# Crypto Technicals: XMR/USD rejected at 200-DMA, scope for resumption of weakness

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/3456
Published: 2019-09-17T10:49:26.000Z
Updated: 2019-09-17T10:49:26.000Z
Section: Investing

> Support: 68.82 (61.8% Fib); Resistance: 77.35 (200-DMA)

[XMR/USD](<https://www.tradingview.com/symbols/XMRUSD/>) chart - Trading View

Exchange - Kraken

Support: 68.82 (61.8% Fib); Resistance: 77.35 (200-DMA)

Technical Analysis: Bias Bearish

Monero was trading 2.34% lower on the day at 73.45 at 10:15 GMT.

Recovery in XMR/USD was rejected at 200-DMA and the pair is on track to resume weakness.

Major trend is bearish and Stochastics RSI is showing a rollover from overbought levels.

The pair has ignored 'Hammer' formation on Monday's candle, upside remains capped below 21-EMA (75.78).

Price action continues in 'Sloping Triangle' pattern and Stochs and RSI have turned lower.

Next major support lies at 61.8% Fib at 68.82. Break below will see test of trendline support at 63.60.

On the flipside, 5-DMA is immediate resistance at 75.40. Upside continuation only above 200-DMA.

[TokenPost](<https://www.tokenpost.com/>) | info@tokenpost.com



## Links in this article

- [XMR/USD](https://www.tradingview.com/symbols/XMRUSD/)
- [TokenPost](https://www.tokenpost.com)