MONERO - XMR/USD - 1H - Technical analysis published on 10/09/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 114.47 USD
My targets
123.05 USD (+6.36%)
132.87 USD (+14.84%)
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 114.47 USD. The buyers” bullish objective is set at 123.05 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 132.87 USD. If there is any crossing, the next objective would be the resistance located at 163.21 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
8.8
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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 price is 115.70 USD. The price has increased by +3.89% since the last closing and was between 108.53 USD and 116.50 USD. This implies that the price is at +6.61% from its lowest and at -0.69% from its highest.108.53
116.50
115.70
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of MONERO - XMR/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
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.
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 | 107.95 | 112.83 | 114.47 | 115.70 | 163.21 | 292.94 | 370.69 |
| Change (%) | -6.70% | -2.48% | -1.06% | - | +41.06% | +153.19% | +220.39% |
| Change | -7.75 | -2.87 | -1.23 | - | +47.51 | +177.24 | +254.99 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.91 | 105.16 | 108.27 | 110.52 | 113.63 | 115.88 | 118.99 |
| Camarilla | 109.90 | 110.39 | 110.88 | 111.37 | 111.86 | 112.35 | 112.84 |
| Woodie | 103.33 | 105.38 | 108.69 | 110.74 | 114.05 | 116.10 | 119.41 |
| Fibonacci | 105.16 | 107.21 | 108.48 | 110.52 | 112.57 | 113.84 | 115.88 |
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): | 71.73 | |
| MACD (12,26,9): | 1.0600 | |
| Directional Movement: | 26.80 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 113.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 109.39 | |
| Elder Ray (13): | 3.17 | |
| Super Trend (3,10): | 111.37 | |
| Zig ZAG (10): | 114.93 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 85.68 | |
| TEMA (21): | 112.64 | |
| Williams %R (14): | -20.45 | |
| Chande Momentum Oscillator (20): | 4.13 | |
| Repulse (5,40,3): | 1.7400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 2.21 |
| MA7: | 109.36 | |
| MA20: | 100.68 | |
| MA50: | 93.58 | |
| MA100: | 86.25 | |
| MAexp7: | 112.74 | |
| MAexp20: | 111.87 | |
| MAexp50: | 110.73 | |
| MAexp100: | 109.45 | |
| Price / MA7: | +5.80% | |
| Price / MA20: | +14.92% | |
| Price / MA50: | +23.64% | |
| Price / MA100: | +34.14% | |
| Price / MAexp7: | +2.63% | |
| Price / MAexp20: | +3.42% | |
| Price / MAexp50: | +4.49% | |
| Price / MAexp100: | +5.71% |
Quotes :
2020-10-09 15:27:27
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Real time data
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