Hi, there! Monfex is at your service and today we overview XMR/BTC.
XMR near the resistance zone and MA200 also there. And this bullish movement in the last week has been support with a bullish divergence by RSI.
A breakout of the key level with confirmation and consolidation of the price above it will be a good trade if this happens in the near future.
For now Monero has a bearish divergence and this tell us to look at some sell position. And globally by Monero we have a bearish trend.
Supposed Trade Signal by XMR/BTC
Sell near 0.007260
Take profit ~ 0.006310
Stop loss at 0.007548
Market Cap $999 452 535 USD
Volume (24h) $102 505 296 USD
Circulating Supply 17 270 955 XMR
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Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.