MONERO - XMR/USD - 1H - Technical analysis published on 08/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 97.08 USD
My targets
100.35 USD (+2.53%)
105.72 USD (+8.02%)
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 97.08 USD. The buyers” bullish objective is set at 100.35 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 105.72 USD. If there is any crossing, the next objective would be the resistance located at 116.87 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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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 97.87 USD. The price registered an increase of +7.33% on the session with the lowest point at 91.22 USD and the highest point at 98.19 USD. The deviation from the price is +7.29% for the low point and -0.33% for the high point.91.22
98.19
97.87
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:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of MONERO - XMR/USD indicates that the overall trend is strongly bullish. 92.86% 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 93.11 | 95.49 | 97.08 | 97.87 | 116.87 | 292.94 | 370.69 |
| Change (%) | -4.86% | -2.43% | -0.81% | - | +19.41% | +199.32% | +278.76% |
| Change | -4.76 | -2.38 | -0.79 | - | +19.00 | +195.07 | +272.82 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | 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 | 82.97 | 85.98 | 88.58 | 91.59 | 94.19 | 97.20 | 99.80 |
| Camarilla | 89.65 | 90.16 | 90.68 | 91.19 | 91.70 | 92.22 | 92.73 |
| Woodie | 82.78 | 85.88 | 88.39 | 91.49 | 94.00 | 97.10 | 99.61 |
| Fibonacci | 85.98 | 88.12 | 89.44 | 91.59 | 93.73 | 95.05 | 97.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.28 | 79.39 | 84.76 | 89.87 | 95.24 | 100.35 | 105.72 |
| Camarilla | 87.26 | 88.22 | 89.18 | 90.14 | 91.10 | 92.06 | 93.02 |
| Woodie | 74.42 | 79.46 | 84.90 | 89.94 | 95.38 | 100.42 | 105.86 |
| Fibonacci | 79.39 | 83.39 | 85.86 | 89.87 | 93.87 | 96.34 | 100.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.63 | 53.50 | 69.10 | 76.97 | 92.57 | 100.44 | 116.04 |
| Camarilla | 78.26 | 80.41 | 82.56 | 84.71 | 86.86 | 89.01 | 91.16 |
| Woodie | 49.51 | 55.43 | 72.98 | 78.90 | 96.45 | 102.37 | 119.92 |
| Fibonacci | 53.50 | 62.46 | 68.00 | 76.97 | 85.93 | 91.47 | 100.44 |
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): | 77.97 | |
| MACD (12,26,9): | 1.1200 | |
| Directional Movement: | 33.67 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 95.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 92.50 | |
| Elder Ray (13): | 2.05 | |
| Super Trend (3,10): | 92.87 | |
| Zig ZAG (10): | 98.14 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 95.22 | |
| TEMA (21): | 95.96 | |
| Williams %R (14): | -14.46 | |
| Chande Momentum Oscillator (20): | 4.49 | |
| Repulse (5,40,3): | 3.7200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 7.84 |
| MA7: | 92.62 | |
| MA20: | 91.55 | |
| MA50: | 78.86 | |
| MA100: | 72.03 | |
| MAexp7: | 95.51 | |
| MAexp20: | 93.87 | |
| MAexp50: | 93.00 | |
| MAexp100: | 92.50 | |
| Price / MA7: | +5.67% | |
| Price / MA20: | +6.90% | |
| Price / MA50: | +24.11% | |
| Price / MA100: | +35.87% | |
| Price / MAexp7: | +2.47% | |
| Price / MAexp20: | +4.26% | |
| Price / MAexp50: | +5.24% | |
| Price / MAexp100: | +5.81% |
Quotes :
2020-08-20 14:27:42
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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