SXP - SXP/USDT - 1H - Technical analysis published on 08/18/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 3.26 USDT
My targets
3.01 USDT (-0.99%)
2.76 USDT (-9.21%)
My analysis
SWIPE - SXP/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 3.26 USDT. The next support located at 3.01 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 2.76 USDT. Below this support, sellers could then target 2.39 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.
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
7.1
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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 3.04 USDT. The price is lower by -1.94% since the last closing with the lowest point at 3.03 USDT and the highest point at 3.25 USDT. The deviation from the price is +0.33% for the low point and -6.46% for the high point.3.03
3.25
3.04
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SWIPE - SXP/USDT:
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. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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 slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
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 several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 2.39 | 2.76 | 3.01 | 3.04 | 3.26 | 3.94 | 4.25 |
| Change (%) | -21.38% | -9.21% | -0.99% | - | +7.24% | +29.61% | +39.80% |
| Change | -0.65 | -0.28 | -0.03 | - | +0.22 | +0.90 | +1.21 |
| Level | Minor | Minor | Major | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.43 | 2.72 | 2.91 | 3.20 | 3.40 | 3.69 | 3.88 |
| Camarilla | 2.97 | 3.01 | 3.06 | 3.10 | 3.15 | 3.19 | 3.24 |
| Woodie | 2.38 | 2.69 | 2.86 | 3.18 | 3.35 | 3.66 | 3.83 |
| Fibonacci | 2.72 | 2.91 | 3.02 | 3.20 | 3.39 | 3.50 | 3.69 |
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): | 37.81 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -17.44 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 3.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.06 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 3.35 | |
| Zig ZAG (10): | 3.09 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 23.23 | |
| TEMA (21): | 3.10 | |
| Williams %R (14): | -84.40 | |
| Chande Momentum Oscillator (20): | -0.09 | |
| Repulse (5,40,3): | -1.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2900 | |
| Courbe Coppock: | 4.91 |
| MA7: | 3.54 | |
| MA20: | 2.54 | |
| MA50: | 1.63 | |
| MA100: | 1.05 | |
| MAexp7: | 3.13 | |
| MAexp20: | 3.19 | |
| MAexp50: | 3.32 | |
| MAexp100: | 3.40 | |
| Price / MA7: | -14.12% | |
| Price / MA20: | +19.69% | |
| Price / MA50: | +86.50% | |
| Price / MA100: | +189.52% | |
| Price / MAexp7: | -2.88% | |
| Price / MAexp20: | -4.70% | |
| Price / MAexp50: | -8.43% | |
| Price / MAexp100: | -10.59% |
Quotes :
2020-08-18 06:37:48
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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.
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