UTRUST - UTK/USDT - Weekly - Technical analysis published on 09/19/2021 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 0.379100 USDT
My targets
0.547600 USDT (+22.40%)
0.633000 USDT (+41.48%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on UTRUST - UTK/USDT as long as the price remains well above 0.379100 USDT. The buyers' bullish objective is set at 0.547600 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.633000 USDT. If there is any crossing, the next objective would be the resistance located at 0.913100 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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This analysis was given by Abu_norah. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The UTRUST - UTK/USDT price is 0.447400 USDT. The price is up +21.74% over 5 days with the lowest point at 0.354600 USDT and the highest point at 0.402200 USDT. The deviation from the price is +26.17% for the low point and +11.24% for the high point.0.354600
0.402200
0.447400
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Weekly chart of UTRUST - UTK/USDT indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.020972 | 0.159278 | 0.379100 | 0.447400 | 0.633000 | 0.913100 |
| Change (%) | -95.31% | -64.40% | -15.27% | - | +41.48% | +104.09% |
| Change | -0.426428 | -0.288122 | -0.068300 | - | +0.185600 | +0.465700 |
| Level | Minor | Major | Major | - | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.217433 | 0.286867 | 0.345233 | 0.414667 | 0.473033 | 0.542467 | 0.600833 |
| Camarilla | 0.368455 | 0.380170 | 0.391885 | 0.403600 | 0.415315 | 0.427030 | 0.438745 |
| Woodie | 0.211900 | 0.284100 | 0.339700 | 0.411900 | 0.467500 | 0.539700 | 0.595300 |
| Fibonacci | 0.286867 | 0.335686 | 0.365847 | 0.414667 | 0.463486 | 0.493647 | 0.542467 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.204600 | 0.276600 | 0.340100 | 0.412100 | 0.475600 | 0.547600 | 0.611100 |
| Camarilla | 0.366338 | 0.378758 | 0.391179 | 0.403600 | 0.416021 | 0.428442 | 0.440863 |
| Woodie | 0.200350 | 0.274475 | 0.335850 | 0.409975 | 0.471350 | 0.545475 | 0.606850 |
| Fibonacci | 0.276600 | 0.328361 | 0.360339 | 0.412100 | 0.463861 | 0.495839 | 0.547600 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.506100 | -0.642200 | -0.106800 | 0.757100 | 1.292500 | 2.156400 | 2.691800 |
| Camarilla | 0.043793 | 0.172062 | 0.300331 | 0.428600 | 0.556869 | 0.685138 | 0.813408 |
| Woodie | -1.670350 | -0.724325 | -0.271050 | 0.674975 | 1.128250 | 2.074275 | 2.527550 |
| Fibonacci | -0.642200 | -0.107667 | 0.222567 | 0.757100 | 1.291633 | 1.621867 | 2.156400 |
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): | 54.95 | |
| MACD (12,26,9): | 0.0224 | |
| Directional Movement: | 30.604439 | |
| AROON (14): | 21.428570 | |
| DEMA (21): | 0.404330 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.321203 | |
| Elder Ray (13): | 0.044205 | |
| Super Trend (3,10): | 0.607687 | |
| Zig ZAG (10): | 0.455400 | |
| VORTEX (21): | 1.0118 | |
| Stochastique (14,3,5): | 17.63 | |
| TEMA (21): | 0.397648 | |
| Williams %R (14): | -80.08 | |
| Chande Momentum Oscillator (20): | 0.222200 | |
| Repulse (5,40,3): | -15.0923 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2051 | |
| Courbe Coppock: | 91.16 |
| MA7: | 0.389671 | |
| MA20: | 0.417090 | |
| MA50: | 0.404364 | |
| MA100: | 0.313984 | |
| MAexp7: | 0.409942 | |
| MAexp20: | 0.377886 | |
| MAexp50: | 0.321769 | |
| MAexp100: | 0.254729 | |
| Price / MA7: | +14.81% | |
| Price / MA20: | +7.27% | |
| Price / MA50: | +10.64% | |
| Price / MA100: | +42.49% | |
| Price / MAexp7: | +9.14% | |
| Price / MAexp20: | +18.40% | |
| Price / MAexp50: | +39.04% | |
| Price / MAexp100: | +75.64% |
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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