Good morning to all steemeans.
We are here again with a brief analysis to crypto MONERO, its current price is 163 usd, comes to bounce in a very important support at 160 usd and shows a signal of recovery to which we believe we can make profits.
These moments in the 4 hour chart we can see that the price is bouncing in 2 previous supports that have been tested several times.
The stochastic is oversold and the rsi at level 48.
In my opinion, I would wait to see if the price drops a little more, that the rsi is close to 30 or preferably oversold to enter a purchase.
For now it's all friends later I'll be sharing my analyzes and market insights, cryptos, icos and more.
I say goodbye thank you for your attention, have an excellent week.
Legal Disclaimer: All my analysis are just showing possibile scenarios and not predicting the future. Technical analysys gives wrong signals very often and it just give clues to reason on the future development of a financial product. The price move often in a unpredictable way. Never invest basing only on my predictions which can be wrong and always use a correct money management. I do it for personal interest for free, I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind.
