MONERO - XMR/USD - 1H - Technical analysis published on 10/05/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 105.10 USD
My targets
108.40 USD (+1.11%)
113.24 USD (+5.62%)
My analysis
MONERO - XMR/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 105.10 USD. The next resistance located at 108.40 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 113.24 USD. After this resistance, buyers could then target 180.08 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
MONERO - XMR/USD rating 107.21 USD. On the day, this instrument gained +1.71% with the lowest point at 104.42 USD and the highest point at 107.60 USD. The deviation from the price is +2.67% for the low point and -0.36% for the high point.104.42
107.60
107.21
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MONERO - XMR/USD:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this MONERO - XMR/USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
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 this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 97.82 | 101.56 | 105.10 | 107.21 | 108.40 | 113.24 | 180.08 |
| Change (%) | -8.76% | -5.27% | -1.97% | - | +1.11% | +5.62% | +67.97% |
| Change | -9.39 | -5.65 | -2.11 | - | +1.19 | +6.03 | +72.87 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 93.84 | 97.69 | 101.55 | 105.40 | 109.26 | 113.11 | 116.97 |
| Camarilla | 103.29 | 104.00 | 104.70 | 105.41 | 106.12 | 106.82 | 107.53 |
| Woodie | 93.85 | 97.69 | 101.56 | 105.40 | 109.27 | 113.11 | 116.98 |
| Fibonacci | 97.69 | 100.64 | 102.46 | 105.40 | 108.35 | 110.17 | 113.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.55 | 84.17 | 93.99 | 103.61 | 113.43 | 123.05 | 132.87 |
| Camarilla | 98.45 | 100.24 | 102.02 | 103.80 | 105.58 | 107.36 | 109.15 |
| Woodie | 74.64 | 84.22 | 94.08 | 103.66 | 113.52 | 123.10 | 132.96 |
| Fibonacci | 84.17 | 91.60 | 96.19 | 103.61 | 111.04 | 115.63 | 123.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.68 | 61.46 | 84.71 | 97.49 | 120.74 | 133.52 | 156.77 |
| Camarilla | 98.04 | 101.35 | 104.65 | 107.95 | 111.25 | 114.56 | 117.86 |
| Woodie | 53.91 | 64.08 | 89.94 | 100.11 | 125.97 | 136.14 | 162.00 |
| Fibonacci | 61.46 | 75.23 | 83.73 | 97.49 | 111.26 | 119.76 | 133.52 |
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): | 59.35 | |
| MACD (12,26,9): | 0.3900 | |
| Directional Movement: | 9.62 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 106.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 104.86 | |
| Elder Ray (13): | 1.42 | |
| Super Trend (3,10): | 104.43 | |
| Zig ZAG (10): | 107.60 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 71.66 | |
| TEMA (21): | 106.29 | |
| Williams %R (14): | -11.64 | |
| Chande Momentum Oscillator (20): | 1.53 | |
| Repulse (5,40,3): | 0.3900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.08 |
| MA7: | 104.32 | |
| MA20: | 96.61 | |
| MA50: | 92.19 | |
| MA100: | 84.32 | |
| MAexp7: | 106.34 | |
| MAexp20: | 106.00 | |
| MAexp50: | 105.08 | |
| MAexp100: | 103.82 | |
| Price / MA7: | +2.77% | |
| Price / MA20: | +10.97% | |
| Price / MA50: | +16.29% | |
| Price / MA100: | +27.15% | |
| Price / MAexp7: | +0.82% | |
| Price / MAexp20: | +1.14% | |
| Price / MAexp50: | +2.03% | |
| Price / MAexp100: | +3.27% |
Quotes :
2020-10-05 13:24:23
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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