Monero (XMR) price analysis: July 18

Monero (XMR) continued its bullish trend that it started in early July until 7883. This week, we reviewed the latest situation in XMRBTC

Monero (XMR) continued its bullish trend that it started in early July until 7883. This week, the XMR, which has seen a sharp drop in the July peak price, seems to be holding onto 7429 support.

Critical Levels for Monero

monero 3hOn the 3-hour chart of XMRBTC, 50 MA appears to be an intermediate resistance, with the 7450 sats breaking, Monero can move back to the top of this week. 3 hour candle closings under 7429 sats can accelerate the downward trend. This 7429 percent can be used as an important support (stop-loss price).

XMR/BTC daily view turns to positivemonero

Looking at the XMR / BTC parity in the long term in the daily view, it is seen that the downtrend drawn on the basis of ATH in 2020 is trying to break this week. Accordingly, if the week’s closing takes place over the price of 7440 sats, the probability of an XMR rally increases next week.

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Disclaimer: The information in the content is not an investment advice. Author and coinalways.com are not responsible for your profit or loss. Every investment involves risks and requires knowledge.

Coin Analistahttps://coinalways.com
Building his career on finance and banking, the veteran analyst decided to devote his experience to cryptocurrencies and forex. Co-founder @ Coin Always.

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