Category: News

Correction is XRM is not over yet

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex Monero continues correcting after the February rally. On Friday, February 26th, the cryptocurrency is trading at $197. XMRUSD has been falling this week. In the daily chart, Monero is testing 38.2% fibo. The next correctional target within the ascending tendency may be the support at 50.0%, a rebound from which may result in a new wave to the upside. The MACD histogram, as well …
[Read More]

Bitcoin: correction is the time to buy

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex After updating its all-time high once again at $58,350, BTC/USD has started a deep correction. A lot of traders, who bought the asset at the top, are now at a disadvantage because the slump covered over $13,000. However, investors recommend to buy at the time of significant declines, that’s why the current correction may be considered as another attractive chance to enter the cryptocurrency …
[Read More]

Bitcoin Still Correcting

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, February 23rd, the BTC keeps correcting, declining to 50,436 USD. It reached its peak of 57,640 USD on February 21st and has been declining since then. On D1, the pair bounced off the resistance level and keeps declining. The aim of the pullback is 23.6% Fibo. The MACD histogram is positive, declining, which increases the chances for further correction. The signal lines …
[Read More]

XRP Price Analysis: XRP Consolidating

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, February 19th, the XRP is consolidating, balancing near 0.5280 USD after a rather volatile week. On D1, XRP/USD keeps correcting upon sky-rocketing. We suggest that currently, the quotations can break through 61.8% Fibo and go on declining. The aim of the pullback is 0.4495 USD (50.0% Fibo). The MACD histogram is above zero, declining, which is another signal for further correction. Upon …
[Read More]