MONERO - XMR/USDT - 1H - Technical analysis published on 10/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
6%
56%
39%
My opinion
Bullish above 145.49 USDT
My targets
148.14 USDT (+0.65%)
155.18 USDT (+5.44%)
My analysis
A bullish trend on MONERO - XMR/USDT both in substance and in the short term. A purchase could be considered as long as the price remains above 145.49 USDT. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 148.14 USDT. Then the price could move towards 155.18 USDT. Then 163.75 USDT by extension. Be careful, a return below 145.49 USDT would be a sign of the trend weakening and a possible correction 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 could be riskier.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.3
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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 147.18 USDT. On the day, this instrument gained +0.40% and was between 145.37 USDT and 148.74 USDT. This implies that the price is at +1.25% from its lowest and at -1.05% from its highest.145.37
148.74
147.18
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
Here is a more detailed summary of the historical variations registered by MONERO - XMR/USDT:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of MONERO - XMR/USDT indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied 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
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
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 144.79 | 145.49 | 147.06 | 147.18 | 148.14 | 155.18 | 163.75 |
| Change (%) | -1.62% | -1.15% | -0.08% | - | +0.65% | +5.44% | +11.26% |
| Change | -2.39 | -1.69 | -0.12 | - | +0.96 | +8.00 | +16.57 |
| Level | Intermediate | Minor | Minor | - | Major | 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 | 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): | 43.61 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | -3.02 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 146.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 148.69 | |
| Elder Ray (13): | -0.71 | |
| Super Trend (3,10): | 146.07 | |
| Zig ZAG (10): | 146.13 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 13.73 | |
| TEMA (21): | 146.81 | |
| Williams %R (14): | -99.51 | |
| Chande Momentum Oscillator (20): | -0.56 | |
| Repulse (5,40,3): | -0.6400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.43 |
| MA7: | 145.93 | |
| MA20: | 145.34 | |
| MA50: | 144.96 | |
| MA100: | 154.02 | |
| MAexp7: | 146.71 | |
| MAexp20: | 146.87 | |
| MAexp50: | 146.60 | |
| MAexp100: | 146.22 | |
| Price / MA7: | +0.86% | |
| Price / MA20: | +1.27% | |
| Price / MA50: | +1.53% | |
| Price / MA100: | -4.44% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.40% | |
| Price / MAexp100: | +0.66% |
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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