XMR has conquered the $220 zone and it is correcting to this zone for a retest. If it doesn't lose this zone, it will rally back to $260 and $340 this August. But if it loses the $220 zone, it will fall back to the $180 zone

🔴Buy : 215-225$. SL if B 🔴Buy : 254-266$ if A. SL if B
🔴Sell : 254-266$. SL if A 🔴Sell : 333-347$. SL if A
🔵Sell : 215-225$ if B. SL if A 🔵Buy : 176-184$. SL if B
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • Monero (XMR) is a Proof-of-Work cryptocurrency, which started in 2014. Its focus is on privacy, security, and untraceability. It relies on private and censorship-resistant transactions and aims to provide “fast, inexpensive payments to and from anywhere in the world”.
  • Through the use of ring signature cryptography and other features like stealth addresses, Monero aims to make transactions both private and anonymous, hence solving some of the issues of large PoW cryptocurrencies like Bitcoin, such as lack of fungibility and transaction traceability .
  • It also focuses on ASIC-resistance. Since December 2019, RandomX has replaced CryptoNote, deprecating the need for biannual upgrades.
  • Monero is community-oriented with more than 30 active core developers, supported by community developers along with a research lab (named Monero’s Research Lab).