HEDERA HASHGRAPH - HBAR/USD - 1H - Technical analysis published on 04/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 0.061393 USD
My targets
0.058790 USD (-1.64%)
0.057681 USD (-3.50%)
My analysis
In a bearish trend, the price of HEDERA HASHGRAPH - HBAR/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.061393 USD. A bearish break in the support located at 0.058790 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.057681 USD. Then 0.050800 USD by extension. It would be safer to wait for a bearish break in the support located at 0.058790 USD before allowing yourself to re trade short positions (for sale) on HEDERA HASHGRAPH - HBAR/USD. PS: if there is a bullish break in the resistance located at 0.061393 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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
0
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Additional analysis
Quotes
The HEDERA HASHGRAPH - HBAR/USD price is 0.059770 USD. The price registered a decrease of -0.13% on the session and was traded between 0.058600 USD and 0.060050 USD over the period. The price is currently at +2.00% from its lowest and -0.47% from its highest.0.058600
0.060050
0.059770
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of HEDERA HASHGRAPH - HBAR/USD in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.050800 | 0.057681 | 0.058790 | 0.059770 | 0.061393 | 0.064099 | 0.065670 |
| Change (%) | -15.01% | -3.50% | -1.64% | - | +2.72% | +7.24% | +9.87% |
| Change | -0.008970 | -0.002089 | -0.000980 | - | +0.001623 | +0.004329 | +0.005900 |
| Level | Minor | Major | Intermediate | - | Intermediate | 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 | 0.056160 | 0.057350 | 0.058600 | 0.059790 | 0.061040 | 0.062230 | 0.063480 |
| Camarilla | 0.059179 | 0.059403 | 0.059626 | 0.059850 | 0.060074 | 0.060297 | 0.060521 |
| Woodie | 0.056190 | 0.057365 | 0.058630 | 0.059805 | 0.061070 | 0.062245 | 0.063510 |
| Fibonacci | 0.057350 | 0.058282 | 0.058858 | 0.059790 | 0.060722 | 0.061298 | 0.062230 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.045763 | 0.052277 | 0.056713 | 0.063227 | 0.067663 | 0.074177 | 0.078613 |
| Camarilla | 0.058139 | 0.059143 | 0.060146 | 0.061150 | 0.062154 | 0.063158 | 0.064161 |
| Woodie | 0.044725 | 0.051758 | 0.055675 | 0.062708 | 0.066625 | 0.073658 | 0.077575 |
| Fibonacci | 0.052277 | 0.056460 | 0.059044 | 0.063227 | 0.067410 | 0.069994 | 0.074177 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.037027 | 0.045583 | 0.059287 | 0.067843 | 0.081547 | 0.090103 | 0.103807 |
| Camarilla | 0.066869 | 0.068909 | 0.070950 | 0.072990 | 0.075031 | 0.077071 | 0.079112 |
| Woodie | 0.039600 | 0.046870 | 0.061860 | 0.069130 | 0.084120 | 0.091390 | 0.106380 |
| Fibonacci | 0.045583 | 0.054087 | 0.059340 | 0.067843 | 0.076347 | 0.081600 | 0.090103 |
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): | 54.29 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 1.634595 | |
| AROON (14): | 7.142857 | |
| DEMA (21): | 0.059060 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.058600 | |
| Elder Ray (13): | 0.000395 | |
| Super Trend (3,10): | 0.060067 | |
| Zig ZAG (10): | 0.059660 | |
| VORTEX (21): | 0.9460 | |
| Stochastique (14,3,5): | 78.82 | |
| TEMA (21): | 0.059173 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.000640 | |
| Repulse (5,40,3): | 1.4075 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0517 | |
| Courbe Coppock: | 0.06 |
| MA7: | 0.060709 | |
| MA20: | 0.064288 | |
| MA50: | 0.063877 | |
| MA100: | 0.066729 | |
| MAexp7: | 0.059300 | |
| MAexp20: | 0.059260 | |
| MAexp50: | 0.059630 | |
| MAexp100: | 0.060385 | |
| Price / MA7: | -1.55% | |
| Price / MA20: | -7.03% | |
| Price / MA50: | -6.43% | |
| Price / MA100: | -10.43% | |
| Price / MAexp7: | +0.79% | |
| Price / MAexp20: | +0.86% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | -1.02% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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