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Crypto Technicals: XMR/USD continues sideways grind, finds strong support at 21-EMA

Wednesday, April 17, 2019 11:20 AM UTC

XMR/USD chart - Trading View

Exchange - Bifinex

Support: 66.18 (200-DMA); Resistance: 74 (Trendline)

Technical Analysis: Bias Neutral to Slightly Bullish

- Monero is extending sideways grind along 200-DMA
- Technically XMR/USD price retains an upside potential
- Price action is above daily cloud and major EMAs on the daily charts
- RSI converges with price action, Stochastics RSI is at oversold and on verge of rollover
- The pair has held support at 21-EMA in the past few sessions, weakness likely on break below
- Upside continuation will see test of 74 (trendline resistance)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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Crypto Technicals: XMR/USD continues sideways grind, finds strong support at 21-EMA

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