Tag: Monero Price

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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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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Monero Price Analysis for December, 6th – XMR Became Less Volatile

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex After visible fluctuations in the middle of this week, Monero exchange rate reached stability by Friday close to 54.13 USD. From the technical point of view, on H4 Monero is moving inside the descending channel, thus continuing the formation of descending tendency. At the same time, one should note that after the price updated its lows and there was a convergence on MACD, …
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