MONERO - XMR/USDT - Daily - Technical analysis published on 03/07/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 182.87 USDT
My targets
144.57 USDT (-11.14%)
108.23 USDT (-33.48%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MONERO - XMR/USDT as long as the price remains well below 182.87 USDT. The next bearish objective for sellers is set at 144.57 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 108.23 USDT. If there is any crossing, the next objective would be the support located at 95.33 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.9
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Additional analysis
Quotes
The MONERO - XMR/USDT rating is 162.69 USDT. The price has increased by +2.38% since the last closing with the lowest point at 155.47 USDT and the highest point at 162.69 USDT. The deviation from the price is +4.64% for the low point and 0% for the high point.155.47
162.69
162.69
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MONERO - XMR/USDT:
Technical
Technical analysis of this Daily chart of MONERO - XMR/USDT indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 32.11 | 95.33 | 144.57 | 162.69 | 182.87 | 217.34 | 249.73 |
Change (%) | -80.26% | -41.40% | -11.14% | - | +12.40% | +33.59% | +53.50% |
Change | -130.58 | -67.36 | -18.12 | - | +20.18 | +54.65 | +87.04 |
Level | Minor | Intermediate | Major | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 139.84 | 149.32 | 154.12 | 163.60 | 168.40 | 177.88 | 182.68 |
Camarilla | 154.98 | 156.29 | 157.60 | 158.91 | 160.22 | 161.53 | 162.84 |
Woodie | 137.49 | 148.15 | 151.77 | 162.43 | 166.05 | 176.71 | 180.33 |
Fibonacci | 149.32 | 154.78 | 158.15 | 163.60 | 169.06 | 172.43 | 177.88 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 116.63 | 132.54 | 149.27 | 165.18 | 181.91 | 197.82 | 214.55 |
Camarilla | 157.02 | 160.02 | 163.01 | 166.00 | 168.99 | 171.98 | 174.98 |
Woodie | 117.04 | 132.75 | 149.68 | 165.39 | 182.32 | 198.03 | 214.96 |
Fibonacci | 132.54 | 145.01 | 152.71 | 165.18 | 177.65 | 185.35 | 197.82 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 84.12 | 108.23 | 139.25 | 163.36 | 194.38 | 218.49 | 249.51 |
Camarilla | 155.12 | 160.17 | 165.23 | 170.28 | 175.33 | 180.39 | 185.44 |
Woodie | 87.59 | 109.96 | 142.72 | 165.09 | 197.85 | 220.22 | 252.98 |
Fibonacci | 108.23 | 129.29 | 142.30 | 163.36 | 184.42 | 197.43 | 218.49 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 48.19 | |
MACD (12,26,9): | -1.0100 | |
Directional Movement: | -6.12 | |
AROON (14): | 50.00 | |
DEMA (21): | 161.75 | |
Parabolic SAR (0,02-0,02-0,2): | 150.02 | |
Elder Ray (13): | -4.46 | |
Super Trend (3,10): | 143.41 | |
Zig ZAG (10): | 161.84 | |
VORTEX (21): | 0.9500 | |
Stochastique (14,3,5): | 61.38 | |
TEMA (21): | 164.51 | |
Williams %R (14): | -39.50 | |
Chande Momentum Oscillator (20): | 13.06 | |
Repulse (5,40,3): | -2.7200 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.1400 | |
Courbe Coppock: | 10.01 |
MA7: | 167.74 | |
MA20: | 160.92 | |
MA50: | 164.75 | |
MA100: | 186.33 | |
MAexp7: | 163.60 | |
MAexp20: | 163.66 | |
MAexp50: | 170.70 | |
MAexp100: | 186.72 | |
Price / MA7: | -3.01% | |
Price / MA20: | +1.10% | |
Price / MA50: | -1.25% | |
Price / MA100: | -12.69% | |
Price / MAexp7: | -0.55% | |
Price / MAexp20: | -0.59% | |
Price / MAexp50: | -4.69% | |
Price / MAexp100: | -12.86% |
Quotes :
-
Real time data
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Cryptocompare
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