XMRBTC closes higher for the 3rd day in a row
XMR/BTC Index (XMRBTC) Technical Analysis Report for Sep 15, 2018
Moving higher for the 3rd day in a row, XMRBTC finished Saturday at 0.01830 gaining BTC0.00055 (3.1%). Today's closing price of 0.01830 marks the highest close since September 4th. Closing above Friday's high at 0.01798, XMR/BTC confirms its breakout through the previous session's high having traded BTC0.00076 above it intraday.
Saturday's trading range was BTC0.00083 (4.62%), that's below last trading month's daily average range of BTC0.00121. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly above average.
Unable to break through the key technical resistance level at 0.01838, the cryptocurrency closed below it after spiking as high as 0.01874 during the day. The failure to close above the resistance might increase that levels importance as resistance going forward.
Though still in a long-term downtrend, the short and medium-term trends both turned bullish already.
As prices are trading close to September's high at 0.01921, upside momentum could accelerate should the market mark new highs for the month.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.
Market Conditions for XMR/BTC Index
|Condition||Forecast||Direction||Direction||Win Rate||Win Rate||Exit Day||Exit Day||Events|
|2 Consecutive Lower Closes||TQ Pro Members Only|
|Close near low of period||TQ Pro Members Only|
|Closed below last periods low||TQ Pro Members Only|
|Bearish Outside Bar||TQ Pro Members Only|
|Bearish Break through SMA 100||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
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