MONERO - XMR/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Low:	-
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Type:	Cryptocurrencies
Ticker:	XMRUSD
ISIN:

MONERO - XMR/USD - 1H - Technical analysis published on 03/17/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

56%

33%

My opinion

Bearish under 140.72 USD

My targets

133.98 USD (-3.85%)

128.16 USD (-8.02%)

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 140.72 USD. The sellers' bearish objective is set at 133.98 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 128.16 USD. In case of crossing, the next objective would be the support located at 113.11 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.5

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The MONERO - XMR/USD price is 139.34 USD. The price is lower by -0.05% since the last closing and was traded between 137.95 USD and 141.52 USD over the period. The price is currently at +1.01% from its lowest and -1.54% from its highest.

137.95

141.52

139.34

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on MONERO - XMR/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of MONERO - XMR/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 10 technical indicators on 18 studied are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bullish harami

Type : Bullish

Timeframe : 1 hour

White morning star

Type : Bullish

Timeframe : 1 hour

Bullish harami cross

Type : Bullish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	128.16	133.98	138.64	139.34	140.72	142.87	144.04
Change (%)	-8.02%	-3.85%	-0.50%	-	+0.99%	+2.53%	+3.37%
Change	-11.18	-5.36	-0.70	-	+1.38	+3.53	+4.70
Level	Minor	Major	Major	-	Minor	Intermediate	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	120.05	127.62	133.51	141.08	146.97	154.54	160.43
Camarilla	135.71	136.94	138.18	139.41	140.64	141.88	143.11
Woodie	119.22	127.20	132.68	140.66	146.14	154.12	159.60
Fibonacci	127.62	132.76	135.94	141.08	146.22	149.40	154.54

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	116.60	125.89	132.65	141.94	148.70	157.99	164.75
Camarilla	135.00	136.47	137.94	139.41	140.88	142.35	143.82
Woodie	115.34	125.26	131.39	141.31	147.44	157.36	163.49
Fibonacci	125.89	132.02	135.81	141.94	148.07	151.86	157.99

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.20	65.70	101.97	136.47	172.74	207.24	243.51
Camarilla	118.77	125.26	131.74	138.23	144.72	151.21	157.69
Woodie	32.08	66.14	102.85	136.91	173.62	207.68	244.39
Fibonacci	65.70	92.74	109.44	136.47	163.51	180.21	207.24

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):	39.68
MACD (12,26,9):	-1.2900
Directional Movement:	-9.91
AROON (14):	-42.86
DEMA (21):	138.51
Parabolic SAR (0,02-0,02-0,2):	135.79
Elder Ray (13):	-1.43
Super Trend (3,10):	142.87
Zig ZAG (10):	137.99
VORTEX (21):	0.8100
Stochastique (14,3,5):	33.32
TEMA (21):	137.91
Williams %R (14):	-68.02
Chande Momentum Oscillator (20):	-1.22
Repulse (5,40,3):	-0.8900
ROCnROLL:	2
TRIX (15,9):	-0.1200
Courbe Coppock:	6.48

MA7:	143.80
MA20:	143.75
MA50:	139.08
MA100:	151.00
MAexp7:	138.81
MAexp20:	140.36
MAexp50:	141.88
MAexp100:	143.20
Price / MA7:	-3.10%
Price / MA20:	-3.07%
Price / MA50:	+0.19%
Price / MA100:	-7.72%
Price / MAexp7:	+0.38%
Price / MAexp20:	-0.73%
Price / MAexp50:	-1.79%
Price / MAexp100:	-2.70%

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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Londinia AI

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