Londinia Opportunities Analyses - 05/22/2024 (GMT) MONERO - XMR/USDT - 1H

- USDT (-)

- Real time data - Cryptocompare

Type:	Cryptocurrencies
Ticker:	XMRUSDT
ISIN:

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

Cryptocurrencies
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 137.62 USDT

My targets

142.17 USDT (+2.05%)

150.82 USDT (+8.25%)

My analysis

MONERO - XMR/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 137.62 USDT. The next resistance located at 142.17 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 150.82 USDT. After this resistance, buyers could then target 169.26 USDT. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

Force

8.4

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Additional analysis

Quotes

The MONERO - XMR/USDT rating is 139.32 USDT. The price registered an increase of +2.16% on the session with the lowest point at 135.49 USDT and the highest point at 140.05 USDT. The deviation from the price is +2.83% for the low point and -0.52% for the high point.

135.49

140.05

139.32

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

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

Technical

Technical analysis of MONERO - XMR/USDT in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish 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 increase is high given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	134.45	136.04	137.62	139.32	142.17	150.82	169.26
Change (%)	-3.50%	-2.35%	-1.22%	-	+2.05%	+8.25%	+21.49%
Change	-4.87	-3.28	-1.70	-	+2.85	+11.50	+29.94
Level	Major	Intermediate	Minor	-	Intermediate	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	125.19	129.75	133.06	137.62	140.93	145.49	148.80
Camarilla	134.22	134.94	135.66	136.38	137.10	137.82	138.54
Woodie	124.58	129.44	132.45	137.31	140.32	145.18	148.19
Fibonacci	129.75	132.75	134.61	137.62	140.62	142.48	145.49

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	123.85	126.93	131.47	134.55	139.09	142.17	146.71
Camarilla	133.93	134.62	135.32	136.02	136.72	137.42	138.12
Woodie	124.59	127.30	132.21	134.92	139.83	142.54	147.45
Fibonacci	126.93	129.84	131.64	134.55	137.46	139.26	142.17

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	68.91	87.17	103.35	121.61	137.79	156.05	172.23
Camarilla	110.05	113.21	116.36	119.52	122.68	125.83	128.99
Woodie	67.86	86.65	102.30	121.09	136.74	155.53	171.18
Fibonacci	87.17	100.33	108.46	121.61	134.77	142.90	156.05

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):	56.74
MACD (12,26,9):	0.2300
Directional Movement:	9.77
AROON (14):	35.72
DEMA (21):	137.86
Parabolic SAR (0,02-0,02-0,2):	135.58
Elder Ray (13):	1.31
Super Trend (3,10):	139.71
Zig ZAG (10):	138.68
VORTEX (21):	1.1300
Stochastique (14,3,5):	76.29
TEMA (21):	137.86
Williams %R (14):	-36.67
Chande Momentum Oscillator (20):	1.77
Repulse (5,40,3):	0.2900
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.27

MA7:	135.56
MA20:	132.71
MA50:	127.62
MA100:	131.50
MAexp7:	137.91
MAexp20:	137.65
MAexp50:	137.26
MAexp100:	136.59
Price / MA7:	+2.77%
Price / MA20:	+4.98%
Price / MA50:	+9.17%
Price / MA100:	+5.95%
Price / MAexp7:	+1.02%
Price / MAexp20:	+1.21%
Price / MAexp50:	+1.50%
Price / MAexp100:	+2.00%

Quotes : - Real time data - Cryptocompare