ALCHEMY PAY - ACH/USD - 1H - Technical analysis published on 05/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 0.030278 USD
My targets
0.029649 USD (-0.87%)
0.028353 USD (-5.21%)
My analysis
The basic trend is currently slightly bearish on ALCHEMY PAY - ACH/USD and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 0.030278 USD, sales could be favoured. The first bearish objective would be located at 0.029649 USD. Sellers would then use the next support located at 0.028353 USD as an objective. Crossing it would then enable sellers to target 0.027064 USD. A return to above the resistance at 0.030278 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.2
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Additional analysis
Quotes
The ALCHEMY PAY - ACH/USD price is 0.029911 USD. On the day, this instrument gained +0.00% and was traded between 0.029113 USD and 0.030000 USD over the period. The price is currently at +2.74% from its lowest and -0.30% from its highest.0.029113
0.030000
0.029911
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this ALCHEMY PAY - ACH/USD chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.023769 | 0.027064 | 0.028353 | 0.029911 | 0.030278 | 0.032654 | 0.035870 |
| Change (%) | -20.53% | -9.52% | -5.21% | - | +1.23% | +9.17% | +19.92% |
| Change | -0.006142 | -0.002847 | -0.001558 | - | +0.000367 | +0.002743 | +0.005959 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Major |
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 | 0.028120 | 0.029006 | 0.029459 | 0.030345 | 0.030798 | 0.031684 | 0.032137 |
| Camarilla | 0.029544 | 0.029667 | 0.029789 | 0.029912 | 0.030035 | 0.030158 | 0.030280 |
| Woodie | 0.027904 | 0.028898 | 0.029243 | 0.030237 | 0.030582 | 0.031576 | 0.031921 |
| Fibonacci | 0.029006 | 0.029518 | 0.029834 | 0.030345 | 0.030857 | 0.031173 | 0.031684 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017635 | 0.022349 | 0.026131 | 0.030845 | 0.034627 | 0.039341 | 0.043123 |
| Camarilla | 0.027576 | 0.028354 | 0.029133 | 0.029912 | 0.030691 | 0.031470 | 0.032248 |
| Woodie | 0.017168 | 0.022116 | 0.025664 | 0.030612 | 0.034160 | 0.039108 | 0.042656 |
| Fibonacci | 0.022349 | 0.025595 | 0.027600 | 0.030845 | 0.034091 | 0.036096 | 0.039341 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001805 | 0.011224 | 0.020230 | 0.029649 | 0.038655 | 0.048074 | 0.057080 |
| Camarilla | 0.024168 | 0.025857 | 0.027546 | 0.029235 | 0.030924 | 0.032613 | 0.034302 |
| Woodie | 0.001598 | 0.011121 | 0.020023 | 0.029546 | 0.038448 | 0.047971 | 0.056873 |
| Fibonacci | 0.011224 | 0.018263 | 0.022611 | 0.029649 | 0.036688 | 0.041036 | 0.048074 |
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): | 43.32 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -11.820553 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.029627 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.029718 | |
| Elder Ray (13): | -0.000105 | |
| Super Trend (3,10): | 0.030395 | |
| Zig ZAG (10): | 0.029604 | |
| VORTEX (21): | 0.8887 | |
| Stochastique (14,3,5): | 27.63 | |
| TEMA (21): | 0.029345 | |
| Williams %R (14): | -67.39 | |
| Chande Momentum Oscillator (20): | -0.000775 | |
| Repulse (5,40,3): | -0.0505 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0690 | |
| Courbe Coppock: | 5.67 |
| MA7: | 0.030018 | |
| MA20: | 0.032158 | |
| MA50: | 0.034388 | |
| MA100: | 0.029937 | |
| MAexp7: | 0.029572 | |
| MAexp20: | 0.029846 | |
| MAexp50: | 0.029912 | |
| MAexp100: | 0.030173 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | -6.99% | |
| Price / MA50: | -13.02% | |
| Price / MA100: | -0.09% | |
| Price / MAexp7: | +1.15% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | -0.87% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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