MONERO - XMR/USD - 1H - Technical analysis published on 08/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 153.58 USD
My targets
157.01 USD (+1.22%)
158.35 USD (+2.09%)
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 153.58 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 153.58 USD. The next bullish objective for buyers is set at 157.01 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 158.35 USD. If there is any crossing, the next objective would be the resistance located at 164.63 USD. PS: if there is a bearish break in the support located at 153.58 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.
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
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
MONERO - XMR/USD rating 155.11 USD. The price registered a decrease of -0.02% on the session and was between 154.90 USD and 158.55 USD. This implies that the price is at +0.14% from its lowest and at -2.17% from its highest.154.90
158.55
155.11
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of MONERO - XMR/USD in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 150.00 | 151.12 | 153.58 | 155.11 | 157.01 | 158.35 | 164.63 |
| Change (%) | -3.29% | -2.57% | -0.99% | - | +1.22% | +2.09% | +6.14% |
| Change | -5.11 | -3.99 | -1.53 | - | +1.90 | +3.24 | +9.52 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | Minor |
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 | 144.11 | 147.07 | 151.10 | 154.06 | 158.09 | 161.05 | 165.08 |
| Camarilla | 153.22 | 153.86 | 154.50 | 155.14 | 155.78 | 156.42 | 157.06 |
| Woodie | 144.66 | 147.34 | 151.65 | 154.33 | 158.64 | 161.32 | 165.63 |
| Fibonacci | 147.07 | 149.74 | 151.39 | 154.06 | 156.73 | 158.38 | 161.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 141.05 | 144.21 | 147.26 | 150.42 | 153.47 | 156.63 | 159.68 |
| Camarilla | 148.60 | 149.17 | 149.74 | 150.31 | 150.88 | 151.45 | 152.02 |
| Woodie | 141.00 | 144.18 | 147.21 | 150.39 | 153.42 | 156.60 | 159.63 |
| Fibonacci | 144.21 | 146.58 | 148.05 | 150.42 | 152.79 | 154.26 | 156.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 92.75 | 113.43 | 135.50 | 156.18 | 178.25 | 198.93 | 221.00 |
| Camarilla | 145.80 | 149.72 | 153.64 | 157.56 | 161.48 | 165.40 | 169.32 |
| Woodie | 93.44 | 113.78 | 136.19 | 156.53 | 178.94 | 199.28 | 221.69 |
| Fibonacci | 113.43 | 129.76 | 139.85 | 156.18 | 172.51 | 182.60 | 198.93 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 56.75 | |
| MACD (12,26,9): | 1.0300 | |
| Directional Movement: | 16.10 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 156.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 153.67 | |
| Elder Ray (13): | 0.15 | |
| Super Trend (3,10): | 153.94 | |
| Zig ZAG (10): | 156.01 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 55.75 | |
| TEMA (21): | 156.61 | |
| Williams %R (14): | -56.95 | |
| Chande Momentum Oscillator (20): | 1.69 | |
| Repulse (5,40,3): | -1.1000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 2.19 |
| MA7: | 151.70 | |
| MA20: | 151.29 | |
| MA50: | 156.44 | |
| MA100: | 156.20 | |
| MAexp7: | 156.01 | |
| MAexp20: | 155.24 | |
| MAexp50: | 153.55 | |
| MAexp100: | 152.25 | |
| Price / MA7: | +2.25% | |
| Price / MA20: | +2.52% | |
| Price / MA50: | -0.85% | |
| Price / MA100: | -0.70% | |
| Price / MAexp7: | -0.58% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | +1.02% | |
| Price / MAexp100: | +1.88% |
Quotes :
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Real time data
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