MONERO - XMR/USD - 1H - Technical analysis published on 08/28/2020 (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:
Neutral
Technical indicators
28%
28%
44%
My opinion
Bullish above 88.96 USD
My targets
90.64 USD (+0.98%)
95.58 USD (+6.48%)
My analysis
The strong short-term increase of MONERO - XMR/USD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 88.96 USD, a purchase could be considered. The first bullish objective is located at 90.64 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 95.58 USD. If there is any crossing, the next objective would be the resistance at 101.56 USD. Caution, if there is a return under 88.96 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
1.8
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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 89.76 USD. On the day, this instrument gained +0.22% with the lowest point at 88.79 USD and the highest point at 91.55 USD. The deviation from the price is +1.09% for the low point and -1.96% for the high point.88.79
91.55
89.76
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of MONERO - XMR/USD in 1H shows a neutral overall trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 5 are bullish, 8 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 68.37 | 86.53 | 88.96 | 89.76 | 90.64 | 95.58 | 101.56 |
| Change (%) | -23.83% | -3.60% | -0.89% | - | +0.98% | +6.48% | +13.15% |
| Change | -21.39 | -3.23 | -0.80 | - | +0.88 | +5.82 | +11.80 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | 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 | 82.17 | 84.07 | 86.82 | 88.72 | 91.47 | 93.37 | 96.12 |
| Camarilla | 88.28 | 88.71 | 89.13 | 89.56 | 89.99 | 90.41 | 90.84 |
| Woodie | 82.59 | 84.28 | 87.24 | 88.93 | 91.89 | 93.58 | 96.54 |
| Fibonacci | 84.07 | 85.85 | 86.95 | 88.72 | 90.50 | 91.60 | 93.37 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.21 | |
| MACD (12,26,9): | 0.3900 | |
| Directional Movement: | 3.59 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 90.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 91.47 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 89.11 | |
| Zig ZAG (10): | 89.87 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 43.39 | |
| TEMA (21): | 90.51 | |
| Williams %R (14): | -60.87 | |
| Chande Momentum Oscillator (20): | 1.08 | |
| Repulse (5,40,3): | -0.1200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 3.72 |
| MA7: | 91.00 | |
| MA20: | 91.89 | |
| MA50: | 83.15 | |
| MA100: | 74.15 | |
| MAexp7: | 90.04 | |
| MAexp20: | 89.73 | |
| MAexp50: | 89.41 | |
| MAexp100: | 89.94 | |
| Price / MA7: | -1.36% | |
| Price / MA20: | -2.32% | |
| Price / MA50: | +7.95% | |
| Price / MA100: | +21.05% | |
| Price / MAexp7: | -0.31% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | -0.20% |
Quotes :
2020-08-28 13:24:55
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Real time data
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