Londinia Opportunities Analyses - 05/08/2024 (GMT) VICTORIA - VR/USDT - 1H

VICTORIA - VR/USDT
- USDT (-)
- Real time data - Cryptocompare
Type: Cryptocurrencies
Ticker: VRUSDT
ISIN:

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • Cryptocurrencies
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 0.018010 USDT
My targets
0.016661 USDT (-4.71%)
0.014379 USDT (-17.76%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on VICTORIA - VR/USDT as long as the price remains well below 0.018010 USDT. The sellers' bearish objective is set at 0.016661 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.014379 USDT. In case of crossing, the next objective would be the support located at 0.013481 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

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Additional analysis

Quotes

The VICTORIA - VR/USDT rating is 0.017485 USDT. The price registered an increase of +0.16% on the session and was between 0.017359 USDT and 0.017552 USDT. This implies that the price is at +0.73% from its lowest and at -0.38% from its highest.

0.017359
0.017552
0.017485

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of VICTORIA - VR/USDT in 1H shows a overall strongly bearish trend. 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 scanner does not detect any result on moving averages that would impact this trend.

The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.009377 0.013481 0.017387 0.017485 0.018010 0.019436 0.019943
Change (%) -46.37% -22.90% -0.56% - +3.00% +11.16% +14.06%
Change -0.008108 -0.004004 -0.000098 - +0.000525 +0.001951 +0.002458
Level Minor Intermediate Intermediate - Intermediate Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0140080.0156920.0165750.0182590.0191420.0208260.021709
Camarilla0.0167520.0169870.0172230.0174580.0176930.0179290.018164
Woodie0.0136080.0154920.0161750.0180590.0187420.0206260.021309
Fibonacci0.0156920.0166730.0172780.0182590.0192400.0198450.020826


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0116600.0143790.0166610.0193800.0216620.0243810.026663
Camarilla0.0175670.0180250.0184840.0189420.0194000.0198590.020317
Woodie0.0114410.0142700.0164420.0192710.0214430.0242720.026444
Fibonacci0.0143790.0162900.0174700.0193800.0212910.0224710.024381


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0079160.0048210.0114350.0241720.0307860.0435230.050137
Camarilla0.0127270.0145000.0162740.0180480.0198220.0215960.023370
Woodie-0.0109790.0032900.0083730.0226410.0277240.0419920.047075
Fibonacci0.0048210.0122130.0167800.0241720.0315640.0361310.043523

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 38.41
MACD (12,26,9): -0.0002
Directional Movement: 5.215555
AROON (14): -78.571429
DEMA (21): 0.017578
Parabolic SAR (0,02-0,02-0,2): 0.018849
Elder Ray (13): -0.000268
Super Trend (3,10): 0.018467
Zig ZAG (10): 0.017488
VORTEX (21): 0.9144
Stochastique (14,3,5): 3.88
TEMA (21): 0.017502
Williams %R (14): -95.05
Chande Momentum Oscillator (20): -0.000529
Repulse (5,40,3): -0.5704
ROCnROLL: 2
TRIX (15,9): -0.1393
Courbe Coppock: 6.47
MA7: 0.018342
MA20: 0.019785
MA50: 0.025494
MA100: 0.034439
MAexp7: 0.017598
MAexp20: 0.017856
MAexp50: 0.018184
MAexp100: 0.018444
Price / MA7: -4.67%
Price / MA20: -11.62%
Price / MA50: -31.42%
Price / MA100: -49.23%
Price / MAexp7: -0.64%
Price / MAexp20: -2.08%
Price / MAexp50: -3.84%
Price / MAexp100: -5.20%

Quotes : - Real time data - Cryptocompare