MONERO - XMR/USDT

- USDT (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	XMRUSDT
ISIN:

MONERO - XMR/USDT - Daily - Technical analysis published on 10/01/2023 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

56%

11%

33%

My opinion

Bullish above 141.64 USDT

My targets

155.18 USDT (+5.40%)

163.75 USDT (+11.22%)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for MONERO - XMR/USDT as long as the price remains well above 141.64 USDT. The buyers' bullish objective is set at 155.18 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 163.75 USDT. If there is any crossing, the next objective would be the resistance located at 168.99 USDT. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 155.18 USDT. On this resistance, against the trend traders who would like to go short on MONERO - XMR/USDT with a bearish signal from their trading strategy, should not hesitate to act.

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

1.4

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

The MONERO - XMR/USDT price is 147.23 USDT. On the day, this instrument gained +0.44% and was between 145.37 USDT and 148.74 USDT. This implies that the price is at +1.28% from its lowest and at -1.02% from its highest.

145.37

148.74

147.23

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:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this MONERO - XMR/USDT chart shows a slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Daily

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

In fact, 10 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	134.66	137.68	141.64	147.23	148.14	155.18	163.75
Change (%)	-8.54%	-6.49%	-3.80%	-	+0.62%	+5.40%	+11.22%
Change	-12.57	-9.55	-5.59	-	+0.91	+7.95	+16.52
Level	Major	Intermediate	Intermediate	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

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 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):	52.12
MACD (12,26,9):	0.2800
Directional Movement:	3.36
AROON (14):	57.14
DEMA (21):	145.43
Parabolic SAR (0,02-0,02-0,2):	142.35
Elder Ray (13):	1.50
Super Trend (3,10):	152.47
Zig ZAG (10):	146.13
VORTEX (21):	1.0500
Stochastique (14,3,5):	70.76
TEMA (21):	146.80
Williams %R (14):	-36.01
Chande Momentum Oscillator (20):	-1.51
Repulse (5,40,3):	-0.4500
ROCnROLL:	-1
TRIX (15,9):	0.0100
Courbe Coppock:	0.71

MA7:	145.93
MA20:	145.34
MA50:	144.96
MA100:	154.02
MAexp7:	145.99
MAexp20:	145.31
MAexp50:	146.79
MAexp100:	149.73
Price / MA7:	+0.89%
Price / MA20:	+1.30%
Price / MA50:	+1.57%
Price / MA100:	-4.41%
Price / MAexp7:	+0.85%
Price / MAexp20:	+1.32%
Price / MAexp50:	+0.30%
Price / MAexp100:	-1.67%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia AI

Online

Overall rating :

15437

Number of analyses :

88349

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…