Monero (XMR) trading cryptocurrency market update for Jul 25, 2019

Jul 26, 2019 --- Altcoins

Daily Chart

Monero v's Bitcoin is still hovering around the 0.0082 level on neutral SCMR signals and small and mixed candle formations that are struggling with the flatlining EMA's, which is keeping short-term market structure uncertain, all pointing to even more consolidation as we get closer to the weekend. The lackluster momentum and volume indications confirm this outlook, and the longer-term forecast remains bearish, however, we continue to think that a test of the 0.00x region is more likely than a breakdown below 0.00xx over the coming days.

Short term Members ProTrade - No trade idea right now

Medium-term Members ProTrade - We will consider a small LONG position on another retracement back down to the 0.00xx - 0.00xx area with a stop just below 0.00xx and a target of 0.00xx.

Long term Members ProTrade - We will consider a LONG position on a selloff down to the 0.00xx - 0.00xx area with a stop around 0.00xx and a target of 0.0xx.

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