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..
Monero Entertains The Bears – XLM/USD trading at $81.649 at the time of the analysis and tends to decline at -5.13. The cryptocurrency market raised with intense positive bulls with sudden drop to extend the bears. This maybe mainly due to buyers influencing the market as many alt-coins tend to overbuy and rest aiming to reach the support area. Currently all the alt coins make way to the bears. Monero breaks the bullish trend to bears since yesterday. XLM/USD has majorly influenced market to move towards the bear. The coin aims to test new areas of support.
XLM/USD Price Analysis And Forecast For August 21th 2019 – bear zone. The couple XLM/USD aims at testing new support areas decline at the rate of -5.05. The moving averages at 83.386 depicts bearish trend. The orange and blue MACD’s at -0.828 and -1.008 shows adverse decline. The RSI at 26.98 shows decrease in sellers participants as the buyers are playing majorly in the market. Its high time sellers need to start engaging themselves in the market. The price may vary from $81.649 – $80.00
Cancellation of the above decline might shift the trades with the sellers engaging themselves. Then the price may range from $81.649 – $83.965.