USD COIN - USDC/USD - 1H - Technical analysis published on 06/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 1.001000 USD
My targets
0.967700 USD (-3.20%)
My analysis
USD COIN - USDC/USD 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 1.001000 USD. The next support located at 0.967700 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. 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.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.4
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD COIN - USDC/USD price is 0.999700 USD. The price registered a decrease of -0.02% on the session and was between 0.999600 USD and 0.999900 USD. This implies that the price is at +0.01% from its lowest and at -0.02% from its highest.0.999600
0.999900
0.999700
Here is a more detailed summary of the historical variations registered by USD COIN - USDC/USD:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD COIN - USDC/USD chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.967700 | 0.999500 | 0.999700 | 0.999936 | 1.001000 | 1.003000 |
| Change (%) | -3.20% | -0.02% | - | +0.02% | +0.13% | +0.33% |
| Change | -0.032000 | -0.000200 | - | +0.000236 | +0.001300 | +0.003300 |
| Level | Intermediate | Minor | - | Major | 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 | 0.999433 | 0.999567 | 0.999733 | 0.999867 | 1.000033 | 1.000167 | 1.000333 |
| Camarilla | 0.999818 | 0.999845 | 0.999873 | 0.999900 | 0.999928 | 0.999955 | 0.999983 |
| Woodie | 0.999450 | 0.999575 | 0.999750 | 0.999875 | 1.000050 | 1.000175 | 1.000350 |
| Fibonacci | 0.999567 | 0.999681 | 0.999752 | 0.999867 | 0.999981 | 1.000052 | 1.000167 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.997767 | 0.998633 | 0.999267 | 1.000133 | 1.000767 | 1.001633 | 1.002267 |
| Camarilla | 0.999488 | 0.999625 | 0.999763 | 0.999900 | 1.000038 | 1.000175 | 1.000313 |
| Woodie | 0.997650 | 0.998575 | 0.999150 | 1.000075 | 1.000650 | 1.001575 | 1.002150 |
| Fibonacci | 0.998633 | 0.999206 | 0.999560 | 1.000133 | 1.000706 | 1.001060 | 1.001633 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.357767 | 0.678633 | 0.839267 | 1.160133 | 1.320767 | 1.641633 | 1.802267 |
| Camarilla | 0.867488 | 0.911625 | 0.955763 | 0.999900 | 1.044038 | 1.088175 | 1.132313 |
| Woodie | 0.277650 | 0.638575 | 0.759150 | 1.120075 | 1.240650 | 1.601575 | 1.722150 |
| Fibonacci | 0.678633 | 0.862566 | 0.976200 | 1.160133 | 1.344066 | 1.457700 | 1.641633 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.53 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -12.905131 | |
| AROON (14): | -64.285714 | |
| DEMA (21): | 0.999707 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.999912 | |
| Elder Ray (13): | -0.000039 | |
| Super Trend (3,10): | 0.999593 | |
| Zig ZAG (10): | 0.999700 | |
| VORTEX (21): | 0.8929 | |
| Stochastique (14,3,5): | 22.22 | |
| TEMA (21): | 0.999666 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | -0.000100 | |
| Repulse (5,40,3): | -0.0226 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0006 | |
| Courbe Coppock: | 0.03 |
| MA7: | 0.999843 | |
| MA20: | 0.999900 | |
| MA50: | 1.000058 | |
| MA100: | 0.999471 | |
| MAexp7: | 0.999703 | |
| MAexp20: | 0.999771 | |
| MAexp50: | 0.999825 | |
| MAexp100: | 0.999858 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | -0.02% | |
| Price / MA50: | -0.04% | |
| Price / MA100: | +0.02% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.02% |
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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