MONERO - XMR/USDT - 15 min. - Technical analysis published on 09/24/2023 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 142.92 USDT
My targets
144.39 USDT (+0.81%)
147.11 USDT (+2.71%)
My analysis
MONERO - XMR/USDT is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 142.92 USDT, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 144.39 USDT. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 147.11 USDT would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 148.58 USDT. Beware of a possible return to under the support located at 142.92 USDT which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.9
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This analysis was given by Nik777. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MONERO - XMR/USDT rating 143.23 USDT. The price has increased by +1.09% since the last closing and was between 141.52 USDT and 143.92 USDT. This implies that the price is at +1.21% from its lowest and at -0.48% from its highest.141.52
143.92
143.23
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of MONERO - XMR/USDT indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
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 | 137.68 | 141.61 | 143.19 | 143.23 | 143.94 | 144.93 | 145.81 |
| Change (%) | -3.87% | -1.13% | -0.03% | - | +0.50% | +1.19% | +1.80% |
| Change | -5.55 | -1.62 | -0.04 | - | +0.71 | +1.70 | +2.58 |
| Level | Intermediate | Minor | Intermediate | - | Minor | 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 | 136.01 | 138.73 | 140.20 | 142.92 | 144.39 | 147.11 | 148.58 |
| Camarilla | 140.53 | 140.91 | 141.30 | 141.68 | 142.06 | 142.45 | 142.83 |
| Woodie | 135.40 | 138.42 | 139.59 | 142.61 | 143.78 | 146.80 | 147.97 |
| Fibonacci | 138.73 | 140.33 | 141.32 | 142.92 | 144.52 | 145.51 | 147.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 132.11 | 136.77 | 139.23 | 143.89 | 146.35 | 151.01 | 153.47 |
| Camarilla | 139.72 | 140.38 | 141.03 | 141.68 | 142.33 | 142.99 | 143.64 |
| Woodie | 131.00 | 136.22 | 138.12 | 143.34 | 145.24 | 150.46 | 152.36 |
| Fibonacci | 136.77 | 139.49 | 141.17 | 143.89 | 146.61 | 148.29 | 151.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.69 | 121.21 | 132.16 | 146.68 | 157.63 | 172.15 | 183.10 |
| Camarilla | 136.11 | 138.44 | 140.78 | 143.11 | 145.45 | 147.78 | 150.11 |
| Woodie | 104.91 | 120.32 | 130.38 | 145.79 | 155.85 | 171.26 | 181.32 |
| Fibonacci | 121.21 | 130.94 | 136.95 | 146.68 | 156.41 | 162.42 | 172.15 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.94 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 4.11 | |
| AROON (14): | 7.15 | |
| DEMA (21): | 142.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 142.60 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 143.25 | |
| Zig ZAG (10): | 142.92 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 64.17 | |
| TEMA (21): | 142.89 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | -0.12 | |
| Repulse (5,40,3): | 0.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.02 |
| MA7: | 145.24 | |
| MA20: | 143.90 | |
| MA50: | 146.63 | |
| MA100: | 153.84 | |
| MAexp7: | 143.01 | |
| MAexp20: | 142.93 | |
| MAexp50: | 142.94 | |
| MAexp100: | 143.10 | |
| Price / MA7: | -1.38% | |
| Price / MA20: | -0.47% | |
| Price / MA50: | -2.32% | |
| Price / MA100: | -6.90% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.09% |
Quotes :
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Real time data
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Cryptocompare
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