Monero continues ranging in the medium-term outlook. XMR/USD Short-term Trend: Bullish
The cryptocurrency is in a bullish trend in the short-term outlook. The loss of momentum by the bears at $119.00 in the demand area after dropping price from $126.00 in the supply area return the bulls to the market. The large engulfing candle leaving this area confirm this.
Monero is an anonymous cryptocurrency, considering that most of other cryptocurrencies are pseudonymous. Which makes this cryptocurrency popular. The forecast for the calendar year end of 2018 is around $ 650.
Like most of the crypto it has fallen down from a higher price, which means that it might be a good idea to buy it at the current prices, to ensure a good profit in a coming years, forecast of which is close to $ 2000 within next few years.
It looks like MONERO is an option you could consider to invest in.
Trade with caution and on your own risks, all predictions are mine.
The cryptocurrency is in a bullish trend in the short-term outlook. The loss of momentum by the bears at $119.00 in the demand area after dropping price from $126.00 in the supply area return the bulls to the market. The large engulfing candle leaving this area confirm this.
Monero is an anonymous cryptocurrency, considering that most of other cryptocurrencies are pseudonymous. Which makes this cryptocurrency popular. The forecast for the calendar year end of 2018 is around $ 650.
Like most of the crypto it has fallen down from a higher price, which means that it might be a good idea to buy it at the current prices, to ensure a good profit in a coming years, forecast of which is close to $ 2000 within next few years.
It looks like MONERO is an option you could consider to invest in.
Trade with caution and on your own risks, all predictions are mine.