XMRUSD ends the day on a bearish note closing near the low of the day
Moving lower for the 2nd day in a row, XMRUSD ended Saturday at 88.88 losing $2.51 (-2.75%). Today's closing price of 88.88 marks the lowest close since November 5, 2017. Closing below Friday's low at 90.09, the cryptocurrency confirms its breakout through the previous session's low having traded $1.84 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.
Saturday's trading range was $4.41 (4.82%), that's far below last trading month's daily average range of $10.02. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly above average.
Prices are trading close to the key resistance level at 92.91.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
While classical technical analysis indicates a slightly bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for XMR/USD Index
|White Candle||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Price broke through Technical Resistance R1||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
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