MONERO - XMR/USD - 1H - Technical analysis published on 07/11/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 67.16 USD
My targets
73.12 USD (+6.19%)
76.22 USD (+10.69%)
My analysis
MONERO - XMR/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 67.16 USD. The next resistance located at 73.12 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 76.22 USD. After this resistance, buyers could then target 85.50 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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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
MONERO - XMR/USD rating 68.86 USD. On the day, this instrument gained +3.69% and was between 65.75 USD and 69.70 USD. This implies that the price is at +4.73% from its lowest and at -1.21% from its highest.65.75
69.70
68.86
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of MONERO - XMR/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 65.17 | 67.16 | 68.53 | 68.86 | 69.19 | 76.22 | 85.50 |
| Change (%) | -5.36% | -2.47% | -0.48% | - | +0.48% | +10.69% | +24.16% |
| Change | -3.69 | -1.70 | -0.33 | - | +0.33 | +7.36 | +16.64 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.62 | 63.33 | 64.87 | 66.58 | 68.12 | 69.83 | 71.37 |
| Camarilla | 65.52 | 65.81 | 66.11 | 66.41 | 66.71 | 67.01 | 67.30 |
| Woodie | 61.54 | 63.29 | 64.79 | 66.54 | 68.04 | 69.79 | 71.29 |
| Fibonacci | 63.33 | 64.57 | 65.34 | 66.58 | 67.82 | 68.59 | 69.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.09 | 0.24 | 0.44 | 0.59 | 0.79 | 0.94 | 1.14 |
| Camarilla | 0.55 | 0.58 | 0.61 | 0.64 | 0.68 | 0.71 | 0.74 |
| Woodie | 0.12 | 0.25 | 0.47 | 0.60 | 0.82 | 0.95 | 1.17 |
| Fibonacci | 0.24 | 0.38 | 0.46 | 0.59 | 0.73 | 0.81 | 0.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.90 | 51.18 | 57.87 | 62.15 | 68.84 | 73.12 | 79.81 |
| Camarilla | 61.53 | 62.54 | 63.54 | 64.55 | 65.56 | 66.56 | 67.57 |
| Woodie | 48.10 | 51.78 | 59.07 | 62.75 | 70.04 | 73.72 | 81.01 |
| Fibonacci | 51.18 | 55.37 | 57.96 | 62.15 | 66.34 | 68.93 | 73.12 |
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): | 57.92 | |
| MACD (12,26,9): | 0.3700 | |
| Directional Movement: | -1.93 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 68.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 67.37 | |
| Elder Ray (13): | 0.70 | |
| Super Trend (3,10): | 63.97 | |
| Zig ZAG (10): | 68.10 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 61.60 | |
| TEMA (21): | 68.48 | |
| Williams %R (14): | -21.27 | |
| Chande Momentum Oscillator (20): | 0.83 | |
| Repulse (5,40,3): | -3.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 3.56 |
| MA7: | 64.93 | |
| MA20: | 64.31 | |
| MA50: | 65.21 | |
| MA100: | 62.64 | |
| MAexp7: | 68.18 | |
| MAexp20: | 67.84 | |
| MAexp50: | 67.27 | |
| MAexp100: | 66.57 | |
| Price / MA7: | +6.05% | |
| Price / MA20: | +7.08% | |
| Price / MA50: | +5.60% | |
| Price / MA100: | +9.93% | |
| Price / MAexp7: | +1.00% | |
| Price / MAexp20: | +1.50% | |
| Price / MAexp50: | +2.36% | |
| Price / MAexp100: | +3.44% |
Quotes :
2020-07-11 11:59:52
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Real time data
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