BIT DIGITAL INC. ORD. - Daily - Technical analysis published on 01/27/2022 (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
22%
56%
22%
My opinion
Bearish under 3.89 USD
My targets
3.40 USD (-4.23%)
3.17 USD (-10.62%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BIT DIGITAL INC. ORD. as long as the price remains well below 3.89 USD. The sellers' bearish objective is set at 3.40 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.17 USD. In case of crossing, the next objective would be the support located at 0.75 USD. 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BIT DIGITAL INC. ORD. rating is 3.55 USD. The price is lower by -8.97% since the last closing and was traded between 3.52 USD and 3.98 USD over the period. The price is currently at +0.85% from its lowest and -10.80% from its highest.3.52
3.98
3.55
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
Here is a more detailed summary of the historical variations registered by BIT DIGITAL INC. ORD.:
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
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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
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
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Three black crows
Type : Bearish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 3.55 | 4.23 | 7.23 | 11.82 |
| Change (%) | - | +19.15% | +103.66% | +232.96% |
| Change | - | +0.68 | +3.68 | +8.27 |
| Level | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.15 | 3.50 | 3.70 | 4.05 | 4.25 | 4.60 | 4.80 |
| Camarilla | 3.75 | 3.80 | 3.85 | 3.90 | 3.95 | 4.00 | 4.05 |
| Woodie | 3.08 | 3.46 | 3.63 | 4.01 | 4.18 | 4.56 | 4.73 |
| Fibonacci | 3.50 | 3.71 | 3.84 | 4.05 | 4.26 | 4.39 | 4.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.17 | 3.89 | 4.28 | 5.00 | 5.39 | 6.11 | 6.50 |
| Camarilla | 4.38 | 4.48 | 4.58 | 4.68 | 4.78 | 4.88 | 4.99 |
| Woodie | 3.02 | 3.81 | 4.13 | 4.92 | 5.24 | 6.03 | 6.35 |
| Fibonacci | 3.89 | 4.31 | 4.57 | 5.00 | 5.42 | 5.68 | 6.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.75 | 3.40 | 4.74 | 7.39 | 8.73 | 11.38 | 12.72 |
| Camarilla | 4.98 | 5.35 | 5.71 | 6.08 | 6.45 | 6.81 | 7.18 |
| Woodie | 0.10 | 3.07 | 4.09 | 7.06 | 8.08 | 11.05 | 12.07 |
| Fibonacci | 3.40 | 4.92 | 5.87 | 7.39 | 8.91 | 9.86 | 11.38 |
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): | 22.46 | |
| MACD (12,26,9): | -0.8300 | |
| Directional Movement: | -26.20 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 4.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.73 | |
| Elder Ray (13): | -1.00 | |
| Super Trend (3,10): | 5.42 | |
| Zig ZAG (10): | 3.78 | |
| VORTEX (21): | 0.7400 | |
| Stochastique (14,3,5): | 8.33 | |
| TEMA (21): | 4.12 | |
| Williams %R (14): | -97.58 | |
| Chande Momentum Oscillator (20): | -1.52 | |
| Repulse (5,40,3): | -12.4700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.6100 | |
| Courbe Coppock: | 46.93 |
| MA7: | 4.49 | |
| MA20: | 5.33 | |
| MA50: | 7.06 | |
| MA100: | 8.81 | |
| MAexp7: | 4.44 | |
| MAexp20: | 5.30 | |
| MAexp50: | 6.78 | |
| MAexp100: | 8.20 | |
| Price / MA7: | -20.94% | |
| Price / MA20: | -33.40% | |
| Price / MA50: | -49.72% | |
| Price / MA100: | -59.70% | |
| Price / MAexp7: | -20.05% | |
| Price / MAexp20: | -33.02% | |
| Price / MAexp50: | -47.64% | |
| Price / MAexp100: | -56.71% |
Quotes :
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15 min delayed 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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