Londinia Opportunities Analyses - 05/07/2024 (GMT) BONE SHIBASWAP - BONE/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | BONEUSDT |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
83%
11%
My opinion
Bearish under 0.594163 USDT
My targets
0.583674 USDT (-1.15%)
0.564800 USDT (-4.35%)
My analysis
BONE SHIBASWAP - BONE/USDT 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 0.594163 USDT. The next support located at 0.583674 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.564800 USDT. Below this support, sellers could then target 0.526749 USDT. 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
8.6
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Additional analysis
Quotes
The BONE SHIBASWAP - BONE/USDT rating is 0.590480 USDT. The price registered a decrease of -1.69% on the session with the lowest point at 0.588637 USDT and the highest point at 0.613633 USDT. The deviation from the price is +0.31% for the low point and -3.77% for the high point.0.588637
0.613633
0.590480
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of BONE SHIBASWAP - BONE/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.526749 | 0.564800 | 0.583674 | 0.590480 | 0.594163 | 0.616323 | 0.631161 |
| Change (%) | -10.79% | -4.35% | -1.15% | - | +0.62% | +4.38% | +6.89% |
| Change | -0.063731 | -0.025680 | -0.006806 | - | +0.003683 | +0.025843 | +0.040681 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | Minor |
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 | 0.557499 | 0.578353 | 0.589454 | 0.610308 | 0.621409 | 0.642263 | 0.653364 |
| Camarilla | 0.591768 | 0.594698 | 0.597627 | 0.600556 | 0.603485 | 0.606414 | 0.609344 |
| Woodie | 0.552624 | 0.575915 | 0.584579 | 0.607870 | 0.616534 | 0.639825 | 0.648489 |
| Fibonacci | 0.578353 | 0.590560 | 0.598101 | 0.610308 | 0.622515 | 0.630056 | 0.642263 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.416866 | 0.471807 | 0.543921 | 0.598862 | 0.670976 | 0.725917 | 0.798031 |
| Camarilla | 0.581094 | 0.592741 | 0.604387 | 0.616034 | 0.627681 | 0.639327 | 0.650974 |
| Woodie | 0.425452 | 0.476100 | 0.552507 | 0.603155 | 0.679562 | 0.730210 | 0.806617 |
| Fibonacci | 0.471807 | 0.520342 | 0.550327 | 0.598862 | 0.647397 | 0.677382 | 0.725917 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.093133 | 0.301370 | 0.445130 | 0.653367 | 0.797127 | 1.005364 | 1.149124 |
| Camarilla | 0.492092 | 0.524358 | 0.556625 | 0.588891 | 0.621157 | 0.653424 | 0.685690 |
| Woodie | 0.060896 | 0.285251 | 0.412893 | 0.637248 | 0.764890 | 0.989245 | 1.116887 |
| Fibonacci | 0.301370 | 0.435833 | 0.518904 | 0.653367 | 0.787830 | 0.870901 | 1.005364 |
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): | 32.37 | |
| MACD (12,26,9): | -0.0032 | |
| Directional Movement: | -19.030587 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.598225 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.609401 | |
| Elder Ray (13): | -0.007663 | |
| Super Trend (3,10): | 0.609214 | |
| Zig ZAG (10): | 0.592136 | |
| VORTEX (21): | 0.9158 | |
| Stochastique (14,3,5): | 10.30 | |
| TEMA (21): | 0.597450 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.013827 | |
| Repulse (5,40,3): | -0.6974 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0480 | |
| Courbe Coppock: | 1.56 |
| MA7: | 0.613087 | |
| MA20: | 0.629263 | |
| MA50: | 0.718425 | |
| MA100: | 0.734346 | |
| MAexp7: | 0.597059 | |
| MAexp20: | 0.601995 | |
| MAexp50: | 0.607315 | |
| MAexp100: | 0.611151 | |
| Price / MA7: | -3.69% | |
| Price / MA20: | -6.16% | |
| Price / MA50: | -17.81% | |
| Price / MA100: | -19.59% | |
| Price / MAexp7: | -1.10% | |
| Price / MAexp20: | -1.91% | |
| Price / MAexp50: | -2.77% | |
| Price / MAexp100: | -3.38% |
Quotes :
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Real time data
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