MONERO - XMR/USDT - 1H - Technical analysis published on 09/23/2023 (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
22%
50%
28%
My opinion
Bearish under 145.81 USDT
My targets
143.94 USDT (-0.66%)
141.61 USDT (-2.26%)
My analysis
The bearish trend is currently very strong for MONERO - XMR/USDT. As long as the price remains below the resistance at 145.81 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 143.94 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 141.61 USDT as an objective. Crossing it would then enable sellers to target 137.68 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
7
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This analysis was given by Nik777. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MONERO - XMR/USDT rating 144.89 USDT. The price is lower by -0.08% since the last closing with the lowest point at 144.43 USDT and the highest point at 145.63 USDT. The deviation from the price is +0.32% for the low point and -0.51% for the high point.144.43
145.63
144.89
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MONERO - XMR/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 141.61 | 143.19 | 143.94 | 144.89 | 144.93 | 145.81 | 147.06 |
| Change (%) | -2.26% | -1.17% | -0.66% | - | +0.03% | +0.63% | +1.50% |
| Change | -3.28 | -1.70 | -0.95 | - | +0.04 | +0.92 | +2.17 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | 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 | 141.36 | 142.90 | 143.99 | 145.53 | 146.62 | 148.16 | 149.25 |
| Camarilla | 144.37 | 144.61 | 144.85 | 145.09 | 145.33 | 145.57 | 145.81 |
| Woodie | 141.15 | 142.79 | 143.78 | 145.42 | 146.41 | 148.05 | 149.04 |
| Fibonacci | 142.90 | 143.90 | 144.52 | 145.53 | 146.53 | 147.15 | 148.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 127.23 | 132.64 | 138.47 | 143.88 | 149.71 | 155.12 | 160.95 |
| Camarilla | 141.22 | 142.25 | 143.28 | 144.31 | 145.34 | 146.37 | 147.40 |
| Woodie | 127.45 | 132.75 | 138.69 | 143.99 | 149.93 | 155.23 | 161.17 |
| Fibonacci | 132.64 | 136.93 | 139.58 | 143.88 | 148.17 | 150.82 | 155.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.45 | 121.09 | 132.10 | 146.74 | 157.75 | 172.39 | 183.40 |
| Camarilla | 136.06 | 138.41 | 140.76 | 143.11 | 145.46 | 147.81 | 150.16 |
| Woodie | 104.64 | 120.18 | 130.29 | 145.83 | 155.94 | 171.48 | 181.59 |
| Fibonacci | 121.09 | 130.89 | 136.94 | 146.74 | 156.54 | 162.59 | 172.39 |
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): | 41.43 | |
| MACD (12,26,9): | -0.2800 | |
| Directional Movement: | -9.96 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 144.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 145.51 | |
| Elder Ray (13): | -0.24 | |
| Super Trend (3,10): | 146.27 | |
| Zig ZAG (10): | 144.77 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 39.77 | |
| TEMA (21): | 144.82 | |
| Williams %R (14): | -75.83 | |
| Chande Momentum Oscillator (20): | -0.34 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.38 |
| MA7: | 146.02 | |
| MA20: | 143.97 | |
| MA50: | 147.03 | |
| MA100: | 153.79 | |
| MAexp7: | 144.95 | |
| MAexp20: | 145.23 | |
| MAexp50: | 145.77 | |
| MAexp100: | 146.10 | |
| Price / MA7: | -0.77% | |
| Price / MA20: | +0.64% | |
| Price / MA50: | -1.46% | |
| Price / MA100: | -5.79% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -0.60% | |
| Price / MAexp100: | -0.83% |
Quotes :
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Real time data
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