HEDERA - HBAR/USD - Weekly - Technical analysis published on 02/05/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.336800 USD
My targets
0.225700 USD (-13.49%)
0.158200 USD (-39.36%)
My analysis
The strong short-term decline in HEDERA HASHGRAPH - HBAR/USD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 0.336800 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 0.225700 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.158200 USD as an objective. Crossing it would then enable sellers to target 0.068790 USD. Be careful, a return to above 0.336800 USD could jeopardize the reversal.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.3
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This analysis was given by baltbach. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The HEDERA HASHGRAPH - HBAR/USD price is 0.260900 USD. The price registered an increase of +19.02% over 5 days with the lowest point at 0.213200 USD and the highest point at 0.247100 USD. The deviation from the price is +22.37% for the low point and +5.58% for the high point.0.213200
0.247100
0.260900
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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
A technical analysis in Weekly of this HEDERA HASHGRAPH - HBAR/USD chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
White morning star
Type : Bullish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.068790 | 0.158200 | 0.225700 | 0.260900 | 0.336800 | 0.452100 | 0.504800 |
Change (%) | -73.63% | -39.36% | -13.49% | - | +29.09% | +73.28% | +93.48% |
Change | -0.192110 | -0.102700 | -0.035200 | - | +0.075900 | +0.191200 | +0.243900 |
Level | Minor | Major | Major | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.225767 | 0.230533 | 0.239767 | 0.244533 | 0.253767 | 0.258533 | 0.267767 |
Camarilla | 0.245150 | 0.246433 | 0.247717 | 0.249000 | 0.250283 | 0.251567 | 0.252850 |
Woodie | 0.228000 | 0.231650 | 0.242000 | 0.245650 | 0.256000 | 0.259650 | 0.270000 |
Fibonacci | 0.230533 | 0.235881 | 0.239185 | 0.244533 | 0.249881 | 0.253185 | 0.258533 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.146833 | 0.166467 | 0.194133 | 0.213767 | 0.241433 | 0.261067 | 0.288733 |
Camarilla | 0.208793 | 0.213128 | 0.217464 | 0.221800 | 0.226136 | 0.230472 | 0.234808 |
Woodie | 0.150850 | 0.168475 | 0.198150 | 0.215775 | 0.245450 | 0.263075 | 0.292750 |
Fibonacci | 0.166467 | 0.184535 | 0.195698 | 0.213767 | 0.231835 | 0.242998 | 0.261067 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.005767 | 0.095933 | 0.159067 | 0.249233 | 0.312367 | 0.402533 | 0.465667 |
Camarilla | 0.180043 | 0.194095 | 0.208148 | 0.222200 | 0.236253 | 0.250305 | 0.264358 |
Woodie | -0.007750 | 0.089175 | 0.145550 | 0.242475 | 0.298850 | 0.395775 | 0.452150 |
Fibonacci | 0.095933 | 0.154494 | 0.190673 | 0.249233 | 0.307794 | 0.343973 | 0.402533 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 46.34 | |
MACD (12,26,9): | -0.0085 | |
Directional Movement: | 1.267312 | |
AROON (14): | -78.571429 | |
DEMA (21): | 0.291733 | |
Parabolic SAR (0,02-0,02-0,2): | 0.370133 | |
Elder Ray (13): | -0.049407 | |
Super Trend (3,10): | 0.209132 | |
Zig ZAG (10): | 0.258400 | |
VORTEX (21): | 0.9801 | |
Stochastique (14,3,5): | 14.75 | |
TEMA (21): | 0.256999 | |
Williams %R (14): | -75.12 | |
Chande Momentum Oscillator (20): | -0.180300 | |
Repulse (5,40,3): | 12.4568 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.4916 | |
Courbe Coppock: | 59.39 |
MA7: | 0.233771 | |
MA20: | 0.232810 | |
MA50: | 0.271062 | |
MA100: | 0.310390 | |
MAexp7: | 0.264587 | |
MAexp20: | 0.292606 | |
MAexp50: | 0.261160 | |
MAexp100: | 0.180683 | |
Price / MA7: | +11.60% | |
Price / MA20: | +12.07% | |
Price / MA50: | -3.75% | |
Price / MA100: | -15.94% | |
Price / MAexp7: | -1.39% | |
Price / MAexp20: | -10.84% | |
Price / MAexp50: | -0.10% | |
Price / MAexp100: | +44.40% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
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