TL; DR Breakdown Yesterday, XMR/USD was in a bullish trend.The general cryptocurrency market is bullish.Day traders should buy Monero and hold it until the price. Monero price analysis: General price overview Yesterday, XMR/USD was in a bullish trend. On the other hand, the coin experienced a powerful bear movement before closing yesterday’s Monero price analysis. When the daily price chart set in, this bearish pattern was reversed, pushing prices upward and forming head and shoulder trends to the intraday highs of $285, where it met stiff resistance from bears that caused the price to drop somewhat. The Bollinger is wide in most trading sessions on the daily Monero price analysis chart, with the price trading towards the upper band. This is a bullish signal and an indication of a highly volatile market. Bulls are battling back for the lead as the price of Monero continues to rise, according to the 1-day Monero price analysis. The cryptocurrency market has been very active this past week, with prices continuously dropping. The buyers fell apart after the price hit $286, which was much more significant than anticipated. They have successfully moved the price to $285.2, having dropped it below $260. The moving average (MA) is still higher than during the previous week, which means that the bears are in front by a small margin: It stands at approximately $261. Source: Coin360 The general cryptocurrency market is bullish, ...
