XMRUSDT H4Looking at the H4 chart, my overall bias for XMRUSDT is bullish, however we have the MM200 which I believe may visit before starting its bullish run. RSI shows an exhaustion of selling forces and besides XMR has just touched the lower edge of the Keltner Channel, which could be indicative of a pull back, the Ichimokut cloud also indicates a rise as it exerts a gravitational pull on the asset, both up and down.
Here are the supports and resistances:
S: 157.2 / 154.1
A: 165.9 / 168.3
Fundamentally speaking XMR is one of those high octage altcoins. Monero Privacy Coin, uses proof-of-work consensus mechanism to validate transactions and add them to the blockchain, it also uses the combination of stealth addresses and ring signatures to provide greater privacy and anonymity for its users.