WHAT'S NEW IN XMR

Good afternoon steemians.

This afternoon we have a look at XMR, at the moment it has a usd value of 163, at the beginning of December it had a maximum around 480 usd.

Now we enter our analysis, to see the 4 hour chart we see that we are close to 2 main supports one at 150 usd, and the closest to 160 usd, both coincide with rdondos or psychological supports.

Fuente

In this time frame both the stochastic and the rsi are at an intermediate level, an interesting option would be to wait for the 160usd level to be tested and for both indicators to approach 30.

In the 1 hour chart we can clearly see these supports.
The stochastic is oversold and the rsi at 40.

Fuente

In my opinion you could wait for it to touch the level of 160 usd or enter a quick purchase and take profits in the fast upload.

For now it's all friends later I'll be sharing my analyzes and market insights, cryptos, icos and more.

I say goodbye thank you for your attention, have an excellent week.

Legal Disclaimer: All my analysis are just showing possibile scenarios and not predicting the future. Technical analysys gives wrong signals very often and it just give clues to reason on the future development of a financial product. The price move often in a unpredictable way. Never invest basing only on my predictions which can be wrong and always use a correct money management. I do it for personal interest for free, I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind.