INTERNET COMPUTER - ICP/USDT - Daily - Technical analysis published on 01/14/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 4.42 USDT
My targets
5.65 USDT (+14.54%)
6.22 USDT (+26.17%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on INTERNET COMPUTER - ICP/USDT as long as the price remains well above 4.42 USDT. The buyers' bullish objective is set at 5.65 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.22 USDT. If there is any crossing, the next objective would be the resistance located at 7.17 USDT.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.3
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This analysis was given by EpicHaxer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INTERNET COMPUTER - ICP/USDT price is 4.93 USDT. The price has increased by +6.94% since the last closing with the lowest point at 4.59 USDT and the highest point at 5.32 USDT. The deviation from the price is +7.41% for the low point and -7.33% for the high point.4.59
5.32
4.93
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by INTERNET COMPUTER - ICP/USDT:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of INTERNET COMPUTER - ICP/USDT indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:
Long white line
Type : Bullish
Timeframe : Daily
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3.63 | 4.42 | 4.93 | 6.22 | 7.17 | 8.99 |
| Change (%) | -26.37% | -10.34% | - | +26.17% | +45.44% | +82.35% |
| Change | -1.30 | -0.51 | - | +1.29 | +2.24 | +4.06 |
| Level | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.11 | 4.24 | 4.42 | 4.55 | 4.73 | 4.86 | 5.04 |
| Camarilla | 4.53 | 4.55 | 4.58 | 4.61 | 4.64 | 4.67 | 4.70 |
| Woodie | 4.15 | 4.25 | 4.46 | 4.56 | 4.77 | 4.87 | 5.08 |
| Fibonacci | 4.24 | 4.36 | 4.43 | 4.55 | 4.67 | 4.74 | 4.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.33 | 3.55 | 3.78 | 4.00 | 4.23 | 4.45 | 4.68 |
| Camarilla | 3.89 | 3.93 | 3.97 | 4.01 | 4.05 | 4.09 | 4.13 |
| Woodie | 3.34 | 3.55 | 3.79 | 4.00 | 4.24 | 4.45 | 4.69 |
| Fibonacci | 3.55 | 3.72 | 3.83 | 4.00 | 4.17 | 4.28 | 4.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.23 | 2.80 | 3.37 | 3.94 | 4.51 | 5.08 | 5.65 |
| Camarilla | 3.62 | 3.72 | 3.83 | 3.93 | 4.04 | 4.14 | 4.24 |
| Woodie | 2.22 | 2.80 | 3.36 | 3.94 | 4.50 | 5.08 | 5.64 |
| Fibonacci | 2.80 | 3.24 | 3.51 | 3.94 | 4.38 | 4.65 | 5.08 |
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): | 76.56 | |
| MACD (12,26,9): | 0.1800 | |
| Directional Movement: | 32.16 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 4.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.92 | |
| Elder Ray (13): | 0.65 | |
| Super Trend (3,10): | 4.16 | |
| Zig ZAG (10): | 4.95 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 88.43 | |
| TEMA (21): | 4.58 | |
| Williams %R (14): | -24.60 | |
| Chande Momentum Oscillator (20): | 0.92 | |
| Repulse (5,40,3): | 11.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2700 | |
| Courbe Coppock: | 25.11 |
| MA7: | 4.44 | |
| MA20: | 4.12 | |
| MA50: | 4.05 | |
| MA100: | 4.38 | |
| MAexp7: | 4.49 | |
| MAexp20: | 4.21 | |
| MAexp50: | 4.17 | |
| MAexp100: | 4.53 | |
| Price / MA7: | +11.04% | |
| Price / MA20: | +19.66% | |
| Price / MA50: | +21.73% | |
| Price / MA100: | +12.56% | |
| Price / MAexp7: | +9.80% | |
| Price / MAexp20: | +17.10% | |
| Price / MAexp50: | +18.23% | |
| Price / MAexp100: | +8.83% |
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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