MONERO - XMR/USD - Daily - Technical analysis published on 04/03/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Neutral between 52.04 USD and 57.57 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on MONERO - XMR/USD. It is difficult to advise a trading direction under these conditions. The first support is located at 52.04 USD. The first resistance is located at 57.57 USD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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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/USD rating is 53.82 USD. The price has increased by +6.05% since the last closing and was between 50.30 USD and 54.18 USD. This implies that the price is at +7.00% from its lowest and at -0.66% from its highest.50.30
54.18
53.82
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 this Daily chart of MONERO - XMR/USD indicates that the overall trend is slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 32.19 | 41.30 | 52.04 | 53.82 | 57.57 | 64.84 | 95.04 |
| Change (%) | -40.19% | -23.26% | -3.31% | - | +6.97% | +20.48% | +76.59% |
| Change | -21.63 | -12.52 | -1.78 | - | +3.75 | +11.02 | +41.22 |
| Level | Minor | Major | Intermediate | - | Minor | 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 | 43.47 | 45.82 | 48.29 | 50.64 | 53.11 | 55.46 | 57.93 |
| Camarilla | 49.42 | 49.87 | 50.31 | 50.75 | 51.19 | 51.63 | 52.08 |
| Woodie | 43.52 | 45.85 | 48.34 | 50.67 | 53.16 | 55.49 | 57.98 |
| Fibonacci | 45.82 | 47.67 | 48.80 | 50.64 | 52.49 | 53.62 | 55.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.92 | 31.93 | 39.59 | 45.60 | 53.26 | 59.27 | 66.93 |
| Camarilla | 43.50 | 44.75 | 46.01 | 47.26 | 48.51 | 49.77 | 51.02 |
| Woodie | 26.76 | 32.34 | 40.43 | 46.01 | 54.10 | 59.68 | 67.77 |
| Fibonacci | 31.93 | 37.15 | 40.38 | 45.60 | 50.82 | 54.05 | 59.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -17.65 | 4.28 | 26.26 | 48.19 | 70.17 | 92.10 | 114.08 |
| Camarilla | 36.18 | 40.20 | 44.23 | 48.25 | 52.28 | 56.30 | 60.33 |
| Woodie | -17.62 | 4.29 | 26.30 | 48.20 | 70.21 | 92.11 | 114.12 |
| Fibonacci | 4.28 | 21.05 | 31.41 | 48.19 | 64.96 | 75.32 | 92.10 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.08 | |
| MACD (12,26,9): | -1.2800 | |
| Directional Movement: | 2.00 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 45.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 42.33 | |
| Elder Ray (13): | 4.23 | |
| Super Trend (3,10): | 56.00 | |
| Zig ZAG (10): | 53.82 | |
| VORTEX (21): | 1.2400 | |
| Stochastique (14,3,5): | 88.22 | |
| TEMA (21): | 48.84 | |
| Williams %R (14): | -1.91 | |
| Chande Momentum Oscillator (20): | 15.65 | |
| Repulse (5,40,3): | 13.1900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.0300 | |
| Courbe Coppock: | 53.52 |
| MA7: | 48.53 | |
| MA20: | 44.18 | |
| MA50: | 58.90 | |
| MA100: | 61.87 | |
| MAexp7: | 49.46 | |
| MAexp20: | 48.28 | |
| MAexp50: | 54.33 | |
| MAexp100: | 58.54 | |
| Price / MA7: | +10.90% | |
| Price / MA20: | +21.82% | |
| Price / MA50: | -8.62% | |
| Price / MA100: | -13.01% | |
| Price / MAexp7: | +8.82% | |
| Price / MAexp20: | +11.47% | |
| Price / MAexp50: | -0.94% | |
| Price / MAexp100: | -8.06% |
This member declared not having a position on this financial instrument or a related financial instrument.
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