MONERO - XMR/USD - Daily - Technical analysis published on 06/17/2021 (GMT)
- 207
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
61%
0%
39%
My opinion
Neutral between 238.71 USD and 321.92 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on MONERO - XMR/USD. It is difficult to advise a trading direction under these conditions. The first support is located at 238.71 USD. The first resistance is located at 321.92 USD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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:
Additional analysis
Quotes
The MONERO - XMR/USD rating is 279.23 USD. The price has increased by +6.42% since the last closing and was between 262.10 USD and 279.79 USD. This implies that the price is at +6.54% from its lowest and at -0.20% from its highest.262.10
279.79
279.23
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of MONERO - XMR/USD indicates that the overall trend is slightly bearish. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of triangle 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 | 116.87 | 184.61 | 238.71 | 279.23 | 282.30 | 379.30 | 426.70 |
Change (%) | -58.15% | -33.89% | -14.51% | - | +1.10% | +35.84% | +52.81% |
Change | -162.36 | -94.62 | -40.52 | - | +3.07 | +100.07 | +147.47 |
Level | Major | Intermediate | Major | - | Major | Minor | 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 |
---|---|---|---|---|---|---|---|
Standard | 224.29 | 242.15 | 252.27 | 270.13 | 280.25 | 298.11 | 308.23 |
Camarilla | 254.69 | 257.25 | 259.82 | 262.38 | 264.95 | 267.51 | 270.08 |
Woodie | 220.41 | 240.22 | 248.39 | 268.20 | 276.37 | 296.18 | 304.35 |
Fibonacci | 242.15 | 252.84 | 259.45 | 270.13 | 280.82 | 287.43 | 298.11 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 154.70 | 188.30 | 215.44 | 249.04 | 276.18 | 309.78 | 336.92 |
Camarilla | 225.88 | 231.44 | 237.01 | 242.58 | 248.15 | 253.72 | 259.28 |
Woodie | 151.47 | 186.69 | 212.21 | 247.43 | 272.95 | 308.17 | 333.69 |
Fibonacci | 188.30 | 211.50 | 225.84 | 249.04 | 272.24 | 286.58 | 309.78 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | -215.80 | -20.12 | 126.24 | 321.92 | 468.28 | 663.96 | 810.32 |
Camarilla | 178.54 | 209.89 | 241.25 | 272.60 | 303.95 | 335.31 | 366.66 |
Woodie | -240.46 | -32.45 | 101.58 | 309.59 | 443.62 | 651.63 | 785.66 |
Fibonacci | -20.12 | 110.54 | 191.26 | 321.92 | 452.58 | 533.30 | 663.96 |
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): | 50.24 | |
MACD (12,26,9): | -9.9000 | |
Directional Movement: | -3.87 | |
AROON (14): | -35.71 | |
DEMA (21): | 254.73 | |
Parabolic SAR (0,02-0,02-0,2): | 237.65 | |
Elder Ray (13): | 3.38 | |
Super Trend (3,10): | 346.52 | |
Zig ZAG (10): | 277.54 | |
VORTEX (21): | 1.0300 | |
Stochastique (14,3,5): | 55.96 | |
TEMA (21): | 261.39 | |
Williams %R (14): | -37.58 | |
Chande Momentum Oscillator (20): | 13.41 | |
Repulse (5,40,3): | 4.5200 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.8100 | |
Courbe Coppock: | 7.07 |
MA7: | 263.47 | |
MA20: | 267.30 | |
MA50: | 322.43 | |
MA100: | 302.73 | |
MAexp7: | 268.61 | |
MAexp20: | 271.85 | |
MAexp50: | 292.83 | |
MAexp100: | 286.67 | |
Price / MA7: | +5.98% | |
Price / MA20: | +4.46% | |
Price / MA50: | -13.40% | |
Price / MA100: | -7.76% | |
Price / MAexp7: | +3.95% | |
Price / MAexp20: | +2.71% | |
Price / MAexp50: | -4.64% | |
Price / MAexp100: | -2.60% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis MONERO - XMR/USD - Daily