HARVEST FINANCE - FARM/USD - 1H - Technical analysis published on 04/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 74.98 USD
My targets
71.07 USD (-4.23%)
67.15 USD (-9.51%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on HARVEST FINANCE - FARM/USD. As long as you are under the resistance located at 74.98 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 71.07 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 67.15 USD as an objective. Crossing it would then enable sellers to target 53.88 USD. If the resistance 74.98 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The HARVEST FINANCE - FARM/USD rating is 74.21 USD. The price registered a decrease of -0.79% on the session and was traded between 71.85 USD and 79.27 USD over the period. The price is currently at +3.28% from its lowest and -6.38% from its highest.71.85
79.27
74.21
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by HARVEST FINANCE - FARM/USD:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of HARVEST FINANCE - FARM/USD indicates that the overall trend is bearish. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 53.88 | 67.15 | 71.07 | 74.21 | 74.98 | 86.03 | 101.53 |
| Change (%) | -27.40% | -9.51% | -4.23% | - | +1.04% | +15.93% | +36.81% |
| Change | -20.33 | -7.06 | -3.14 | - | +0.77 | +11.82 | +27.32 |
| Level | Major | Major | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.39 | 61.95 | 68.38 | 73.94 | 80.37 | 85.93 | 92.36 |
| Camarilla | 71.50 | 72.60 | 73.70 | 74.80 | 75.90 | 77.00 | 78.10 |
| Woodie | 56.82 | 62.17 | 68.81 | 74.16 | 80.80 | 86.15 | 92.79 |
| Fibonacci | 61.95 | 66.53 | 69.36 | 73.94 | 78.52 | 81.35 | 85.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -27.59 | 10.22 | 48.41 | 86.22 | 124.41 | 162.22 | 200.41 |
| Camarilla | 65.70 | 72.67 | 79.63 | 86.60 | 93.57 | 100.53 | 107.50 |
| Woodie | -27.40 | 10.32 | 48.60 | 86.32 | 124.60 | 162.32 | 200.60 |
| Fibonacci | 10.22 | 39.25 | 57.19 | 86.22 | 115.25 | 133.19 | 162.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.41 | 34.58 | 44.63 | 54.80 | 64.85 | 75.02 | 85.07 |
| Camarilla | 49.12 | 50.97 | 52.83 | 54.68 | 56.53 | 58.39 | 60.24 |
| Woodie | 24.35 | 34.55 | 44.57 | 54.77 | 64.79 | 74.99 | 85.01 |
| Fibonacci | 34.58 | 42.30 | 47.08 | 54.80 | 62.52 | 67.30 | 75.02 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.00 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 14.51 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 74.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 79.12 | |
| Elder Ray (13): | 1.32 | |
| Super Trend (3,10): | 76.27 | |
| Zig ZAG (10): | 75.76 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 51.92 | |
| TEMA (21): | 75.50 | |
| Williams %R (14): | -47.56 | |
| Chande Momentum Oscillator (20): | -0.15 | |
| Repulse (5,40,3): | -1.7300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 2.23 |
| MA7: | 83.66 | |
| MA20: | 69.46 | |
| MA50: | 58.67 | |
| MA100: | 50.76 | |
| MAexp7: | 74.72 | |
| MAexp20: | 74.36 | |
| MAexp50: | 75.89 | |
| MAexp100: | 79.04 | |
| Price / MA7: | -11.30% | |
| Price / MA20: | +6.84% | |
| Price / MA50: | +26.49% | |
| Price / MA100: | +46.20% | |
| Price / MAexp7: | -0.68% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -2.21% | |
| Price / MAexp100: | -6.11% |
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.
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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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