MONERO - XMR/USD - 1H - Technical analysis published on 03/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 144.04 USD
My targets
133.98 USD (-3.87%)
128.16 USD (-8.05%)
My analysis
The basic trend is currently slightly bearish on MONERO - XMR/USD and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 144.04 USD, sales could be favoured. The first bearish objective would be located at 133.98 USD. Sellers would then use the next support located at 128.16 USD as an objective. Crossing it would then enable sellers to target 119.30 USD. A return to above the resistance at 144.04 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
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
3.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 139.38 USD. The price registered a decrease of -0.20% on the session and was traded between 138.47 USD and 144.35 USD over the period. The price is currently at +0.66% from its lowest and -3.44% from its highest.138.47
144.35
139.38
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MONERO - XMR/USD:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this MONERO - XMR/USD chart shows a slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
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 | 139.38 | 144.04 | 148.64 | 151.23 |
| Change (%) | -8.05% | -3.87% | -0.53% | - | +3.34% | +6.64% | +8.50% |
| Change | -11.22 | -5.40 | -0.74 | - | +4.66 | +9.26 | +11.85 |
| Level | Intermediate | Major | 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 | 118.88 | 124.18 | 131.92 | 137.22 | 144.96 | 150.26 | 158.00 |
| Camarilla | 136.07 | 137.27 | 138.47 | 139.66 | 140.86 | 142.05 | 143.25 |
| Woodie | 120.10 | 124.79 | 133.14 | 137.83 | 146.18 | 150.87 | 159.22 |
| Fibonacci | 124.18 | 129.16 | 132.24 | 137.22 | 142.20 | 145.28 | 150.26 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.08 | |
| MACD (12,26,9): | 0.2600 | |
| Directional Movement: | -2.65 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 141.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 143.33 | |
| Elder Ray (13): | -1.73 | |
| Super Trend (3,10): | 143.20 | |
| Zig ZAG (10): | 139.00 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 3.79 | |
| TEMA (21): | 140.79 | |
| Williams %R (14): | -98.02 | |
| Chande Momentum Oscillator (20): | -4.07 | |
| Repulse (5,40,3): | -1.5400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 0.75 |
| MA7: | 139.35 | |
| MA20: | 143.88 | |
| MA50: | 137.15 | |
| MA100: | 149.63 | |
| MAexp7: | 140.36 | |
| MAexp20: | 140.88 | |
| MAexp50: | 139.73 | |
| MAexp100: | 139.49 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | -3.13% | |
| Price / MA50: | +1.63% | |
| Price / MA100: | -6.85% | |
| Price / MAexp7: | -0.70% | |
| Price / MAexp20: | -1.06% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.08% |
Quotes :
-
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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