Londinia Opportunities Analyses - 05/08/2024 (GMT) SYNAPSE - SYN/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | SYNUSDT |
| ISIN: |
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 0.865310 USDT
My targets
0.823823 USDT (-3.10%)
0.808800 USDT (-4.87%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SYNAPSE - SYN/USDT as long as the price remains well below 0.865310 USDT. The sellers' bearish objective is set at 0.823823 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.808800 USDT. In case of crossing, the next objective would be the support located at 0.676570 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.2
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Additional analysis
Quotes
The SYNAPSE - SYN/USDT rating is 0.850219 USDT. The price registered a decrease of -0.26% on the session and was between 0.848452 USDT and 0.858671 USDT. This implies that the price is at +0.21% from its lowest and at -0.98% from its highest.0.848452
0.858671
0.850219
Here is a more detailed summary of the historical variations registered by SYNAPSE - SYN/USDT:
Technical
A technical analysis in 1H of this SYNAPSE - SYN/USDT chart shows a sharp 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 market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
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
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.808800 | 0.823823 | 0.850187 | 0.850219 | 0.865310 | 0.880192 | 0.914207 |
| Change (%) | -4.87% | -3.10% | +0.00% | - | +1.77% | +3.53% | +7.53% |
| Change | -0.041419 | -0.026396 | -0.000032 | - | +0.015091 | +0.029973 | +0.063988 |
| Level | Intermediate | Minor | Minor | - | Minor | 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 | 0.772703 | 0.811539 | 0.831965 | 0.870801 | 0.891227 | 0.930063 | 0.950489 |
| Camarilla | 0.836094 | 0.841526 | 0.846959 | 0.852391 | 0.857823 | 0.863256 | 0.868688 |
| Woodie | 0.763498 | 0.806937 | 0.822760 | 0.866199 | 0.882022 | 0.925461 | 0.941284 |
| Fibonacci | 0.811539 | 0.834177 | 0.848163 | 0.870801 | 0.893439 | 0.907425 | 0.930063 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.557624 | 0.678144 | 0.784402 | 0.904922 | 1.011180 | 1.131700 | 1.237958 |
| Camarilla | 0.828295 | 0.849083 | 0.869871 | 0.890659 | 0.911447 | 0.932235 | 0.953023 |
| Woodie | 0.550492 | 0.674579 | 0.777270 | 0.901357 | 1.004048 | 1.128135 | 1.230826 |
| Fibonacci | 0.678144 | 0.764774 | 0.818293 | 0.904922 | 0.991552 | 1.045071 | 1.131700 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.404316 | 0.205408 | 0.534141 | 1.143865 | 1.472598 | 2.082322 | 2.411055 |
| Camarilla | 0.604798 | 0.690824 | 0.776849 | 0.862874 | 0.948899 | 1.034925 | 1.120950 |
| Woodie | -0.544812 | 0.135160 | 0.393646 | 1.073617 | 1.332103 | 2.012074 | 2.270560 |
| Fibonacci | 0.205408 | 0.563899 | 0.785374 | 1.143865 | 1.502356 | 1.723831 | 2.082322 |
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): | 29.31 | |
| MACD (12,26,9): | -0.0120 | |
| Directional Movement: | -18.438307 | |
| AROON (14): | -71.428572 | |
| DEMA (21): | 0.860631 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.886909 | |
| Elder Ray (13): | -0.015918 | |
| Super Trend (3,10): | 0.883735 | |
| Zig ZAG (10): | 0.850488 | |
| VORTEX (21): | 0.8627 | |
| Stochastique (14,3,5): | 4.52 | |
| TEMA (21): | 0.852977 | |
| Williams %R (14): | -97.11 | |
| Chande Momentum Oscillator (20): | -0.039363 | |
| Repulse (5,40,3): | -1.4551 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1259 | |
| Courbe Coppock: | 7.97 |
| MA7: | 0.885819 | |
| MA20: | 0.972634 | |
| MA50: | 1.147360 | |
| MA100: | 1.077630 | |
| MAexp7: | 0.858963 | |
| MAexp20: | 0.874653 | |
| MAexp50: | 0.887199 | |
| MAexp100: | 0.894236 | |
| Price / MA7: | -4.02% | |
| Price / MA20: | -12.59% | |
| Price / MA50: | -25.90% | |
| Price / MA100: | -21.10% | |
| Price / MAexp7: | -1.02% | |
| Price / MAexp20: | -2.79% | |
| Price / MAexp50: | -4.17% | |
| Price / MAexp100: | -4.92% |
Quotes :
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Real time data
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Cryptocompare