Monero (XMR) trading cryptocurrency market update for Jun 28, 2019

Jun 30, 2019 --- Altcoins

Monero (XMR) trading cryptocurrency market update for Jun 28, 2019

Weekly Chart

 

Monero v’s Bitcoin has recovered off of the lows from yesterday but still doesn't look good from a longer-term technical perspective considering SCMR is still painting a large red signal on a bearish candle formation that has broken market structure, none of which is good news for the bulls, and neither are the falling moving averages, the multiple levels of dynamic resistance overhead, the lackluster volume indications, and the increasingly bearish Ichimoku Cloud, so the bias is still to the downside overall. That said, we continue to think the bulls will start to get sustainably active again above the long-term trendline which sits around 0.007 which is where we will consider buying if given the opportunity. 

Short term Members ProTrade - No trade idea right now

Medium-term Members ProTrade - No trade idea right now

Long term Members ProTrade - No trade idea right now

 

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