Category: Market Analysis

Monero Price Analysis for April, 17th – XMR Still Hopes For Further Growth

By Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, April 17th, the XMR has stopped growing, trading at 56.60 USD. On D1, Monero looks rather typical for the whole crypto market: the quotations are developing an uptrend as a correction after a wave of decline. A local pullback has tested from above 38.2% Fibo but the next momentum of growth may rise to 50.0% (61.28 USD) and 61.8% (69.59 USD) as …
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XRP Price Analysis for March, 27th – XRP Has a Chance to Grow

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, March 27th, the XRP suggests further restoration. However, right now the market has put buying on a halt. The XRP is generally trading at 0.1735 USD. On H4, XRP/USD demonstrates quite a weak trend of correctional growth. The quotations have risen to 23.6% Fibo and now, trying to overcome the upper border of the preceding rectangular channel, are heading for 38.2% …
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Monero Price Analysis for March, 24th – XMR Aiming At Further Correction

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, March 24th, the XMR keeps bouncing off, generally trading at 45.38 USD. On D1 of the Monero, the last declining impulse has reached the support level of the descending channel. After a test of the support line, the quotations have started a bounce for a correction. By now, the pullback has reached 23.6% Fibo and is heading for 38.2% (52.98 USD) …
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Ethereum Price Analysis for March, 17th – ETH Still Looking Weak

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The ETH sales failed to limit themselves by just one day: the crypocurrency remains weak, dominated by the bears. On Tuesday, March 17th, it is generally trading at 117.55 USD. On H4, the ETH is having a little rest from the bearish phase. The last impulse of decline confidently overcame the support line of the descending channel, indicating the stability of the sellers’ …
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