XMR Technical Analysis: The Growth Wave Is Incomplete

Quiet peaceful trail, sometimes much better than a steep bridge over a stormy river. This is probably the opinion of XMR buyers, shaping the local growth trend. However, is this really good, given the current situation in the cryptocurrency market? During the trading month on the XMR market, the price rose by 23%. Quite passive growth, given its dynamics during the weekly candle of 7 March. Interestingly, with each passing XMR trading week, the trading volumes are declining. However, even under such conditions, buyers manage to push the price up to the target of $280. In the last two trading weeks, buyers have had problems near the local mark of $220. As we can see in the chart, the price for 2 weeks is at the gates of this mark. Stopping the price near the local mark signals to us the weakness of buyers and lack of strength to continue growth without correction. Therefore, in the event of an unsuccessful attempt to break the $220 mark during the trading week of 4 April, we will expect a local price reduction. The main target for maintaining growth dynamics is $190. Buyers have repeatedly kept the price near this mark since June 2021. In the case of the beginning of the local correction, it is best to buy low-risk XMR near the $190 mark. However, it is not a fact that such a correction will take place, and that is why. Technical Analysis Of XMR On The Daily Timeframe https://www.tradingview.com/x/Ee0kR1bR/ Analyzing the XMR pr...