XMR/USD chart - Trading View
Exchange - Kraken
Support: 54.90 (78.6% Fib); Resistance: 61.21 (21H EMA)
Technical Analysis: Bias Bearish
Monero (XMR) edges lower from session highs at 61.73, recovery capped below Wedge base.
XMR/USD is extending previous session's plunge, was trading 1.51% lower on the day at 58.19 at 10:30 GMT.
Rising volatility, bearish MACD crossover on signal line and strong bearish momentum to see further weakness.
That said, oscillators at oversold levels and price action below lower Bollinger band raises scope for minor upside or consolidation before next leg lower.
Immediate support is seen at 78.6% Fib at 54.90 ahead of 49.45 (Mar 26 low). Break above 5H SMA (58.84) to see gains upto 21H EMA at 61.23.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD stays defensive ahead of key U.S. inflation data
EUR/USD Defies ECB Rate Hike to Reclaim 1.1600: Technical Setup Points to Buy-on-Dips Opportunity
FxWirePro: GBP/NZD gains some upside momentum but still bearish
JPY Major Currency Score: All Bearish
Gold Loses Luster Amid Rising US Bond Yields, Iran Conflict; Sell on Rallies Advised
FxWirePro: EUR/NZD eases after hot US CPI data
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY slips as yen firms after hot Japan's wholesale inflation data
FxWirePro: GBP/AUD struggle to extend its recovery, good to sell on rally 



