MONERO - XMR/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	XMRUSD
ISIN:

MONERO - XMR/USD - Daily - Technical analysis published on 12/03/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

44%

22%

33%

My opinion

Bearish under 254.13 USD

My targets

216.85 USD (-10.36%)

196.00 USD (-18.97%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MONERO - XMR/USD as long as the price remains well below 254.13 USD. The next bearish objective for sellers is set at 216.85 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 196.00 USD. If there is any crossing, the next objective would be the support located at 182.70 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

4.3

Comment on the analysis

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 241.90 USD. On the day, this instrument gained +1.31% and was traded between 236.85 USD and 243.87 USD over the period. The price is currently at +2.13% from its lowest and -0.81% from its highest.

236.85

243.87

241.90

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:

Technical

A technical analysis in Daily of this MONERO - XMR/USD chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	182.70	196.00	216.85	241.90	254.13	272.01	288.96
Change (%)	-24.47%	-18.97%	-10.36%	-	+5.06%	+12.45%	+19.45%
Change	-59.20	-45.90	-25.05	-	+12.23	+30.11	+47.06
Level	Minor	Minor	Major	-	Minor	Minor	Major

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	213.28	219.41	229.09	235.22	244.90	251.03	260.71
Camarilla	234.43	235.88	237.33	238.78	240.23	241.68	243.13
Woodie	215.07	220.30	230.88	236.11	246.69	251.92	262.50
Fibonacci	219.41	225.45	229.18	235.22	241.26	244.99	251.03

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	175.46	196.22	212.05	232.81	248.64	269.40	285.23
Camarilla	217.82	221.17	224.53	227.88	231.23	234.59	237.94
Woodie	173.00	194.99	209.59	231.58	246.18	268.17	282.77
Fibonacci	196.22	210.20	218.83	232.81	246.79	255.42	269.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	128.74	172.86	205.45	249.57	282.16	326.28	358.87
Camarilla	216.95	223.98	231.01	238.04	245.07	252.10	259.14
Woodie	122.98	169.98	199.69	246.69	276.40	323.40	353.11
Fibonacci	172.86	202.16	220.27	249.57	278.87	296.98	326.28

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):	47.85
MACD (12,26,9):	-6.4000
Directional Movement:	-7.52
AROON (14):	-35.71
DEMA (21):	233.86
Parabolic SAR (0,02-0,02-0,2):	247.35
Elder Ray (13):	1.00
Super Trend (3,10):	278.52
Zig ZAG (10):	241.42
VORTEX (21):	0.9400
Stochastique (14,3,5):	55.65
TEMA (21):	232.30
Williams %R (14):	-30.25
Chande Momentum Oscillator (20):	-8.60
Repulse (5,40,3):	3.8100
ROCnROLL:	-1
TRIX (15,9):	-0.4300
Courbe Coppock:	6.77

MA7:	236.14
MA20:	241.39
MA50:	257.45
MA100:	262.60
MAexp7:	237.89
MAexp20:	242.68
MAexp50:	252.09
MAexp100:	256.84
Price / MA7:	+2.44%
Price / MA20:	+0.21%
Price / MA50:	-6.04%
Price / MA100:	-7.88%
Price / MAexp7:	+1.69%
Price / MAexp20:	-0.32%
Price / MAexp50:	-4.04%
Price / MAexp100:	-5.82%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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