Monero technical analysis: XMR/USD keeps trudging along sluggishly

Published date: 10 Dec. 2019 | 06:12

XMR/USD has found support at the SMA 20 curve.
MACD indicator shows increasing bullish momentum.

XMR/USD daily chart

XMR/USD keeps trudging along horizontally, as the price fell from $54.50 to $53.80 and has found support on the 20-day Simple Moving Average (SMA 20) curve. The 20-day Bollinger jaw has narrowed, showing decreasing market volatility. The Moving Average Convergence/Divergence (MACD) indicates increasing bullish momentum, while the Elliott Oscillator has had six straight green sessions.

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