MONERO - XMR/USD - 1H - Technical analysis published on 01/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
56%
22%
My opinion
Bullish above 156.27 USD
My targets
163.22 USD (+1.88%)
169.15 USD (+5.58%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 156.27 USD remains possible. It is advisable to trade MONERO - XMR/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 156.27 USD. The next bullish objective for buyers is set at 163.22 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 169.15 USD. If there is any crossing, the next objective would be the resistance located at 174.26 USD. PS: if there is a bearish break in the support located at 156.27 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
1.8
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.
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Additional analysis
Quotes
The MONERO - XMR/USD price is 160.21 USD. On the day, this instrument lost -0.25% and was traded between 158.91 USD and 162.32 USD over the period. The price is currently at +0.82% from its lowest and -1.30% from its highest.158.91
162.32
160.21
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of MONERO - XMR/USD in 1H shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 152.72 | 156.27 | 159.43 | 160.21 | 163.22 | 169.15 | 174.26 |
| Change (%) | -4.68% | -2.46% | -0.49% | - | +1.88% | +5.58% | +8.77% |
| Change | -7.49 | -3.94 | -0.78 | - | +3.01 | +8.94 | +14.05 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | 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 | 153.83 | 155.72 | 158.17 | 160.06 | 162.51 | 164.40 | 166.85 |
| Camarilla | 159.42 | 159.81 | 160.21 | 160.61 | 161.01 | 161.41 | 161.80 |
| Woodie | 154.10 | 155.86 | 158.44 | 160.20 | 162.78 | 164.54 | 167.12 |
| Fibonacci | 155.72 | 157.38 | 158.41 | 160.06 | 161.72 | 162.75 | 164.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 133.55 | 140.00 | 150.31 | 156.76 | 167.07 | 173.52 | 183.83 |
| Camarilla | 156.00 | 157.54 | 159.07 | 160.61 | 162.15 | 163.68 | 165.22 |
| Woodie | 135.47 | 140.97 | 152.23 | 157.73 | 168.99 | 174.49 | 185.75 |
| Fibonacci | 140.00 | 146.41 | 150.36 | 156.76 | 163.17 | 167.12 | 173.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 140.15 | 151.29 | 158.24 | 169.38 | 176.33 | 187.47 | 194.42 |
| Camarilla | 160.21 | 161.86 | 163.52 | 165.18 | 166.84 | 168.50 | 170.16 |
| Woodie | 138.05 | 150.24 | 156.14 | 168.33 | 174.23 | 186.42 | 192.32 |
| Fibonacci | 151.29 | 158.20 | 162.47 | 169.38 | 176.29 | 180.56 | 187.47 |
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): | 42.90 | |
| MACD (12,26,9): | -0.2300 | |
| Directional Movement: | 5.39 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 159.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 160.64 | |
| Elder Ray (13): | -0.71 | |
| Super Trend (3,10): | 162.22 | |
| Zig ZAG (10): | 159.29 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 20.45 | |
| TEMA (21): | 159.44 | |
| Williams %R (14): | -89.68 | |
| Chande Momentum Oscillator (20): | -2.65 | |
| Repulse (5,40,3): | -0.4100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.22 |
| MA7: | 155.81 | |
| MA20: | 154.81 | |
| MA50: | 162.60 | |
| MA100: | 164.81 | |
| MAexp7: | 159.73 | |
| MAexp20: | 160.10 | |
| MAexp50: | 159.74 | |
| MAexp100: | 158.48 | |
| Price / MA7: | +2.82% | |
| Price / MA20: | +3.49% | |
| Price / MA50: | -1.47% | |
| Price / MA100: | -2.79% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +1.09% |
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.
About author
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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…
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