MONERO - XMR/USDT

- USDT (-)

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Type:	Cryptocurrencies
Ticker:	XMRUSDT
ISIN:

MONERO - XMR/USDT - Daily - Technical analysis published on 09/25/2023 (GMT)

138
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09/25/2023 - 13:01
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Timeframe : Daily
- Analysis generated on 09/25/2023 - 13:01
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

28%

33%

39%

My opinion

Bearish under 151.07 USDT

My targets

137.68 USDT (-3.85%)

121.35 USDT (-15.26%)

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 121.35 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

4.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Nik777. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

MONERO - XMR/USDT rating 143.20 USDT. The price is lower by -0.40% since the last closing with the lowest point at 143.06 USDT and the highest point at 144.70 USDT. The deviation from the price is +0.10% for the low point and -1.04% for the high point.

143.06

144.70

143.20

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 Daily shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of triangle

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	134.66	137.68	141.61	143.20	151.07	155.18	163.75
Change (%)	-5.96%	-3.85%	-1.11%	-	+5.50%	+8.37%	+14.35%
Change	-8.54	-5.52	-1.59	-	+7.87	+11.98	+20.55
Level	Major	Intermediate	Minor	-	Intermediate	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	46.69
MACD (12,26,9):	-0.3800
Directional Movement:	-6.46
AROON (14):	28.57
DEMA (21):	143.73
Parabolic SAR (0,02-0,02-0,2):	140.42
Elder Ray (13):	-0.50
Super Trend (3,10):	152.47
Zig ZAG (10):	143.41
VORTEX (21):	1.0300
Stochastique (14,3,5):	41.35
TEMA (21):	145.03
Williams %R (14):	-59.33
Chande Momentum Oscillator (20):	0.28
Repulse (5,40,3):	-1.6400
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	3.05

MA7:	144.95
MA20:	144.22
MA50:	146.32
MA100:	153.91
MAexp7:	144.19
MAexp20:	144.45
MAexp50:	146.91
MAexp100:	150.15
Price / MA7:	-1.21%
Price / MA20:	-0.71%
Price / MA50:	-2.13%
Price / MA100:	-6.96%
Price / MAexp7:	-0.69%
Price / MAexp20:	-0.87%
Price / MAexp50:	-2.53%
Price / MAexp100:	-4.63%

Quotes : 09/25/2023 - 13:00 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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