By Dmitriy Gurkovskiy, Chief Analyst at RoboForex Monero continues correcting after the February rally. On Friday, February 26th, the cryptocurrency is trading at $197. XMR/USD 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 …
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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 …
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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 …
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