MONERO - XMR/USD - 1H - Technical analysis published on 06/10/2024 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 174.42 USD
My targets
179.43 USD (+0.89%)
189.88 USD (+6.77%)
My analysis
The bullish trend is currently very strong on MONERO - XMR/USD. As long as the price remains above the support at 174.42 USD, you could try to benefit from the boom. The first bullish objective is located at 179.43 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 189.88 USD as an objective. Crossing it would then enable buyers to target 216.85 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
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Additional analysis
Quotes
The MONERO - XMR/USD price is 177.84 USD. The price has increased by +2.18% since the last closing and was traded between 174.03 USD and 178.60 USD over the period. The price is currently at +2.19% from its lowest and -0.43% from its highest.174.03
178.60
177.84
Here is a more detailed summary of the historical variations registered by MONERO - XMR/USD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MONERO - XMR/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
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
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 162.57 | 168.32 | 174.42 | 177.84 | 179.43 | 216.85 | 250.09 |
| Change (%) | -8.59% | -5.35% | -1.92% | - | +0.89% | +21.94% | +40.63% |
| Change | -15.27 | -9.52 | -3.42 | - | +1.59 | +39.01 | +72.25 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 160.02 | 163.33 | 168.69 | 172.00 | 177.36 | 180.67 | 186.03 |
| Camarilla | 171.66 | 172.45 | 173.25 | 174.04 | 174.84 | 175.63 | 176.42 |
| Woodie | 161.04 | 163.84 | 169.71 | 172.51 | 178.38 | 181.18 | 187.05 |
| Fibonacci | 163.33 | 166.65 | 168.69 | 172.00 | 175.32 | 177.36 | 180.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 128.41 | 138.60 | 154.05 | 164.24 | 179.69 | 189.88 | 205.33 |
| Camarilla | 162.46 | 164.81 | 167.16 | 169.51 | 171.86 | 174.21 | 176.56 |
| Woodie | 131.05 | 139.92 | 156.69 | 165.56 | 182.33 | 191.20 | 207.97 |
| Fibonacci | 138.60 | 148.39 | 154.44 | 164.24 | 174.03 | 180.08 | 189.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 92.81 | 104.12 | 126.11 | 137.42 | 159.41 | 170.72 | 192.71 |
| Camarilla | 138.94 | 142.00 | 145.05 | 148.10 | 151.15 | 154.21 | 157.26 |
| Woodie | 98.15 | 106.79 | 131.45 | 140.09 | 164.75 | 173.39 | 198.05 |
| Fibonacci | 104.12 | 116.84 | 124.70 | 137.42 | 150.14 | 158.00 | 170.72 |
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): | 71.78 | |
| MACD (12,26,9): | 2.1300 | |
| Directional Movement: | 28.33 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 175.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 171.36 | |
| Elder Ray (13): | 3.61 | |
| Super Trend (3,10): | 172.42 | |
| Zig ZAG (10): | 178.10 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 94.69 | |
| TEMA (21): | 176.52 | |
| Williams %R (14): | -0.17 | |
| Chande Momentum Oscillator (20): | 11.13 | |
| Repulse (5,40,3): | 2.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 7.93 |
| MA7: | 166.31 | |
| MA20: | 151.91 | |
| MA50: | 138.00 | |
| MA100: | 136.14 | |
| MAexp7: | 175.68 | |
| MAexp20: | 172.79 | |
| MAexp50: | 169.84 | |
| MAexp100: | 166.82 | |
| Price / MA7: | +6.93% | |
| Price / MA20: | +17.07% | |
| Price / MA50: | +28.87% | |
| Price / MA100: | +30.63% | |
| Price / MAexp7: | +1.23% | |
| Price / MAexp20: | +2.92% | |
| Price / MAexp50: | +4.71% | |
| Price / MAexp100: | +6.61% |
Quotes :
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Real time data
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