MONERO - XMR/USD - Daily - Technical analysis published on 10/12/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 120.74 USD
My targets
156.77 USD (+18.14%)
163.21 USD (+22.99%)
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 120.74 USD. The buyers” bullish objective is set at 156.77 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 163.21 USD. If there is any crossing, the next objective would be the resistance located at 292.94 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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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 132.70 USD. The price has increased by +5.36% since the last closing with the lowest point at 125.19 USD and the highest point at 135.09 USD. The deviation from the price is +6.00% for the low point and -1.77% for the high point.125.19
135.09
132.70
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MONERO - XMR/USD:
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
Technical
Technical analysis of MONERO - XMR/USD in Daily 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 market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : Daily
In fact, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 87.26 | 95.68 | 107.95 | 132.70 | 163.21 | 292.94 | 370.69 |
| Change (%) | -34.24% | -27.90% | -18.65% | - | +22.99% | +120.75% | +179.34% |
| Change | -45.44 | -37.02 | -24.75 | - | +30.51 | +160.24 | +237.99 |
| Level | Intermediate | Major | Major | - | 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 | 108.37 | 111.90 | 118.93 | 122.46 | 129.49 | 133.02 | 140.05 |
| Camarilla | 123.05 | 124.01 | 124.98 | 125.95 | 126.92 | 127.89 | 128.85 |
| Woodie | 110.11 | 112.78 | 120.67 | 123.34 | 131.23 | 133.90 | 141.79 |
| Fibonacci | 111.90 | 115.94 | 118.43 | 122.46 | 126.50 | 128.99 | 133.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.07 | 94.81 | 105.29 | 112.03 | 122.51 | 129.25 | 139.73 |
| Camarilla | 111.04 | 112.62 | 114.20 | 115.78 | 117.36 | 118.94 | 120.52 |
| Woodie | 89.95 | 95.75 | 107.17 | 112.97 | 124.39 | 130.19 | 141.61 |
| Fibonacci | 94.81 | 101.39 | 105.45 | 112.03 | 118.61 | 122.67 | 129.25 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 76.88 | |
| MACD (12,26,9): | 8.3700 | |
| Directional Movement: | 27.92 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 118.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 100.08 | |
| Elder Ray (13): | 16.80 | |
| Super Trend (3,10): | 106.74 | |
| Zig ZAG (10): | 132.88 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 93.92 | |
| TEMA (21): | 123.58 | |
| Williams %R (14): | -6.16 | |
| Chande Momentum Oscillator (20): | 24.61 | |
| Repulse (5,40,3): | 15.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.8900 | |
| Courbe Coppock: | 45.24 |
| MA7: | 116.92 | |
| MA20: | 105.69 | |
| MA50: | 95.51 | |
| MA100: | 88.08 | |
| MAexp7: | 119.38 | |
| MAexp20: | 108.68 | |
| MAexp50: | 98.73 | |
| MAexp100: | 90.15 | |
| Price / MA7: | +13.50% | |
| Price / MA20: | +25.56% | |
| Price / MA50: | +38.94% | |
| Price / MA100: | +50.66% | |
| Price / MAexp7: | +11.16% | |
| Price / MAexp20: | +22.10% | |
| Price / MAexp50: | +34.41% | |
| Price / MAexp100: | +47.20% |
Quotes :
2020-10-12 14:22:34
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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