Supply zone: $120.00, $140.00, $160.00
Demand zone: $80.00, $60.00, $40.00
Downward tendency on the market is affecting XMR long-term attitude. The strong bullish compel pushed the value of XMR to $126.18 in the supply field, nearly to $122.60 which is higher than the last week.
Value sticks above the two EMAs crossover coupled with the stochastic oscillator in the purchase of excessive quantities region at 89% Its indication points up. These involve an ascendant price movement due to the bulls pressure in the long-term as more candles fashioned and closed overhead the crossover.
The double lowest formation illustrates that XMR stays bullish and value may go towards $140.00 in the supply field in the course of this new week.