Tezos, Monero, NEM Price Analysis: 19 August

Bitcoin and Ethereum slowly began to reverse their losses, nevertheless, altcoins noticed some impartial motion on the charts. Tezos climbed by 2% whereas Monero traded under its $257.25 assist stage. Lastly, NEM recorded sideways motion by itself worth chart. 

Tezos [XTZ]

Tezos, Monero and NEM Price Analysis: 19 August

XTZ/USD, TradingView

XTZ reversed a few of its latest losses because it climbed up by 2% during the last 24 hours. It bounced off the $3.25 assist stage because the alt was priced at $3.45. XTZ eyed the instant resistance stage of $3.57. Technicals emanated combined indicators for Tezos. 

Shopping for strain had recovered because the Relative Energy Index moved up close to the 40-mark. The Superior Oscillator flashed inexperienced sign bars validating the aforementioned assertion about shopping for strain recovering. 

Whereas the MACD stored displaying crimson histograms, the identical was receding over the previous few periods.

In case the worth stays across the mentioned stage over the subsequent few buying and selling periods, XTZ might land on $3.25 after which contact $2.95.

Monero [XMR]

Tezos, Monero and NEM Price Analysis: 19 August

XMR/USD, TradingView

XMR dipped by 1.7% during the last 24 hours because it lower under its assist stage of $257.25. The altcoin was buying and selling at $254.65. With a sustained downtrend, the subsequent assist stage for the alt lay at $233.25. The symptoms flashed bearish worth indicators for the coin on the four-hour buying and selling chart. 

The Superior Oscillator noticed crimson sign bars implying a downtrend in worth. In accordance with the identical, the MACD additionally displayed crimson histograms, albeit declining ones. 

The Bollinger Bands famous sharp divergence which signified that market volatility might enhance over the approaching buying and selling periods. 

In case of an uptrend, XMR can take a look at $275.58 for the fourth time in the identical month. 


Tezos, Monero and NEM Price Analysis: 19 August

XEM/USD, TradingView

XEM had began to register sideways motion because the coin solely dipped by 0.9% during the last 24 hours. The token was priced at $0.190, nevertheless, with a hike in promoting strain, it might commerce close to its instant assist stage of $0.173. 

The Superior Oscillator flashed combined indicators. Nonetheless, the indicator displayed a majority of crimson sign bars, implying that the bears have been nonetheless accountable for the costs. The Parabolic SAR additionally indicated a downtrend with dotted strains aligned over the candlesticks.

Lastly, the MACD noticed crimson histograms though they have been dropping energy because the indicator approached a bullish crossover. 

If the alt breaks its consolidation and strikes up north, the resistance ranges would lie at $0.208 and $0.224.

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By Xnode24

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