KOMODO - KMD/USDT - 1H - Technical analysis published on 05/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 0.540867 USDT
My targets
0.527200 USDT (-1.22%)
0.513722 USDT (-3.74%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on KOMODO - KMD/USDT as long as the price remains well below 0.540867 USDT. The next bearish objective for sellers is set at 0.527200 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.513722 USDT. If there is any crossing, the next objective would be the support located at 0.498322 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 over sold items that could be a sign of a short-term correction.
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
3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The KOMODO - KMD/USDT price is 0.533700 USDT. On the day, this instrument lost +0.04% with the lowest point at 0.523600 USDT and the highest point at 0.546900 USDT. The deviation from the price is +1.93% for the low point and -2.41% for the high point.0.523600
0.546900
0.533700
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
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 KOMODO - KMD/USDT in 1H shows a overall strongly bearish trend. The signals given by moving averages are 82.14% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.498322 | 0.513722 | 0.527200 | 0.533700 | 0.540867 | 0.559545 | 0.578350 |
| Change (%) | -6.63% | -3.74% | -1.22% | - | +1.34% | +4.84% | +8.37% |
| Change | -0.035378 | -0.019978 | -0.006500 | - | +0.007167 | +0.025845 | +0.044650 |
| Level | Major | Intermediate | Minor | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.465400 | 0.489500 | 0.511500 | 0.535600 | 0.557600 | 0.581700 | 0.603700 |
| Camarilla | 0.520823 | 0.525048 | 0.529274 | 0.533500 | 0.537726 | 0.541952 | 0.546178 |
| Woodie | 0.464350 | 0.488975 | 0.510450 | 0.535075 | 0.556550 | 0.581175 | 0.602650 |
| Fibonacci | 0.489500 | 0.507110 | 0.517990 | 0.535600 | 0.553210 | 0.564090 | 0.581700 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.425200 | 0.470600 | 0.513800 | 0.559200 | 0.602400 | 0.647800 | 0.691000 |
| Camarilla | 0.532635 | 0.540757 | 0.548878 | 0.557000 | 0.565122 | 0.573243 | 0.581365 |
| Woodie | 0.424100 | 0.470050 | 0.512700 | 0.558650 | 0.601300 | 0.647250 | 0.689900 |
| Fibonacci | 0.470600 | 0.504445 | 0.525355 | 0.559200 | 0.593045 | 0.613955 | 0.647800 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.069467 | 0.206833 | 0.370167 | 0.507533 | 0.670867 | 0.808233 | 0.971567 |
| Camarilla | 0.450808 | 0.478372 | 0.505936 | 0.533500 | 0.561064 | 0.588628 | 0.616193 |
| Woodie | 0.082450 | 0.213325 | 0.383150 | 0.514025 | 0.683850 | 0.814725 | 0.984550 |
| Fibonacci | 0.206833 | 0.321701 | 0.392666 | 0.507533 | 0.622401 | 0.693366 | 0.808233 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.49 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -3.857752 | |
| AROON (14): | -57.142859 | |
| DEMA (21): | 0.536833 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.522825 | |
| Elder Ray (13): | 0.000154 | |
| Super Trend (3,10): | 0.556481 | |
| Zig ZAG (10): | 0.536600 | |
| VORTEX (21): | 1.0870 | |
| Stochastique (14,3,5): | 64.81 | |
| TEMA (21): | 0.539031 | |
| Williams %R (14): | -39.48 | |
| Chande Momentum Oscillator (20): | 0.004200 | |
| Repulse (5,40,3): | 0.5034 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0038 | |
| Courbe Coppock: | 0.70 |
| MA7: | 0.553414 | |
| MA20: | 0.537595 | |
| MA50: | 0.435006 | |
| MA100: | 0.553868 | |
| MAexp7: | 0.537721 | |
| MAexp20: | 0.537370 | |
| MAexp50: | 0.540442 | |
| MAexp100: | 0.545888 | |
| Price / MA7: | -3.56% | |
| Price / MA20: | -0.72% | |
| Price / MA50: | +22.69% | |
| Price / MA100: | -3.64% | |
| Price / MAexp7: | -0.75% | |
| Price / MAexp20: | -0.68% | |
| Price / MAexp50: | -1.25% | |
| Price / MAexp100: | -2.23% |
This member declared not having a position on this financial instrument or a related financial instrument.
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