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Weekly forecast Monero technical chart
Symbol XMRUSD

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMarch 12, 2023 - 11:45
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 115.5, beginning of uptrend is expected.
  • We make sure when the resistance at 187.0 breaks.
  • If the support at 115.5 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 169.0 on 02/20/2023, so more losses to support(s) 134.0 and minimum to Major Support (115.5) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 40.

Symbol Released Current Forecast
Monero (XMRUSD) Mon, 4 Mar 2024
Monero (XMRUSD) Sun, 4 Feb 2024
Monero (XMRUSD) Sun, 28 Jan 2024
Monero (XMRUSD) Sun, 21 Jan 2024
Monero (XMRUSD) Mon, 15 Jan 2024