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 resumes weakness, upside rejected at 200-DMA - EconoTimes)
XMR/USD chart - Trading View
Exchange - Kraken
Support: 72.25 (5-DMA); Resistance: 75.65 (200-DMA)
Technical Analysis: Bias Bearish
XMR/USD trades 2.54% lower on the day at 73.35 at 10:00 GMT, bias bearish.
The pair halted upside, was rejected at 200-DMA which offers stiff resistance at 75.65.
RSI is well below 50 mark and price action is below cloud and major moving averages.
5-DMA is immediate support at 72.25. Break below will see dip till 61.8% Fib at 68.82 ahead of trendline support at 64.85.
200-DMA is strong resistance at 75.65. Break above finds next major resistance at 21-EMA at 77.14.
