Monero trades 0.80% lower on Wednesday as crypto sentiment remains weak. There are some indications on the hourly chart that the price might be looking to fall. XMR/USD 1-hour chart Monero as been struggling as you can see from the hourly chart below. The price has started to make consecutive lower highs and lower lows staircasing to lower levels. In more recent times the lower high waves have been marked by the two black rectangles and the wave low has now been broken which is marked by the black horizontal line. This whole pattern suggest the price of XMR might fall further. In terms of targets, 50.00 has recently been the main support as buyers stepped in ahead of the level back on the 13th April. This level only seems logical as it is the next major support on the downside and its a round number. On February 4th there was also a large volume spike to the upside so watch out for some similar price action should we hit the level. Additional levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Crypto Today: Bitcoin edging towards another potential drop FX Street 2 years Monero trades 0.80% lower on Wednesday as crypto sentiment remains weak. There are some indications on the hourly chart that the price might be looking to fall. XMR/USD 1-hour chart Monero as been struggling as you can see from the hourly chart below. The price has started to make consecutive lower highs and lower lows staircasing to lower levels. In more recent times the lower high waves have been marked by the two black rectangles and the wave low has now been broken which is marked by the black horizontal line. This whole pattern suggest the price of XMR might fall… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
