• Monero trades over 2% higher on Friday but meets some resistance at the 50% Fib level.
  • The market is still firmly in a bullish trend and might find support at the psychological 60.00 mark.

XMR/USD daily chart

Monero is still moving higher on Friday and trades up around 2% but the bulls have been halted in their tracks. The 50% Fibonacci retracement zone if often one of the strongest ones and it seems like the price has stalled right at the level. It is an interesting development as yesterday the price moved above the 200 simple moving average and the pair seemed very bullish. 

Looking closer at some of the other indicators, the relative strength index indicator still has some space to move higher. The indicator is still firmly above the 50 mid-point in bullish territory and has a very clear upward angle. The volume at the bottom still looks very light and if you zoom in on some of the intraday charts the down candles seem to have more backing.

Monero stalls at 50% Fib

Additional levels

XMR/USD

Overview
Today last price 60.479
Today Daily Change 1.2681
Today Daily Change % 2.14
Today daily open 59.2109
 
Trends
Daily SMA20 55.7833
Daily SMA50 50.5492
Daily SMA100 62.5904
Daily SMA200 58.7342
 
Levels
Previous Daily High 61.0032
Previous Daily Low 56.365
Previous Weekly High 57.4679
Previous Weekly Low 51.0848
Previous Monthly High 70.2655
Previous Monthly Low 26.0055
Daily Fibonacci 38.2% 59.2314
Daily Fibonacci 61.8% 58.1368
Daily Pivot Point S1 56.7162
Daily Pivot Point S2 54.2215
Daily Pivot Point S3 52.078
Daily Pivot Point R1 61.3544
Daily Pivot Point R2 63.4979
Daily Pivot Point R3 65.9926

 

 


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