MONERO - XMR/USDT - 1H - Technical analysis published on 04/24/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 261.49 USDT
My targets
249.73 USDT (-1.79%)
238.42 USDT (-6.24%)
My analysis
The bearish trend is currently very strong for MONERO - XMR/USDT. As long as the price remains below the resistance at 261.49 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 249.73 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 238.42 USDT as an objective. Crossing it would then enable sellers to target 228.36 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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This analysis was given by jrosado. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MONERO - XMR/USDT rating 254.29 USDT. The price registered a decrease of -4.63% on the session with the lowest point at 248.43 USDT and the highest point at 268.75 USDT. The deviation from the price is +2.36% for the low point and -5.38% for the high point.248.43
268.75
254.29
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this MONERO - XMR/USDT chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 7 are bullish, 5 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 228.36 | 238.42 | 249.73 | 254.29 | 261.49 | 268.37 | 277.40 |
| Change (%) | -10.20% | -6.24% | -1.79% | - | +2.83% | +5.54% | +9.09% |
| Change | -25.93 | -15.87 | -4.56 | - | +7.20 | +14.08 | +23.11 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Intermediate | Minor |
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 | 243.90 | 253.31 | 259.97 | 269.38 | 276.04 | 285.45 | 292.11 |
| Camarilla | 262.22 | 263.69 | 265.17 | 266.64 | 268.11 | 269.59 | 271.06 |
| Woodie | 242.54 | 252.62 | 258.61 | 268.69 | 274.68 | 284.76 | 290.75 |
| Fibonacci | 253.31 | 259.45 | 263.24 | 269.38 | 275.52 | 279.31 | 285.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 182.11 | 207.91 | 237.27 | 263.07 | 292.43 | 318.23 | 347.59 |
| Camarilla | 251.47 | 256.53 | 261.58 | 266.64 | 271.70 | 276.75 | 281.81 |
| Woodie | 183.90 | 208.80 | 239.06 | 263.96 | 294.22 | 319.12 | 349.38 |
| Fibonacci | 207.91 | 228.98 | 242.00 | 263.07 | 284.14 | 297.16 | 318.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 96.89 | 125.20 | 168.96 | 197.27 | 241.03 | 269.34 | 313.10 |
| Camarilla | 192.91 | 199.52 | 206.12 | 212.73 | 219.34 | 225.94 | 232.55 |
| Woodie | 104.63 | 129.06 | 176.70 | 201.13 | 248.77 | 273.20 | 320.84 |
| Fibonacci | 125.20 | 152.73 | 169.74 | 197.27 | 224.80 | 241.81 | 269.34 |
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): | 38.81 | |
| MACD (12,26,9): | -3.5100 | |
| Directional Movement: | -16.90 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 252.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 249.31 | |
| Elder Ray (13): | -1.37 | |
| Super Trend (3,10): | 260.00 | |
| Zig ZAG (10): | 253.80 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 42.55 | |
| TEMA (21): | 251.26 | |
| Williams %R (14): | -44.53 | |
| Chande Momentum Oscillator (20): | -1.94 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2200 | |
| Courbe Coppock: | 5.09 |
| MA7: | 264.95 | |
| MA20: | 242.50 | |
| MA50: | 215.05 | |
| MA100: | 191.11 | |
| MAexp7: | 254.01 | |
| MAexp20: | 256.84 | |
| MAexp50: | 262.25 | |
| MAexp100: | 263.66 | |
| Price / MA7: | -4.02% | |
| Price / MA20: | +4.86% | |
| Price / MA50: | +18.25% | |
| Price / MA100: | +33.06% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | -0.99% | |
| Price / MAexp50: | -3.04% | |
| Price / MAexp100: | -3.55% |
Quotes :
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Real time data
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Cryptocompare
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