MONERO - XMR/USD - 1H - Technical analysis published on 07/21/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 69.99 USD
My targets
71.46 USD (+0.78%)
72.45 USD (+2.17%)
My analysis
The bullish trend is currently very strong on MONERO - XMR/USD. As long as the price remains above the support at 69.99 USD, you could try to benefit from the boom. The first bullish objective is located at 71.46 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 72.45 USD as an objective. Crossing it would then enable buyers to target 76.22 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
8
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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 price is 70.91 USD. On the day, this instrument gained +2.37% and was traded between 69.23 USD and 71.62 USD over the period. The price is currently at +2.43% from its lowest and -0.99% from its highest.69.23
71.62
70.91
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MONERO - XMR/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MONERO - XMR/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel 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 | 68.91 | 69.99 | 70.62 | 70.91 | 71.46 | 72.45 | 76.22 |
| Change (%) | -2.82% | -1.30% | -0.41% | - | +0.78% | +2.17% | +7.49% |
| Change | -2.00 | -0.92 | -0.29 | - | +0.55 | +1.54 | +5.31 |
| Level | Major | Major | Minor | - | Minor | Intermediate | Minor |
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 | 67.30 | 68.10 | 68.69 | 69.49 | 70.08 | 70.88 | 71.47 |
| Camarilla | 68.89 | 69.02 | 69.14 | 69.27 | 69.40 | 69.53 | 69.65 |
| Woodie | 67.19 | 68.05 | 68.58 | 69.44 | 69.97 | 70.83 | 71.36 |
| Fibonacci | 68.10 | 68.63 | 68.96 | 69.49 | 70.02 | 70.35 | 70.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.83 | 63.19 | 65.72 | 69.08 | 71.61 | 74.97 | 77.50 |
| Camarilla | 66.62 | 67.16 | 67.70 | 68.24 | 68.78 | 69.32 | 69.86 |
| Woodie | 59.41 | 62.98 | 65.30 | 68.87 | 71.19 | 74.76 | 77.08 |
| Fibonacci | 63.19 | 65.44 | 66.83 | 69.08 | 71.33 | 72.72 | 74.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.73 | 55.08 | 59.38 | 64.73 | 69.03 | 74.38 | 78.68 |
| Camarilla | 61.04 | 61.92 | 62.81 | 63.69 | 64.58 | 65.46 | 66.34 |
| Woodie | 49.22 | 54.82 | 58.87 | 64.47 | 68.52 | 74.12 | 78.17 |
| Fibonacci | 55.08 | 58.76 | 61.04 | 64.73 | 68.41 | 70.69 | 74.38 |
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): | 64.66 | |
| MACD (12,26,9): | 0.5500 | |
| Directional Movement: | 18.69 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 71.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 70.81 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 70.43 | |
| Zig ZAG (10): | 71.13 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 84.50 | |
| TEMA (21): | 71.59 | |
| Williams %R (14): | -25.52 | |
| Chande Momentum Oscillator (20): | 1.15 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 5.01 |
| MA7: | 69.07 | |
| MA20: | 67.18 | |
| MA50: | 66.22 | |
| MA100: | 63.97 | |
| MAexp7: | 71.21 | |
| MAexp20: | 70.68 | |
| MAexp50: | 69.90 | |
| MAexp100: | 69.32 | |
| Price / MA7: | +2.66% | |
| Price / MA20: | +5.55% | |
| Price / MA50: | +7.08% | |
| Price / MA100: | +10.85% | |
| Price / MAexp7: | -0.42% | |
| Price / MAexp20: | +0.33% | |
| Price / MAexp50: | +1.44% | |
| Price / MAexp100: | +2.29% |
Quotes :
2020-07-21 15:58:13
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Real time data
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