KAVA - KAVA/USD - 1H - Technical analysis published on 05/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.947143 USD
My targets
1.026667 USD (+4.76%)
1.070000 USD (+9.18%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on KAVA - KAVA/USD as long as the price remains well above 0.947143 USD. The buyers' bullish objective is set at 1.026667 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.070000 USD. If there is any crossing, the next objective would be the resistance located at 1.370000 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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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 KAVA - KAVA/USD price is 0.980000 USD. The price has increased by +6.52% since the last closing and was traded between 0.920000 USD and 1.000000 USD over the period. The price is currently at +6.52% from its lowest and -2.00% from its highest.0.920000
1.000000
0.980000
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this KAVA - KAVA/USD chart shows a strongly bullish trend. 92.86% 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 is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.821250 | 0.900000 | 0.947143 | 0.980000 | 1.070000 | 1.370000 | 1.465000 |
| Change (%) | -16.20% | -8.16% | -3.35% | - | +9.18% | +39.80% | +49.49% |
| Change | -0.158750 | -0.080000 | -0.032857 | - | +0.090000 | +0.390000 | +0.485000 |
| Level | Major | Minor | Major | - | Major | Minor | 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 | 0.850000 | 0.880000 | 0.900000 | 0.930000 | 0.950000 | 0.980000 | 1.000000 |
| Camarilla | 0.906250 | 0.910833 | 0.915417 | 0.920000 | 0.924583 | 0.929167 | 0.933750 |
| Woodie | 0.845000 | 0.877500 | 0.895000 | 0.927500 | 0.945000 | 0.977500 | 0.995000 |
| Fibonacci | 0.880000 | 0.899100 | 0.910900 | 0.930000 | 0.949100 | 0.960900 | 0.980000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.466667 | 0.573333 | 0.746667 | 0.853333 | 1.026667 | 1.133333 | 1.306667 |
| Camarilla | 0.843000 | 0.868667 | 0.894333 | 0.920000 | 0.945667 | 0.971333 | 0.997000 |
| Woodie | 0.500000 | 0.590000 | 0.780000 | 0.870000 | 1.060000 | 1.150000 | 1.340000 |
| Fibonacci | 0.573333 | 0.680293 | 0.746373 | 0.853333 | 0.960293 | 1.026373 | 1.133333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.476667 | 0.613333 | 0.696667 | 0.833333 | 0.916667 | 1.053333 | 1.136667 |
| Camarilla | 0.719500 | 0.739667 | 0.759833 | 0.780000 | 0.800167 | 0.820333 | 0.840500 |
| Woodie | 0.450000 | 0.600000 | 0.670000 | 0.820000 | 0.890000 | 1.040000 | 1.110000 |
| Fibonacci | 0.613333 | 0.697373 | 0.749293 | 0.833333 | 0.917373 | 0.969293 | 1.053333 |
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): | 69.58 | |
| MACD (12,26,9): | 0.0098 | |
| Directional Movement: | 28.753610 | |
| AROON (14): | 71.428572 | |
| DEMA (21): | 0.955851 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.929942 | |
| Elder Ray (13): | 0.020861 | |
| Super Trend (3,10): | 0.941695 | |
| Zig ZAG (10): | 0.970000 | |
| VORTEX (21): | 1.1364 | |
| Stochastique (14,3,5): | 100.00 | |
| TEMA (21): | 0.958202 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.040000 | |
| Repulse (5,40,3): | 2.0894 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0937 | |
| Courbe Coppock: | 3.72 |
| MA7: | 0.872857 | |
| MA20: | 0.811500 | |
| MA50: | 0.847000 | |
| MA100: | 0.882900 | |
| MAexp7: | 0.959402 | |
| MAexp20: | 0.941207 | |
| MAexp50: | 0.924183 | |
| MAexp100: | 0.895270 | |
| Price / MA7: | +12.27% | |
| Price / MA20: | +20.76% | |
| Price / MA50: | +15.70% | |
| Price / MA100: | +11.00% | |
| Price / MAexp7: | +2.15% | |
| Price / MAexp20: | +4.12% | |
| Price / MAexp50: | +6.04% | |
| Price / MAexp100: | +9.46% |
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.
About author
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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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