Monero Technical Analysis: XMR/USD $100 mark in trouble again

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  • Monero XMR price crashes through key near-term support on Wednesday, down as much as 1.90%.
  • XMR/USD was being supported by an ascending trend line, which had been comforted since 29th October.

 

XMR/USD 4-hour chart


 

Spot rate:                   106.96

Relative change:       -1.90%

High:                          112.70

Low:                           106.80

 

Trend:                        Bearish

 

Support 1:                  105.06, 3 November low area & support.

Support  2:                 100.98, 29 October low.

Support  3:                 100.00, psychological support & demand area.

Resistance 1:             107.97, underneath breached trend line.

Resistance 2:             109.16, 50MA (4-hour).

Resistance 3:             114.00, choppy supply area. 

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