BIT DIGITAL INC. ORD. - Daily - Technical analysis published on 12/27/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 7.11 USD
My targets
6.04 USD (-12.97%)
5.28 USD (-23.92%)
My analysis
BIT DIGITAL INC. ORD. 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 7.11 USD. The next support located at 6.04 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5.28 USD. Below this support, sellers could then target 4.23 USD. 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BIT DIGITAL INC. ORD. rating 6.94 USD. On the day, this instrument lost -4.01% with the lowest point at 6.72 USD and the highest point at 7.52 USD. The deviation from the price is +3.27% for the low point and -7.71% for the high point.6.72
7.52
6.94
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of BIT DIGITAL INC. ORD. indicates that the overall trend is strongly bearish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 6 are bullish, 6 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 4.23 | 6.94 | 7.11 | 9.66 | 11.80 |
| Change (%) | -39.05% | - | +2.45% | +39.19% | +70.03% |
| Change | -2.71 | - | +0.17 | +2.72 | +4.86 |
| Level | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.28 | 5.75 | 6.49 | 6.96 | 7.70 | 8.17 | 8.91 |
| Camarilla | 6.90 | 7.01 | 7.12 | 7.23 | 7.34 | 7.45 | 7.56 |
| Woodie | 5.42 | 5.82 | 6.63 | 7.03 | 7.84 | 8.24 | 9.05 |
| Fibonacci | 5.75 | 6.21 | 6.50 | 6.96 | 7.42 | 7.71 | 8.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.28 | 5.75 | 6.49 | 6.96 | 7.70 | 8.17 | 8.91 |
| Camarilla | 6.90 | 7.01 | 7.12 | 7.23 | 7.34 | 7.45 | 7.56 |
| Woodie | 5.42 | 5.82 | 6.63 | 7.03 | 7.84 | 8.24 | 9.05 |
| Fibonacci | 5.75 | 6.21 | 6.50 | 6.96 | 7.42 | 7.71 | 8.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.40 | 6.04 | 7.94 | 10.58 | 12.48 | 15.12 | 17.02 |
| Camarilla | 8.59 | 9.01 | 9.42 | 9.84 | 10.26 | 10.67 | 11.09 |
| Woodie | 3.03 | 5.86 | 7.57 | 10.40 | 12.11 | 14.94 | 16.65 |
| Fibonacci | 6.04 | 7.77 | 8.85 | 10.58 | 12.31 | 13.39 | 15.12 |
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): | 40.12 | |
| MACD (12,26,9): | -0.8800 | |
| Directional Movement: | -8.31 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 6.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.26 | |
| Elder Ray (13): | -0.51 | |
| Super Trend (3,10): | 8.57 | |
| Zig ZAG (10): | 7.23 | |
| VORTEX (21): | 0.7400 | |
| Stochastique (14,3,5): | 26.26 | |
| TEMA (21): | 6.30 | |
| Williams %R (14): | -54.62 | |
| Chande Momentum Oscillator (20): | -0.74 | |
| Repulse (5,40,3): | 9.8600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.4200 | |
| Courbe Coppock: | 37.19 |
| MA7: | 6.91 | |
| MA20: | 7.83 | |
| MA50: | 9.74 | |
| MA100: | 10.56 | |
| MAexp7: | 7.10 | |
| MAexp20: | 7.80 | |
| MAexp50: | 9.00 | |
| MAexp100: | 9.67 | |
| Price / MA7: | +0.43% | |
| Price / MA20: | -11.37% | |
| Price / MA50: | -28.75% | |
| Price / MA100: | -34.28% | |
| Price / MAexp7: | -2.25% | |
| Price / MAexp20: | -11.03% | |
| Price / MAexp50: | -22.89% | |
| Price / MAexp100: | -28.23% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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