CHROMA - CHR/USDT - 1H - Technical analysis published on 09/20/2023 (GMT)
- 135
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 0.099160 USDT
My targets
0.095467 USDT (-2.77%)
0.085263 USDT (-13.17%)
My analysis
CHROMA - CHR/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 0.099160 USDT. The next support located at 0.095467 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 0.085263 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.9
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 Godson1735. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHROMA - CHR/USDT price is 0.098190 USDT. The price registered a decrease of -2.01% on the session and was traded between 0.097820 USDT and 0.101300 USDT over the period. The price is currently at +0.38% from its lowest and -3.07% from its highest.0.097820
0.101300
0.098190
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:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on CHROMA - CHR/USDT were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of CHROMA - CHR/USDT in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.085263 | 0.095467 | 0.098190 | 0.099160 | 0.100311 | 0.103600 |
| Change (%) | -13.17% | -2.77% | - | +0.99% | +2.16% | +5.51% |
| Change | -0.012927 | -0.002723 | - | +0.000970 | +0.002121 | +0.005410 |
| Level | Minor | Major | - | Minor | 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 | 0.091400 | 0.095280 | 0.097740 | 0.101620 | 0.104080 | 0.107960 | 0.110420 |
| Camarilla | 0.098457 | 0.099038 | 0.099619 | 0.100200 | 0.100781 | 0.101362 | 0.101944 |
| Woodie | 0.090690 | 0.094925 | 0.097030 | 0.101265 | 0.103370 | 0.107605 | 0.109710 |
| Fibonacci | 0.095280 | 0.097702 | 0.099198 | 0.101620 | 0.104042 | 0.105538 | 0.107960 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.069417 | 0.082213 | 0.095507 | 0.108303 | 0.121597 | 0.134393 | 0.147687 |
| Camarilla | 0.101625 | 0.104017 | 0.106408 | 0.108800 | 0.111192 | 0.113583 | 0.115975 |
| Woodie | 0.069665 | 0.082338 | 0.095755 | 0.108428 | 0.121845 | 0.134518 | 0.147935 |
| Fibonacci | 0.082213 | 0.092180 | 0.098337 | 0.108303 | 0.118270 | 0.124427 | 0.134393 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.032783 | 0.057147 | 0.072673 | 0.097037 | 0.112563 | 0.136927 | 0.152453 |
| Camarilla | 0.077230 | 0.080887 | 0.084543 | 0.088200 | 0.091857 | 0.095513 | 0.099170 |
| Woodie | 0.028365 | 0.054938 | 0.068255 | 0.094828 | 0.108145 | 0.134718 | 0.148035 |
| Fibonacci | 0.057147 | 0.072385 | 0.081799 | 0.097037 | 0.112275 | 0.121689 | 0.136927 |
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): | 31.05 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -21.467655 | |
| AROON (14): | -21.428571 | |
| DEMA (21): | 0.099236 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.101250 | |
| Elder Ray (13): | -0.001149 | |
| Super Trend (3,10): | 0.101530 | |
| Zig ZAG (10): | 0.098090 | |
| VORTEX (21): | 0.9132 | |
| Stochastique (14,3,5): | 19.52 | |
| TEMA (21): | 0.099202 | |
| Williams %R (14): | -92.24 | |
| Chande Momentum Oscillator (20): | -0.002310 | |
| Repulse (5,40,3): | -1.9701 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0821 | |
| Courbe Coppock: | 1.91 |
| MA7: | 0.103586 | |
| MA20: | 0.097493 | |
| MA50: | 0.099515 | |
| MA100: | 0.110188 | |
| MAexp7: | 0.099430 | |
| MAexp20: | 0.100058 | |
| MAexp50: | 0.101242 | |
| MAexp100: | 0.102285 | |
| Price / MA7: | -5.21% | |
| Price / MA20: | +0.71% | |
| Price / MA50: | -1.33% | |
| Price / MA100: | -10.89% | |
| Price / MAexp7: | -1.25% | |
| Price / MAexp20: | -1.87% | |
| Price / MAexp50: | -3.01% | |
| Price / MAexp100: | -4.00% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CHROMA - CHR/USDT - 1H