MONERO - XMR/USD - 1H - Technical analysis published on 03/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 140.72 USD
My targets
133.98 USD (-3.85%)
128.16 USD (-8.02%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MONERO - XMR/USD as long as the price remains well below 140.72 USD. The sellers' bearish objective is set at 133.98 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 128.16 USD. In case of crossing, the next objective would be the support located at 113.11 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MONERO - XMR/USD price is 139.34 USD. The price is lower by -0.05% since the last closing and was traded between 137.95 USD and 141.52 USD over the period. The price is currently at +1.01% from its lowest and -1.54% from its highest.137.95
141.52
139.34
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on MONERO - XMR/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of MONERO - XMR/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
White morning star
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 128.16 | 133.98 | 138.64 | 139.34 | 140.72 | 142.87 | 144.04 |
| Change (%) | -8.02% | -3.85% | -0.50% | - | +0.99% | +2.53% | +3.37% |
| Change | -11.18 | -5.36 | -0.70 | - | +1.38 | +3.53 | +4.70 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Major |
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 | 120.05 | 127.62 | 133.51 | 141.08 | 146.97 | 154.54 | 160.43 |
| Camarilla | 135.71 | 136.94 | 138.18 | 139.41 | 140.64 | 141.88 | 143.11 |
| Woodie | 119.22 | 127.20 | 132.68 | 140.66 | 146.14 | 154.12 | 159.60 |
| Fibonacci | 127.62 | 132.76 | 135.94 | 141.08 | 146.22 | 149.40 | 154.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 116.60 | 125.89 | 132.65 | 141.94 | 148.70 | 157.99 | 164.75 |
| Camarilla | 135.00 | 136.47 | 137.94 | 139.41 | 140.88 | 142.35 | 143.82 |
| Woodie | 115.34 | 125.26 | 131.39 | 141.31 | 147.44 | 157.36 | 163.49 |
| Fibonacci | 125.89 | 132.02 | 135.81 | 141.94 | 148.07 | 151.86 | 157.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.20 | 65.70 | 101.97 | 136.47 | 172.74 | 207.24 | 243.51 |
| Camarilla | 118.77 | 125.26 | 131.74 | 138.23 | 144.72 | 151.21 | 157.69 |
| Woodie | 32.08 | 66.14 | 102.85 | 136.91 | 173.62 | 207.68 | 244.39 |
| Fibonacci | 65.70 | 92.74 | 109.44 | 136.47 | 163.51 | 180.21 | 207.24 |
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): | 39.68 | |
| MACD (12,26,9): | -1.2900 | |
| Directional Movement: | -9.91 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 138.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 135.79 | |
| Elder Ray (13): | -1.43 | |
| Super Trend (3,10): | 142.87 | |
| Zig ZAG (10): | 137.99 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 33.32 | |
| TEMA (21): | 137.91 | |
| Williams %R (14): | -68.02 | |
| Chande Momentum Oscillator (20): | -1.22 | |
| Repulse (5,40,3): | -0.8900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 6.48 |
| MA7: | 143.80 | |
| MA20: | 143.75 | |
| MA50: | 139.08 | |
| MA100: | 151.00 | |
| MAexp7: | 138.81 | |
| MAexp20: | 140.36 | |
| MAexp50: | 141.88 | |
| MAexp100: | 143.20 | |
| Price / MA7: | -3.10% | |
| Price / MA20: | -3.07% | |
| Price / MA50: | +0.19% | |
| Price / MA100: | -7.72% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | -0.73% | |
| Price / MAexp50: | -1.79% | |
| Price / MAexp100: | -2.70% |
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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