dipped into the overbought zone and, they have now crossed to briefly point south at range 75.

A convergence of candlesticks is now seemingly being formed between $112.50 and $110 price levels. That denotes that the crypto is losing momentum. Traders may wait for a decent reversal from a downward price movement to launch a long entry.

XMR/USD Short-term Trend: Ranging

There has been a witness of lower lows and lower highs in the XMR/USD market valuation today basically between the $112 and the $11o price lines. Yesterday, the market experienced an upsurge in its price movement from $105.50 to $113 or thereabouts.

The market point is currently maintained around the middle Bollinger Band fluctuating. The 50-day SMA is located below the Bollinger Bands. The Stochastic Oscillators have crossed to point south at range 50. At this point in time, a bearish market is most likely to be favored as long as the market does not break past the $114 resistance level to hold long above it.


Monero (XMR) Long-Term Price Forecast: Nov 4, 2018

XMR/USD Long-term Trend: Ranging

Supply zone: $120.00, $140.00, $160.00
Demand zone: $80.00, $60.00, $40.00

XMR long-term outlook remains in a range-bound market. The bears' dominance at $111.24 in the supply area since 24th October after the bearish railroad formation within the range was terminated on 30th October at $101.14 in the demand area setting the bulls up for a comeback.

The bulls had a progressive return after a nice rejection of the bears downward price movement. XMRUSD was up at $107.78 in the supply area above the 10-EMA on 2nd November. The formation of a spinning top after the opening at $106.79 in the supply area on 3rd November suggests the bears may have a brief return within the range.

The cryptocurrency is in consolidation and trading between $115.26 in the upper supply area and at $100.74 in the lower demand area of the range. Patience should be exercised during this period. A breakout at the upper supply area would be good for long position while a breakdown at the lower area would serve for short position with reversal candles formation as confirmation in either scenario.


Monero (XMR) Long-Term Price Forecast: Oct 29, 2018

XMR/USD Long-term Trend: Ranging

Supply zone: $120.00, $140.00, $160.00
Demand zone: $80.00, $60.00, $40.00

XMR long-term outlook remains in a range-bound market. The strong bullish pressure within the range started weakening at $112.35 in the supply area on 23rd October. The formation of bearish tweezer top confirmed the bears full take over.

The bearish momentum was sustained as XMRUSD made a low of $106.58 and $102.71 on 26th and 28th October respectively.

Price is below the two EMAs and the stochastic oscillator is in the oversold region at 18%. These suggest further downward price movement within the range as the bears' pressure becomes much stronger.

The cryptocurrency is in consolidation and trading between $115.26 in the upper supply area and at $100.74 in the lower demand area of the range. Patience should be exercised during this period. A breakout at the upper supply area would be good for long position while a breakdown at the lower area would serve for short position with reversal candles formation as confirmation in either scenario.


Monero (XMR) Daily Price Forecast: October 29, 2018

XMR/USD Medium-term Trend: Bearish

Resistance Levels: $112.50, $115, $117.50
Support Levels: $95, $92.50, $90

Monero has now been placed under a selling pressure in the market as the US dollar price worth has had a better offer. The market has been currently dropping to average the $97.50 support level as it did lately on October 11 and 15 trading days.

The crypto started its southwards correction movement after reaching around $104.15 high in the market today. The 50-day SMA is a bit located over the middle Bollinger Band as the lower Bollinger Band has been stretched and traded along with the price action presently. The Stochastic Oscillators have slightly crossed past range 40 to point south. That raises the suggestion that bearish market movement is still on-going. Traders are advised not to follow the current bearish move past the $97.50 level to escape a possibility of getting trapped

XMR/USD Short-term Trend: Bearish

XMR/USD was once been traded around the $102 low price level, yesterday, within the Bollinger Bands confinement. During the trading sessions, the crypto managed to spring northwards past the middle Bollinger Band with the 50-day SMA to encounter a resistance at around $104.35 as the upper Bollinger Band was as well only been slightly breached northward past.

At that point, today, the crypto faces several rejections and that has led to its current sudden decline to average towards the $99 price level. The stochastic Oscillators have touched range 25 to still point south. It shows that the bearish market is still on in the market. However, traders may either wait for the bears to get weakened at a further lower price point or watch out for a correction against the $101 level to enter a long position.


Monero (XMR) Daily Price Forecast: October 22, 2018

XMR/USD Medium-term Trend: Ranging

Resistance Levels: $122, $124, $126
Support Levels: $96, $92, $88

There has not been a definite difference from the price ranging movements manner that the XMR/USD market has witnessed over a week and a couple of days. On October 16, $106.50 price levels marked the recent high point that the crypto has obtained until now.

Around Oct. 18, the middle Bollinger Band was intercepted by the 50-day SMA from the top as price in the process managed to touch the lower Bollinger Band a bit below a $104 horizontal price level within the $108 and $100 ranges. Observantly, the Bollinger Bands and the 50-day SMA are all within the range-bound zone. The Stochastic Oscillators have crossed and moved towards range 40 to point south. That shows that lower lows are still likely to be experienced in the XMR/USD market. Traders may wait for a bearish reversal to enter a long position.

XMR/USD Short-term Trend: Ranging

Recently in the past few days, XMR/USD tried to move beyond the $106 market price value. But that price level has only turned out as a testing or a rejecting price point where the market has been making a notable reversal.

Yesterday, the market was ranging along with the upper Bollinger Band by majorly featuring lower highs as price averaged towards the $106 upper range. In the short-term run, the $106 and $102 are been observed as the range-bound zones.

Today, the market appeared showing a short bearish candlestick but, it eventually moved feebly northwards to touch the middle Bollinger Band. Presently, the market has been ranging between the middle and lower Bollinger Bands as the 50-day SMA is also located within them. The Stochastic oscillators have penetrated twice into the oversold zone to point north. This signifies that some ups may soon be experienced in the XMR/USD market. Traders may watch out for a decent buying entry within the $103 and $102 price levels.


Monero (XMR) Long-Term Price Forecast: Oct 21, 2018

XMR/USD Long-term Trend: Ranging

Supply zone: $120.00, $140.00, $160.00
Demand zone: $80.00, $60.00, $40.00

XMR long-term outlook remains in a range-bound market. The bullish pressure within the range remains strong as nullifying the downward movement after railroad formation of 14th October. With the bullish candle of 15th October XMRUSD was at $124.99 in the supply area, breaking the upper price area but shows exhaustion as the candle closes with a wick a sign of bears’ pressure.

The bearish railroad on 17th October further confirmed the bears' takeover with the cryptocurrency down to $104.70 in the demand area. The bears' pressure shows weakness as dojis were formed on 19th and 20th October which indicates a trend reversal.

The bulls may have returned to take XMRUSD to the upper supply area of the range should the daily candle of 21st October closes as bullish above the 10-EMA.

The cryptocurrency is in consolidation and trading between $120.00 in the upper supply area and at $103.80 in the lower demand area of the range. Patience should be exercised during this period. A breakout at the upper supply area would be good for long position while a breakdown at the lower area would serve for short position with reversal candles formation as confirmation in either scenario.


Monero (XMR) Daily Price Forecast: October 15, 2018

XMR/USD Medium-term Trend: Ranging

Resistance Levels: $115, $120, $125
Support Levels: $95, $90, $85

It’s necessary to recall that a major bearish trend occurred in the XMR/USD market price point last week on October 11 after a long chain of ranging movements. During the falling motion, the market was eventually testing briefly past below $100 price level.

Around $104 and $100 price territories, price has been ranging quite a while until now as the market is currently hovering within the bands. It has equally been observed that the crypto has once got pushed northwards past the indicators and the $108 resistance level briefly. It has now been reversed past $104 price level. The Stochastic Oscillators have crossed to point south a bit above range 20. This suggests that bears may take up the market direction soon.

XMR/USD Short-term Trend: Bullish

There were price ranging movements in the XMR/USD market throughout yesterday as being experienced in most of the last trading sessions. The range has been marked by $102.50 and $97.50 levels.

Price has earlier on been pushed northwards to test a resistance level around $108. As at now, it has been traded between the upper and the middle Bollinger Band with the 50-day SMA. The Stochastic Oscillators have crossed to point south around range 40. This signifies that bears are most likely to take over the market. There is a tendency that this crypto may be dragged further southward to test briefly past below $97.50 price level to possibly give room for a potential bullish market emergence.


Monero (XMR) Long-Term Price Forecast: Oct 13, 2018

XMR/USD Long-term Trend: Ranging

Supply zone: $120.00, $140.00, $160.00
Demand zone: $80.00, $60.00, $40.00

XMR long-term outlook remains in a range bound market. The strong bearish pressure dropped the cryptocurrency at $100.74 in the demand area on 11th October.

The large bearish engulfing candle broke the $103.80 in the lower demand area of the range as the daily candle closes as a marubozu. The implication is string bears pressure may continue.

The bear momentum to continue the downward push of coin was lost as seen from the next bullish reversal candle which signal the bulls are gradually coming back.

The formation of a bearish inverted pinbar confirms the bull return. Price is currently back in the range at $104.36. The bulls may continue the upward price movement in the long-term within the range.

The cryptocurrency is in consolidation and trading between $124.42 in the upper supply area and at $103.80 in the lower demand area of the range. Patience should be exercised during this period. A breakout at the upper supply area would be good for long position while a breakdown at the lower area would serve for short position with reversal candles formation as confirmation in either scenario.


Monero (XMR) Daily Price Forecast: October 8, 2018

XMR/USD Medium-term Trend: Ranging

Resistance Levels: $120.75, $122.75, $124.75
Support Levels: $111.,75 $1110.75, $1109.75

A notable Japanese bearish candlestick suddenly emerged during the trading sessions of the XMR/USD market yesterday. The candlestick signified a specific decline in the crypto’s market valuation between the middle Bollinger Band with the 50-day SMA and the lower Bollinger Band.

The crypto maintained its ranging movements by successively featuring lower highs between both the middle and the lower Bollinger Bands throughout yesterday. A few hours ago, the crypto was ranging below the middle Bollinger Band but, it has now been able to move northwards past it slightly within the range-bound zone of $117.75 and $111 levels. The Stochastic Oscillators have moved upward from range 20 to point north. This signifies that more ups can still be expected in the market of this crypto.

XMR/USD Short-term Trend: Bullish

The Market price value of Monero suffered a considerable amount of decline after witnessing a different of lower highs yesterday. The crypto began declining while it choppily moved northward to touch the upper Bollinger Band at around $115.25 price level downwards back to $111.55 price level.

A series of lower highs were witnessed during major trading hours yesterday before its runs-out. Today, both the middle Bollinger Band and the 50-day SMA are separated by a small gap as the latter has moved closer to the upper Bollinger Band. Price action has now been successfully breached northbound past both the 50-day SMA and the upper Bollinger Band. The Stochastic Oscillators have briefly touched into the overbought zone. This could either mean a buying activities continuation or, an expectation of upward price correction to take place very soon in the market of this crypto.


Monero (XMR) Long-Term Price Forecast: Oct 7, 2018

XMR/USD Long-term Trend: Ranging

Supply zone: $120.00, $140.00, $160.00
Demand zone: $80.00, $60.00, $40.00

XMR long-term outlook remains in a range bound market. The bullish candle at $114.42 that started last week trading session manage a push of the cryptocurrency to $120.61 in the supply area within the range before the bears gradually staged a comeback.

The bearish pressure dropped XMR to $111.00 in the demand area below the two EMAs on 3rd October. Exhaustion to bearish momentum was seen as the candle close with a wick.

The two EMAs are clustered together and not separated with price hovering around them. An indication that XMR is ranging.

The cryptocurrency is in consolidation and trading between $124.42 in the upper supply area and at $103.80 in the lower demand area of the range. Patience should be exercised during this period. A breakout at the upper supply area would be good for long position while a breakdown at the lower area would serve for short position.


Monero (XMR) Daily Price Forecast: October 1, 2018

XMR/USD Medium-term Trend: Ranging

Resistance Levels: $122.50, $124.50, $126.50
Support Levels: $170.50, $168.50, $166.50

XMR/USD market price line saw a significant spike within the middle Bollinger Band and lower Bollinger Band marked at $117.50 and $111.50 price levels. Today, the crypto made another notable spike that only eventually pushed the market price line northwards to touch the 50-day SMA from below.

Shortly, the crypto got pulled back below the middle Bollinger Band. The Stochastic Oscillators have crossed to point south. It shows that bearish probability is high in the XMR/USD market trading stance as at now. Nevertheless, traders are advised to wait for a decent reversal against the $112.25 level to come for a bullish market.

XMR/USD Short-term Trend: Bullish

In the short term, the XMR/USD market valuation has been using the price level at $113.25 as its strong foundation for making a rebound. Initially, as at today, a Japanese bullish candlestick emerged as both the 50-day SMA and Bollinger Band were breached northwards to touch the upper Bollinger Band from below.

The crypto made a correction after touching it to test $113.25 price level. The crypto has now pulled up to push harder against both the middle Bollinger Band and the 50-day SMA from below. The Stochastic Oscillators have crossed to point north from the overbought region. This denotes that upward trading positions are likely to be favored most.


Monero (XMR) Long-Term Price Forecast: Sept 29, 2018

XMR/USD Long-term Trend: Ranging

Supply zone: $120.00, $140.00, $160.00
Demand zone: $80.00, $60.00, $40.00

XMR long-term outlook is in a range bound market. The failure of the bulls to sustained the momentum at $128.65 in the supply area led to the bears returned. Long-tailed doji formation followed by a large bearish engulfing on 24th September dropped XMR at $110.85. in the demand area.

The bears come back after the bullish pullback at $122.14 in the supply area pushed the coin further down to $107.80 in the demand area as XMR ranges.

The cryptocurrency is in consolidation and trading between $132.02 in the upper supply area and at $103.80 in the lower demand area of the range. Patience should be exercised during this period. A breakout at the upper supply area would imply long or breakdown at the lower area would mean short position.


Monero (XMR) Long-Term Price Forecast: Sept 24, 2018

XMR/USD Long-term Trend: Bullish

Supply zone: $120.00, $140.00, $160.00
Demand zone: $80.00, $60.00, $40.00

XMR long-term outlook is in a bullish trend. The strong bullish pressure pushed the price of XMR to $126.18 in the supply area, higher than last week close of $122.60.

Price remains above the two EMAs crossover coupled with the stochastic oscillator in the overbought region.at 89% Its signal points up. These imply an upward price movement due to the bulls pressure in the long-term as more candles formed and closed above the crossover.

The double bottom formation shows that XMR remains bullish and price may head towards $140.00 in the supply area in this new week.


Monero (XMR) Long-Term Price Forecast: Sept 15, 2018

XMR/USD Long-term Trend: Bullish

Supply zone: $120.00, $140.00, $160.00
Demand zone: $80.00, $60.00, $40.00

XMR long-term outlook is in a bullish trend. The strong bearish pressure from $142.71 in the supply area lost momentum at $100.01 in the demand area on 9th September.

The formation of a bearish pinbar on 12th September was an indication of trend reversal with the bull gradually returning. Price broke through the critical zone finally on 13th September with a large bullish candle and the cryptocurrency was up to $116.88 in the supply area.

Price is above the two EMAs crossover, with XMR making a high $122.16 of and the stochastic oscillator in the oversold region. Its signal is pointing up which imply upward price movement on a long-term as the bullish pressure becomes strong in the coming days.
XMR long-term outlook is in a bullish trend.


Monero (XMR) Long-Term Price Forecast: Sept 8, 2018

XMR/USD Long-term Trend: Bearish

Supply zone: $120.00, $140.00, $160.00
Demand zone: $80.00, $60.00, $40.00

XMR long-term outlook is a bearish trend. The strong bearish pressure from $142.71 in the supply area dropped the coin at $107.97 in the demand area below the two EMA and right on $108.33 in the critical area.

He cryptocurrency rose to $119.87 in the supply area after a minor bullish comeback which was quickly lost as the bear set in. The bears resume the downward journey with a break of the critical area on 8th September with the coin at a low of $101.00

Price is below the two EMAs crossover which is a reflection of the strong bearish pressure. The stochastic oscillator is at 44% and it signals points down which implies a downward movement in price of the cryptocurrency.

$90.00 in the demand area maybe the bear's first target, if this happens the bears may take the cryptocurrency down the floor at $76.00.


Monero (XMR) Daily Price Forecast: August 31, 2018

XMR/USD Medium-term Trend: Bullish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $60.00, $50.00, $40.00

XMR resumes in the bullish trend in the medium-term outlook. Rejection to further downward price movement occurred with a bullish doji at the 61.8 fib level as predicted in yesterday price forecast.

A large bullish engulfing candle further confirms the bulls return with price up to $103.70 in the supply area before the close of yesterday market. The bullish 4-hour opening candle at $103.26 drove the coin to $106.35 in the supply area as the market opens.

Price is at the 23.6 fib level a trend continuation zone with the stochastic oscillator at 46% and its signal points up. These imply we may see an upward movement in the cryptocurrency price as the bullish pressure becomes strong in the medium-term. $112.00 may be attained in the medium term as the bulls continue the journey.

XMR/USD Short-term Trend: Bullish

The cryptocurrency continues in its bullish trend in the short-term outlook. The bulls return at the critical demand zone at $97.45 as predicted yesterday due to the morning start candle formation.

The cryptocurrency was up $103.27 in the supply area before the close of yesterday market. Price is above the two EMAs crossover and currently at $106.50 in the supply area.

The stochastic oscillator is in the overbought region at with an undefined signal.
XMR may retest $110.00 as the bullish momentum increases in the short-term.


Monero (XMR) Daily Price Forecast: August 30, 2018

XMR/USD Medium-term Trend: Bullish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $60.00, $50.00, $40.00

XMR remains in a bullish trend in the medium-term outlook. The strong bearish pressure pushed the cryptocurrency from $108.88 in the supply area to $97.00 in the demand area. This is the 61.8 fib level which is the trend reversal zone.

The bullish comeback is most probably at this level and confirmation to this will be a bullish candle to reject the long bearish candle at this level. Traders should look for bullish candle reversal to confirm the uptrend continuation.

$112.00 may be attained in the medium term as the bulls continue the journey.

XMR/USD Short-term Trend: Bullish

The cryptocurrency is at a critical zone after a strong bearish pressure that dropped the coin initially at $100.59 in the demand area before the close of yesterday market.

The bullish momentum led to a rise in price to $106.40 in the supply area earlier today but a rejection of upward movement occurred as the bears returned.

Price was down to $97.00 in the critical zone. The formation of a bullish morning star is an indication of the bulls return. Price may be heading up north in the short-term outlook.


Monero (XMR) Daily Price Forecast: August 29, 2018

XMR/USD Medium-term Trend: Bullish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $60.00, $50.00, $40.00

XMR remains in a bullish trend in the medium-term outlook. The cryptocurrency rose to $108.22 in the upper supply area before close of market yesterday. The bearish pressure for a downward price movement was rejected as the bullish railroad sustained the bullish momentum.

XMR rose to $108.88 in the supply area earlier today. Price is above the two EMAs crossover and they are fanned apart. This implies strength in the context of the trend in this case the uptrend.

A minor pullback may occur due to the bears' pressure but should signal uptrend continuation. $112.00 may be attained in the medium term as the bulls continue the journey.

XMR/USD Short-term Trend: Bullish

The cryptocurrency continued in its bullish trend in the short-term outlook. Price was up $108.22 in the supply area before the close of yesterday market. The 1-hour opening was bullish doji followed by a bullish candle and price was up at $108.88 in the supply area.

Price is forming higher highs and higher lows that rea peculiar to uptrend market. The bulls still in charge and new high may be attained as the bullish momentum return after the bears' pullback.


Monero (XMR) Daily Price Forecast: August 28, 2018

XMR/USD Medium-term Trend: Bullish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $60.00, $50.00, $40.00

XMR is in bullish trend in the medium-term outlook. $100.00 at the upper supply area of yesterday range was nicely broken by the bulls as they establish supremacy over the bears.

Price was further up to $106.46 in the supply area before the close of yesterday market.
Price was up $106.99 in the supply area as the bullish momentum increased.

A pullback to retest the broken upper supply area may occur as the bears stage a come but this is necessary for the market correction before uptrend continuation.

Price is above the EMAs crossover with the stochastic oscillator at 64%. These imply upward movement in price of the cryptocurrency within the rage. $112.00 may be attained in the medium term as the bulls continue the journey north.

XMR/USD Short-term Trend: Bullish

The cryptocurrency continued in its bullish trend in the short-term outlook. Price was up $106.46 in the supply area before the close of yesterday market.

The 1-hour opening though bearish at $105.12, the bullish momentum continues and the cryptocurrency was up $106.99 in the supply area.

Minor pullback may occur but this is should be seen as a correction necessary for upward price continuation.


Monero (XMR) Daily Price Forecast: August 27, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $200.00, $210.00, $220.00
Demand zones: $60.00, $50.00, $40.00

XMR continues in the range in the medium-term outlook. $97.30 in the supply area was the price the coin got to over the weekend before dropping. The bearish pressure dropped the cryptocurrency to $90.11 in the demand area.

The bullish pressure retuned after the formation of bullish engulfing candle.  The coin up to $97.75 in the supply area as the consolidation continues.

Price is above the EMAs crossover with the stochastic oscillator at 64%. These imply upward movement in price of the cryptocurrency within the range.

XMR continues ranging and trading between $100.00 in the upper supply area and at $80.81 in the lower demand area of the range. Patience should be adopted as the coin ranges to allow for a breakout or breakdown before taking a position.

XMR/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in the short-term outlook. The strong bullish pressure led to the break of $94.69 in the upper supply area of 24th August price forecast.

The coin went further to $97.75 in the supply area. Price is above the two EMAs with the 10-day EMA as a strong support for upward price movement. $98.50in the upper supply area may be the bulls target in the short-term.


Monero (XMR) Daily Price Forecast: August 24, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $200.00, $210.00, $220.00
Demand zones: $60.00, $50.00, $40.00

XMR continues in the range in the medium-term outlook. The sideways market continues as bullish pressure managed a push of price to $91.56 in the supply area and lost momentum with an inverted bearish pinbar formation.

The bears gradually returned due to bearish railroad formation with the 4-hour opening candle at $88.97. Price is currently at $88.34 in the demand area with room for further downward movement within the range.

The stochastic oscillator is in the oversold region at 15% and its signal parallel to a reflection of the consolidation scenario.

XMR continues ranging and trading between $100.00 in the upper supply area and at $80.81 in the lower demand area of the range. Patience should be adopted as the coin ranges to allow for a breakout or breakdown before taking a position.

XMR/USD Short-term Trend: Ranging

The cryptocurrency returns to the range in the short-term outlook. The bears' momentum loss could not push the cryptocurrency pass $88.34 in the demand area as the coin enters consolidation.
The stochastic oscillator is in the oversold region at 7% with signal parallel which reflects of the ranging scenario.

The cryptocurrency is in consolidation and trading between $94.69 in the upper supply area and at $87.63 in the lower demand area of the range. Traders should be patient for a breakout or break to happen before flowing along.


Monero (XMR) Daily Price Forecast: August 23, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $200.00, $210.00, $220.00
Demand zones: $60.00, $50.00, $40.00

XMR remains in the range in the medium-term outlook. $87.33 in the demand area was the limit the bears' pressure dropped the cryptocurrency before the close of yesterday market.

The bulls had a minor push of the cryptocurrency to $90.90 in the supply area after opening with a close of the candle as a doji.

The stochastic oscillator is in the oversold region at 16% and its signal parallel to a reflection of the consolidation scenario.

XMR continues ranging and trading between $100.00 in the upper supply area and at $80.81 in the lower demand area of the range. Patience should be adopted as the coin ranges to allow for a breakout or breakdown before taking a position.

XMR/USD Short-term Trend: Bearish

The cryptocurrency continues in a bearish trend n the short-term outlook. The increased bears' momentum further dropped the cryptocurrency down to $87.38 in the demand area. The bulls had a minor push to $90.90 in the supply area but further upward movement was rejected at the 10-day EMA.

Price is forming lower highs and lower lows that are bearish market characteristics. As the bearish momentum increases the cryptocurrency may make a new low in the short-term outlook.


Monero (XMR) Daily Price Forecast: August 22, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $200.00, $210.00, $220.00
Demand zones: $60.00, $50.00, $40.00

XMR remains in the range in the medium-term outlook. $98.79 in the supply area was the limit of the bullish pressure lift the cryptocurrency price before it became weak and the bears returned.

The formation of the railroad further increases the bears' momentum as price was down to $90.41 in the demand area.

The stochastic oscillator is in the oversold region at 19% and it signal points down which imply downward momentum in price within the range.

XMR continues ranging and trading between $100.00 in the upper supply area and at $80.81 in the lower demand area of the range. Patience should be adopted as the coin ranges to allow for a breakout or breakdown before taking a position.

XMR/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend n the short-term outlook. The bulls had a minor push of price to $98.79 in the supply area after the opening of today market but it was short-lived. The bears' return was sustained over time with the cryptocurrency currently at $90.41 in the demand area.

Price is below the two EMAs crossover with the stochastic oscillator in the oversold at and signal points down. The implication is downward momentum in price as bearish pressure is sustained in the short-term.


Monero (XMR) Daily Price Forecast: August 21, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $200.00, $210.00, $220.00
Demand zones: $60.00, $50.00, $40.00

XMR continues in the range in the medium-term outlook. The strong bearish pressure pushed price from $102.60 in the supply area down to $92.30 in the demand area within the range before the close of yesterday market.

The 4-hour opening candle was bullish at $92.37 and price was pushed up to $95.99 in the supply area. The formation of three bullish solder candles connote the bears' strong presence within the range

XMR is ranging and trading between $100.00 in the upper supply area and at $80.81 in the lower demand area of the range. Patience will be a good strategy to adopt as the coin ranges to allow for a breakout or breakdown before taking a position

XMR/USD Short-term Trend: Ranging

The cryptocurrency is still ranging in the short-term outlook. $92.30 in the demand area was the point the bearish pressure pushed the coin to before closing of yesterday market.

The bullish 1-hour opening candle $92.37 pushed price to $95.99 within the range and below the 50-EMA.

The cryptocurrency is in consolidation and trading between $99.33 in the upper supply area and at $88.91 in the lower demand area of the range. Patience will be a good strategy to adopt as the coin ranges to allow for a breakout or breakdown before taking a position.


Monero (XMR) Daily Price Forecast: August 20, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $200.00, $210.00, $220.00
Demand zones: $60.00, $50.00, $40.00

XMR returns in the range in the medium-term outlook. The bullish pressure from 18th August was sustained until the cryptocurrency was up $109.20 in the supply area.

Momentum was lost as the coin enters into consolidation with the bears pushing price down to $94.32. Despite the bullish opening 4-hour candle at $98.53 the bears still continue the push of the coin down south.

XMR is ranging and trading between $100.00 in the upper supply area and at $80.81 in the lower demand area of the range. Patience will be a good strategy to adopt as the coin ranges to allow for a breakout or breakdown before taking a position

XMR/USD Short-term Trend: Ranging

The cryptocurrency is ranging in the short-term outlook. The bullish run from $79.93 demand area was lost at $109.22 in the supply area after bearish long-tailed formation.

$94.83 in the demand area was the point the bears could manage to drop the cryptocurrency as it enters into consolidation with the stochastic oscillator at 29% and it signals parallel.

The cryptocurrency is ranging and trading between $99.33 in the upper supply area and at $88.91 in the lower demand area of the range. Patience will be a good strategy to adopt as the coin ranges to allow for a breakout or breakdown before taking a position.


Monero (XMR) Daily Price Forecast: August 17, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $200.00, $210.00, $220.00
Demand zones: $60.00, $50.00, $40.00

XMR continues in the range in its the medium-term outlook. The bears had a brief control as price was down to $85.59 in the demand area and lost momentum. The bulls gradually gathered momentum and push the coin backup in the supply area at $93.08.

The 4-hour opening candle at $91.15 was bullish and the coin is currently up at $95.51 in the supply area within the range

XMR is still ranging and trading between $100.00 in the upper supply area and at $78.00 in the lower demand area of the range. Patience will be a good strategy to adopt as the coin ranges to allow for a breakout at the upper supply area to go long or breakdown at the lower demand area to go short.

XMR/USD Short-term Trend: Ranging

The cryptocurrency is in a bearish in the short-term outlook. The bearish pressure could only push price down to$89.06 in the demand area after the head and shoulder pattern formed yesterday.

Today’s opening 1-hour candle at $91.55 is a bullish and price was up $95.44 in the supply area.

The cryptocurrency is consolidating and trading between $960.10 in the upper supply area and at $85.60 in the lower demand area of the range. Traders should be patient for a breakout or breakdown before taking a position.


Monero (XMR) Daily Price Forecast: August 16, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $200.00, $210.00, $220.00
Demand zones: $60.00, $50.00, $40.00

XMR is ranging in it the medium-term outlook. The bullish pressure was sustained and price was pushed up $94.18 in the supply area before the end of yesterday trading.

The 4-hour opening candle was bullish at $89.09 and price was back up at $92.71 in the supply area and price was up $91.45 in the supply area.

XMR is ranging and trading between $100.00 in the upper supply area and at $78.00 in the lower demand area of the range. Patience will be a good strategy to adopt as the coin ranges to allow for a breakout or breakdown before taking a position

XMR/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish in the short-term outlook. The bulls had a nice run yesterday as the cryptocurrency was up $94.18 in the supply area. The bears returned and dropped the coin at $88.62 in the demand area before the close of yesterday market.

The 1-hour opening candle was bullish at $89.09 and price was up to $92.71 in the supply area. The head and shoulder pattern formation is seen as a large bearish engulfing candle completes the right shoulder for possible bears come back. And price journey down south will continue.


Monero (XMR) Daily Price Forecast: August 15, 2018

XMR/USD Medium-term Trend: Bearish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $60.00, $50.00, $40.00

XMR remains in a bearish trend in the medium-term outlook. The temporal lost in momentum at $79.93 in the demand area due to the formation of a bearish doji a reversal candlestick pattern returns the bulls.

Price was up $84.21 in the supply area as the market rally to a close yesterday this was at the 23.6 fib level.

The 4-hour opening candle was bullish and price was up 91.45 in the supply area. This was the 38.2 fib level.
The bullish momentum should be seen as pullback necessary for the market correction before downtrend continuation which may occur at the 38.2 or 50.0 fib level. Traders should watch out for bearish candle reversal pattern to enjoy the downward journey

XMR/USD Short-term Trend: Bearish

The cryptocurrency is still in a bearish in the short-term outlook. The bears lost momentum at $79.43 in the demand area. The bulls stage a comeback with a large engulfing candles and price was up $84.21 in the supply area before the close of market yesterday.

The 1 hour opening candle was bullish and price was up to $91.51 in the supply area. The formation of a double top returned the bears and price was down to $86.77 in the demand area.

The downward trendline acted as a strong resistance against upward price movement as each touch result in a bounce.

The stochastic oscillator is in the overbought region at 69% and it signal points down which implies downward price movement of the cryptocurrency.


Monero (XMR) Daily Price Forecast: August 14, 2018

XMR/USD Medium-term Trend: Bearish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $60.00, $50.00, $40.00

XMR is in a bearish trend in the medium-term outlook. The strong bearish pressure was sustained as the lower demand area was broken at $87.00. Price went further down to $76.07 in the demand area as the 4-hour opening candle was bearish.

The cryptocurrency was around this demand area on 2nd November 2017. Price is still below the two EMAs and the EMAs are fanned apart which reflect strength in the context of the downtrend.

The stochastic oscillator is at 37% and its signal is down. This implies downward momentum in price of the cryptocurrency.

The bull my stage a minor comeback but this should be seen as a pullback necessary for the market correction before downtrend continuation.

XMR/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish in the short-term outlook. The bears remain is control as their increased momentum led to the break of $90.83 in the lower demand area of yesterday analysis.

The cryptocurrency was further down to $87.49 in the demand area as bearish railroad formation increase the bears’ momentum before the close of yesterday market. The 1-hour opening candle was bearish and price was down to $76.07 in the demand area. The formation of a bullish pinbar return the bulls and price was up to $85.91 in the supply area.

The bulls may lose momentum at the 38.2 fib level or they may gather enough momentum and push price to the 50.0 fib level, a trend reversal zone. The bears may then stage a strong comeback and continue the journey south.


Monero (XMR) Daily Price Forecast: August 13, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $200.00, $210.00, $220.00
Demand zones: $70.00, $60.00, $50.00

XMR continues in the range in the medium-term outlook. The strong bearish pressure broke the lower demand range of price forecast of 10th August. The cryptocurrency went further down to $87.02 in the demand area.
Exhaustion due to momentum loss with wicks formation in the candles confirms the rejection of further downward price movement. Thus the bulls return.

The formation of large bullish engulfing candle push to $97.96 in the supply area price above the 10-day EMA.

The stochastic oscillator is 77% and its signal is up. This implies an upward price movement within the range.

XMR is ranging and trading between $101.97 in the upper supply area and at $87.00 in the lower demand area of the range. Traders should be cautious as the coin ranges and look out for a breakout at the upper range or a breakdown at the lower range before taking a position.

XMR/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in the short-term outlook. The strong bearish pressure pushed down to $87.02 in the demands area and lost momentum. The formation of bullish spinning top a reversal candlestick pattern return the bulls.

The 1-hour opening candle was bullish at $93.62 above the 10-day EMA with price up to $97.96 in the supply area.

The coin is ranging and trading between $98.96 in the upper supply area and at $90.83 in the lower demand area of the range. Traders should wait for either a breakout at the upper range for a long or a breakdown at the lower range for a sell position coupled with candlestick pattern as extra confirmation.


Monero (XMR) Daily Price Forecast: August 10, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $200.00, $210.00, $220.00
Demand zones: $70.00, $60.00, $50.00

XMR continues in the range in the medium-term outlook. The formation of dojis and bullish candles are indications that the bullish pressure within the range may be seen in the medium-term.

The cryptocurrency was up at $102.37 in the demand area and lost momentum. The bears made a return and push the coin down to $96.59 in the demand area.

The stochastic oscillator is in the oversold region at 24 % and its signal points up which means upward momentum in price of the cryptocurrency as the bulls momentum increases in the range.

XMR is ranging and trading between $104.75 in the upper supply area and at $92.90 in the lower demand area of the range. Traders should be cautious as the coin ranges and look out for a breakout at the upper range or a breakdown at the lower range before taking a position.

XMR/USD Short-term Trend: Ranging

The cryptocurrency remains in consolidation in the short-term outlook. The bullish pressure was sustained and price was up $103.27 in the supply area. Further upward movement in price was rejected around the 50-day EMA as you can see.

The bearish momentum was increased and the cryptocurrency was down to $96.58 in the demand area below the 10-day EMA despite a bullish 1-hour opening candle.

The coin is still ranging and trading between $102.25.13 in the upper supply area and at $93.66 in the lower demand area of the range. Traders should remain calm and wait for either a breakout at the upper range for a long or a breakdown at the lower range for a sell position.


Monero (XMR) Daily Price Forecast: August 9, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $200.00, $210.00, $220.00
Demand zones: $70.00, $60.00, $50.00

XMR is in a range in the medium-term outlook. The bearish pressure pushed the cryptocurrency down to $92.92 in the demand area below the 10-day EMA. Further consequences of the SEC decision to postpone its decision on several bitcoin ETFs.

The bulls managed to stage a comeback after the opening of the day market. The 4-hour opening candle was a large bullish candle and price was up $101.41 in the supply area. Further price upward movement was rejected due to the formation of bearish inverted hammer and doji.

XMR is ranging and trading between $104.75 in the upper supply area and at $92.90 in the lower demand area of the range. Traders should be cautious as the coin ranges and look out for a breakout at the upper range or a breakdown at the lower range before taking a position.

The stochastic oscillator is in the oversold region at 18 % and its signal is undefined. This implies a ranging scenario.

XMR/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in the short-term outlook. The bullish pressure resumes and pushes price up to $101.41 in the supply area after price was down to $92.92 in the demand area due to the bears' pressure.

The bears returned after the formation of a bearish inverted hammer and drop the cryptocurrency at 94.31 in the demand area before losing momentum.

The coin is ranging and trading between $102.25.13 in the upper supply area and at $93.66 in the lower demand area of the range. Traders should be calm and wait for either a breakout at the upper range for a long or a breakdown at the lower range for a sell position.


Monero (XMR) Daily Price Forecast: August 8, 2018

XMR/USD Medium-term Trend: Bearish

Supply zones: $180.00, $190.00, $200.00
Demand zones: $70.00, $60.00, $50.00

XMR continues in the bearish trend in the medium-term outlook. The bullish pressure that pushed price to $118.02 in the supply area above the 10-day EMA gradually fade as bears returned.

The strong bearish pressure pushed price down to $107.09 in the demand area below the 10-day EMA before the close of yesterday market. The opening 4hour candle was a bearish and price was further pushed down to $100.10 in the demand area.

The stochastic oscillator is in the oversold region at 10 % and its signal points down which implies downward momentum in the cryptocurrency price in the medium-term as the as the bears' pressure becomes much stronger.

XMR/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in the short-term outlook. The bears' pressure became much stronger and this led the break of $111.89 in the lower range of yesterday analysis.

The cryptocurrency made a low of $107.09 before the close of yesterday market. The 1hour opening candle of the day is bearish and this further push the cryptocurrency down to $100.10 in the demand area.

The stochastic oscillator is in the oversold region at 18 %. Its signal points down which implies downward momentum in price of the coin in the short-term.


Monero (XMR) Daily Price Forecast: August 7, 2018

XMR/USD Medium-term Trend: Bearish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $90.00, $80.00, $70.00

XMR continues in the bearish trend in the medium-term outlook. The strong bearish pressure was sustained and the cryptocurrency was down to $113.01 in the demand area before the close of yesterday market.

The opening 4hour candle was a bullish pinbar and expectedly the bullish momentum to set in but this was rejected at the 10-day EMA acting as a strong resistance to upward price movement.

The stochastic oscillator is in the oversold region at 27 % and its signal points down which implies downward momentum in price of the cryptocurrency may occur as the bears' pressure becomes much stronger in the medium-term.

XMR/USD Short-term Trend: Ranging

The cryptocurrency continues in the range in the short-term outlook. The bears' pressure in the range pushed price to $111.87 in the demand area.

The bearish spinning top was a signal to the bulls return and price was pushed up $115.02 in the supply area before lost in momentum leading to bears returned after the bearish railway track and price was down to $112.54.

The morning star formation at this demand area means bulls are back and upward price movement within the range may occur in the short-term.

The cryptocurrency is in consolidation and trading between $117.43 in the supply area of the upper range and at $111.89 in the demand area of the lower price range. A good range strategy to take profit within the upper and lower channel may be considered while cautiously waiting for a breakout or breakdown.


Monero (XMR) Daily Price Forecast: August 6, 2018

XMR/USD Medium-term Trend: Bearish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $90.00, $80.00, $70.00

XMR continues in the bearish trend in the medium-term outlook. The strong bearish pressure was stepped up during the weekend as the cryptocurrency was down to $111.39 in the demand area a few pips away from the predicted $109.31.

The formation of bullish spinning top a reversal candlestick pattern as the week begins is a sign that the bulls may return. Pullback due to bullish momentum may occur but this should be seen as a market correction for downtrend continuation.

Price was above the 10-day EMA and was rejected for upward movement at the 23.6 fib. The 38.2 fib level may be tested in the medium as the bulls increase their momentum before possible bears returned.

The stochastic oscillator is at 59 percent and its signal up which implies upward momentum in price of the cryptocurrency.

XMR/USD Short-term Trend: Ranging

The cryptocurrency is ranging in the short-term outlook. The bears dropped the cryptocurrency at $111.39 in the demand area and lost momentum. The bulls returned and pushed price initially to $116.59 in the supply area before a minor pullback due to the bears' brief pressure.

The bulls returned at $113.21 in the demand area and pushed price above the two EMAs crossover with price up to $120.04 in the supply area.

The cryptocurrency is in consolidation and trading between $121.22 in the supply area of the upper range and at $111.45 the demand area of the lower price range. A breakout to the upside or a break down at the lower range will occur traders should be patient and allow this to occur before taking a position.


Monero (XMR) Daily Price Forecast: August 3, 2018

XMR/USD Medium-term Trend: Bearish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $90.00, $80.00, $70.00

XMR continues in the bearish trend in the medium-term outlook. The strong bearish pressure was sustained after the formation of the marubozu candle and broke the predicted $115.60 of yesterday analysis.

Price went further down to $14.47 in the demand area. It is below the two EMAs and the EMAs are fanned apart which implies strength in the context of the trend and in this case the downtrend.

The stochastic oscillator is at 7 percent and its signal is pointing down which implies further downward momentum in price of the cryptocurrency.

As the bearish momentum increases and more candles open and closed below the two EMAs, $109.31 in the demand area may be retested the fourth times by the bears in the medium term.

XMR/USD Short-term Trend: Bearish

The cryptocurrency continues in a bearish trend in the short-term outlook. The bears increased their momentum and took the coin to a new low of $120.08 in the demand area before yesterday close of market.

The 1hour opening candle was bearish and the increased bears' momentum took the cryptocurrency further down to $114.47 in the demand area.

The cryptocurrency opening price was $121.09 compare to yesterday opening at $121.73 which implies more sellers presence to further take the coin down south.

The stochastic oscillator is at 12 percent and its signal is pointing up which implies minor upward momentum in price due to the bulls' pressure may occur as a bullish hammer is seen formed at the demand area.

The overall outlook still favors the bears as the 10-day EMA acts as a strong resistance against upward price movement.


Monero (XMR) Daily Price Forecast: August 2, 2018

XMR/USD Medium-term Trend: Bearish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $90.00, $80.00, $70.00

XMR continues in a bearish trend in the medium-term outlook. After dropping the cryptocurrency at $119.40 in the demand area, the bears lost momentum. The formation of a spinning top coupled with a bullish candle returned the bulls.

The bullish momentum was up as price was up $130.68 in the supply area. The bulls could not sustain the momentum as a bullish spinning candle a reversal pattern was formed at this area.

With the Fibonacci retracement tool, it will be seen that the supply area was the 50.0 fib level a trend reversal zone. The bears returned with a full bearish marubozu candle. This implies strong bearish pressure.

The stochastic oscillator is at 52 percent and its signal is pointing down which implies downward momentum in price of the cryptocurrency. As the bearish momentum increases and more candles open and closed below the two EMAs, $115.60 may be the bears' target in the medium term.

XMR/USD Short-term Trend: Bearish

The cryptocurrency continues in a bearish trend in the short-term outlook. The bears returned the coin back to $121.44 in the demand area from $130.27 in the supply area before the close of yesterday market.

The formation of a bullish engulfing candle after market opening pushed up price to $130.68 in the supply area above the EMAs crossover.

The bear stage a comeback after the formation of a bearish railway track at the supply area. Price below the two EMAs initially at at124.22 in the demand area.

The stochastic oscillator is at 56 percent and its signal is pointing down which implies downward momentum in price due to the bears' pressure. As more candles formed and closed below the two EMAs the journey south continues.


Monero (XMR) Daily Price Forecast: July 31, 2018

XMR/USD Medium-term Trend: Bearish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $90.00, $80.00, $70.00

XMR continues in a bearish trend in the medium-term outlook. The strong bearish pressure was sustained as the target of $129.87 in the demand area predicted in yesterday analysis was attained.

Price was further down to $128.41 in the demand area below the two EMAs crossover.
The stochastic oscillator is in the oversold region at 27 percent and its signal is pointing down which implies downward momentum in price of the cryptocurrency.

The formation of bearish candles below the two EMAs may continue in the medium-term with $127.24 in the demand area as the next bears' target as momentum becomes high.

XMR/USD Short-term Trend: Bearish

The cryptocurrency continues in a bearish trend in the short-term outlook. The presence of more sellers as analysed yesterday further pushed price further down to $128.41 in the demand area before closed of yesterday market.

The formation of a bullish hammer returned the bulls whose momentum got the cryptocurrency up to 134.55 in the supply area. This resulted in the double formation a reversal pattern and the bears returned and pushed price initially to $131.34 below the EMAs.

The stochastic oscillator is at 38 percent and its signal is pointing down which implies downward momentum in price due to the bears' pressure. As more candles formed and closed below the two EMAs the journey south continues.


Monero (XMR) Daily Price Forecast: July 30, 2018

XMR/USD Medium-term Trend: Bearish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $90.00, $80.00, $70.00

XMR is in a bearish trend in the medium-term outlook. The bearish pressure was strong resulting in the break of $138.48 critical zone. A retest was made and then the downward price continuation.

Price was down to $133.60 in the demand area below the two EMAs crossover. A reflection of the bears' pressure.

The stochastic oscillator is in the oversold region at 10 percent and its signal is pointing down which implies downward momentum in price of the cryptocurrency.

The formation of bearish candles below the two EMAs may continue in the medium-term with $129.87 in the demand area as the bears' target as momentum becomes high.

XMR/USD Short-term Trend: Bearish

The cryptocurrency is in bearish trend in the short-term outlook. The strong bearish pressure broke the lower price range of $136.69 in the demand area of 27th July analysis. This brought the coin down to $133.60 in the demand area.

The daily opening candle was bearish at $135.02 compared to yesterday opening of $139.42. This implies more sellers presence to further push the price of the cryptocurrency down.

Price is below the two EMAs crossover and it is forming lower highs and lower lows. This is peculiar with the bearish market. Also, rejection of upward price movement is seen at the 10-day EMA.

The stochastic oscillator is in the oversold region at 16 percent and its signal is pointing down which implies downward momentum in price due to the bears' pressure.


Monero (XMR) Daily Price Forecast: July 27, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $200.00, $210.00, $220.00
Demand zones: $90.00, $80.00, $70.00

XMR is ranging in the medium-term outlook. The bearish pressure was strong as price was pushed down to $135.58 in the demand area. The two EMAs were broken and price was below it which is a reflection of the bears' pressure.

The stochastic oscillator is in the oversold region at 9 percent and its signal is pointing down which implies downward price movement.

XMR enters into consolidation and is trading between $142.63 in the supply area of the upper price range and at $132.35 in the demand area of the lower price range. Traders should be cautious during this consolidation as a breakout from the upper price range or a breakdown at the lower price range will certainly occur.

XMR/USD Short-term Trend: Ranging

The cryptocurrency continues ranging in the short-term outlook. The bears succeeded in pushing price down to $139.94 in the demand area before yesterday close of market.

The daily opening candle was bearish at $140.10 and with increased momentum, the lower range of yesterday range at $136.69 was broken and was further down to $135.36 in the demand area below the two EMAs crossover.

The formation of a bullish hammer retuned the bulls and price was pushed back into the range with price up $137.75 in the supply area.

The cryptocurrency is back in consolidation and trading between $145.47 in the supply area of the upper price range and $136.69 in the demand area of the lower price range. Traders should patiently wait for a breakout at the upper range or a breakdown at the lower range with good candlesticks pattern as confirmation before taking a position in the market.


Monero (XMR) Daily Price Forecast: July 26, 2018

XMR/USD Medium-term Trend: Bullish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $90.00, $80.00, $70.00

XMR continues in a bullish trend in the medium-term outlook. The bearish pressure was strong as price was pushed from $148.87 in the supply area further down to $138.28 in the demand area. This is below the 10-day EMA beyond the 38.2 fibo level to the 50.0 level as you can see from the chat.

The bears' momentum was lost at this demand area and the bulls gradually build up momentum.

The formation of bullish railway track a reversal pattern at this demand area set the bulls up for a strong comeback. Price was pushed up to $144.97 in the supply area in the 23.6 fib area.

The stochastic oscillator is at 63 percent and its signal is pointing up which implies upward movement in price of the cryptocurrency as the bulls momentum increases.

The Fibonacci retracement shows price is within the 23.6 fib level. As the bulls' pressure continued price may get back up to $149.10 in the supply area which is the 0.0 fib level in the medium-term.

XMR/USD Short-term Trend: Ranging

The cryptocurrency continues ranging in the short-term outlook. The bears pushed price further down to $138.28 in the demand area below the 50 EMA. The formation of bullish railway track retuned the bulls.

The cryptocurrency was up $144.97 in the supply area above the two EMAs and gradually lost momentum.

The stochastic oscillator is in the overbought region at 87 percent. The signal may point down to justify the bears' momentum and downward movement of price in the short-term.

The cryptocurrency is in consolidation and trading between $145.47 in the supply area of the upper price range and $136.69 in the demand area of the lower price range. Traders should patiently wait for a breakout at the upper range or a breakdown at the lower range before taking a position in the market.


Monero (XMR) Daily Price Forecast: July 25, 2018

XMR/USD Medium-term Trend: Bullish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $90.00, $80.00, $70.00

XMR is in a bullish trend in the medium-term outlook. The bullish pressure continued as $140.01 of the upper range was nicely broken and the cryptocurrency was further up to $149.10 in the supply area above the two EMAs crossover.

This move was with a large bullish engulfing candle with the 10-day EMA acting as a strong support for bulls return and against the bears further downward push.

Minor pullback due to the bears' comeback is necessary for the market correction for an uptrend continuation.

The Fibonacci retracement shows price is within the 23.6 fib level. The bears' pressure may continue to the 38.1. These levels are trend continuation zones The bulls may stage a comeback. Likewise, the 38.2 is around the 10-day EMA a strong support for the bulls.

XMR/USD Short-term Trend: Ranging

The cryptocurrency is in a ranging scenario in the short-term outlook. The bulls momentum was high as price was up 149.10 in the supply area due to the formation of the railway track at the opening of the market.

The momentum was weak as the bears set in and pushed price below the 10-day EMA with the stochastic oscillator at 53 percent and the signal points down. This signifies the bears increased pressure.

The cryptocurrency is in consolidation and trading between $145.47 in the supply area of the upper price range and $136.69 in the demand area of the lower price range.

Traders should patiently wait for a breakout at the upper range or a breakdown at the lower range before taking a position in the market.


Monero (XMR) Daily Price Forecast: July 23, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $200.00, $210.00, $220.00
Demand zones: $90.00, $80.00, $70.00

XMR is in ranging scenario in the medium-term outlook. The bearish pressure was strong as the cryptocurrency was down to $126.86 in the demand area below the two EMAs.

The formation of a doji returned the bulls whose momentum push price up to $142.91 in the supply area above the two EMAs.

The crypto is in consolidation and trading between $140.01 in the supply area of the upper range and $129.79 in the demand area of the lower range. Traders should wait for a breakout at the upper range or a breakdown at the lower range before taking a position in the market.

XMR/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in the short-term outlook. Although the daily candle opened bearish at $129.86 and was down to $127.85 the bulls returned and pushed price initially to $134.42 in the supply.

Price is above the two EMAs crossover and is forming higher highs and high lows that are characteristics of up trending market.

As more bullish candle opened and close above the EMA crossover, XMR will make new highs in the short-term.


Monero (XMR) Daily Price Forecast: July 20, 2018

XMR/USD Medium-term Trend: Bearish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $90.00, $80.00, $70.00

Monero is in a bearish trend in the medium-term outlook. The bearish momentum was sustained and $136.20 in demand area in yesterday range was broken. The crypto further went down to $132.55 in the demand area.

Price is below the10-day EMA and you can see that price is showing lower highs and lower lows formation.

The Fibonacci retracement shows price was pushed down to the 61.8 from the 39.2 fib level due to the bears' pressure.

The stochastic oscillator is in the oversold region at 24 percent and its signal points up. This suggests that we may see some upward movement in the price of the cryptocurrency as the bulls struggle for control.

Monero is in consolidation and trading between $146.70 in the supply area of the upper range and $136.20 in the demand area of the lower range.

XMR/USD Short-term Trend: Bearish

The cryptocurrency is ranging in the short-term outlook. The daily candle opened bullish as an inverted hammer but could only push price to $141.36 in the supply area and lost momentum.

The bears pressure was strong as the crypto was down to $132.55 in the demand area. The formation of a bullish hammer a reversal pattern returned the bulls.

The cryptocurrency in consolidation and trading between in the supply area of the upper price range and in the demand area o the lower price range. Patience should be exercised before taking a position to allow for either a break out at the upper range for a long position or a breakdown at the lower range for a short.


Monero (XMR) Daily Price Forecast: July 19, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $200.00, $210.00, $220.00
Demand zones: $90.00, $80.00, $70.00

Monero enters into ranging scenario in the medium-term outlook. The bullish momentum seems to be weak as the bear kept pushing price south. $137.31 in the demand area and below the 10-day EMA was the point the bear drop the coin.

The stochastic oscillator is at 45 percent and its signal points down. This suggests that we may see a downward movement in the price of the cryptocurrency due to bears pressure.

Monero is in consolidation and trading between $146.70 in the supply area of the upper range and $136.20 in the demand area of the lower range.

The Fibonacci retracement shows that price is within the 38.2 fib level which is a trend continuation zone. This pullback was analysed in yesterday’s forecast.

Traders should be patient at this period of the consolidation. Let there be a breakout to the upside to for a trend continuation or a breakdown and price may go further to the 50 of 68.1 fib level.

XMR/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in the short-term outlook. The bears broke the $141.34 in the demand area of the lower range predicted in yesterday analysis. Price was pushed down to $137.31 in the demand area.

The formation of a bullish spinning top returns the bull and pushed price to retest the broken demand area now a supply area at $141.34. A bearish railway track was formed which may be an indication that the bears are back.

As the bears' momentum increase we may see more bearish candle closing below the two EMAs in the short-term.


Monero (XMR) Daily Price Forecast: July 18, 2018

XMR/USD Medium-term Trend: Bullish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $90.00, $80.00, $70.00

Monero continues in a bullish trend in the medium-term outlook. $149.32 in the supply area was the cryptocurrency new high as the bullish pressure was sustained.

The formation of a bearish inverted hammer brought the bears back. The momentum was low as they could only push price to $143.52 in the demand area.

Price is above the two EMAs crossover and the EMAs are fanned apart which suggest strength in the context of the trend and in this case the uptrend.

The Fibonacci retracement shows that price is within the 23.6 fib level which is s trend continuation zone. It implies that as the pullback is within the 23.6 and 38.2 the bulls still have control of the market.

XMR/USD Short-term Trend: Ranging

The cryptocurrency enters into consolidation in the short-term outlook. The bullish pressure pushed the cryptocurrency to a new high of $148.78 in the supply area. The inverted hammer a reversal pattern had little impact. Price was down $141.87 in the demand area.

The bulls returned at the opening of the market and drove price to $149.32 in the supply area. The formation of inverted bearish hammer another reversal pattern returned the bears.Price is pushed down to $143.52 in the demand area below the 10-day EMA.

The stochastic oscillator is at 23 percent and its signal points down. This implies downward movement in price will occur as the bears' momentum increases.

The cryptocurrency is ranging and trading between $149.15 in the supply area of the upper price range and at $141.34 in the demand area of the lower price range. Patience should be exercise trading the range as a breakout to the upside or breakdown at the downside may occur soon.


Monero (XMR) Daily Price Forecast: July 17, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $200.00, $210.00, $220.00
Demand zones: $90.00, $80.00, $70.00

Monero enters into consolidation in the medium-term outlook. The retest of $131.48 in the supply area that was analysed yesterday was achieved as a result of the strong bullish pressure.

Price was further pushed higher to $141.33 in the supply area. The formation of the wick in the candle coupled with a doji candle is momentum exhaustion and trend reversal respectively.

The stochastic oscillator is in the overbought region at 78 percent and its signal points down which implies downward momentum in price due to the bears' pressure.

The cryptocurrency is ranging and it is trading between $140.00 in the supply area of the upper price range and at $131.00 in the demand area of the lower price range

XMR/USD Short-term Trend: Ranging

The cryptocurrency is ranging in the short-term outlook. After the bullish run from $122.87 in the demand area to $141.33 in the supply area, the bull's momentum became low given the bears opportunity for a return.

The formation of a bearish railway track confirm the bears' presence and the crypto was down to $135.86 in the demand area. This is below the 10-day EMA.

The stochastic oscillator is at 30 percent and its signal points down which implies downward momentum in price as the bears increase their pressure and momentum.


Monero (XMR) Daily Price Forecast: July 16, 2018

XMR/USD Medium-term Trend: Bullish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $90.00, $80.00, $70.00

Monero continues in a bullish trend in the medium-term outlook. The bulls kept the momentum high as the cryptocurrency was up $125.94 in the supply area. The formation of a bearish inverted hammer, a reversal pattern returned the bears to the market.

The pullback by the bears saw the coin down to $122.47 in the demand area.
The upward trendline acted as a strong support. Each time price touches it we have a bounce. It implies that a bounce to the upside is expected as price touches it the third time, currently happening.

Price is above the 10-day EMA. As the bullish pressure becomes stronger and momentum increases more bullish candles may be formed closed above the EMAs which may take the cryptocurrency to retest the $131.48 in the supply area in the medium-term.

XMR/USD Short-term Trend: Bullish

The cryptocurrency continues in a bullish trend in the short-term outlook. The bulls' journey to the north continues after the breakout from the trendline of July 13th price forecast. The cryptocurrency made a new high of $125.90 in the supply area.

The bears' return saw price down to $122.83 in the demand area. This was a pullback necessary for the market correction. The bulls stage a comeback with a large engulfing candle and push the cryptocurrency to a new high of $127.97 in the supply area.

Price is above the two EMAs and it is forming higher highs and higher lows that are unique features of up trending market. The cryptocurrency may experience upward movement in price resulting in new highs as the bullish momentum increases.


Monero (XMR) Daily Price Forecast: July 13, 2018

XMR/USD Medium-term Trend: Bullish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $90.00, $80.00, $70.00

Monero resumes in a bullish trend in the medium-term outlook. The bears' pressure pushed price down to $115.03 in the demand area of yesterday range and lost momentum. The bulls returned and pushed price up $124.58 in the supply area above the 10-day EMAs.

Price was at this demand area on 12th and 29th of June. Each time price gets here the bulls always return, hence we may see a push of price up north.

The stochastic oscillator is at 32 percent and its signal is pointing up which implies upward movement in the price of the cryptocurrency may be seen.

As the bulls increase their pressure and more bullish candles are formed above the 10-day EMA we may see the coin at $133.00 in the supply area in the medium-term.

XMR/USD Short-term Trend: Bullish

The cryptocurrency returns to bullish trend in the short-term outlook. The bears' journey to the south seems terminated at $115.03 in the demand area when they lost momentum.
The bullish momentum led to price at $124.58 in the supply area.

The fourth touch of Price on the downward trendline led to a breakout as you can see this indicates the bulls may be back as we saw momentum increase.

Price is above the two EMAs which indicates bullish pressure. Upward price movement of the cryptocurrency may occur as the bullish pressure increases.


Monero (XMR) Daily Price Forecast: July 12, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $200.00, $210.00, $220.00
Demand zones: $90.00, $80.00, $70.00

Monero continues ranging in the medium-term outlook. The bulls and the bears struggle for market control continues. Just as the bulls pushed the cryptocurrency up to $134.47 in the supply area, the bears pushed it back further down to $117.68 in the demand area.

This is fresh low as it is lower than yesterday low an indication of the bears' strong pressure and presence as the bulls lost momentum.

The cryptocurrency is consolidating and it is trading between $128.49 in the supply area of the upper price range and $116.46 in the demand area of the lower price range.

The stochastic oscillator is at 55 percent and its signal is undefined which implies the consolidation scenario.

Patience will be a good strategy to adopt at this period of consolidation to allow a properly define trend either via breakout at the upper price range or a breakdown at the lower price range before taking a position.

XMR/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in the short-term outlook. The journey to the south is continuing as the bears pushed price to a fresh low at $117.68.

Despite the bullish pressure at the opening of the market that drove price up to $125.46 in the supply area, the momentum was low. Likewise the formation of railway track a reversal pattern that should have resulted in the upward price movement, rejection was seen and the bears do return much stronger.

Price is forming lower lows and lower highs that are common with down trending market. New lower lows may occur as the bears' pressure increases.

Daily opening price was $121.79 compared to yesterday opening at $122.67. This means that more sellers are present to further push the price of the coin south.


Monero (XMR) Daily Price Forecast: July 11, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $200.00, $210.00, $220.00
Demand zones: $90.00, $80.00, $70.00

Monero continues ranging in the medium-term outlook. The bullish momentum was weak as it could not push price above $125.34 in the supply area. The bears returned and pushed the cryptocurrency back down to $119.96 in the demand area.

The battle for market control is on as the coin is in consolidation. $128.49 in the supply area is the upper price range and $116.46 in the demand area is the lower price range.

The stochastic oscillator is at 58 percent and its signal is undefined which implies the consolidation scenario. Traders should be patient and allow a properly define trend either via breakout at the upper price range or a breakdown at the lower price range before taking a position.

XMR/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in the short-term outlook. The bears continue their takeover as the opening candle was bearish at $122.67 below the 10-day EMA.

The cryptocurrency made a new low as the bears pushed price further down to $119.96 in the demand area.

The stochastic oscillator is at 67 percent and it signals points down which means the bears' pressure would continue and price may further go down in the short-term.

As the bears' momentum increases more bearish candles may likely be formed and closed below the 10-day EMA.


Monero (XMR) Daily Price Forecast: July 10, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $200.00, $210.00, $220.00
Demand zones: $90.00, $80.00, $70.00

Monero is ranging in the medium-term outlook. The bears' pressure is strong as price was initially pushed to $132.81 in the demand area. This is below the EMAs crossover. Price broke major demand zone as it touches $98.25.

The coin made a touch in this demand area on November 5th. Price is below the two EMAs crossover, this connotes presence of more sellers to further push price down.

The stochastic oscillator id at 67 percent and it signal points down. which implies downward momentum in the price of the cryptocurrency due to the bears' pressure.

XMR/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in the short-term outlook. The opening of the market saw the bears pushing price down to $1321.35 in the demand area. This is below the two EMAs crossover.

The increased momentum lead to a fresh demand at $98.25

The bullish momentum was able to push price back $122.11 supply area. The bears are still in control of the cryptocurrency in the short-term.


Monero (XMR) Daily Price Forecast: July 9, 2018

XMR/USD Medium-term Trend: Bullish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $100.00, $90.00, $80.00

Monero continues in a bullish trend in the medium-term outlook. The bulls show dominance as they pushed price continuously to fresh supply area initially to $139.14 over the weekend.

The formation of a doji and a bullish candle affirm the bulls’ control. Price was pushed up to $141.15 in the supply area. Price is above the two EMAs which connotes buyers’ presence and pressure.

With the Fibonacci retracement, price is above the 23.6 level which is a trend continuation pattern. It shows that the bullish pressure will continue.

This week opened bullish with price at $130.36 compared to last week opening of $129.38. Which implies that we may see more bullish pressure for upward price movement of the cryptocurrency this week.

XMR/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in the short-term outlook. The bulls were able to push price from $129.10 in the demand area to $141.15 in the supply area after the formation of a hammer on 8th of July.

Today opening price was $138.51 against yesterday opening of 130.36 which implies more buyers are in the marker for the upward price movement of the cryptocurrency.

The Fibonacci retracement shows price is between the 23.6 and 38.2 percent. These are trend continuation zones hence we are likely to continue the journey north as more buyers take a position in the short-term.


Monero (XMR) Daily Price Forecast: July 6, 2018

XMR/USD Medium-term Trend: Bullish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $100.00, $90.00, $80.00

Monero remains in a bullish trend in the medium-term outlook. Although due to the bears' pressure price was pushed down to $130.07 in the demand area. This is at the 50.0 fib level, a reversal zone.

The bulls indeed return as they pushed price back up to $135.22 in the supply area above the 50-day EMA and in the 38.2 area a trend continuation zone. Moreover, we have a bullish candle formation in this area.

The market correction is what has been happening due to the bears' pressure and the retracement seems to have ended and a new trend in place.

The stochastic oscillator is in the oversold region at 18 percent with it signal pointing up. This implies upward movement in the price of the cryptocurrency as the bulls momentum and pressure increases.

XMR/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in the short-term outlook. The bulls effort for upward price movement was rejected during the opening of today's' market at $138.47. The bears pushed price down to the demand area at $130.07.

With the Fibonacci tool, price is above the 23.1 level which is a trend continuation zone. It implies the uptrend that resumes is likely to continue as the bulls’ presence and pressure increases.

The stochastic oscillator is at 49 percent with signal pointing up. It implies upward movement in price of the cryptocurrency will occur in the short-term as the bull pressure increases.


Monero (XMR) Daily Price Forecast: July 5, 2018

XMR/USD Medium-term Trend: Bullish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $100.00, $90.00, $80.00

Monero remains in bullish trend in the medium-term outlook. The bullish momentum created a new high of $145.94 in the supply area. It was a bounce off the channel as analysed yesterday. The momentum gradually fades as the formation of d gravestone doji, a reversal candlestick pattern brought the bears back to the market.

Price was pushed down to the $137.53 in the demand area, below the 10-day EMA. This is around the 23.1 fib level. The bears' pressure is strong currently and may push price down to the 38.2 fib level.

The close of bullish candles above the 38.1 fib level will imply the bulls return while the close of candles below it may push price down to the 50.0 fib level a trend reversal area.

The stochastic oscillator is at 69 percent with signals pointing down. It suggests downward movement in the price of the cryptocurrency due to the bears' pressure. The overall medium-term outlook favours the bulls.

XMR/USD Short-term Trend: Ranging

The cryptocurrency is in consolidation in the short-term outlook. The bears were strong during the opening of today's' market pushing price down to $137.53 in the demand area from $144.08 in the supply area.

The bulls momentum was weak as they were overpowered by the bears again at $140.72 in the supply area.

The cryptocurrency is ranging and trading between $141.48 in the supply area of the upper price range and $136.67 in the demand area of the lower price range.

The stochastic oscillator is in the oversold region at 23 percent with signal points down. It implies downward movement in price of the cryptocurrency will be experienced in the short term due to the bears' pressure.

Traders should be patient trading the range and allow for a breakout to at the upper price range or breakdown at the lower price range before trading.


Monero (XMR) Daily Price Forecast: July 4, 2018

XMR/USD Medium-term Trend: Bullish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $100.00, $90.00, $80.00

Monero remains in bullish trend in the medium-term outlook. The bulls temporarily lost momentum to the bears, whose pressure pushed price down to $136.52 in the demand area. This bears' current activities should be seen as pullbacks that are necessary for market correction.

The cryptocurrency is in an upward channel. You can see that each touch on the lower or upper line results in a bounce. A bounce is much expected as price approaches the lower line of the channel.

Price is above the 50-day EMA and hovering above the 10-day EMA, It implies bullish pressure is still valid.

Bullish activities may resume soon which will take the cryptocurrency to new higher highs in the medium-term. $148.70 in the supply area may likely be the bulls target.

The stochastic oscillator is at 78 percent with signals pointing down. It suggests downward movement in the price of the cryptocurrency due to the bears' pressure that may take price to the lower channel before the bullish takeover.

XMR/USD Short-term Trend: Bullish

The cryptocurrency continues in bullish trend in the short-term outlook. Although the bears' pressure pushed price to 50.0 fib level at $135.67 in the demand area yesterday. The formation of a doji return the bulls whose pressure led to the upward movement in price to $142.23 in the supply area.

The bears' subsequent return with a large bearish engulfing candle pushed price back to the 50.0 fib level area. This is the second time, which gives the double bottom formation- a reversal pattern in this demand area.

The stochastic oscillator is the oversold region at 25 percent with signals pointing up. It implies some upward movement in price of the cryptocurrency due to the bulls return may occur in the short-term.


Monero (XMR) Daily Price Forecast: July 3, 2018

XMR/USD Medium-term Trend: Bullish

Supply zones: $200.00, $210.00, $220.00
Demand zones: $100.00, $90.00, $80.00

Monero continues in bullish trend in the medium-term outlook. The bulls kept the momentum high as they broke the 100 fib level of yesterday analysis.

The bears lost momentum at $127.83 in the demand area making the bulls come back stronger with a large engulfing candle that drove the cryptocurrency to $143.76 in the supply area. This was the highest price ever for two weeks.

Price is above the two EMAs crossover, and the EMAs are fanned apart which implies strength in the context of the trend and in this case the uptrend.

The Fibonacci retracement tool gives a possible level the bearish pullback might get to in the medium-term. The 23.6 and 38.2 are trend continuation levels, they are area to watch for uptrend continuation. Also the 10-day EMA may likely reject bearish pressure.

The stochastic oscillator is the overbought region at 78 percent with signals pointing up. It suggests further upward movement in the price of the cryptocurrency as the bullish pressure becomes stronger.

XMR/USD Short-term Trend: Bullish

The cryptocurrency continues in bullish trend in the short-term outlook. The bulls ensure that the cryptocurrency made a new high before the close of market yesterday.

The three dojis formed at $128.44 in the demand area returns the bulls that drove price to $143.76 in the supply area. This broke the 100 fib level at $133.35.

As analyzed yesterday the close of the candle above is a signal for further upward price movement. Price is above the 10-day EMA and the daily candle opened bullish at $141.16. These further confirms that price may likely head further north.

The stochastic oscillator is the overbought region at 74 percent with signals pointing down. It implies some downward momentum in price of the cryptocurrency may occur.

The Fibonacci tool helps to determine the retracement level. The 23.6 and 38.2 area possible area the bears could push price down to before further uptrend continuation in the short-term.


Monero (XMR) Daily Price Forecast: July 2, 2018

XMR/USD Medium-term Trend: Bullish

Supply zones: $150.00, $160.00, $170.00
Demand zones: $100.00, $90.00, $80.00

Monero continues in bullish trend in the medium-term outlook. The analysis of 29th July played out well as the bulls drove the cryptocurrency to $135.52 in the supply area. The bullish pressure was strong as price was pushed above the 61.8 fib level to the 100 level.

With the Fibonacci retracement tool drawn, you can see currently, price is between the 68.1 and 100 level. This is above the two EMAs crossover and sitting on the 10-EMA. It implies some element of bullish pressure exists for upward price movement of the cryptocurrency.

The stochastic oscillator is at 64 percent with signals undefined. It implies that as more buyers take positions the signals may be up as the overall medium-term outlook favour the bulls.

XMR/USD Short-term Trend: Bullish

The cryptocurrency continues in bullish trend in the short-term outlook. The bulls gradual increase in momentum at $124.58 in the demand area drove price up to $133.35 in the supply area.

The bears step in after the formation of a bearish railway track and the price was down to 127.96 in the demand area.

To determine this demand area, the Fibonacci tool was applied. It did shows that it was the 61.8 fib level. This is a good area to place a buy stop, a pending order in the context of an uptrend.

We may likely see a retest of the 100 fib level i.e $133.35 in the supply area. A break and close of candles above this area will suggest further journey north in the short-term.


Monero (XMR) Daily Price Forecast: June 29, 2018

XMR/USD Medium-term Trend: Bullish

Supply zones: $150.00, $160.00, $170.00
Demand zones: $100.00, $90.00, $80.00

Monero continues in bullish trend in the medium-term outlook. The bears had a sway of the market after the formation of bearish railway track at $132.90 in the supply area. Price was pushed down to $113.37 in the demand area.

The bulls made a push to the $121.66 in the supply area but could not sustain it due to the formation of an inverted hammer, a reversal pattern that ushered in the bears.

With the Fibonacci retracement tool, you can see price is within the 23.1 and 38.2 level. A break and close above the 38.2 level will favour the bulls to continue pushing price further up to the 50 or 61.8 level which is likely areas for bears return.

The stochastic oscillator is in the oversold region with signals pointing up. It suggests upward momentum in price movement of the cryptocurrency as the bulls increases their pressure.

XMR/USD Short-term Trend: Bullish

The cryptocurrency remains in bullish trend in the short-term outlook. Although the bears were in charge in the early hours of trading as price was pushed down $113.37 in the demand area.

The bulls gradually increase their momentum as the bears are not giving up, but price was successfully pushed $121.66 in the supply area above the 10-day EMA.

The Fibonacci levels have price on 23.1 which is a trend continuation level. It implies that the bulls may ensure the cryptocurrency price upward movement.

The Stochastic Oscillator is at 76 percent and it signals unclear. We may likely see a pointing up for upward momentum in price movement as the bulls pressure becomes strong for uptrend continuation resumes.


Monero (XMR) Daily Price Forecast: June 28, 2018

XMR/USD Medium-term Trend: Bullish

Supply zones: $150.00, $160.00, $170.00
Demand zones: $100.00, $90.00, $80.00

Monero is in bullish trend the medium-term outlook. After the bullish run to $129.81in the supply area of the upper price range, the bulls lost momentum. The bears managed to push price down to $123.31 in the demand area.

The formation of bullish hammer brought the bulls back. The bullish pressure was strong as $129.00 in the supply area of the upper price range was broken. A new supply area was formed at $134.49.

The bears made a minor pullback due to the formation of an inverted hammer, a reversal candle pattern and pushed price to $130.09 in the demand area.

Price is above the two EMAs crossover and the two EMAs are fanned apart which suggests strength in the context of the trend and in this case the uptrend.

The stochastic oscillator is in overbought at 73 percent, with signal points down. It suggests a downward momentum in price movement of the cryptocurrency. This should be seen as a pullback for upward trend continuation.

XMR/USD Short-term Trend: Bullish

The cryptocurrency continues its bullish trend in the short-term outlook. The bulls were able to gather enough momentum at the opening of the day and break the resistance at $129.00.Price was pushed higher to $134.49 in the supply area.

The Inverted hammer- a reversal candle formed at $134.49 in addition  to the bearish candle in the supply area brought the bears back. Their momentum was weak as the 10-day EMA acted against further bearish movement.

The Stochastic Oscillator is at 59 percent and it signals is pointing up suggesting upward momentum in price movement as more bullish candles are formed above the 10-day EMA.


Monero (XMR) Daily Price Forecast: June 27, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $150.00, $160.00, $170.00
Demand zones: $100.00, $90.00, $80.00

Monero continues ranging in the medium-term outlook. The bears' pressure was strong at $129.54 in supply area with a large bearish engulfing candle. They pushed price down to $118.42 in the demand area.

The bears gradually lost momentum as the bulls return again in the area and push price up above the 10-day EMA. Initially to $124.89 and most likely may go back to the supply area.

The cryptoasset is still trading within$129.00 in the supply area of the upper range and $118.40 in the demand area of the lower range.

The stochastic oscillator is at 53 percent, yet the signal is not pointing neither direction. Traders should be patient before taking a position to allow for either a breakout to the upside for a long position or a breakdown to the downside for a short position.

XMR/USD Short-term Trend: Bullish

The cryptocurrency returns bullish in the short-term outlook. The bulls could not break resistance at $129.00 in the supply area as their momentum gradually fades. The bears' strong pressure pushed price down to $118.42 in the demand area.

The formation of a bullish pin bar-a reversal candle at the demand area signal the bulls return, whose momentum drove the cryptocurrency up to $127.45 in the supply area.

The Stochastic Oscillator is at 63 percent and it signals is pointing up suggesting upward momentum in price movement as more bullish candles are formed above the 10-day EMA.


Monero (XMR) Daily Price Forecast: June 26, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $150.00, $160.00, $170.00
Demand zones: $100.00, $90.00, $80.00

Monero continues ranging in the medium-term outlook. The formation of bullish railway track, a reversal signal, usher in the bulls and they pushed price from $124.34 in the demand area. $127.45 in the supply area was the initial price the bulls got the cryptoasset to. The bears came and pushed price down to $124.57 in the demand area.

The 10-day EMA acted as a strong support against the bearish pressure. Likewise, price is above the two EMAs which implies bullish pressure.

The cryptocurrency is ranging between $129.00 in the supply area of the price range and $118.40 in the demand area of the lower price range.

The stochastic oscillator is in the overbought region at 87 percent, yet the signal is not pointing neither direction. Traders should be patient before taking a position to allow for either a breakout to the upside for a long position or a breakdown to the downside for a short position.

XMR/USD Short-term Trend: Bullish

The cryptocurrency is bullish in the short-term outlook. The bears' pressure was strong as they pushed price from $129.34 in the supply area down to $124.86 in the demand area.

The bullish railway track brought the bulls back and their momentum got price to $129.61 in the supply area.

The Stochastic Oscillator is at 63 percent and it signals is pointing up suggesting upward momentum in price movement as more bullish candles are formed above the 10-day EMA.


Monero (XMR) Daily Price Forecast: June 25, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $150.00, $160.00, $170.00
Demand zones: $120.00, $110.00, $100.00

Monero is ranging in the medium-term outlook. After the bulls had a good ride from $107.10 in the demand area to $128.59 in the supply with a large engulfing candle, exhaustion sets in and this replaces the original momentum, resulting in the bears' comeback and pushed price down south initially to $12378 in the demand area.

The cryptocurrency is ranging between $129.00 in the supply area of the price range and $118.40 in the demand area of the lower price range.
Price is above the two EMAs which implies bullish pressure may be seen.

The stochastic oscillator is in the overbought region at 89 percent, yet the signal is not pointing down. Traders should be patient before taking a position to allow for price  breakout to the upside to go long or a breakdown to the downside to go short.

XMR/USD Short-term Trend: Bearish

The cryptocurrency is in bearish trend in the short-term outlook. The bulls had a good run earlier today as they push price to $128.48 in the supply area.

The formation of a double top in this area brought the bears back. The bearish engulfing candle formed closed below the 10-day EMA.

The Stochastic Oscillator is at 78 percent and it signals is pointing down suggesting downward momentum in price movement as more bearish candles are formed below the 10-day. $119.0 in the demand area may be retested by the bears in the short-term.


Monero (XMR) Daily Price Forecast: June 22, 2018

XMR/USD Medium-term Trend: Bearish

Supply zones: $150.00, $160.00, $170.00
Demand zones: $90.00, $80.00, $70.00

Monero is bearish in the medium-term outlook. The bearish pressure was strong as the $118.00 target in the demand area of yesterday analysis was broken nicely. The bulls made a minor upward price move when the market opens as they pushed price up to $123.48 in the supply area.

They lost momentum as the formation of bearish railway track signal trend reversal as the bears came back with greater momentum, $108.93 in the demand area was the fresh demand area the bears dropped price.

The stochastic oscillator is at 18 percent and its signal points down. This implies downward momentum in the cryptoasset price as the bears' pressure increase.As the bearish momentum increases and more candles are formed below the 10-day EMA, $90.00 may be the bears' target in the medium term.

XMR/USD Short-term Trend: Bearish

The cryptocurrency continues in bearish trend in the short-term outlook. The presence of more sellers pushed price further down. Although the daily opening candle was bullish and over the 10-day EMA at $121.48, the overall strong bearish trend prevailed as price was pushed initially o $114.00 in the demand area.

The formation of a flag at this demand area was a pullback, for trend continuation The bears came back after the formation of bearish railway track and push price further down to $108.53 in the demand area.

The stochastic oscillator is in the oversold region at 18 percent with it signals undefined. It implies that we may have a minor pullback but the overall journey to the south will continue.


Monero (XMR) Daily Price Forecast: June 21, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $150.00, $160.00, $170.00
Demand zones: $100.00, $90.00, $80.00

Monero is still ranging in the medium-term outlook. The bullish railway track formed yesterday successfully pushed price to $123.90 in the supply area. This was on the 10-day EMA. The bulls’ momentum fades as the formation of the bearish railway track is a sign of trend reversal. The bears are back and may likely push price to the lower demand area in the range.

The stochastic oscillator is at 30 percent and its signal points down. This implies downward momentum in the cryptoasset price as the bears' pressure increase.

As the bearish momentum increases and more candles are formed below the 10-day EMA, $118.90 may be the bears' target.

XMR/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in the short-term outlook. The bulls’ loss of momentum at $123.90 in the supply area set up the bears for a comeback. $120.86 in the demand area was the initial point the bears drop price.

Daily opening price is $122.18 and the candle is bearish. With yesterday opening at 125.47, it implies more sellers are in the market to further push price south.

As the bears' pressure increase and more candles formed below the 10-day EMA, $120.50 in the demand area may likely be the bears target in the short-term.


Monero (XMR) Daily Price Forecast: June 20, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $150.00, $160.00, $170.00
Demand zones: $100.00, $90.00, $80.00

Monero continues ranging in the medium-term outlook. The stochastic oscillator of yesterday predictions favoured the bears as they increase their momentum and pushed price down to $119.00 in the demand area.

The formation of a bullish railway track is a sign of trend reversal. In this case the commencement of the uptrend. The bulls momentum may gradually increase coupled with strong pressure.

The formation of bullish candles and a close above the 10-day EMA will put the bulls target at $129.00 in the upper supply area of the range in the medium-term.

The stochastic oscillator is in the oversold region at 21 percent, yet undefined. This suggests minor consolidation before movement in a particular direction. The upward momentum may likely be favoured on the long run.

$129.00 in the upper supply area of the range still valid and $120.00 in the lower demand area sacrosanct. Profit can be taken if a good ranging strategy is adopted during this period of consolidation.

XMR/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in the short-term outlook. The loss of momentum by the bears at $119.00 in the demand area after dropping price from $126.00 in the supply area return the bulls to the market. The large engulfing candle leaving this area confirm this.

Price is above the 10-day EMA is an indication of the bullish pressure.

The Stochastic Oscillator is leaving the oversold region and its signal points up. This implies upward momentum in monero price movement in the short-term.


Monero (XMR) Daily Price Forecast: June 19, 2018

XMR/USD Medium-term Trend: Ranging

Supply zones: $150.00, $160.00, $170.00
Demand zones: $100.00, $90.00, $80.00

Monero is ranging in the medium-term outlook. Although the bear target was $114.00 as predicted yesterday, the cryptocurrency had a bullish run on 18th June from $118.00 (41pips to the target) in the demand area and pushed price high up to $129.21 in the supply area.

The formation of a doji brought the bears back. $123.40 in demand was the point the bears lost momentum and the bulls pushed price high up to $130.60 above the 50-day EMA. The pair is consolidating as the bulls and the bears are struggling for dominance. Daily opening price was $126.24 as against yesterday opening of $124.93. Which implies the presence of more buyers which may push price up.

The stochastic is in the overbought region and it signals points down. This suggests downward momentum in the price of the cryptocurrency in the medium-term.
Monero is trading between $129.00 in the upper supply area and $120.00 in the lower demand area. A good ranging strategy may be adopted trading the consolidation.

XMR/USD Short-term Trend: Bearish

The cryptocurrency continues in bearish trend in the short-term outlook. The formation of an inverted hammer at the $130.00 supply area led to increased bearish pressure with the formation of a large bearish engulfing candle that closed below the two EMAs. Price upward rejection is seen after the formation of a bullish pinbar. The next candle was bearish as you can see from the chart.

The Stochastic Oscillator is in the oversold region and the signal points down. This implies downward momentum in monero price in the short-term.


Monero (XMR) Daily Price Forecast: June 18, 2018

XMR/USD Medium-term Trend: Bearish

Supply zones: $150.00, $160.00, $170.00
Demand zones: $100.00, $90.00, $80.00

Monero remains in a bearish trend in the medium-term outlook. The 10-day EMA acted as a strong resistance to price upward movement. The bulls made attempt as they move price from $120.53 in the demand area to $123.05 in the supply area. The bears set in with strong momentum and push price down. Currently, price has made a low at $120.24, with high tendency to still go down.

The stochastic is in the oversold region and it signals points down. This suggests downward momentum in the price of the cryptocurrency in the medium-term.
As more candles opened and closed below the 10-day EMA, the cryptocurrency may likely continue in a journey down south. In the overall, the bears' target of $114.00 demand area may be achieved sooner than expected.

XMR/USD Short-term Trend: Bearish

The cryptocurrency bearish trend continues in the short-term outlook. You can see that at the opening of the day, the price opened below the 50-EMA. With the bearish pressures price was pushed down below the 10-day EMA and went further low to $120.53.

The bulls made a comeback and pushed price up to the supply area. In this area, you can see the formation of bearish railway track this is a reversal indication and the bears came in and drop price down again.

The Stochastic Oscillator is in the oversold region and the signal is pointing. This implies downward momentum and price movement is likely to go south.


Monero (XMR) Daily Price Forecast: June 15, 2018

XMR/USD Medium-term Trend: Bearish

Supply zones: $150.00, $160.00, $170.00
Demand zones: $100.00, $90.00, $80.00

Monero continues in a bearish trend in the medium-term outlook. The bears indeed kept the market under control as they pushed price down from $133.21in the supply area to $122.44 in the demand area, below the 10-day EMA.

The stochastic is in the overbought region and it signals points down. This suggests downward momentum in the price of the cryptocurrency in the medium-term.
As more candles opened and closed below the 10-day EMA we may likely see the asset making a retest at $115.00 in the medium-term.

XMR/USD Short-term Trend: Bearish

The cryptocurrency bearish trend in the short-term outlook continues. The bulls made an upward movement yesterday and were rejected at $133.21. The bears came in and took price on a journey to the south. $122.50 in the demand area was the place the bear pressure could attain.

The Stochastic Oscillator is in the oversold region and the signal is pointing up. It implies that we may see a minor upward price movement but may likely be rejected. As more bearish candles are formed below the two EMAs crossover, $120 in the demand area may be the bears' target.


Monero (XMR) Daily Price Forecast: June 14, 2018

XMR/USD Medium-term Trend: Bearish

Supply zones: $150.00, $160.00, $170.00
Demand zones: $100.00, $90.00, $80.00

Monero continues in a bearish trend in the medium-term outlook. The bullish move from $13.20 in the demand area was short and momentum lost at $133.20 in the supply area. The formation of an inverted hammer, a reversal candle brought the bears to the market. Their pressure on price is seen as price falls below the 10-day EMA.

The daily opening price of monero is $124.82 compared to yesterday opening of $114.19. This implies that the sellers are more in the market and may likely take price on a southward journey.

The stochastic oscillator is at 73 percent with is signal pointing up. This means that we may likely see bullish moves. This should be seen as a market correction for the downtrend continuation

XMR/USD Short-term Trend: Bearish

The cryptocurrency is still in a bearish trend in the short-term outlook. The momentum of the bulls at $11230 in the demand area led to price pushed to $133.00 in the supply area. The formation of a double top in the supply area brought the bears back and they have continued to push price down south.

The stochastic oscillator signal points down which means downward momentum in the price of monero in the short-term.
The structure of the pair is M. This implies that right leg likely would be completed. If this happens it suggests that the bears' target may be at $112.00 in the demand area.


Monero (XMR) Daily Price Forecast: June 13, 2018

XMR/USD Medium-term Trend: Bearish

  • Supply zones: $150.00, $160.00, $170.00
  • Demand zones: $120.00, $110.00, $100.00

Monero continues its bearish trend in the medium-term outlook. The bears' pressure keeps getting stronger as they push price further down. The target of $120.00 was broken and price went further down to a fresh demand area at $106.98.Price is still below the two EMAs crossover. Which is indicative of the bears pressure.

The two EMAs are fanned apart which implies strength in the context of the trend. In this case, it is the downtrend. We are likely to see price making a further journey south as the bears' momentum increase.

 XMR/USD Short-term Trend: Bearish

The cryptocurrency continues in its bearish trend in the short-term outlook. The 10-day EMA acted as a strong resistance for every bullish attempt as seen in the above chart.

Price is forming lower highs and lower lows which is peculiar to a bearish market. More lower highs and lower lows will be made as the bears intensify their pressure in bringing price to the $100.00 demand area which is their target.


Monero (XMR) Daily Price Forecast: June 12, 2018

XMR/USD Medium-term Trend: Bearish

  • Supply zones: $150.00, $160.00, $170.00
  • Demand zones: $120.00, $110.00, $100.00

Monero is in a bearish trend in the medium-term outlook. The bears' pressure was strong as it keeps price below the 10-day EMA. Each time the bulls gets price to the EMA,  the bears return with increased momentum forcing price further down. $133.00 demand area has been broken by the bears.

A retest of the area may likely occur to further confirm downtrend trend continuation. The bears’ target in the medium term may be $120.00.

 XMR/USD Short-term Trend: Bearish 

The cryptocurrency is in a bearish trend in the short-term outlook. The formation of bearish railway track earlier in the day brought the bears back and they push price from $137.90 in the supply area down to $133.01in the demand area.

The bulls came back and push price to $136.70 in the supply area. The candle closes with an inverted hammer t this area resulting in the bears return with increased pressure this time around. They were able t break the demand area and took price further down.

Price is at $130.99 as at the time of writing.  The Stochastic oscillator is pointing down which suggests downward momentum. A further downward movement of price may be seen as the bears increased their presence and pressure.


Monero (XMR) Daily Price Forecast: June 11, 2018

XMR/USD Medium-term Trend: Bullish

  • Supply zones: $150.00, $160.00, $170.00
  • Demand zones: $120.00, $110.00, $100.00

Monero resumes bullish trend in the medium-term outlook. The bears' had a successful run over the weekend as they break major demand zones and in particular, the $158.75 predicted last week. Price was pushed to $130.60 at the demand. This was the first time price will retest this demand area after it broke out to the upside at the same area on November 21st, 2017. This provides the bulls with an opportunity to return to the market. They succeed in pushing price to the $138.70 in the supply area. The bears returned again and pushed price down to the demand area. The formation of bullish hammer close to the supply area confirms the presence of the bull to take over from the bears. The stochastic oscillator is in the oversold region at 21 percent with its signal pointing up. This suggests upward momentum by the bulls as they push price up. The break and close of the current candle above the supply area will be a good confirmation for the bulls takeover of the market.

XMR/USD Short-term Trend: Bullish

The cryptocurrency returns on a bullish trend in the short-term outlook. The opening of the day has been characterized with a mixture of both the bullish and bearish run. The bulls pushed price up to $139.50 at the supply area while the bears return price to the demand area at $133.00.The stochastic oscillator is at 67 percent and its signal points up. Meaning upward momentum by the bulls to push price further up.


Monero (XMR) Daily Price Forecast: June 8, 2018

XMR/USD Medium-term Trend: Bearish

Supply zones: $180.00, $190.00, $200.00
Demand zones: $150.00, $140.00, $130.00

Monero continues its bearish trend in the medium-term outlook. The bears' pressure was very strong as they kept pushing price lower. The formation of large engulfing bearish candle that broke the 10 and 50-day EMA is significant. This as a result of the bears increased momentum. Daily candle opened bearish at $163.67 compared to yesterday opening at $165.38.This implies more sellers are in the market to further push price down. The stochastic oscillator is at 27 percent and it signals points down. This suggests downward momentum. As the bears increase their pressure and presence in the market, their first target may be the demand area $158.75 in the medium-term.

XMR/USD Short-term Trend: Bearish

The cryptocurrency continues its bearish trend in the short-term outlook. The bears did exactly what was predicted yesterday as they pushed price to the lower channel at $165.03 in the demand area. The momentum required by the bulls to push further up was not available hence the bears broke the channel and pushed further down to $163.03 demand area yesterday. As the market opened today they kept pushing price further down after retesting the supply area at $163.03. The stochastic oscillator is in the overbought region but it signals points down which implies bullish rejection. The bears' target in the short-term may likely be the demand area at $159.39.


Monero (XMR) Daily Price Forecast: June 7, 2018

XMR/USD Medium-term Trend: Bearish

Supply zones: $180.00, $190.00, $200.00

Demand zones: $150.00, $140.00, $130.00

Monero continues its bearish trend in the medium-term outlook. The bulls were able to push price up to the $171.01 upper supply area of the range earlier today but lost momentum as the met resistance. This resulted in the formation of a double top, which is a reversal pattern. The bears came in at this area and push price down. The 10-day EMA provided a nice support which may later be broken. The stochastic oscillator is in the overbought region and the signals have crossed each other. This means that anytime soon the journey to the south may begin.  $156.20 which is lower demand area of the range may be the bears target.

XMR/USD Short-term Trend: Bearish

The cryptocurrency is bearish in the short-term outlook. The bulls’ momentum was strong in the early hours of trading as they push the pair high to the supply area at $170.30. They lost hold of the market to the bears who are currently pushing price down. The pair is in a nice ascending channel as you can see in the chart. The bears are likely to push price to the lower channel. The stochastic oscillator has left the overbought region and it signal points down. This implies downward momentum. As the bears' pressure increases the ride to the lower channel may happen sooner than expected.


Monero (XMR) Daily Price Forecast: June 6, 2018

XMR/USD Medium-term Trend: Bearish

Supply zones: $180.00, $190.00, $200.00

Demand zones: $150.00, $140.00, $130.00

Monero is still bearish in the medium-term outlook. The bear pressure continues as the bulls lost momentum and could not break the resistance at the $168.00 supply area. The daily candle closed below the 10-day EMA which is a reflection of the bears' strong pressure despite the high daily opening price. Daily candle opened bearish which implies the presence of sellers to push price further down. The two EMA are not close but are fanned apart which gives more confirmation to the downtrend.

XMR/USD Short-term Trend: Bearish

Consolidation is the scenario we are having in the short-term outlook of the pair. The bulls lost momentum as they move price up to the supply area at $167.00 from the demand area at $156.00. The bears and the bulls are in a struggle for market control. The pair is trading within the upper supply area at $167.00 and the lower demand area at $159.00. A bearish railway track is seen formed in the chart. This simply means that the bears are back in the market to push price further down and in particular to the demand area.


Monero (XMR) Daily Price Forecast: June 5, 2018

XMR/USD Medium-term Trend: Bearish

  •  Supply zones: $180.00, $190.00, $200.00
  • Demand zones: $150.00, $140.00, $130.00

Monero continues its bearish trend in the medium-term outlook. The bears are fully in control of the pair as their strong pressure led to the close of yesterday daily candle below the 10-day EMA. The bulls activities at $156.70 demand area were brief as they only managed to push price to $162.40 area before the bears set in again and pushed price down to $156.90 demand area. The two EMA are fanned apart which means strength in the context of the trend and in this case the downtrend. Daily candle opened at $161.02 as against yesterday candle that opened at $170.99.This shows that more sellers are in the current market to push price further down. As the bears increase their presence and pressure we may see a retest of the demand area at $152.20 in the medium-term.

XMR/USD Short-term Trend: Bearish

The bears are still in control of the short-term outlook of the pair. The crossover of the two EMAs shows strong bearish pressure and a rejection to the upward moves by the bulls especially at the 10-day EMA. The Stochastic oscillator is in the oversold region and it signals points down this connotes downward momentum. It therefore means that the bears pressure may increase and price will go further south.


Monero (XMR) Daily Price Forecast: June 4, 2018

XMR/USD Medium-term Trend: Bearish

 Supply zones: $180.00, $190.00, $200.00

 Demand zones: $150.00, $140.00, $130.00

Monero is bearish in the medium-term outlook. The bulls momentum that resumes on June 2nd seems to gradually fade after taking price to the supply area at $177.48. The bears came back and push price below the 10-day EMA.

Although the arena price currently occupies is the buyers' zone but the bears kept pushing it lower. This is due to more sellers in the market and this allows for necessary market correction. This current scenario should be seen as the bears' last lap of the journey to the south.

The stochastic oscillator shows that the pair is highly oversold, and the bulls entrant can be anytime from now.

XMR/USD Short-term Trend: Bearish 

The short-term outlook of the pair shows a bearish trend. The pair was bullish at the opening of the market today.   $170.99 was the opening price compared to yesterday opening of $162.46 but due to the bears' presence and pressure, price went southward.

The bears pushed price from the supply area at $171.56 down to the demand area at $156.70.

The Stochastic oscillator is pointing down into the oversold region which implies that the bears' momentum may gradually be ending and the bulls may set in.

Traders should allow for the red and grey signal of the stochastic oscillator to cross before going long. 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research

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