MONERO - XMR/USD - 1H - Technical analysis published on 11/20/2024 (GMT)
- 62
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above
My targets
()
()
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MONERO - XMR/USD as long as the price remains well above . The buyers' bullish objective is set at . A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at . If there is any crossing, the next objective would be the resistance located at . Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
5.7
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Additional analysis
Quotes
The MONERO - XMR/USD rating is 160.69 USD. The price registered a decrease of -1.02% on the session and was traded between 157.59 USD and 163.64 USD over the period. The price is currently at +1.97% from its lowest and -1.80% from its highest.157.59
163.64
160.69
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MONERO - XMR/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MONERO - XMR/USD in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 154.10 | 158.09 | 160.56 | 160.69 | 165.65 | 173.41 | 177.02 |
| Change (%) | -4.10% | -1.62% | -0.08% | - | +3.09% | +7.92% | +10.16% |
| Change | -6.59 | -2.60 | -0.13 | - | +4.96 | +12.72 | +16.33 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 143.97 | 149.39 | 155.86 | 161.28 | 167.75 | 173.17 | 179.64 |
| Camarilla | 159.07 | 160.16 | 161.25 | 162.34 | 163.43 | 164.52 | 165.61 |
| Woodie | 144.51 | 149.65 | 156.40 | 161.54 | 168.29 | 173.43 | 180.18 |
| Fibonacci | 149.39 | 153.93 | 156.74 | 161.28 | 165.82 | 168.63 | 173.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 113.04 | 126.86 | 138.82 | 152.64 | 164.60 | 178.42 | 190.38 |
| Camarilla | 143.69 | 146.05 | 148.42 | 150.78 | 153.14 | 155.51 | 157.87 |
| Woodie | 112.11 | 126.40 | 137.89 | 152.18 | 163.67 | 177.96 | 189.45 |
| Fibonacci | 126.86 | 136.71 | 142.79 | 152.64 | 162.49 | 168.57 | 178.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.66 | 122.04 | 139.03 | 152.41 | 169.40 | 182.78 | 199.77 |
| Camarilla | 147.68 | 150.46 | 153.25 | 156.03 | 158.81 | 161.60 | 164.38 |
| Woodie | 110.48 | 122.94 | 140.85 | 153.31 | 171.22 | 183.68 | 201.59 |
| Fibonacci | 122.04 | 133.64 | 140.81 | 152.41 | 164.01 | 171.18 | 182.78 |
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): | 49.37 | |
| MACD (12,26,9): | 0.1900 | |
| Directional Movement: | 2.50 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 160.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 157.93 | |
| Elder Ray (13): | -0.29 | |
| Super Trend (3,10): | 157.63 | |
| Zig ZAG (10): | 160.27 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 63.50 | |
| TEMA (21): | 160.29 | |
| Williams %R (14): | -40.35 | |
| Chande Momentum Oscillator (20): | 1.47 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.20 |
| MA7: | 153.51 | |
| MA20: | 156.64 | |
| MA50: | 155.35 | |
| MA100: | 160.21 | |
| MAexp7: | 160.52 | |
| MAexp20: | 160.30 | |
| MAexp50: | 159.16 | |
| MAexp100: | 157.01 | |
| Price / MA7: | +4.68% | |
| Price / MA20: | +2.59% | |
| Price / MA50: | +3.44% | |
| Price / MA100: | +0.30% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.96% | |
| Price / MAexp100: | +2.34% |
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.
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