METAL - MTL/USDT - 1H - Technical analysis published on 03/27/2023 (GMT)
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- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
44%
6%
50%
My opinion
Neutral between 1.18 USDT and 1.26 USDT
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on METAL - MTL/USDT. It is difficult to advise a trading direction under these conditions. The first resistance is located at 1.26 USDT. The first support is located at 1.18 USDT. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by Oli. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The METAL - MTL/USDT rating is 1.22 USDT. The price has increased by +0.00% since the last closing with the lowest point at 1.20 USDT and the highest point at 1.26 USDT. The deviation from the price is +1.67% for the low point and -3.17% for the high point.1.20
1.26
1.22
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of METAL - MTL/USDT indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.08 | 1.13 | 1.18 | 1.22 | 1.26 | 1.29 | 1.32 |
| Change (%) | -11.13% | -7.21% | -3.25% | - | +3.10% | +5.90% | +8.50% |
| Change | -0.14 | -0.09 | -0.04 | - | +0.04 | +0.07 | +0.10 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.12 | 1.16 | 1.19 | 1.23 | 1.26 | 1.30 | 1.33 |
| Camarilla | 1.20 | 1.21 | 1.21 | 1.22 | 1.23 | 1.23 | 1.24 |
| Woodie | 1.12 | 1.16 | 1.19 | 1.23 | 1.26 | 1.30 | 1.33 |
| Fibonacci | 1.16 | 1.19 | 1.20 | 1.23 | 1.26 | 1.27 | 1.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.94 | 1.02 | 1.15 | 1.23 | 1.36 | 1.44 | 1.57 |
| Camarilla | 1.22 | 1.24 | 1.26 | 1.28 | 1.30 | 1.32 | 1.34 |
| Woodie | 0.97 | 1.03 | 1.18 | 1.24 | 1.39 | 1.45 | 1.60 |
| Fibonacci | 1.02 | 1.10 | 1.15 | 1.23 | 1.31 | 1.36 | 1.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.66 | 0.11 | 0.73 | 1.50 | 2.12 | 2.89 | 3.51 |
| Camarilla | 0.98 | 1.11 | 1.23 | 1.36 | 1.49 | 1.62 | 1.74 |
| Woodie | -0.73 | 0.07 | 0.67 | 1.46 | 2.06 | 2.85 | 3.45 |
| Fibonacci | 0.11 | 0.64 | 0.97 | 1.50 | 2.03 | 2.36 | 2.89 |
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): | 50.51 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 7.54 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 1.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.25 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 1.25 | |
| Zig ZAG (10): | 1.22 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 38.17 | |
| TEMA (21): | 1.22 | |
| Williams %R (14): | -59.68 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1.20 | |
| MA20: | 1.15 | |
| MA50: | 1.15 | |
| MA100: | 0.97 | |
| MAexp7: | 1.22 | |
| MAexp20: | 1.22 | |
| MAexp50: | 1.22 | |
| MAexp100: | 1.21 | |
| Price / MA7: | +1.67% | |
| Price / MA20: | +6.09% | |
| Price / MA50: | +6.09% | |
| Price / MA100: | +25.77% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | +0.83% |
Quotes :
-
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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