MONERO - XMR/USDT - 1H - Technical analysis published on 12/06/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 53.58 USDT
My targets
54.89 USDT (+1.65%)
55.41 USDT (+2.61%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 53.58 USDT remains possible. It is advisable to trade MONERO - XMR/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 53.58 USDT. The next bullish objective for buyers is set at 54.89 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 55.41 USDT. If there is any crossing, the next objective would be the resistance located at 56.03 USDT. PS: if there is a bearish break in the support located at 53.58 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
2
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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 54.00 USDT. The price has increased by +0.54% since the last closing and was traded between 53.43 USDT and 55.11 USDT over the period. The price is currently at +1.07% from its lowest and -2.01% from its highest.53.43
55.11
54.00
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/USDT:
Technical
A technical analysis in 1H of this MONERO - XMR/USDT chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 7 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 51.64 | 52.10 | 53.58 | 54.00 | 54.15 | 54.89 | 55.41 |
| Change (%) | -4.37% | -3.52% | -0.78% | - | +0.28% | +1.65% | +2.61% |
| Change | -2.36 | -1.90 | -0.42 | - | +0.15 | +0.89 | +1.41 |
| Level | Minor | Major | Minor | - | Minor | Minor | Intermediate |
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 | 50.29 | 51.14 | 52.43 | 53.28 | 54.57 | 55.42 | 56.71 |
| Camarilla | 53.12 | 53.32 | 53.51 | 53.71 | 53.91 | 54.10 | 54.30 |
| Woodie | 50.50 | 51.25 | 52.64 | 53.39 | 54.78 | 55.53 | 56.92 |
| Fibonacci | 51.14 | 51.96 | 52.47 | 53.28 | 54.10 | 54.61 | 55.42 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 50.73 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 5.98 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 54.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 55.08 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 52.68 | |
| Zig ZAG (10): | 53.97 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 20.83 | |
| TEMA (21): | 54.02 | |
| Williams %R (14): | -69.05 | |
| Chande Momentum Oscillator (20): | -0.92 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 0.74 |
| MA7: | 53.68 | |
| MA20: | 54.13 | |
| MA50: | 57.68 | |
| MA100: | 61.44 | |
| MAexp7: | 53.89 | |
| MAexp20: | 53.88 | |
| MAexp50: | 53.66 | |
| MAexp100: | 53.62 | |
| Price / MA7: | +0.60% | |
| Price / MA20: | -0.24% | |
| Price / MA50: | -6.38% | |
| Price / MA100: | -12.11% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.63% | |
| Price / MAexp100: | +0.71% |
This member declared not having a position on this financial instrument or a related financial instrument.
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