SXP - SXP/USDT
SXP - SXP/USDT
- USDT (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: SXPUSDT
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SXP - SXP/USDT - 1H - Technical analysis published on 08/18/2020 (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 bullish
De fond: Neutral
Technical indicators
61%
6%
33%
My opinion
Bullish above 3.43 USDT
My targets
3.94 USDT (+4.79%)
4.25 USDT (+13.03%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for SWIPE - SXP/USDT as long as the price remains well above 3.43 USDT. The buyers” bullish objective is set at 3.94 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.25 USDT. If there is any crossing, the next objective would be the resistance located at 4.90 USDT.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.9

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 Addareea. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

SWIPE - SXP/USDT rating 3.76 USDT. The price has increased by +21.29% since the last closing and was traded between 3.03 USDT and 3.76 USDT over the period. The price is currently at +24.09% from its lowest and 0% from its highest.

3.03
3.76
3.76

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by SWIPE - SXP/USDT:
The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

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 neutral trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

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



The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour


Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



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:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.76 3.01 3.26 3.76 3.94 4.25 4.90
Change (%) -26.60% -19.95% -13.30% - +4.79% +13.03% +30.32%
Change -1.00 -0.75 -0.50 - +0.18 +0.49 +1.14
Level Minor Major Major - Minor Minor 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
Standard2.432.722.913.203.403.693.88
Camarilla2.973.013.063.103.153.193.24
Woodie2.382.692.863.183.353.663.83
Fibonacci2.722.913.023.203.393.503.69


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.880.591.963.434.806.277.64
Camarilla2.552.813.073.333.593.854.11
Woodie-0.930.561.913.404.756.257.60
Fibonacci0.591.672.343.434.515.186.27


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-1.01-0.250.751.512.523.284.28
Camarilla1.271.441.601.761.922.082.24
Woodie-0.89-0.190.881.572.643.344.40
Fibonacci-0.250.420.841.512.192.603.28

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): 53.77
MACD (12,26,9): 0.0100
Directional Movement: -0.28
AROON (14): 28.57
DEMA (21): 3.24
Parabolic SAR (0,02-0,02-0,2): 3.12
Elder Ray (13): 0.07
Super Trend (3,10): 3.06
Zig ZAG (10): 3.31
VORTEX (21): 1.1000
Stochastique (14,3,5): 64.20
TEMA (21): 3.29
Williams %R (14): -36.45
Chande Momentum Oscillator (20): 0.07
Repulse (5,40,3): -1.7100
ROCnROLL: -1
TRIX (15,9): -0.1100
Courbe Coppock: 6.80
MA7: 3.56
MA20: 2.55
MA50: 1.64
MA100: 1.06
MAexp7: 3.27
MAexp20: 3.25
MAexp50: 3.31
MAexp100: 3.38
Price / MA7: +5.62%
Price / MA20: +47.45%
Price / MA50: +129.27%
Price / MA100: +254.72%
Price / MAexp7: +14.98%
Price / MAexp20: +15.69%
Price / MAexp50: +13.60%
Price / MAexp100: +11.24%

Quotes : 2020-08-18 14:48:24 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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