Quotes of the digital currency XMR/USD continue to move in the framework of the correction. At the time of the publication of the forecast, the cost of Monero to the US dollar is 65.37. At the moment, we should expect an attempt to fall and a test of the support level near the 60.50 area. Then rebound and continued growth of the digital asset in the region above the level of 80.05.
Monero Analysis and Forecast April 14, 2019
The test of the support line on the relative strength index (RSI) will be in favor of the rise in XMR/USD quotes. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation option growth rate Monero April 14, 2019 will fall and the breakdown level of 56.00. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of the XMR/USD digital asset quotes to the area below 49.55. The growth will be confirmed by the breakdown of the resistance area and the close above 70.85.
Monero Analysis and Forecast April 14, 2019 implies an attempt to test the support level near the 60.50 area. Where can we expect a rebound and the continued growth rate of Monero with a goal above the level of 80.05. An additional signal in favor of lifting will be the test of the support line on the relative strength index (RSI). Cancellation of the growth option will be the breakdown of the support area and the closing of quotations below 49.55.