The Hourly View for Monero
- At the time of this writing, XMR’s price is down $-1.16 (-0.45%) from the hour prior.
- This is the 2nd hour in a row Monero has seen its price head down.
- Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
- Of note is that the 50 hour changed directions on XMR; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Monero’s hourly price chart is shown below.
The Daily View for Monero
- At the time of this writing, XMR’s price is down $-1.5 (-0.59%) from the day prior.
- This is the 2nd day in a row Monero has seen its price head down.
- If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
- Of note is that the 20 day changed directions on XMR; it is now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Below is a daily price chart of Monero.
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