HIVE - HIVE/USD - Daily - Technical analysis published on 02/12/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 0.384933 USD
My targets
0.500967 USD (+13.62%)
0.581933 USD (+31.99%)
My analysis
HIVE - HIVE/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.384933 USD. The next resistance located at 0.500967 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.581933 USD. After this resistance, buyers could then target 0.781750 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The HIVE - HIVE/USD rating is 0.440900 USD. The price has increased by +3.86% since the last closing and was between 0.424500 USD and 0.440900 USD. This implies that the price is at +3.86% from its lowest and at 0% from its highest.0.424500
0.440900
0.440900
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of HIVE - HIVE/USD in Daily shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 5 are bullish, 7 are neutral and 6 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.320000 | 0.384933 | 0.440000 | 0.440900 | 0.500967 | 0.581933 | 0.781750 |
| Change (%) | -27.42% | -12.69% | -0.20% | - | +13.62% | +31.99% | +77.31% |
| Change | -0.120900 | -0.055967 | -0.000900 | - | +0.060067 | +0.141033 | +0.340850 |
| Level | Major | Minor | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.411433 | 0.417967 | 0.421233 | 0.427767 | 0.431033 | 0.437567 | 0.440833 |
| Camarilla | 0.421805 | 0.422703 | 0.423602 | 0.424500 | 0.425398 | 0.426297 | 0.427195 |
| Woodie | 0.409800 | 0.417150 | 0.419600 | 0.426950 | 0.429400 | 0.436750 | 0.439200 |
| Fibonacci | 0.417967 | 0.421710 | 0.424023 | 0.427767 | 0.431510 | 0.433823 | 0.437567 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.280700 | 0.347300 | 0.385900 | 0.452500 | 0.491100 | 0.557700 | 0.596300 |
| Camarilla | 0.395570 | 0.405213 | 0.414857 | 0.424500 | 0.434143 | 0.443787 | 0.453430 |
| Woodie | 0.266700 | 0.340300 | 0.371900 | 0.445500 | 0.477100 | 0.550700 | 0.582300 |
| Fibonacci | 0.347300 | 0.387486 | 0.412314 | 0.452500 | 0.492686 | 0.517514 | 0.557700 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.084133 | 0.166667 | 0.275833 | 0.358367 | 0.467533 | 0.550067 | 0.659233 |
| Camarilla | 0.332283 | 0.349855 | 0.367428 | 0.385000 | 0.402573 | 0.420145 | 0.437718 |
| Woodie | 0.097450 | 0.173325 | 0.289150 | 0.365025 | 0.480850 | 0.556725 | 0.672550 |
| Fibonacci | 0.166667 | 0.239896 | 0.285137 | 0.358367 | 0.431596 | 0.476837 | 0.550067 |
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): | 53.90 | |
| MACD (12,26,9): | 0.0244 | |
| Directional Movement: | 26.535609 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.451661 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.614702 | |
| Elder Ray (13): | 0.000048 | |
| Super Trend (3,10): | 0.402765 | |
| Zig ZAG (10): | 0.424500 | |
| VORTEX (21): | 1.0775 | |
| Stochastique (14,3,5): | 21.45 | |
| TEMA (21): | 0.450582 | |
| Williams %R (14): | -79.89 | |
| Chande Momentum Oscillator (20): | 0.039500 | |
| Repulse (5,40,3): | -3.2963 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.1172 | |
| Courbe Coppock: | 21.80 |
| MA7: | 0.435371 | |
| MA20: | 0.419095 | |
| MA50: | 0.349060 | |
| MA100: | 0.342698 | |
| MAexp7: | 0.432491 | |
| MAexp20: | 0.417016 | |
| MAexp50: | 0.379654 | |
| MAexp100: | 0.376316 | |
| Price / MA7: | +1.27% | |
| Price / MA20: | +5.20% | |
| Price / MA50: | +26.31% | |
| Price / MA100: | +28.66% | |
| Price / MAexp7: | +1.94% | |
| Price / MAexp20: | +5.73% | |
| Price / MAexp50: | +16.13% | |
| Price / MAexp100: | +17.16% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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