A quick look at Monero (XMR)

Monero (XMR) has developed nicely early June and has more than tripled since! Apart from the very positive price movements, Monero is also very interesting to many people due to its anonymity and cash equivalent abilities. 

On the chart below you can see XMR have nicely developed into a point of quite heavy resistance. Volume has also picked up in the last days.

On this hourly chart you can see XMR just broke through resistance, made a quick bounce and resumed to break below.

I will be following XMR closely to see where it heads from here. If it manages to stay above the resistance line and establish itself in that area I would consider XMR very promising. Time will tell.