Monero Embrace The Bears:
Monero Embrace The Bears: XMR/USD trading at $73.348 at the time of the analysis with declines at the rate of -2.36%.
The cryptocurrency market has a major influence on bears with slight bullish influence for the past few days and has its influence on all of the alt-coins. Currently, all the alt-coins are embracing the bears except Tether. Tether makes way to the bulls showing a rebellious nature. Monero is embracing the bearish zone. At present Monero is in the initials of the bear trend. The three black crows make way to the negative slope. The coin is deviating from the resistance area and aims to reach the existing area of support.
XMR/USD Price Analysis And Forecast For September 13th, 2019 – Bearish Trend. The couple XMR/USD is sloping negatively at the rate of -2.14%. The moving averages at 73.763 look for bears. The orange and blue MACD’s at 0.220 and 0.066 showcases the bears engulfing the market. The RSI at 45.45 slopes down with buyers taking over the market. The price may range from $73.348 – $72.000.
Cancellation of the bears gives way to the bulls. This will seek sellers to supply more to reach the area of resistance. Then the price may range from $73.348 – $74.000..