Monero (XMR) Long Term Price Analysis – February 19

  • The price of Monero targets the high of $55 after breaking the $50 price level.
  • On the upside, the crypto is likely to rise if the bulls sustain a price above the EMAs.

XMR/USD Long-term Trend: Bullish

  • Resistance levels: $120, $130, $140
  • Support levels: $50, $40, $30     

The price of Monero is in the bullish trend zone. On February 8, the crypto began trading above the 12-day EMA and the 26-day EMA. That is in the bullish trend zone. In retrospect, the price of Monero was in the bearish trend zone since January 10. At the bearish trend zone, the crypto was trading below the $46 price level.

Today the crypto is in the bullish trend zone, and it is trading above the $48 price level. On February 18, the crypto was in a bullish trend as the bulls broke the $50 resistance level and reached a high of $52 .On the upside, the crypto is likely to rise but may face resistance at $55 price level. Also, the bulls have to sustain a price above the EMAs. On the other hand, if the bears break below the  EMAs, the crypto will fall to the bearish trend zone. In other words, resume its downward trend.

Monero, XMRUSDMonero Chart By Trading View

Meanwhile, the Stochastic indicator is in the overbought region but below the 80% range. This indicates that the crypto’s price is in a bullish momentum and a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the price is in the bullish trend zone.

 

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.                 

Chainalysis Launches Real-Time Suspicious Transaction Alerts for 15 Cryptocurrencies

Blockchain intelligence firm Chainalysis has introduced "suspicious cryptocurrency transaction alerts" in "Chainalysis Know Your Transaction (KYT)", its "real-time anti-money laundering (AML) compliance solution".

Chainalysis, which was founded in 2014 by Dr. Michael Gronager (the current Chief Executive Officer), Jan Moller (the current Chief Technology Officer), Jonathan Levin (the current Chief Operating Officer), is a company with two main products:

  • Chainalysis Reactor -- its investigation software suite
  • Chainalysis Kknow Your Transaction (KYT) -- its compliance software suite

Chainalysis KYT supports "real-time transaction screening"; "case management capabilities"; "enhanced due diligence"; and "KYT for token issuers".

In a press release published on its blog on Thursday (August 22), Chainalysis says that Chainalysis KYT's alerts are "designed to help cryptocurrency businesses and financial institutions mitigate exposure to regulatory and reputational risk by helping compliance teams focus on the most urgent activity and enforce compliance policies while better allocating resources."

John Dempsey, VP Product, Chainalysis, had this to say:

As lawmakers and regulators focus their attention on the industry, it is more critical than ever that cryptocurrency businesses demonstrate compliance best practices.

According to Chainalysis, this new feature results in alerts being generated "whenever a transfer involves a risky counterparty and crosses a value threshold." Alert levels (Severe, High, Medium, and Low) are "based on factors such as category, service, direct versus indirect exposure, direction of funds, and amount," and are available for all 15 cryptocurrencies that Chainalysis supports (including BTC, ETH, BCH, LTC, USDT, and DAI).

Michael Breu, Gemini's Chief Compliance Officer, also chose to comment on this announcement:

As a New York Trust company we are required to monitor transactions on and off our platform. Tools like KYT alerts, which provide real time and ongoing blockchain analysis, coupled with Gemini's own compliance policies, help us meet our regulatory obligations.

 

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