The Hourly View for Monero
- At the time of this writing, XMR’s price is down $-0.25 (-0.12%) from the hour prior.
- This is the 2nd hour in a row Monero has seen its price head down.
- As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe.
- Most noteworthy in the world of moving averages on the hourly chart is that the 200 hour moving average has been crossed, so that price is now turning below it. 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 moment, XMR’s price is up $3.56 (1.73%) from the day prior.
- Monero has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
- If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
- 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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