The XMR cryptocurrency is a dark horse in the crypto market. XMR has not ended its fall wave since May 2021. While other cryptocurrencies have shown updates of their historical highs between July and September 2021 XMR was able to partially correct the weekly candle from 17 May 2021. However, during the fall of the market on 9 May XMR showed local initiative and desire to grow. At a time when the BTC price was falling during May, XMR often rose in opposition to Bitcoin. Source: https://www.tradingview.com/x/NPqocwhS/ However, the local initiative was completely destroyed by the last fall wave from 6 June. Buyers allowed sellers to update the local low from 9 May and bring price closer to the last important level – the $110 range. The last time the coin price was in this range was in November 2020. It was after breaking and fixing above this range that the XMR price made the growth wave to $519. Losing this range will open the way for sellers to the $80 mark. It is in this mark that you should buy XMR if the price on the weekly timeframe breaks $110 and stays below this mark. XMR Technical Analysis On The Daily Timeframe Source: https://www.tradingview.com/x/Rr7WpCXm/ Analyzing the price movement of XMR on the daily timeframe, there are some chances for a price reversal. If the weekly timeframe on the trading volumes does not show any interest from buyers, then on the day we see increased volumes in the range of $110-$140. Sell...
