Monero is one of the unique coins on the market today. A unique feature of the Monero, to grow when all the others fall, brightly highlights on the market's window.
The main reason for such behavior is the main feature of Monero, which makes irreplaceable for the ones who need anonymity from the possible government regulations of the crypto markets.
On the eve of the reports and conferences planned for the G20 summit, at which the heads of European countries are going to negotiate about bitcoin and other cryptos regulations the Monero looks like a safe haven for many.
So, while everyone was falling - XMRBTC broke the 0.03 resistance and turned it tot he support. Now XMR is getting close to the 0.0355 peak (2017.08.27), an overcoming of this hight will highlight Monero among others even more.
Nonetheless, overcoming of the 0.03 - 0.035 zone will not pass easily. The coin is in an overbought pattern, so corrections to the 0.03 support look logical.
Trading levels for today are 0.032 from the downside, 0.033 from above and Trend Line of the latest uptrend.
The main reason for such behavior is the main feature of Monero, which makes irreplaceable for the ones who need anonymity from the possible government regulations of the crypto markets.
On the eve of the reports and conferences planned for the G20 summit, at which the heads of European countries are going to negotiate about bitcoin and other cryptos regulations the Monero looks like a safe haven for many.
So, while everyone was falling - XMRBTC broke the 0.03 resistance and turned it tot he support. Now XMR is getting close to the 0.0355 peak (2017.08.27), an overcoming of this hight will highlight Monero among others even more.
Nonetheless, overcoming of the 0.03 - 0.035 zone will not pass easily. The coin is in an overbought pattern, so corrections to the 0.03 support look logical.
Trading levels for today are 0.032 from the downside, 0.033 from above and Trend Line of the latest uptrend.
