MONERO - XMR/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	XMRUSD
ISIN:

MONERO - XMR/USD - Daily - Technical analysis published on 07/23/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 67.88 USD

My targets

76.22 USD (+5.48%)

85.50 USD (+18.32%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MONERO - XMR/USD as long as the price remains well above 67.88 USD. The buyers” bullish objective is set at 76.22 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 85.50 USD. If there is any crossing, the next objective would be the resistance located at 95.04 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

9.1

Comment on the analysis

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/USD rating is 72.26 USD. The price has increased by +0.88% since the last closing and was between 70.95 USD and 72.80 USD. This implies that the price is at +1.85% from its lowest and at -0.74% from its highest.

70.95

72.80

72.26

Here is a more detailed summary of the historical variations registered by MONERO - XMR/USD:

Technical

Technical analysis of this Daily 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
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

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal support

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	53.13	61.59	67.88	72.26	76.22	85.50	95.04
Change (%)	-26.47%	-14.77%	-6.06%	-	+5.48%	+18.32%	+31.53%
Change	-19.13	-10.67	-4.38	-	+3.96	+13.24	+22.78
Level	Minor	Major	Major	-	Minor	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	67.93	68.67	70.15	70.89	72.37	73.11	74.59
Camarilla	71.02	71.22	71.43	71.63	71.83	72.04	72.24
Woodie	68.30	68.86	70.52	71.08	72.74	73.30	74.96
Fibonacci	68.67	69.52	70.04	70.89	71.74	72.26	73.11

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	66.80
MACD (12,26,9):	1.4900
Directional Movement:	18.81
AROON (14):	100.00
DEMA (21):	70.15
Parabolic SAR (0,02-0,02-0,2):	68.58
Elder Ray (13):	2.67
Super Trend (3,10):	64.69
Zig ZAG (10):	72.10
VORTEX (21):	1.1500
Stochastique (14,3,5):	83.04
TEMA (21):	71.16
Williams %R (14):	-3.87
Chande Momentum Oscillator (20):	3.82
Repulse (5,40,3):	4.3800
ROCnROLL:	1
TRIX (15,9):	0.2400
Courbe Coppock:	12.53

MA7:	69.73
MA20:	67.91
MA50:	66.39
MA100:	64.31
MAexp7:	70.30
MAexp20:	68.38
MAexp50:	66.49
MAexp100:	64.63
Price / MA7:	+3.63%
Price / MA20:	+6.41%
Price / MA50:	+8.84%
Price / MA100:	+12.36%
Price / MAexp7:	+2.79%
Price / MAexp20:	+5.67%
Price / MAexp50:	+8.68%
Price / MAexp100:	+11.81%

Quotes : 2020-07-23 15:50:23 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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