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IOTA {MIOTA}, Monero {XMR} price prediction for November 2019

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According to the candlestick chart connected to the IOT/USD pair on tradingview [based on data obtained from the Bitfinex Exchange], this major virtual currency has continued consolidating for more than a month. Barriers may be felt near $0.2931, and initial support lies adjacent to $0.2595 for now. From 6th November onwards, the peaks tied to the Awesome Oscillator both possessed the green shade, which can be interpreted as a sign of relief brought about by buyers.

The daily RSI [for 14 periods] declined by 5 points to reach 50.07. This indicates that $MIOTA may venture toward oversold territory by mid-November. The MACD line is about to intersect with the signal line, which would prompt the histogram to switch and change color. A bigger plunge would bring $MIOTA towards $0.25.

In accordance with the candlestick chart linked to the XMR/USD pair on tradingview [based on data drawn from the Poloniex Exchange], one can ascertain that buyers have begun to back $XMR although their pace has been remarkably gradual. This would be a perfect moment for HODLers to capitalize, as Monero looks to be on the verge of a major bull-run.

The barriers at $70.8432 may be broken soon. Initial support can be found near $56.1807. The daily RSI sits at 63.51 which indicates that Monero can potentially land in overbought territory shortly. The gap between the MACD line and the signal line has been reduced [although MACD’s descent hasn’t been noticeable], resulting in the creation of a faded green histogram.

For the past week, the Awesome Oscillator peaks have all been established north of the zero line. Their emerald shade signifies that bullish momentum is building.

IOTA is ranked at #18 in the market to the north of Cosmos. So far, the price has decreased at a nominal rate of 2.25% in the course of the past 24-hours. The trading volume recorded is $6.629 million. As of this very moment, the total market cap of IOTA amounts to $764.801 million. $MIOTA itself is priced at $0.275155 for now.

Monero is positioned at #13 in the market and may head further north by the following week. The price climbed at a rate of 1.64% in a matter of hours; which, in turn, helped $XMR soar all the way up to the $65.04 mark where it currently holds. The trading volume recorded stands at approximately $293.853 million, whereas the supply has 17,295,986 XMR coins involved as part of circulation. The total market cap of Monero is $1.124 billion.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.