TRUE CHAIN - TRUE/USDT - 1H - Technical analysis published on 12/27/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
TRUE CHAIN - TRUE/USDT Chart
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.208000 USDT
My targets
0.204000 USDT (-0.97%)
0.199811 USDT (-3.00%)
My analysis
TRUE CHAIN - TRUE/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.208000 USDT. The next support located at 0.204000 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.199811 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.4
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 Vincent Launay.
Additional analysis
Quotes
TRUE CHAIN - TRUE/USDT rating 0.206000 USDT. The price registered a decrease of -0.96% on the session with the lowest point at 0.204000 USDT and the highest point at 0.211000 USDT. The deviation from the price is +0.98% for the low point and -2.37% for the high point.0.204000
0.211000
0.206000
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of TRUE CHAIN - TRUE/USDT in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.199811 | 0.204000 | 0.206000 | 0.206000 | 0.208000 | 0.212000 | 0.220000 |
| Change (%) | -3.00% | -0.97% | 0% | - | +0.97% | +2.91% | +6.80% |
| Change | -0.006189 | -0.002000 | 0 | - | +0.002000 | +0.006000 | +0.014000 |
| Level | Intermediate | Major | Minor | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.198667 | 0.201333 | 0.204667 | 0.207333 | 0.210667 | 0.213333 | 0.216667 |
| Camarilla | 0.206350 | 0.206900 | 0.207450 | 0.208000 | 0.208550 | 0.209100 | 0.209650 |
| Woodie | 0.199000 | 0.201500 | 0.205000 | 0.207500 | 0.211000 | 0.213500 | 0.217000 |
| Fibonacci | 0.201333 | 0.203625 | 0.205041 | 0.207333 | 0.209625 | 0.211041 | 0.213333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.158333 | 0.173667 | 0.192333 | 0.207667 | 0.226333 | 0.241667 | 0.260333 |
| Camarilla | 0.201650 | 0.204767 | 0.207883 | 0.211000 | 0.214117 | 0.217233 | 0.220350 |
| Woodie | 0.160000 | 0.174500 | 0.194000 | 0.208500 | 0.228000 | 0.242500 | 0.262000 |
| Fibonacci | 0.173667 | 0.186655 | 0.194679 | 0.207667 | 0.220655 | 0.228679 | 0.241667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.108067 | 0.037767 | 0.128233 | 0.274067 | 0.364533 | 0.510367 | 0.600833 |
| Camarilla | 0.153718 | 0.175378 | 0.197039 | 0.218700 | 0.240361 | 0.262022 | 0.283683 |
| Woodie | -0.135750 | 0.023925 | 0.100550 | 0.260225 | 0.336850 | 0.496525 | 0.573150 |
| Fibonacci | 0.037767 | 0.128033 | 0.183800 | 0.274067 | 0.364333 | 0.420100 | 0.510367 |
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): | 47.81 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 4.364901 | |
| AROON (14): | 28.571426 | |
| DEMA (21): | 0.206478 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.210880 | |
| Elder Ray (13): | -0.000500 | |
| Super Trend (3,10): | 0.209116 | |
| Zig ZAG (10): | 0.206000 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 38.10 | |
| TEMA (21): | 0.206643 | |
| Williams %R (14): | -71.43 | |
| Chande Momentum Oscillator (20): | 0.000000 | |
| Repulse (5,40,3): | 0.3926 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0004 | |
| Courbe Coppock: | 0.12 |
| MA7: | 0.210286 | |
| MA20: | 0.211230 | |
| MA50: | 0.238082 | |
| MA100: | 0.247086 | |
| MAexp7: | 0.206531 | |
| MAexp20: | 0.206480 | |
| MAexp50: | 0.206872 | |
| MAexp100: | 0.207923 | |
| Price / MA7: | -2.04% | |
| Price / MA20: | -2.48% | |
| Price / MA50: | -13.48% | |
| Price / MA100: | -16.63% | |
| Price / MAexp7: | -0.26% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -0.42% | |
| Price / MAexp100: | -0.92% |
This member declared not having a position on this financial instrument or a related financial instrument.
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