UTRUST - UTK/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	UTKUSDT
ISIN:

UTRUST - UTK/USDT - Daily - Technical analysis published on 03/31/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

11%

My opinion

Bullish above 0.232800 USDT

My targets

0.295500 USDT (+6.29%)

0.375800 USDT (+35.18%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on UTRUST - UTK/USDT. This is a positive signal for buyers. As long as the price remains above 0.232800 USDT, a purchase could be considered. The first bullish objective is located at 0.295500 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.375800 USDT as an objective. Crossing it would then enable buyers to target 0.406700 USDT. In the event of a return below 0.232800 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

6.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The UTRUST - UTK/USDT rating is 0.278000 USDT. On the day, this instrument gained +4.16% with the lowest point at 0.266100 USDT and the highest point at 0.279900 USDT. The deviation from the price is +4.47% for the low point and -0.68% for the high point.

0.266100

0.279900

0.278000

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:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of UTRUST - UTK/USDT indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

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

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.159278	0.189100	0.226767	0.278000	0.295500	0.406700	0.532600
Change (%)	-42.71%	-31.98%	-18.43%	-	+6.29%	+46.29%	+91.58%
Change	-0.118722	-0.088900	-0.051233	-	+0.017500	+0.128700	+0.254600
Level	Major	Minor	Intermediate	-	Major	Intermediate	Intermediate

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	0.253200	0.258700	0.262800	0.268300	0.272400	0.277900	0.282000
Camarilla	0.264260	0.265140	0.266020	0.266900	0.267780	0.268660	0.269540
Woodie	0.252500	0.258350	0.262100	0.267950	0.271700	0.277550	0.281300
Fibonacci	0.258700	0.262367	0.264633	0.268300	0.271967	0.274233	0.277900

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.202233	0.216367	0.235433	0.249567	0.268633	0.282767	0.301833
Camarilla	0.245370	0.248413	0.251457	0.254500	0.257543	0.260587	0.263630
Woodie	0.204700	0.217600	0.237900	0.250800	0.271100	0.284000	0.304300
Fibonacci	0.216367	0.229049	0.236884	0.249567	0.262249	0.270084	0.282767

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.007900	0.089800	0.150900	0.232800	0.293900	0.375800	0.436900
Camarilla	0.172675	0.185783	0.198892	0.212000	0.225108	0.238217	0.251325
Woodie	-0.002500	0.084600	0.140500	0.227600	0.283500	0.370600	0.426500
Fibonacci	0.089800	0.144426	0.178174	0.232800	0.287426	0.321174	0.375800

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):	62.11
MACD (12,26,9):	0.0085
Directional Movement:	19.027458
AROON (14):	71.428572
DEMA (21):	0.264257
Parabolic SAR (0,02-0,02-0,2):	0.229031
Elder Ray (13):	0.013188
Super Trend (3,10):	0.227517
Zig ZAG (10):	0.277600
VORTEX (21):	1.1037
Stochastique (14,3,5):	70.32
TEMA (21):	0.273303
Williams %R (14):	-19.34
Chande Momentum Oscillator (20):	0.037000
Repulse (5,40,3):	3.1365
ROCnROLL:	1
TRIX (15,9):	0.3391
Courbe Coppock:	24.39

MA7:	0.265671
MA20:	0.250160
MA50:	0.242286
MA100:	0.275524
MAexp7:	0.266737
MAexp20:	0.254693
MAexp50:	0.253236
MAexp100:	0.272888
Price / MA7:	+4.64%
Price / MA20:	+11.13%
Price / MA50:	+14.74%
Price / MA100:	+0.90%
Price / MAexp7:	+4.22%
Price / MAexp20:	+9.15%
Price / MAexp50:	+9.78%
Price / MAexp100:	+1.87%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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