Monero Technical Analysis

XMR
 Crypto
  

USD 143.44  0.99  0.69%   

As of the 1st of December, Monero secures the risk adjusted performance of (0.017624), and Mean Deviation of 2.43. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Monero, as well as the relationship between them. Strictly speaking, you can use this information to find out if the crypto will indeed mirror its model of past prices, or the prices will eventually revert. We have collected data for nineteen technical drivers for Monero, which can be compared to its peers in the industry. Please verify Monero jensen alpha, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance to decide if Monero is priced some-what accurately, providing market reflects its recent price of 143.44 per share.
  

Monero Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Monero, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Monero
Monero's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Monero technical crypto coin analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, crypto market cycles, or different charting patterns.
A focus of Monero technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Monero trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Monero Technical Analysis

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The output start index for this execution was seven with a total number of output elements of fifty-four. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Monero volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Monero Trend Analysis

Use this graph to draw trend lines for Monero. You can use it to identify possible trend reversals for Monero as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Monero price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Monero Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Monero applied against its price change over selected period. The best fit line has a slop of   -0.22  , which may suggest that Monero market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1872.16, which is the sum of squared deviations for the predicted Monero price change compared to its average price change.

About Monero Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Monero on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Monero based on its technical analysis. In general, a bottom-up approach, as applied to this cryptocurrency, focuses on Monero price pattern first instead of the macroeconomic environment surrounding Monero. By analyzing daily price indicators and various types of growth rates, we attempt to find the most accurate representation of Monero's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the crypto market before zooming in to Monero specific price patterns or momentum indicators.

Monero December 1, 2022 Technical Indicators

Most technical analysis of Monero help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Monero from various momentum indicators to cycle indicators. When you analyze Monero charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Monero December 1, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Monero stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Check out Your Current Watchlist. You can also try Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Other Tools for Monero Crypto Coin

When running Monero price analysis, check to measure Monero's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Monero is operating at the current time. Most of Monero's value examination focuses on studying past and present price actions to predict the probability of Monero's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Monero's coin price. Additionally, you may evaluate how adding Monero to your portfolios can decrease your overall portfolio volatility.
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