MIRROR PROTOCOL - MIR/USDT - Daily - Technical analysis published on 01/25/2022 (GMT)
- 266
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : WITHOUT TARGET
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 1.24 USDT
My targets
-
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MIRROR PROTOCOL - MIR/USDT as long as the price remains well below 1.24 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8
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Additional analysis
Quotes
The MIRROR PROTOCOL - MIR/USDT price is 1.20 USDT. The price is lower by -4.76% since the last closing and was traded between 1.18 USDT and 1.26 USDT over the period. The price is currently at +1.69% from its lowest and -4.76% from its highest.1.18
1.26
1.20
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this MIRROR PROTOCOL - MIR/USDT chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
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
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 1.20 | 2.16 | 2.74 | 3.76 |
| Change (%) | - | +80.00% | +128.33% | +213.33% |
| Change | - | +0.96 | +1.54 | +2.56 |
| Level | - | Minor | Intermediate | Intermediate |
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 | 1.12 | 1.17 | 1.21 | 1.26 | 1.30 | 1.35 | 1.39 |
| Camarilla | 1.24 | 1.24 | 1.25 | 1.26 | 1.27 | 1.28 | 1.29 |
| Woodie | 1.13 | 1.17 | 1.22 | 1.26 | 1.31 | 1.35 | 1.40 |
| Fibonacci | 1.17 | 1.20 | 1.22 | 1.26 | 1.29 | 1.31 | 1.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.63 | 0.94 | 1.12 | 1.43 | 1.61 | 1.92 | 2.10 |
| Camarilla | 1.16 | 1.20 | 1.25 | 1.29 | 1.34 | 1.38 | 1.43 |
| Woodie | 0.56 | 0.91 | 1.05 | 1.40 | 1.54 | 1.89 | 2.03 |
| Fibonacci | 0.94 | 1.13 | 1.25 | 1.43 | 1.62 | 1.74 | 1.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.24 | 1.67 | 2.05 | 2.48 | 2.86 | 3.29 | 3.67 |
| Camarilla | 2.22 | 2.29 | 2.37 | 2.44 | 2.51 | 2.59 | 2.66 |
| Woodie | 1.23 | 1.66 | 2.04 | 2.47 | 2.85 | 3.28 | 3.66 |
| Fibonacci | 1.67 | 1.98 | 2.17 | 2.48 | 2.79 | 2.98 | 3.29 |
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): | 18.14 | |
| MACD (12,26,9): | -0.2600 | |
| Directional Movement: | -29.18 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 1.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.44 | |
| Elder Ray (13): | -0.27 | |
| Super Trend (3,10): | 1.54 | |
| Zig ZAG (10): | 1.21 | |
| VORTEX (21): | 0.5600 | |
| Stochastique (14,3,5): | 5.39 | |
| TEMA (21): | 1.20 | |
| Williams %R (14): | -97.27 | |
| Chande Momentum Oscillator (20): | -0.67 | |
| Repulse (5,40,3): | -12.2400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.6100 | |
| Courbe Coppock: | 54.13 |
| MA7: | 1.36 | |
| MA20: | 1.64 | |
| MA50: | 2.11 | |
| MA100: | 2.54 | |
| MAexp7: | 1.35 | |
| MAexp20: | 1.63 | |
| MAexp50: | 2.02 | |
| MAexp100: | 2.42 | |
| Price / MA7: | -11.76% | |
| Price / MA20: | -26.83% | |
| Price / MA50: | -43.13% | |
| Price / MA100: | -52.76% | |
| Price / MAexp7: | -11.11% | |
| Price / MAexp20: | -26.38% | |
| Price / MAexp50: | -40.59% | |
| Price / MAexp100: | -50.41% |
Quotes :
-
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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