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 - Daily - Technical analysis published on 08/24/2020 (GMT)

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  • Timeframe : Daily
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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

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. 1H Weekly

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Abnormal volumes on MONERO - XMR/USD were detected by the Central Volumes scanner:

Central Volumes

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:

Central Indicators

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard85.5588.0989.6992.2393.8396.3797.97
Camarilla90.1590.5390.9191.2991.6792.0592.43
Woodie85.0887.8689.2292.0093.3696.1497.50
Fibonacci88.0989.6790.6592.2393.8194.7996.37


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard68.9478.5986.5696.21104.18113.83121.80
Camarilla89.7091.3192.9394.5496.1697.7799.39
Woodie68.1178.1785.7395.79103.35113.41120.97
Fibonacci78.5985.3289.4896.21102.94107.10113.83


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): 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 - Real time data - Cryptocompare

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

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