SXP - SXP/USDT - 1H - Technical analysis published on 03/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.494800 USDT
My targets
1.423400 USDT (+151.84%)
2.769000 USDT (+389.92%)
My analysis
The bullish trend is currently very strong on SWIPE - SXP/USDT. As long as the price remains above the support at 0.494800 USDT, you could try to benefit from the boom. The first bullish objective is located at 1.423400 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.769000 USDT as an objective. Crossing it would then enable buyers to target 4.000000 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
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 MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SWIPE - SXP/USDT rating is 0.565200 USDT. The price has increased by +15.87% since the last closing and was traded between 0.477700 USDT and 0.582600 USDT over the period. The price is currently at +18.32% from its lowest and -2.99% from its highest.0.477700
0.582600
0.565200
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SWIPE - SXP/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.361167 | 0.391200 | 0.494800 | 0.565200 | 1.423400 | 2.769000 | 4.000000 |
| Change (%) | -36.10% | -30.79% | -12.46% | - | +151.84% | +389.92% | +607.71% |
| Change | -0.204033 | -0.174000 | -0.070400 | - | +0.858200 | +2.203800 | +3.434800 |
| Level | Major | Minor | Minor | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.140800 | 0.213000 | 0.350400 | 0.422600 | 0.560000 | 0.632200 | 0.769600 |
| Camarilla | 0.430160 | 0.449373 | 0.468587 | 0.487800 | 0.507013 | 0.526227 | 0.545440 |
| Woodie | 0.173400 | 0.229300 | 0.383000 | 0.438900 | 0.592600 | 0.648500 | 0.802200 |
| Fibonacci | 0.213000 | 0.293067 | 0.342533 | 0.422600 | 0.502667 | 0.552133 | 0.632200 |
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 | 0.186067 | 0.231333 | 0.281567 | 0.326833 | 0.377067 | 0.422333 | 0.472567 |
| Camarilla | 0.305538 | 0.314292 | 0.323046 | 0.331800 | 0.340554 | 0.349308 | 0.358063 |
| Woodie | 0.188550 | 0.232575 | 0.284050 | 0.328075 | 0.379550 | 0.423575 | 0.475050 |
| Fibonacci | 0.231333 | 0.267814 | 0.290352 | 0.326833 | 0.363314 | 0.385852 | 0.422333 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 85.75 | |
| MACD (12,26,9): | 0.0449 | |
| Directional Movement: | 52.071973 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 0.486672 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.437300 | |
| Elder Ray (13): | 0.042140 | |
| Super Trend (3,10): | 0.426227 | |
| Zig ZAG (10): | 0.513100 | |
| VORTEX (21): | 1.3221 | |
| Stochastique (14,3,5): | 95.76 | |
| TEMA (21): | 0.505090 | |
| Williams %R (14): | -2.68 | |
| Chande Momentum Oscillator (20): | 0.071400 | |
| Repulse (5,40,3): | 10.5919 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.7619 | |
| Courbe Coppock: | 64.53 |
| MA7: | 0.334800 | |
| MA20: | 0.294015 | |
| MA50: | 0.303330 | |
| MA100: | 0.272058 | |
| MAexp7: | 0.476732 | |
| MAexp20: | 0.426674 | |
| MAexp50: | 0.364953 | |
| MAexp100: | 0.326128 | |
| Price / MA7: | +68.82% | |
| Price / MA20: | +92.24% | |
| Price / MA50: | +86.33% | |
| Price / MA100: | +107.75% | |
| Price / MAexp7: | +18.56% | |
| Price / MAexp20: | +32.47% | |
| Price / MAexp50: | +54.87% | |
| Price / MAexp100: | +73.31% |
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.
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