InvestorsObserver gives Monero an average long-term technical score of 51 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. XMR at this time has a superior long-term technical analysis score than 51% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.
What do the Long-Term Technicals Predict for Monero (XMR) Sunday?
InvestorsObserver is giving Monero a 51 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Monero!