CRESCENT - Daily - Technical analysis published on 02/26/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 0.0080 EUR
My targets
0.0072 EUR (-7.69%)
0.0066 EUR (-15.38%)
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 CRESCENT. As long as you are under the resistance located at 0.0080 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.0072 EUR 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 0.0066 EUR as an objective. If the resistance 0.0080 EUR 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
1.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CRESCENT rating 0.0078 EUR. The price registered an increase of +5.41% on the session and was between 0.0074 EUR and 0.0078 EUR. This implies that the price is at +5.41% from its lowest and at 0% from its highest.0.0074
0.0078
0.0078
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this CRESCENT chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.0066 | 0.0078 | 0.0080 | 0.0098 | 0.0153 |
| Change (%) | -15.38% | - | +2.56% | +25.64% | +96.15% |
| Change | -0.0012 | - | +0.0002 | +0.0020 | +0.0075 |
| Level | Major | - | Minor | 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 | 0.0071 | 0.0073 | 0.0075 | 0.0077 | 0.0079 | 0.0081 | 0.0083 |
| Camarilla | 0.0077 | 0.0077 | 0.0078 | 0.0078 | 0.0078 | 0.0079 | 0.0079 |
| Woodie | 0.0072 | 0.0073 | 0.0076 | 0.0077 | 0.0080 | 0.0081 | 0.0084 |
| Fibonacci | 0.0073 | 0.0074 | 0.0075 | 0.0077 | 0.0078 | 0.0079 | 0.0081 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0065 | 0.0069 | 0.0073 | 0.0077 | 0.0081 | 0.0085 | 0.0089 |
| Camarilla | 0.0076 | 0.0077 | 0.0077 | 0.0078 | 0.0079 | 0.0080 | 0.0080 |
| Woodie | 0.0066 | 0.0069 | 0.0074 | 0.0077 | 0.0082 | 0.0085 | 0.0090 |
| Fibonacci | 0.0069 | 0.0072 | 0.0074 | 0.0077 | 0.0080 | 0.0082 | 0.0085 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0054 | 0.0064 | 0.0072 | 0.0082 | 0.0090 | 0.0100 | 0.0108 |
| Camarilla | 0.0075 | 0.0077 | 0.0078 | 0.0080 | 0.0082 | 0.0083 | 0.0085 |
| Woodie | 0.0053 | 0.0064 | 0.0071 | 0.0082 | 0.0089 | 0.0100 | 0.0107 |
| Fibonacci | 0.0064 | 0.0071 | 0.0075 | 0.0082 | 0.0089 | 0.0093 | 0.0100 |
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): | 50.52 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -7.1817 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 0.0075 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.0080 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 0.0087 | |
| Zig ZAG (10): | 0.0078 | |
| VORTEX (21): | 0.8909 | |
| Stochastique (14,3,5): | 33.33 | |
| TEMA (21): | 0.0075 | |
| Williams %R (14): | -40.00 | |
| Chande Momentum Oscillator (20): | -0.0002 | |
| Repulse (5,40,3): | -7.7452 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3243 | |
| Courbe Coppock: | 9.72 |
| MA7: | 0.0075 | |
| MA20: | 0.0077 | |
| MA50: | 0.0081 | |
| MA100: | 0.0084 | |
| MAexp7: | 0.0076 | |
| MAexp20: | 0.0077 | |
| MAexp50: | 0.0081 | |
| MAexp100: | 0.0093 | |
| Price / MA7: | +4.00% | |
| Price / MA20: | +1.30% | |
| Price / MA50: | -3.70% | |
| Price / MA100: | -7.14% | |
| Price / MAexp7: | +2.63% | |
| Price / MAexp20: | +1.30% | |
| Price / MAexp50: | -3.70% | |
| Price / MAexp100: | -16.13% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The latest news and videos published on CRESCENT at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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