TradingSig

XMR/USD Daily Chart Analysis

KRAKEN:XMRUSD   Monero
Monero coin has built a base in the $170 level, and although it is relatively weak short-term, the medium to a long-term picture is bullish, and investors/traders could continue to accumulate the coin in strategic levels. At this point, momentum is in oversold territory, with Key resistance levels ahead at $223, Mean support at 185.50 and intermediate outcome at 225.70.
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