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May 25, 2019
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monero

Monero: Price Analysis, November 2

XMR/USD

The bulls are attempting to defend the support at $100.453, whereas the bears are stalling the pullback at the 20-day EMA. Monero will correct to $90 if it plunges below $100.453, and will move up to $112.5 if it breaks out of the 20-day EMA. A break out of $112.5 might carry the cryptocurrency to $128.65.




XMR/USD




Below $100.453, the XMR/USD pair can correct to the bottom of the $81–$150 large range. If the price bounces strongly from $81, we might suggest a long position on the pair. However, if the bears break this support, a fall to $61 is probable.

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