MONERO - XMR/USDT - Daily - Technical analysis published on 09/24/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 151.07 USDT
My targets
137.68 USDT (-3.78%)
121.21 USDT (-15.29%)
My analysis
There is a bearish trend on MONERO - XMR/USDT both at the basic level and in the short term. A sale could be considered, so long as the price remains below 151.07 USDT. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 137.68 USDT. Then the price could move towards 121.21 USDT. Then 104.44 USDT by extension. Be careful, a return to above the resistance 151.07 USDT would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.1
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This analysis was given by Nik777. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MONERO - XMR/USDT price is 143.09 USDT. The price has increased by +1.00% since the last closing and was between 141.52 USDT and 143.92 USDT. This implies that the price is at +1.11% from its lowest and at -0.58% from its highest.141.52
143.92
143.09
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of MONERO - XMR/USDT in Daily shows an overall bearish trend. The signals given by moving averages are at 78.57% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 134.66 | 137.68 | 141.61 | 143.09 | 151.07 | 155.18 | 163.75 |
| Change (%) | -5.89% | -3.78% | -1.03% | - | +5.58% | +8.45% | +14.44% |
| Change | -8.43 | -5.41 | -1.48 | - | +7.98 | +12.09 | +20.66 |
| Level | Major | Intermediate | Minor | - | Intermediate | 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 | 136.01 | 138.73 | 140.20 | 142.92 | 144.39 | 147.11 | 148.58 |
| Camarilla | 140.53 | 140.91 | 141.30 | 141.68 | 142.06 | 142.45 | 142.83 |
| Woodie | 135.40 | 138.42 | 139.59 | 142.61 | 143.78 | 146.80 | 147.97 |
| Fibonacci | 138.73 | 140.33 | 141.32 | 142.92 | 144.52 | 145.51 | 147.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 132.11 | 136.77 | 139.23 | 143.89 | 146.35 | 151.01 | 153.47 |
| Camarilla | 139.72 | 140.38 | 141.03 | 141.68 | 142.33 | 142.99 | 143.64 |
| Woodie | 131.00 | 136.22 | 138.12 | 143.34 | 145.24 | 150.46 | 152.36 |
| Fibonacci | 136.77 | 139.49 | 141.17 | 143.89 | 146.61 | 148.29 | 151.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.69 | 121.21 | 132.16 | 146.68 | 157.63 | 172.15 | 183.10 |
| Camarilla | 136.11 | 138.44 | 140.78 | 143.11 | 145.45 | 147.78 | 150.11 |
| Woodie | 104.91 | 120.32 | 130.38 | 145.79 | 155.85 | 171.26 | 181.32 |
| Fibonacci | 121.21 | 130.94 | 136.95 | 146.68 | 156.41 | 162.42 | 172.15 |
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): | 45.67 | |
| MACD (12,26,9): | -0.3800 | |
| Directional Movement: | -7.20 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 143.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 140.05 | |
| Elder Ray (13): | -1.69 | |
| Super Trend (3,10): | 152.47 | |
| Zig ZAG (10): | 142.81 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 45.70 | |
| TEMA (21): | 145.13 | |
| Williams %R (14): | -57.56 | |
| Chande Momentum Oscillator (20): | 2.00 | |
| Repulse (5,40,3): | -2.4500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 3.73 |
| MA7: | 145.18 | |
| MA20: | 143.89 | |
| MA50: | 146.63 | |
| MA100: | 153.84 | |
| MAexp7: | 144.26 | |
| MAexp20: | 144.48 | |
| MAexp50: | 147.02 | |
| MAexp100: | 150.27 | |
| Price / MA7: | -1.44% | |
| Price / MA20: | -0.56% | |
| Price / MA50: | -2.41% | |
| Price / MA100: | -6.99% | |
| Price / MAexp7: | -0.81% | |
| Price / MAexp20: | -0.96% | |
| Price / MAexp50: | -2.67% | |
| Price / MAexp100: | -4.78% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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