MONERO - XMR/USD - 1H - Technical analysis published on 04/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 122.23 USD
My targets
116.85 USD (-2.18%)
115.47 USD (-3.34%)
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 122.23 USD. The sellers' bearish objective is set at 116.85 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 115.47 USD. In case of crossing, the next objective would be the support located at 110.68 USD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MONERO - XMR/USD rating 119.46 USD. The price registered a decrease of -0.66% on the session and was traded between 119.34 USD and 120.46 USD over the period. The price is currently at +0.10% from its lowest and -0.83% from its highest.119.34
120.46
119.46
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:
Technical
Technical analysis of MONERO - XMR/USD in 1H shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 110.68 | 115.47 | 116.85 | 119.46 | 119.76 | 122.23 | 124.15 |
| Change (%) | -7.35% | -3.34% | -2.18% | - | +0.25% | +2.32% | +3.93% |
| Change | -8.78 | -3.99 | -2.61 | - | +0.30 | +2.77 | +4.69 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 115.35 | 117.24 | 118.75 | 120.64 | 122.15 | 124.04 | 125.55 |
| Camarilla | 119.32 | 119.63 | 119.94 | 120.25 | 120.56 | 120.87 | 121.19 |
| Woodie | 115.15 | 117.15 | 118.55 | 120.55 | 121.95 | 123.95 | 125.35 |
| Fibonacci | 117.24 | 118.54 | 119.35 | 120.64 | 121.94 | 122.75 | 124.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 96.18 | 103.40 | 112.78 | 120.00 | 129.38 | 136.60 | 145.98 |
| Camarilla | 117.59 | 119.11 | 120.63 | 122.15 | 123.67 | 125.19 | 126.72 |
| Woodie | 97.25 | 103.94 | 113.85 | 120.54 | 130.45 | 137.14 | 147.05 |
| Fibonacci | 103.40 | 109.75 | 113.66 | 120.00 | 126.35 | 130.26 | 136.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 94.67 | 110.55 | 119.47 | 135.35 | 144.27 | 160.15 | 169.07 |
| Camarilla | 121.57 | 123.84 | 126.12 | 128.39 | 130.66 | 132.94 | 135.21 |
| Woodie | 91.19 | 108.81 | 115.99 | 133.61 | 140.79 | 158.41 | 165.59 |
| Fibonacci | 110.55 | 120.02 | 125.88 | 135.35 | 144.82 | 150.68 | 160.15 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.94 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -4.26 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 120.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 121.75 | |
| Elder Ray (13): | -0.33 | |
| Super Trend (3,10): | 118.99 | |
| Zig ZAG (10): | 120.24 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 18.83 | |
| TEMA (21): | 120.48 | |
| Williams %R (14): | -79.44 | |
| Chande Momentum Oscillator (20): | -1.82 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.83 |
| MA7: | 120.07 | |
| MA20: | 122.74 | |
| MA50: | 131.17 | |
| MA100: | 136.19 | |
| MAexp7: | 120.40 | |
| MAexp20: | 120.62 | |
| MAexp50: | 120.47 | |
| MAexp100: | 120.42 | |
| Price / MA7: | -0.51% | |
| Price / MA20: | -2.67% | |
| Price / MA50: | -8.93% | |
| Price / MA100: | -12.28% | |
| Price / MAexp7: | -0.78% | |
| Price / MAexp20: | -0.96% | |
| Price / MAexp50: | -0.84% | |
| Price / MAexp100: | -0.80% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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