#Daily Price Analysis Trading Signals for XMR: October 12 Published 2 weeks ago on October 11, 2018 By Azeez Mustapha Share Tweet Daily Trading Signals for XMR October 12 Dominant bias for Monero (XMR) – Bearish Resistance Levels- 120, $130, $140 Support Level- $90, $80. $70 XMR Analysis After almost three weeks of consolidation, the bears broke out of the lower support area of the range and commence a nice journey to the south. 112.00 has been a critical area in the lower support area with price bouncing off after each touch. The formation of a pinbar at in this support area pushed XMR up 115.45 before the end of yesterday trading session. The news that filter from the American Association of Retired Persons was a boost to the bears with the 4-hour opening candle as a bearish engulfing. XMR was down to 103.71 in the support area. Increased bearish momentum pushed the cryptocurrency to 101.51. XMRUSD Price Chart 12 October Price is below the 200 and 34 EMA which implies strong bears presence in the overall outlook. Retracement is necessary for the market correction to take place. Hence the bulls may make a temporal return to push price up around the 23.6 area. The RSI in the oversold region of 20% with its signal up confirming the possibilities of the bulls return. The bear may stage after bearish candles reversal pattern at the 23.6 area. This may see the bears testing the target at $96.80. Related Topics:analysisBlockchaindaytradingMoneroMONERO BLOCKCHAINMonero chartMonero forecastMONERO FUTUREMonero predictionmonero priceMonero price 2018Monero price todayMonero to usdMonero trademonero tradingtradingXMRXMR exchangeXMR exchange rateXMR forecastXMR futureXMR PREDICTIONXMR PRICEXMR price analysisXMR to USDXMR USDXMR USD chartXMRUSD Up Next Will BCH fall to $400? Bitcoin Cash Price Analysis 12 Oct Don't Miss Trading Signals for ETH: October 12 Continue Reading You may like XMR Daily Trading Signals: 24 October ADA Daily Trading Signals: 24 October XRP Daily Trading Signals: 24 October BTC Daily Trading Signals: 24 October Johnny Depp partners Ethereum Dapp Tatatu XLM Daily Trading Signals: 23 October 1 Comment 1 Comment Pingback: Trading Signals for XMR: October 12 – The Coinage Times Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Daily Price Analysis XMR Daily Trading Signals: 24 October Published 59 mins ago on October 23, 2018 By Azeez Mustapha Dominant bias for MONERO (XMR)- Ranging Resistance Levels- $114.00, $116.00, $118.00 Support Levels- $104.00, $102.00, $100.00 XMR is in a range-bound market. The bears lost momentum at 106.24 in the support area on 22nd October. The bulls’ gradual return was signaled with a bullish engulfing candle that broke the 34 EMA and XMRUSD was up at 107.98 in the support area. Increased bullish momentum saw XMRUSD at 112.85 in the resistance area on 23rd on October. but closes with a wick which implies the bear are gradually back within the range XMR 4-hour chart XMR Price is above the 34 EMA and the relative strength index is at 66% but it signal points down which implies downward movement within the range may occur. XMR is in consolidation and trading between $112.42 in the upper resistance area and at $105.14 in the lower support area of the range. Traders are advised to be patient at this critical period for a breakout at the upper resistance area or a breakdown at the lower support area before taking a position. Continue Reading #Cardano Price Analysis ADA Daily Trading Signals: 24 October Published 1 hour ago on October 23, 2018 By Azeez Mustapha Dominant bias for CARDANO (ADA)- Bearish Resistance Levels- $0.08800, $0.09000, $0.09200 Support Levels- $0.07000, $0.06800. $0.06600 ADA is in a bearish trend. After the loss of the bullish pressure that saw ADAUSD at $0.07939 in the resistance area on 21st October, the bears’ return was gradual. Initially, the cryptocurrency was down to $0.07680 in the support area before closing same day. The increased bearish pressure led ADAUSD to $0.07610 before minor bullish pullback on 22nd October that pushed the cryptocurrency up $0.07771 in the resistance area. Today’s 4-hour opening candle at $0.07616 formed a bearish railroad an indication that the bears are back and price may head south. ADA 4-hour chart Price is below the 34 EMA a plus to the bears’ pressure coupled with the relative strength index signal pointing down it implies downward price movement of the cryptocurrency may be inevitable. The downward trendline serves as a strong resistance. Each touch of price on it result in a breakdown. A breakdown may be expected as the price is around it. $0.07200 in the support area may the initial bears’ target Continue Reading #Daily Price Analysis XRP Daily Trading Signals: 24 October Published 1 hour ago on October 23, 2018 By Azeez Mustapha Dominant bias for XRP- Ranging Resistance Levels- 0.6000 $0.6500, $0.7000 Support Levels- $0.3500, $0.3000. $0.2500 XRP continues in a range-bound market. The bears successfully took control of the market after the formation of a bearish railroad at $4617. XRP was initial down to $4567 and later to $4444 in the support area. Attempts to continue the downward journey within the range was rejected as a doji was formed, a good signal for reversal. The bulls did return and took XRP to $4853 in the resistance area. XRP 4-hour chart The morning star formation was confirmation for the bullish takeover within the range. The price rose $0.48534 in the resistance area. Price is above the two EMAs and the stochastic oscillator at 45% and its signal points up. This implies upward price movement within the range due to the bullish increased momentum. XRP is in consolidation and trading between $0.4819 in the upper resistance area and at $0.4425 in the lower support area of the range. Traders should be patient at this period and allow a breakout at the upper resistance area or breakdown at the lower support area before taking a position with good reversal candlestick pattern that confirms the direction. 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