SXP - SXP/USDT - 1H - Technical analysis published on 08/17/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 3.43 USDT
My targets
3.28 USDT (-0.46%)
3.09 USDT (-6.08%)
My analysis
The bearish trend is currently very strong for SWIPE - SXP/USDT. As long as the price remains below the resistance at 3.43 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 3.28 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.09 USDT as an objective. Crossing it would then enable sellers to target 2.39 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7
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This analysis was given by Addareea. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SWIPE - SXP/USDT rating 3.29 USDT. On the day, this instrument lost -3.24% and was between 3.29 USDT and 3.50 USDT. This implies that the price is at 0% from its lowest and at -6.00% from its highest.3.29
3.50
3.29
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this SWIPE - SXP/USDT chart shows a sharp 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 scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.03 | 2.39 | 3.09 | 3.29 | 3.84 | 4.10 | 4.60 |
| Change (%) | -38.30% | -27.36% | -6.08% | - | +16.72% | +24.62% | +39.82% |
| Change | -1.26 | -0.90 | -0.20 | - | +0.55 | +0.81 | +1.31 |
| Level | Major | Minor | Minor | - | Major | Minor | Minor |
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 | 2.72 | 2.97 | 3.19 | 3.45 | 3.66 | 3.92 | 4.13 |
| Camarilla | 3.28 | 3.32 | 3.36 | 3.41 | 3.45 | 3.49 | 3.54 |
| Woodie | 2.70 | 2.96 | 3.17 | 3.44 | 3.64 | 3.91 | 4.11 |
| Fibonacci | 2.97 | 3.15 | 3.27 | 3.45 | 3.63 | 3.74 | 3.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.88 | 0.59 | 1.96 | 3.43 | 4.80 | 6.27 | 7.64 |
| Camarilla | 2.55 | 2.81 | 3.07 | 3.33 | 3.59 | 3.85 | 4.11 |
| Woodie | -0.93 | 0.56 | 1.91 | 3.40 | 4.75 | 6.25 | 7.60 |
| Fibonacci | 0.59 | 1.67 | 2.34 | 3.43 | 4.51 | 5.18 | 6.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.01 | -0.25 | 0.75 | 1.51 | 2.52 | 3.28 | 4.28 |
| Camarilla | 1.27 | 1.44 | 1.60 | 1.76 | 1.92 | 2.08 | 2.24 |
| Woodie | -0.89 | -0.19 | 0.88 | 1.57 | 2.64 | 3.34 | 4.40 |
| Fibonacci | -0.25 | 0.42 | 0.84 | 1.51 | 2.19 | 2.60 | 3.28 |
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): | 38.13 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -0.67 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 3.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.68 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 3.64 | |
| Zig ZAG (10): | 3.36 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 9.79 | |
| TEMA (21): | 3.38 | |
| Williams %R (14): | -91.72 | |
| Chande Momentum Oscillator (20): | -0.05 | |
| Repulse (5,40,3): | -2.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 6.22 |
| MA7: | 3.59 | |
| MA20: | 2.47 | |
| MA50: | 1.58 | |
| MA100: | 1.03 | |
| MAexp7: | 3.38 | |
| MAexp20: | 3.40 | |
| MAexp50: | 3.49 | |
| MAexp100: | 3.50 | |
| Price / MA7: | -8.36% | |
| Price / MA20: | +33.20% | |
| Price / MA50: | +108.23% | |
| Price / MA100: | +219.42% | |
| Price / MAexp7: | -2.66% | |
| Price / MAexp20: | -3.24% | |
| Price / MAexp50: | -5.73% | |
| Price / MAexp100: | -6.00% |
Quotes :
2020-08-17 10:49:51
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Real time data
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Cryptocompare
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