Londinia Opportunities Analyses - 01/24/2022 (GMT) MONERO - XMR/ETH - 1H
| Type: | Cryptocurrencies |
| Ticker: | XMRETH |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 0.062383 ETH
My targets
0.058719 ETH (-3.23%)
0.055314 ETH (-8.84%)
My analysis
MONERO - XMR/ETH is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.062383 ETH. The next support located at 0.058719 ETH is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.055314 ETH. Below this support, sellers could then target 0.045742 ETH. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.2
Analysis too old. There are no more charts available.
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.
Additional analysis
Quotes
The MONERO - XMR/ETH rating is 0.060679 ETH. The price registered a decrease of -1.48% on the session with the lowest point at 0.060371 ETH and the highest point at 0.063079 ETH. The deviation from the price is +0.51% for the low point and -3.80% for the high point.0.060371
0.063079
0.060679
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this MONERO - XMR/ETH chart shows a sharp bearish trend. 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.
The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.045742 | 0.058719 | 0.060679 | 0.062383 | 0.063625 | 0.064257 |
| Change (%) | -24.62% | -3.23% | - | +2.81% | +4.86% | +5.90% |
| Change | -0.014937 | -0.001960 | - | +0.001704 | +0.002946 | +0.003578 |
| Level | Major | Minor | - | Minor | Minor | Intermediate |
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 | 0.058503 | 0.059853 | 0.060721 | 0.062071 | 0.062939 | 0.064289 | 0.065157 |
| Camarilla | 0.060979 | 0.061182 | 0.061386 | 0.061589 | 0.061792 | 0.061996 | 0.062199 |
| Woodie | 0.058262 | 0.059733 | 0.060480 | 0.061951 | 0.062698 | 0.064169 | 0.064916 |
| Fibonacci | 0.059853 | 0.060700 | 0.061224 | 0.062071 | 0.062918 | 0.063442 | 0.064289 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.049724 | 0.055314 | 0.059185 | 0.064775 | 0.068646 | 0.074236 | 0.078107 |
| Camarilla | 0.060453 | 0.061321 | 0.062188 | 0.063055 | 0.063922 | 0.064790 | 0.065657 |
| Woodie | 0.048864 | 0.054884 | 0.058325 | 0.064345 | 0.067786 | 0.073806 | 0.077247 |
| Fibonacci | 0.055314 | 0.058928 | 0.061161 | 0.064775 | 0.068389 | 0.070622 | 0.074236 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.032954 | 0.039143 | 0.050660 | 0.056849 | 0.068366 | 0.074555 | 0.086072 |
| Camarilla | 0.057309 | 0.058932 | 0.060555 | 0.062178 | 0.063801 | 0.065424 | 0.067047 |
| Woodie | 0.035619 | 0.040475 | 0.053325 | 0.058181 | 0.071031 | 0.075887 | 0.088737 |
| Fibonacci | 0.039143 | 0.045906 | 0.050085 | 0.056849 | 0.063612 | 0.067791 | 0.074555 |
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): | 36.56 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -18.335047 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.061496 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.062830 | |
| Elder Ray (13): | -0.000887 | |
| Super Trend (3,10): | 0.062686 | |
| Zig ZAG (10): | 0.060690 | |
| VORTEX (21): | 0.9166 | |
| Stochastique (14,3,5): | 16.79 | |
| TEMA (21): | 0.061384 | |
| Williams %R (14): | -87.22 | |
| Chande Momentum Oscillator (20): | -0.001441 | |
| Repulse (5,40,3): | -1.1301 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0148 | |
| Courbe Coppock: | 0.95 |
| MA7: | 0.063550 | |
| MA20: | 0.062960 | |
| MA50: | 0.056240 | |
| MA100: | 0.057595 | |
| MAexp7: | 0.061319 | |
| MAexp20: | 0.061774 | |
| MAexp50: | 0.062174 | |
| MAexp100: | 0.062912 | |
| Price / MA7: | -4.52% | |
| Price / MA20: | -3.62% | |
| Price / MA50: | +7.89% | |
| Price / MA100: | +5.35% | |
| Price / MAexp7: | -1.04% | |
| Price / MAexp20: | -1.77% | |
| Price / MAexp50: | -2.40% | |
| Price / MAexp100: | -3.55% |
Quotes :
-
Real time data
-
Cryptocompare