MONERO - XMR/USD - Daily - Technical analysis published on 08/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 87.57 USD
My targets
100.44 USD (+7.48%)
116.87 USD (+25.06%)
My analysis
The bullish trend is currently very strong on MONERO - XMR/USD. As long as the price remains above the support at 87.57 USD, you could try to benefit from the boom. The first bullish objective is located at 100.44 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 116.87 USD as an objective. Crossing it would then enable buyers to target 292.94 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.
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
7.1
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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
The MONERO - XMR/USD rating is 93.45 USD. The price registered an increase of +2.37% on the session and was between 90.15 USD and 93.99 USD. This implies that the price is at +3.66% from its lowest and at -0.57% from its highest.90.15
93.99
93.45
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of MONERO - XMR/USD indicates that the overall trend is strongly bullish. 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 detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
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 | 35.09 | 68.37 | 87.57 | 93.45 | 95.49 | 116.87 | 292.94 |
Change (%) | -62.45% | -26.84% | -6.29% | - | +2.18% | +25.06% | +213.47% |
Change | -58.36 | -25.08 | -5.88 | - | +2.04 | +23.42 | +199.49 |
Level | Major | Intermediate | Minor | - | Major | 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 | 85.55 | 88.09 | 89.69 | 92.23 | 93.83 | 96.37 | 97.97 |
Camarilla | 90.15 | 90.53 | 90.91 | 91.29 | 91.67 | 92.05 | 92.43 |
Woodie | 85.08 | 87.86 | 89.22 | 92.00 | 93.36 | 96.14 | 97.50 |
Fibonacci | 88.09 | 89.67 | 90.65 | 92.23 | 93.81 | 94.79 | 96.37 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 68.94 | 78.59 | 86.56 | 96.21 | 104.18 | 113.83 | 121.80 |
Camarilla | 89.70 | 91.31 | 92.93 | 94.54 | 96.16 | 97.77 | 99.39 |
Woodie | 68.11 | 78.17 | 85.73 | 95.79 | 103.35 | 113.41 | 120.97 |
Fibonacci | 78.59 | 85.32 | 89.48 | 96.21 | 102.94 | 107.10 | 113.83 |
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 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): | 55.04 | |
MACD (12,26,9): | 3.2800 | |
Directional Movement: | 10.95 | |
AROON (14): | 71.43 | |
DEMA (21): | 95.96 | |
Parabolic SAR (0,02-0,02-0,2): | 88.98 | |
Elder Ray (13): | -0.72 | |
Super Trend (3,10): | 80.28 | |
Zig ZAG (10): | 93.15 | |
VORTEX (21): | 1.0500 | |
Stochastique (14,3,5): | 40.64 | |
TEMA (21): | 95.22 | |
Williams %R (14): | -56.04 | |
Chande Momentum Oscillator (20): | 4.31 | |
Repulse (5,40,3): | 1.3300 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.7200 | |
Courbe Coppock: | 3.44 |
MA7: | 94.02 | |
MA20: | 92.75 | |
MA50: | 81.24 | |
MA100: | 73.20 | |
MAexp7: | 93.46 | |
MAexp20: | 91.09 | |
MAexp50: | 83.69 | |
MAexp100: | 76.32 | |
Price / MA7: | -0.61% | |
Price / MA20: | +0.75% | |
Price / MA50: | +15.03% | |
Price / MA100: | +27.66% | |
Price / MAexp7: | -0.01% | |
Price / MAexp20: | +2.59% | |
Price / MAexp50: | +11.66% | |
Price / MAexp100: | +22.44% |
Quotes :
2020-08-24 12:38:46
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Real time data
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