MONERO - XMR/USD
MONERO - XMR/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: XMRUSD
ISIN:

MONERO - XMR/USD - 1H - Technical analysis published on 08/05/2020 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 85.46 USD
My targets
89.90 USD (+1.60%)
91.14 USD (+3.01%)
My analysis
The bullish trend is currently very strong on MONERO - XMR/USD. As long as the price remains above the support at 85.46 USD, you could try to benefit from the boom. The first bullish objective is located at 89.90 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 91.14 USD as an objective. Crossing it would then enable buyers to target 95.04 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
8.2

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:
15 min. Daily Weekly

Additional analysis

Quotes

The MONERO - XMR/USD price is 88.48 USD. The price has increased by +1.24% since the last closing with the lowest point at 86.04 USD and the highest point at 88.60 USD. The deviation from the price is +2.84% for the low point and -0.14% for the high point.

86.04
88.60
88.48

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by MONERO - XMR/USD:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

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. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 80.62 83.54 85.46 88.48 88.82 89.90 91.14
Change (%) -8.88% -5.58% -3.41% - +0.38% +1.60% +3.01%
Change -7.86 -4.94 -3.02 - +0.34 +1.42 +2.66
Level Minor Intermediate Intermediate - Minor Intermediate 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
Standard80.6583.0685.0987.5089.5391.9493.97
Camarilla85.9186.3286.7287.1387.5487.9488.35
Woodie80.4782.9784.9187.4189.3591.8593.79
Fibonacci83.0684.7585.8087.5089.1990.2491.94


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard61.5367.3878.5384.3895.53101.38112.53
Camarilla85.0186.5688.1289.6891.2492.8094.36
Woodie64.1868.7181.1885.7198.18102.71115.18
Fibonacci67.3873.8777.8984.3890.8794.89101.38


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard45.6353.5069.1076.9792.57100.44116.04
Camarilla78.2680.4182.5684.7186.8689.0191.16
Woodie49.5155.4372.9878.9096.45102.37119.92
Fibonacci53.5062.4668.0076.9785.9391.47100.44

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): 58.52
MACD (12,26,9): 0.2800
Directional Movement: 11.45
AROON (14): 71.42
DEMA (21): 88.12
Parabolic SAR (0,02-0,02-0,2): 87.16
Elder Ray (13): 0.49
Super Trend (3,10): 88.82
Zig ZAG (10): 88.48
VORTEX (21): 1.0600
Stochastique (14,3,5): 84.26
TEMA (21): 88.35
Williams %R (14): -4.69
Chande Momentum Oscillator (20): 1.58
Repulse (5,40,3): 0.1500
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 2.90
MA7: 86.52
MA20: 77.67
MA50: 70.36
MA100: 67.44
MAexp7: 88.22
MAexp20: 87.82
MAexp50: 87.46
MAexp100: 86.59
Price / MA7: +2.27%
Price / MA20: +13.92%
Price / MA50: +25.75%
Price / MA100: +31.20%
Price / MAexp7: +0.29%
Price / MAexp20: +0.75%
Price / MAexp50: +1.17%
Price / MAexp100: +2.18%

Quotes : 2020-08-05 12:04:08 - Real time data - Cryptocompare

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

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