MONERO - XMR/USDT - Daily - Technical analysis published on 12/03/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 55.77 USDT
My targets
52.10 USDT (-3.57%)
39.87 USDT (-26.21%)
My analysis
The bearish trend is currently very strong for MONERO - XMR/USDT. As long as the price remains below the resistance at 55.77 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 52.10 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 39.87 USDT as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.8
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MONERO - XMR/USDT rating is 54.03 USDT. The price registered an increase of +0.22% on the session and was traded between 53.89 USDT and 55.41 USDT over the period. The price is currently at +0.26% from its lowest and -2.49% from its highest.53.89
55.41
54.03
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of MONERO - XMR/USDT in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 39.87 | 52.10 | 54.03 | 66.85 | 78.32 | 97.40 |
| Change (%) | -26.21% | -3.57% | - | +23.73% | +44.96% | +80.27% |
| Change | -14.16 | -1.93 | - | +12.82 | +24.29 | +43.37 |
| Level | Intermediate | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50.51 | 51.44 | 52.67 | 53.60 | 54.83 | 55.76 | 56.99 |
| Camarilla | 53.32 | 53.51 | 53.71 | 53.91 | 54.11 | 54.31 | 54.50 |
| Woodie | 50.67 | 51.52 | 52.83 | 53.68 | 54.99 | 55.84 | 57.15 |
| Fibonacci | 51.44 | 52.26 | 52.77 | 53.60 | 54.42 | 54.93 | 55.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.17 | 40.81 | 47.83 | 52.47 | 59.49 | 64.13 | 71.15 |
| Camarilla | 51.64 | 52.71 | 53.78 | 54.85 | 55.92 | 56.99 | 58.06 |
| Woodie | 37.36 | 41.41 | 49.02 | 53.07 | 60.68 | 64.73 | 72.34 |
| Fibonacci | 40.81 | 45.26 | 48.02 | 52.47 | 56.92 | 59.68 | 64.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.96 | 34.20 | 44.53 | 55.77 | 66.10 | 77.34 | 87.67 |
| Camarilla | 48.92 | 50.90 | 52.87 | 54.85 | 56.83 | 58.80 | 60.78 |
| Woodie | 22.50 | 33.97 | 44.07 | 55.54 | 65.64 | 77.11 | 87.21 |
| Fibonacci | 34.20 | 42.44 | 47.53 | 55.77 | 64.01 | 69.10 | 77.34 |
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): | 45.32 | |
| MACD (12,26,9): | -1.6000 | |
| Directional Movement: | -8.54 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 53.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 46.78 | |
| Elder Ray (13): | 0.21 | |
| Super Trend (3,10): | 59.83 | |
| Zig ZAG (10): | 54.00 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 56.98 | |
| TEMA (21): | 52.47 | |
| Williams %R (14): | -37.56 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | -0.5400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4400 | |
| Courbe Coppock: | 17.32 |
| MA7: | 54.51 | |
| MA20: | 55.57 | |
| MA50: | 57.75 | |
| MA100: | 62.15 | |
| MAexp7: | 53.95 | |
| MAexp20: | 55.31 | |
| MAexp50: | 58.04 | |
| MAexp100: | 62.70 | |
| Price / MA7: | -0.88% | |
| Price / MA20: | -2.77% | |
| Price / MA50: | -6.44% | |
| Price / MA100: | -13.07% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | -2.31% | |
| Price / MAexp50: | -6.91% | |
| Price / MAexp100: | -13.83% |
This member declared not having a position on this financial instrument or a related financial instrument.
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