MONERO - XMR/USDT - 1H - Technical analysis published on 10/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 147.06 USDT
My targets
155.18 USDT (+4.61%)
163.75 USDT (+10.39%)
My analysis
MONERO - XMR/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 147.06 USDT. The next resistance located at 155.18 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 163.75 USDT. After this resistance, buyers could then target 168.99 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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This analysis was given by Nik777. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MONERO - XMR/USDT rating 148.34 USDT. On the day, this instrument gained +1.19% and was between 145.37 USDT and 148.51 USDT. This implies that the price is at +2.04% from its lowest and at -0.11% from its highest.145.37
148.51
148.34
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MONERO - XMR/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 145.49 | 147.06 | 148.14 | 148.34 | 155.18 | 163.75 | 168.99 |
| Change (%) | -1.92% | -0.86% | -0.13% | - | +4.61% | +10.39% | +13.92% |
| Change | -2.85 | -1.28 | -0.20 | - | +6.84 | +15.41 | +20.65 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | 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 | 142.13 | 143.65 | 145.12 | 146.64 | 148.11 | 149.63 | 151.10 |
| Camarilla | 145.77 | 146.04 | 146.32 | 146.59 | 146.86 | 147.14 | 147.41 |
| Woodie | 142.11 | 143.64 | 145.10 | 146.63 | 148.09 | 149.62 | 151.08 |
| Fibonacci | 143.65 | 144.79 | 145.50 | 146.64 | 147.78 | 148.49 | 149.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 136.16 | 138.88 | 142.73 | 145.45 | 149.30 | 152.02 | 155.87 |
| Camarilla | 144.78 | 145.39 | 145.99 | 146.59 | 147.19 | 147.80 | 148.40 |
| Woodie | 136.74 | 139.16 | 143.31 | 145.73 | 149.88 | 152.30 | 156.45 |
| Fibonacci | 138.88 | 141.39 | 142.94 | 145.45 | 147.96 | 149.51 | 152.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 127.74 | 132.58 | 139.59 | 144.43 | 151.44 | 156.28 | 163.29 |
| Camarilla | 143.33 | 144.42 | 145.50 | 146.59 | 147.68 | 148.76 | 149.85 |
| Woodie | 128.82 | 133.12 | 140.67 | 144.97 | 152.52 | 156.82 | 164.37 |
| Fibonacci | 132.58 | 137.11 | 139.91 | 144.43 | 148.96 | 151.76 | 156.28 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 65.34 | |
| MACD (12,26,9): | 0.3500 | |
| Directional Movement: | 22.01 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 147.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 145.43 | |
| Elder Ray (13): | 1.33 | |
| Super Trend (3,10): | 146.17 | |
| Zig ZAG (10): | 148.33 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 82.70 | |
| TEMA (21): | 147.43 | |
| Williams %R (14): | -5.20 | |
| Chande Momentum Oscillator (20): | 1.32 | |
| Repulse (5,40,3): | 0.8300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.44 |
| MA7: | 146.21 | |
| MA20: | 145.45 | |
| MA50: | 145.01 | |
| MA100: | 154.04 | |
| MAexp7: | 147.34 | |
| MAexp20: | 146.85 | |
| MAexp50: | 146.44 | |
| MAexp100: | 146.08 | |
| Price / MA7: | +1.46% | |
| Price / MA20: | +1.99% | |
| Price / MA50: | +2.30% | |
| Price / MA100: | -3.70% | |
| Price / MAexp7: | +0.68% | |
| Price / MAexp20: | +1.01% | |
| Price / MAexp50: | +1.30% | |
| Price / MAexp100: | +1.55% |
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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