MONERO - XMR/USD - 1H - Technical analysis published on 03/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
6%
83%
11%
My opinion
Bearish under 141.75 USD
My targets
137.78 USD (-1.73%)
133.98 USD (-4.44%)
My analysis
MONERO - XMR/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 141.75 USD. The next support located at 137.78 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 133.98 USD. Below this support, sellers could then target 131.29 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.1
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 rating is 140.21 USD. On the day, this instrument lost -1.55% with the lowest point at 138.41 USD and the highest point at 143.62 USD. The deviation from the price is +1.30% for the low point and -2.37% for the high point.138.41
143.62
140.21
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of MONERO - XMR/USD in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Long black line
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 133.98 | 137.78 | 139.74 | 140.21 | 141.75 | 143.34 | 150.11 |
| Change (%) | -4.44% | -1.73% | -0.34% | - | +1.10% | +2.23% | +7.06% |
| Change | -6.23 | -2.43 | -0.47 | - | +1.54 | +3.13 | +9.90 |
| Level | Major | Minor | Major | - | 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 | 136.70 | 138.23 | 140.32 | 141.85 | 143.94 | 145.47 | 147.56 |
| Camarilla | 141.43 | 141.76 | 142.09 | 142.42 | 142.75 | 143.08 | 143.42 |
| Woodie | 136.99 | 138.37 | 140.61 | 141.99 | 144.23 | 145.61 | 147.85 |
| Fibonacci | 138.23 | 139.61 | 140.46 | 141.85 | 143.23 | 144.08 | 145.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 113.29 | 120.99 | 129.98 | 137.68 | 146.67 | 154.37 | 163.36 |
| Camarilla | 134.39 | 135.92 | 137.45 | 138.98 | 140.51 | 142.04 | 143.57 |
| Woodie | 113.95 | 121.31 | 130.64 | 138.00 | 147.33 | 154.69 | 164.02 |
| Fibonacci | 120.99 | 127.36 | 131.30 | 137.68 | 144.05 | 147.99 | 154.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.16 | 68.68 | 103.46 | 134.98 | 169.76 | 201.28 | 236.06 |
| Camarilla | 120.00 | 126.08 | 132.15 | 138.23 | 144.31 | 150.39 | 156.46 |
| Woodie | 38.78 | 69.50 | 105.08 | 135.80 | 171.38 | 202.10 | 237.68 |
| Fibonacci | 68.68 | 94.01 | 109.66 | 134.98 | 160.31 | 175.96 | 201.28 |
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): | 35.59 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -26.85 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 142.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 143.52 | |
| Elder Ray (13): | -2.07 | |
| Super Trend (3,10): | 142.90 | |
| Zig ZAG (10): | 140.16 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 32.41 | |
| TEMA (21): | 141.79 | |
| Williams %R (14): | -66.03 | |
| Chande Momentum Oscillator (20): | -2.54 | |
| Repulse (5,40,3): | -1.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.03 |
| MA7: | 139.47 | |
| MA20: | 142.08 | |
| MA50: | 134.46 | |
| MA100: | 148.19 | |
| MAexp7: | 141.64 | |
| MAexp20: | 142.27 | |
| MAexp50: | 141.47 | |
| MAexp100: | 140.61 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | -1.32% | |
| Price / MA50: | +4.28% | |
| Price / MA100: | -5.38% | |
| Price / MAexp7: | -1.01% | |
| Price / MAexp20: | -1.45% | |
| Price / MAexp50: | -0.89% | |
| Price / MAexp100: | -0.28% |
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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