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MONERO - XMR/ETH
MONERO - XMR/ETH
- ETH (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: XMRETH
ISIN:

MONERO - XMR/ETH - Daily - Technical analysis published on 07/16/2020 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Neutral
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.274200 ETH
My targets
0.326233 ETH (+11.10%)
0.378381 ETH (+28.86%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for MONERO - XMR/ETH as long as the price remains well above 0.274200 ETH. The buyers” bullish objective is set at 0.326233 ETH. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.378381 ETH. If there is any crossing, the next objective would be the resistance located at 0.426488 ETH.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The MONERO - XMR/ETH price is 0.293633 ETH. On the day, this instrument lost -1.42% and was traded between 0.293048 ETH and 0.301639 ETH over the period. The price is currently at +0.20% from its lowest and -2.65% from its highest.

0.293048
0.301639
0.293633

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by MONERO - XMR/ETH:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of MONERO - XMR/ETH in Daily shows a neutral overall trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.230333 0.274200 0.288842 0.293633 0.326233 0.378381 0.426488
Change (%) -21.56% -6.62% -1.63% - +11.10% +28.86% +45.25%
Change -0.063300 -0.019433 -0.004791 - +0.032600 +0.084748 +0.132855
Level Intermediate Major Intermediate - Intermediate Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2618650.2714450.2846550.2942350.3074450.3170250.330235
Camarilla0.2915980.2936870.2957760.2978650.2999540.3020430.304132
Woodie0.2636800.2723530.2864700.2951430.3092600.3179330.332050
Fibonacci0.2714450.2801510.2855290.2942350.3029410.3083190.317025


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2506740.2588830.2730420.2812510.2954100.3036190.317778
Camarilla0.2810490.2830990.2851500.2872000.2892500.2913010.293351
Woodie0.2536480.2603710.2760160.2827390.2983840.3051070.320752
Fibonacci0.2588830.2674280.2727070.2812510.2897960.2950750.303619


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2548230.2615370.2717680.2784820.2887130.2954270.305658
Camarilla0.2773400.2788930.2804470.2820000.2835530.2851070.286660
Woodie0.2565830.2624160.2735280.2793610.2904730.2963060.307418
Fibonacci0.2615370.2680100.2720090.2784820.2849550.2889540.295427

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 61.17
MACD (12,26,9): 0.0026
Directional Movement: 15.001219
AROON (14): 42.857140
DEMA (21): 0.285624
Parabolic SAR (0,02-0,02-0,2): 0.272463
Elder Ray (13): 0.012989
Super Trend (3,10): 0.268642
Zig ZAG (10): 0.296199
VORTEX (21): 1.1027
Stochastique (14,3,5): 73.47
TEMA (21): 0.290244
Williams %R (14): -22.55
Chande Momentum Oscillator (20): 0.015333
Repulse (5,40,3): 1.7444
ROCnROLL: 1
TRIX (15,9): 0.0095
Courbe Coppock: 4.67
MA7: 0.288178
MA20: 0.281671
MA50: 0.280610
MA100: 0.297174
MAexp7: 0.288747
MAexp20: 0.283465
MAexp50: 0.285671
MAexp100: 0.295834
Price / MA7: +1.89%
Price / MA20: +4.25%
Price / MA50: +4.64%
Price / MA100: -1.19%
Price / MAexp7: +1.69%
Price / MAexp20: +3.59%
Price / MAexp50: +2.79%
Price / MAexp100: -0.74%

Quotes : 2020-07-16 16:41:11 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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