SXP - SXP/USDT - 1H - Technical analysis published on 03/28/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 0.301400 USDT
My targets
0.283033 USDT (-1.66%)
0.271124 USDT (-5.79%)
My analysis
In a bearish trend, the price of SWIPE - SXP/USDT 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 0.301400 USDT. A bearish break in the support located at 0.283033 USDT would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.271124 USDT. Then 0.259000 USDT by extension. It would be safer to wait for a bearish break in the support located at 0.283033 USDT before allowing yourself to re trade short positions (for sale) on SWIPE - SXP/USDT. PS: if there is a bullish break in the resistance located at 0.301400 USDT 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.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0
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This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SWIPE - SXP/USDT rating is 0.287800 USDT. The price has increased by +12.33% since the last closing with the lowest point at 0.252000 USDT and the highest point at 0.287800 USDT. The deviation from the price is +14.21% for the low point and 0% for the high point.0.252000
0.287800
0.287800
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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SWIPE - SXP/USDT:
Technical
A technical analysis in 1H of this SWIPE - SXP/USDT chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
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:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
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 | 0.259000 | 0.271124 | 0.283033 | 0.287800 | 0.301400 | 0.322614 | 0.361167 |
| Change (%) | -10.01% | -5.79% | -1.66% | - | +4.73% | +12.10% | +25.49% |
| Change | -0.028800 | -0.016676 | -0.004767 | - | +0.013600 | +0.034814 | +0.073367 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Major |
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 | 0.226400 | 0.237800 | 0.247000 | 0.258400 | 0.267600 | 0.279000 | 0.288200 |
| Camarilla | 0.250535 | 0.252423 | 0.254312 | 0.256200 | 0.258088 | 0.259977 | 0.261865 |
| Woodie | 0.225300 | 0.237250 | 0.245900 | 0.257850 | 0.266500 | 0.278450 | 0.287100 |
| Fibonacci | 0.237800 | 0.245669 | 0.250531 | 0.258400 | 0.266269 | 0.271131 | 0.279000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.204233 | 0.231067 | 0.247733 | 0.274567 | 0.291233 | 0.318067 | 0.334733 |
| Camarilla | 0.252438 | 0.256425 | 0.260413 | 0.264400 | 0.268388 | 0.272375 | 0.276363 |
| Woodie | 0.199150 | 0.228525 | 0.242650 | 0.272025 | 0.286150 | 0.315525 | 0.329650 |
| Fibonacci | 0.231067 | 0.247684 | 0.257950 | 0.274567 | 0.291184 | 0.301450 | 0.318067 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.173900 | 0.221600 | 0.276700 | 0.324400 | 0.379500 | 0.427200 | 0.482300 |
| Camarilla | 0.303530 | 0.312953 | 0.322377 | 0.331800 | 0.341223 | 0.350647 | 0.360070 |
| Woodie | 0.177600 | 0.223450 | 0.280400 | 0.326250 | 0.383200 | 0.429050 | 0.486000 |
| Fibonacci | 0.221600 | 0.260870 | 0.285130 | 0.324400 | 0.363670 | 0.387930 | 0.427200 |
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): | 43.25 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | -6.031020 | |
| AROON (14): | -14.285714 | |
| DEMA (21): | 0.257616 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.251030 | |
| Elder Ray (13): | 0.008922 | |
| Super Trend (3,10): | 0.252130 | |
| Zig ZAG (10): | 0.273800 | |
| VORTEX (21): | 0.9355 | |
| Stochastique (14,3,5): | 52.92 | |
| TEMA (21): | 0.258074 | |
| Williams %R (14): | -13.73 | |
| Chande Momentum Oscillator (20): | 0.025200 | |
| Repulse (5,40,3): | 11.6832 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1433 | |
| Courbe Coppock: | 1.39 |
| MA7: | 0.269100 | |
| MA20: | 0.267420 | |
| MA50: | 0.294806 | |
| MA100: | 0.266830 | |
| MAexp7: | 0.261880 | |
| MAexp20: | 0.257119 | |
| MAexp50: | 0.261060 | |
| MAexp100: | 0.265169 | |
| Price / MA7: | +6.95% | |
| Price / MA20: | +7.62% | |
| Price / MA50: | -2.38% | |
| Price / MA100: | +7.86% | |
| Price / MAexp7: | +9.90% | |
| Price / MAexp20: | +11.93% | |
| Price / MAexp50: | +10.24% | |
| Price / MAexp100: | +8.53% |
Quotes :
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Real time data
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Cryptocompare
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