SHENTU - CTK/USDT - 15 min. - Technical analysis published on 03/05/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.848968 USDT
My targets
0.899489 USDT (+1.28%)
0.927374 USDT (+4.42%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SHENTU - CTK/USDT as long as the price remains well above 0.848968 USDT. The buyers' bullish objective is set at 0.899489 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.927374 USDT. If there is any crossing, the next objective would be the resistance located at 1.577000 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
8.8
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This analysis was given by Theekshana Mewan. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SHENTU - CTK/USDT price is 0.888084 USDT. On the day, this instrument gained +3.97% and was between 0.835994 USDT and 0.888362 USDT. This implies that the price is at +6.23% from its lowest and at -0.03% from its highest.0.835994
0.888362
0.888084
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 15 min. of this SHENTU - CTK/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 15 minutes
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 | 0.811139 | 0.843253 | 0.872045 | 0.888084 | 0.905353 | 1.577000 | 2.220000 |
| Change (%) | -8.66% | -5.05% | -1.81% | - | +1.94% | +77.57% | +149.98% |
| Change | -0.076945 | -0.044831 | -0.016039 | - | +0.017269 | +0.688916 | +1.331916 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.775811 | 0.798447 | 0.826332 | 0.848968 | 0.876853 | 0.899489 | 0.927374 |
| Camarilla | 0.840324 | 0.844955 | 0.849586 | 0.854217 | 0.858848 | 0.863479 | 0.868110 |
| Woodie | 0.778436 | 0.799759 | 0.828957 | 0.850280 | 0.879478 | 0.900801 | 0.929999 |
| Fibonacci | 0.798447 | 0.817746 | 0.829669 | 0.848968 | 0.868267 | 0.880190 | 0.899489 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.601121 | 0.658319 | 0.766130 | 0.823328 | 0.931139 | 0.988337 | 1.096148 |
| Camarilla | 0.828563 | 0.843688 | 0.858814 | 0.873940 | 0.889066 | 0.904192 | 0.919318 |
| Woodie | 0.626427 | 0.670972 | 0.791436 | 0.835981 | 0.956445 | 1.000990 | 1.121454 |
| Fibonacci | 0.658319 | 0.721353 | 0.760295 | 0.823328 | 0.886362 | 0.925304 | 0.988337 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.433790 | 0.520799 | 0.671062 | 0.758071 | 0.908334 | 0.995343 | 1.145606 |
| Camarilla | 0.756076 | 0.777826 | 0.799576 | 0.821326 | 0.843076 | 0.864826 | 0.886576 |
| Woodie | 0.465418 | 0.536613 | 0.702690 | 0.773885 | 0.939962 | 1.011157 | 1.177234 |
| Fibonacci | 0.520799 | 0.611437 | 0.667433 | 0.758071 | 0.848709 | 0.904705 | 0.995343 |
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): | 61.01 | |
| MACD (12,26,9): | 0.0037 | |
| Directional Movement: | 3.070219 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.871980 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.857163 | |
| Elder Ray (13): | 0.007133 | |
| Super Trend (3,10): | 0.853751 | |
| Zig ZAG (10): | 0.880361 | |
| VORTEX (21): | 1.0809 | |
| Stochastique (14,3,5): | 85.19 | |
| TEMA (21): | 0.873766 | |
| Williams %R (14): | -10.66 | |
| Chande Momentum Oscillator (20): | 0.013424 | |
| Repulse (5,40,3): | 1.3574 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0594 | |
| Courbe Coppock: | 1.54 |
| MA7: | 0.849417 | |
| MA20: | 0.778410 | |
| MA50: | 0.703609 | |
| MA100: | 0.705360 | |
| MAexp7: | 0.874413 | |
| MAexp20: | 0.866224 | |
| MAexp50: | 0.861218 | |
| MAexp100: | 0.857283 | |
| Price / MA7: | +4.55% | |
| Price / MA20: | +14.09% | |
| Price / MA50: | +26.22% | |
| Price / MA100: | +25.91% | |
| Price / MAexp7: | +1.56% | |
| Price / MAexp20: | +2.52% | |
| Price / MAexp50: | +3.12% | |
| Price / MAexp100: | +3.59% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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