MONERO - XMR/USDT - 1H - Technical analysis published on 09/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 144.93 USDT
My targets
141.61 USDT (-1.17%)
137.68 USDT (-3.92%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on MONERO - XMR/USDT. As long as you are under the resistance located at 144.93 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 141.61 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 137.68 USDT as an objective. Crossing it would then enable sellers to target 134.66 USDT. If the resistance 144.93 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
4.8
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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 rating is 143.29 USDT. The price is lower by -0.34% since the last closing and was traded between 143.06 USDT and 144.70 USDT over the period. The price is currently at +0.16% from its lowest and -0.97% from its highest.143.06
144.70
143.29
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of MONERO - XMR/USDT in 1H shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Bullish harami
Type : Bullish
Timeframe : 1 hour
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 137.68 | 141.61 | 143.19 | 143.29 | 143.94 | 144.93 | 145.81 |
| Change (%) | -3.92% | -1.17% | -0.07% | - | +0.45% | +1.14% | +1.76% |
| Change | -5.61 | -1.68 | -0.10 | - | +0.65 | +1.64 | +2.52 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 139.06 | 140.29 | 142.03 | 143.26 | 145.00 | 146.23 | 147.97 |
| Camarilla | 142.95 | 143.23 | 143.50 | 143.77 | 144.04 | 144.32 | 144.59 |
| Woodie | 139.32 | 140.42 | 142.29 | 143.39 | 145.26 | 146.36 | 148.23 |
| Fibonacci | 140.29 | 141.43 | 142.13 | 143.26 | 144.40 | 145.10 | 146.23 |
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 | 106.97 | 121.35 | 132.23 | 146.61 | 157.49 | 171.87 | 182.75 |
| Camarilla | 136.16 | 138.48 | 140.80 | 143.11 | 145.43 | 147.74 | 150.06 |
| Woodie | 105.22 | 120.48 | 130.48 | 145.74 | 155.74 | 171.00 | 181.00 |
| Fibonacci | 121.35 | 131.00 | 136.96 | 146.61 | 156.26 | 162.22 | 171.87 |
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): | 44.06 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | -4.36 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 143.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 144.62 | |
| Elder Ray (13): | -0.43 | |
| Super Trend (3,10): | 142.62 | |
| Zig ZAG (10): | 143.41 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 25.39 | |
| TEMA (21): | 144.02 | |
| Williams %R (14): | -85.37 | |
| Chande Momentum Oscillator (20): | -0.98 | |
| Repulse (5,40,3): | -0.5000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.36 |
| MA7: | 144.95 | |
| MA20: | 144.22 | |
| MA50: | 146.32 | |
| MA100: | 153.91 | |
| MAexp7: | 143.76 | |
| MAexp20: | 143.77 | |
| MAexp50: | 143.79 | |
| MAexp100: | 144.36 | |
| Price / MA7: | -1.15% | |
| Price / MA20: | -0.64% | |
| Price / MA50: | -2.07% | |
| Price / MA100: | -6.90% | |
| Price / MAexp7: | -0.33% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.35% | |
| Price / MAexp100: | -0.74% |
Quotes :
-
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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