HIVE - HIVE/USD

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- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	HIVEUSD
ISIN:

HIVE - HIVE/USD - Daily - Technical analysis published on 06/20/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

39%

28%

My opinion

Bearish under 0.301400 USD

My targets

0.257567 USD (-8.27%)

My analysis

HIVE - HIVE/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.301400 USD. The next support located at 0.257567 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.3

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

The HIVE - HIVE/USD rating is 0.280790 USD. The price has increased by +0.00% since the last closing with the lowest point at 0.280790 USD and the highest point at 0.280800 USD. The deviation from the price is 0% for the low point and +0.00% for the high point.

0.280790

0.280800

0.280790

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of HIVE - HIVE/USD in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 6 are bullish, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.257567	0.280790	0.301400	0.336733	0.416050
Change (%)	-8.27%	-	+7.34%	+19.92%	+48.17%
Change	-0.023223	-	+0.020610	+0.055943	+0.135260
Level	Major	-	Minor	Intermediate	Minor

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
Standard	0.242000	0.261400	0.271100	0.290500	0.300200	0.319600	0.329300
Camarilla	0.272798	0.275465	0.278133	0.280800	0.283468	0.286135	0.288803
Woodie	0.237150	0.258975	0.266250	0.288075	0.295350	0.317175	0.324450
Fibonacci	0.261400	0.272516	0.279384	0.290500	0.301616	0.308484	0.319600

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.203667	0.236833	0.255267	0.288433	0.306867	0.340033	0.358467
Camarilla	0.259510	0.264240	0.268970	0.273700	0.278430	0.283160	0.287890
Woodie	0.196300	0.233150	0.247900	0.284750	0.299500	0.336350	0.351100
Fibonacci	0.236833	0.256545	0.268722	0.288433	0.308145	0.320322	0.340033

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.193400	0.259200	0.302100	0.367900	0.410800	0.476600	0.519500
Camarilla	0.315108	0.325072	0.335036	0.345000	0.354964	0.364928	0.374893
Woodie	0.181950	0.253475	0.290650	0.362175	0.399350	0.470875	0.508050
Fibonacci	0.259200	0.300723	0.326377	0.367900	0.409423	0.435077	0.476600

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):	41.76
MACD (12,26,9):	-0.0186
Directional Movement:	5.958109
AROON (14):	-64.285715
DEMA (21):	0.279102
Parabolic SAR (0,02-0,02-0,2):	0.309900
Elder Ray (13):	-0.013709
Super Trend (3,10):	0.329097
Zig ZAG (10):	0.280790
VORTEX (21):	0.8546
Stochastique (14,3,5):	24.58
TEMA (21):	0.275460
Williams %R (14):	-84.63
Chande Momentum Oscillator (20):	-0.048610
Repulse (5,40,3):	-7.0250
ROCnROLL:	2
TRIX (15,9):	-0.8169
Courbe Coppock:	28.13

MA7:	0.285570
MA20:	0.307120
MA50:	0.344325
MA100:	0.374308
MAexp7:	0.287127
MAexp20:	0.304088
MAexp50:	0.334915
MAexp100:	0.358890
Price / MA7:	-1.67%
Price / MA20:	-8.57%
Price / MA50:	-18.45%
Price / MA100:	-24.98%
Price / MAexp7:	-2.21%
Price / MAexp20:	-7.66%
Price / MAexp50:	-16.16%
Price / MAexp100:	-21.76%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia AI

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