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Crypto Technicals: XMR/USD extends weakness, slips below 100, bias turning bearish
XMR/USD chart - Trading View
Exchange - Binance
Support: 90.85 (50-DMA); Resistance: 113.32 (5-DMA)
Technical Analysis: Bias turning bearish
Monero fails to track gains in Bitcoin prices, bias is turning bearish.
XMR/USD is extending weakness for the 2nd straight session.
Upside was capped at 88.6% Fib and price action slipped below the $100 mark to hit weekly lows at 95.47.
Technical indicators are turning bearish. Stochs and RSI are on verge of rollover from overbought levels.
5-DMA is showing a turn and volatility is rising on the intraday charts.
Price action is consolidating break below 200H SMA and close below 21-EMA will see further downside.
Failure to close below 21-EMA will see some consolidation before the next directional move.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.