MONERO - XMR/USD - 1H - Technical analysis published on 09/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 170.62 USD
My targets
179.43 USD (+2.87%)
195.47 USD (+12.07%)
My analysis
MONERO - XMR/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 170.62 USD. The next resistance located at 179.43 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 195.47 USD. After this resistance, buyers could then target 204.04 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
7.9
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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 174.42 USD. The price registered an increase of +2.23% on the session with the lowest point at 169.61 USD and the highest point at 175.43 USD. The deviation from the price is +2.84% for the low point and -0.58% for the high point.169.61
175.43
174.42
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:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MONERO - XMR/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 166.54 | 170.62 | 173.41 | 174.42 | 179.43 | 204.04 | 250.09 |
| Change (%) | -4.52% | -2.18% | -0.58% | - | +2.87% | +16.98% | +43.38% |
| Change | -7.88 | -3.80 | -1.01 | - | +5.01 | +29.62 | +75.67 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | 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 | 164.56 | 165.79 | 168.20 | 169.43 | 171.84 | 173.07 | 175.48 |
| Camarilla | 169.62 | 169.95 | 170.29 | 170.62 | 170.95 | 171.29 | 171.62 |
| Woodie | 165.16 | 166.09 | 168.80 | 169.73 | 172.44 | 173.37 | 176.08 |
| Fibonacci | 165.79 | 167.18 | 168.04 | 169.43 | 170.82 | 171.68 | 173.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 138.29 | 145.82 | 157.35 | 164.88 | 176.41 | 183.94 | 195.47 |
| Camarilla | 163.65 | 165.40 | 167.14 | 168.89 | 170.64 | 172.38 | 174.13 |
| Woodie | 140.30 | 146.82 | 159.36 | 165.88 | 178.42 | 184.94 | 197.48 |
| Fibonacci | 145.82 | 153.10 | 157.60 | 164.88 | 172.16 | 176.66 | 183.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.15 | 120.80 | 144.85 | 160.50 | 184.55 | 200.20 | 224.25 |
| Camarilla | 157.97 | 161.61 | 165.25 | 168.89 | 172.53 | 176.17 | 179.81 |
| Woodie | 109.34 | 122.90 | 149.04 | 162.60 | 188.74 | 202.30 | 228.44 |
| Fibonacci | 120.80 | 135.97 | 145.34 | 160.50 | 175.67 | 185.04 | 200.20 |
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): | 61.66 | |
| MACD (12,26,9): | 1.0200 | |
| Directional Movement: | 12.92 | |
| AROON (14): | -7.15 | |
| DEMA (21): | 174.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 172.04 | |
| Elder Ray (13): | 1.15 | |
| Super Trend (3,10): | 170.72 | |
| Zig ZAG (10): | 174.48 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 74.04 | |
| TEMA (21): | 174.43 | |
| Williams %R (14): | -30.35 | |
| Chande Momentum Oscillator (20): | 1.78 | |
| Repulse (5,40,3): | 0.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 1.57 |
| MA7: | 167.30 | |
| MA20: | 162.45 | |
| MA50: | 158.94 | |
| MA100: | 160.42 | |
| MAexp7: | 173.83 | |
| MAexp20: | 172.98 | |
| MAexp50: | 171.24 | |
| MAexp100: | 169.45 | |
| Price / MA7: | +4.26% | |
| Price / MA20: | +7.37% | |
| Price / MA50: | +9.74% | |
| Price / MA100: | +8.73% | |
| Price / MAexp7: | +0.34% | |
| Price / MAexp20: | +0.83% | |
| Price / MAexp50: | +1.86% | |
| Price / MAexp100: | +2.93% |
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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