📈 Daily TA: Monero (XMR/USD)

Hello, dear members of LeoFinance!

Today, I want to show you some interesting technical formations in the price chart of Monero.

In the daily chart (1D) of XMR/USD, the 30-day Moving Average (MA 30) has dropped below the 90-day Moving Average (MA 90) or a Moving Average Crossover has taken place: Interestingly, in early 2018 a Moving Average Crossover took place at almost the same level. After that, the Bear Market started! However, this time I hope it will be different.

To be continued ...

As of the time of writing, one Monero costs $266,57 on the Bitfinex crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last almost 15 years, and as a cryptocurrency analyst for the last 4 years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

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📈 Daily TA: Monero (XMR/USD) | 14-06-2021