Cryptocurrency Monero on Wednesday, September 5, slightly reduced in tandem with the US dollar and is worth $138,06. This month the virtual currency “feels” very good. The growth rate of Monero began on August 31, and while the momentum remains in place despite a “slow” purchases, according to a leading analyst RoboForex Dmitry Gurkovsky.
Short-term trading horizon for Monero is still positive. Growth may face obstacles close to the intermediate resistance $140,00-140,50, but if this threshold is passed, a new goal of lifting will move to the level of $149,00.
On the other hand, Monero is likely to go down in terms of technical correction to $132,50 (the first important support) and $126,60 (a second support). If these marks are broken down, Monero will go South, in the area is $120.00.
Thus the key support is around $126,60. Significant resistance stands at $140,50. The MACD on the daily chart are growing in the positive area and confirms the earlier signal to buy. The Stochastic oscillator also maintains a growing momentum, rises in the positive zone and indicates purchases.
Among the interesting for Monero fundamental news worth noting information about the analysts Satis Group who said about the enormous growth potential the price of the cryptocurrency in the future. The intent is that the milestone of 18 000 USD, till the end of 2030.
Company Satis Group employed in the area of ICO consulting. She created a model that uses observation and analysis of cryptocurrency. For Monero was used this model, and it reflected the growth potential of the company’s capitalization to 3.57 trillion USD. As they say in Satis Group, Monero seems to be one of the most undervalued cryptocurrency.
The nuances, as usual, lie in the details. The potential growth rate for the Monero 391 38% in 10 years opportunities based on criminal or unlawful use of the digital currency. We can assume that we are talking mainly about the “laundering” of capital or concealment of illegally obtained income.
Cryptocurrency Monero is anonymous, and observers believe that the world States absolutely nothing leave out of sight like the option of leaving the money “in the shadow”. By the way, Bitcoin (according to the simulation Satis Group) growth potential in a 10-year term is 1941%, Dash – 1459%, Litecoin, 262%, ZEC – at least 6177%, and Ripple and Bitcoin Cash have to lose 99% and 68%, respectively.
Attention!
Forecasts financial markets are private opinion of their authors. The current analysis is not a guide to trade. RoboForex is not responsible for the results that can occur when using trade recommendations submitted reviews.
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