HIVE - HIVE/USD

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Type:	Cryptocurrencies
Ticker:	HIVEUSD
ISIN:

HIVE - HIVE/USD - Daily - Technical analysis published on 12/07/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

56%

39%

My opinion

Bearish under 0.376100 USD

My targets

0.320000 USD (-11.60%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on HIVE - HIVE/USD. As long as you are under the resistance located at 0.376100 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.320000 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. If the resistance 0.376100 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

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

0.9

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

HIVE - HIVE/USD rating 0.362000 USD. The price registered an increase of +4.47% on the session and was traded between 0.346500 USD and 0.362000 USD over the period. The price is currently at +4.47% from its lowest and 0% from its highest.

0.346500

0.362000

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this HIVE - HIVE/USD chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.320000	0.362000	0.368200	0.500967	0.633300
Change (%)	-11.60%	-	+1.71%	+38.39%	+74.94%
Change	-0.042000	-	+0.006200	+0.138967	+0.271300
Level	Major	-	Minor	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.312900	0.323700	0.335100	0.345900	0.357300	0.368100	0.379500
Camarilla	0.340395	0.342430	0.344465	0.346500	0.348535	0.350570	0.352605
Woodie	0.313200	0.323850	0.335400	0.346050	0.357600	0.368250	0.379800
Fibonacci	0.323700	0.332180	0.337420	0.345900	0.354380	0.359620	0.368100

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.178700	0.219400	0.293700	0.334400	0.408700	0.449400	0.523700
Camarilla	0.336375	0.346917	0.357458	0.368000	0.378542	0.389083	0.399625
Woodie	0.195500	0.227800	0.310500	0.342800	0.425500	0.457800	0.540500
Fibonacci	0.219400	0.263330	0.290470	0.334400	0.378330	0.405470	0.449400

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.012300	0.136200	0.252200	0.376100	0.492100	0.616000	0.732000
Camarilla	0.302228	0.324218	0.346209	0.368200	0.390191	0.412182	0.434173
Woodie	0.008350	0.134225	0.248250	0.374125	0.488150	0.614025	0.728050
Fibonacci	0.136200	0.227842	0.284458	0.376100	0.467742	0.524358	0.616000

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):	50.98
MACD (12,26,9):	-0.0033
Directional Movement:	-4.139633
AROON (14):	50.000000
DEMA (21):	0.334641
Parabolic SAR (0,02-0,02-0,2):	0.279409
Elder Ray (13):	0.004743
Super Trend (3,10):	0.368862
Zig ZAG (10):	0.355000
VORTEX (21):	1.0916
Stochastique (14,3,5):	82.33
TEMA (21):	0.357517
Williams %R (14):	-12.46
Chande Momentum Oscillator (20):	0.074900
Repulse (5,40,3):	6.2813
ROCnROLL:	-1
TRIX (15,9):	-0.5436
Courbe Coppock:	41.56

MA7:	0.358943
MA20:	0.326435
MA50:	0.383951
MA100:	0.450316
MAexp7:	0.354260
MAexp20:	0.345615
MAexp50:	0.379144
MAexp100:	0.432022
Price / MA7:	+0.85%
Price / MA20:	+10.89%
Price / MA50:	-5.72%
Price / MA100:	-19.61%
Price / MAexp7:	+2.18%
Price / MAexp20:	+4.74%
Price / MAexp50:	-4.52%
Price / MAexp100:	-16.21%

Quotes : - Real time data - Cryptocompare

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

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Londinia AI

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