FxWirePro- XMRUSD (Chart of the day)

Monero is a currency and can be exchanged for goods, services, and other currencies, privately and with very low fees

Recent news-

We're excited to share that a pull request has been made for the Full-Chain Membership Proofs (FCMP++) integration into Monero! The pull request is a work in progress and will be improved upon and reviewed to ensure the soundness of the implementation, According to Monero.

Full-Chain Membership Proofs, as a concept, is a replacement for rings within the Monero protocol. Rings are useful for sending privacy to Monero and they are facing attacks such as (Eve-Alice-Eve) EAE attack.

XMRUSD performed well in the past two days.

Any daily close above $180 confirms further bullishness.

XMRUSD gained more than 6% in the past two days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $165.55 and is currently trading around $164.09.

The bullish invalidation can happen if the pair closes below $140. On the lower side, the near-term support is $160.Any break below target $150/$140/$134/$115. significant downtrend if it breaks $100.

The immediate resistance stands at around $167.69 (61.8%fib). Any breach above confirms bullish continuation. A jump to $180/$200/$216  is possible. A surge past $216 will take it to $229/$250.

It is good to buy on dips around $155 with SL around $140 for TP of $200.