FETCH.AI - FET/USD - 1H - Technical analysis published on 12/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 0.541000 USD
My targets
0.513558 USD (-3.54%)
0.489629 USD (-8.04%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.541000 USD remains possible. It is advisable to trade FETCH.AI - FET/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.541000 USD. The next bearish objective for sellers is set at 0.513558 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.489629 USD. In case of crossing, the next objective would be the support located at 0.426700 USD. PS: if there is a bullish break in the resistance located at 0.541000 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FETCH.AI - FET/USD rating 0.532411 USD. The price is lower by -0.02% since the last closing with the lowest point at 0.530758 USD and the highest point at 0.543562 USD. The deviation from the price is +0.31% for the low point and -2.05% for the high point.0.530758
0.543562
0.532411
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this FETCH.AI - FET/USD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.489629 | 0.513558 | 0.531586 | 0.532411 | 0.541000 | 0.559944 | 0.568411 |
| Change (%) | -8.04% | -3.54% | -0.15% | - | +1.61% | +5.17% | +6.76% |
| Change | -0.042782 | -0.018853 | -0.000825 | - | +0.008589 | +0.027533 | +0.036000 |
| Level | Minor | Intermediate | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.485155 | 0.500534 | 0.516514 | 0.531893 | 0.547873 | 0.563252 | 0.579232 |
| Camarilla | 0.523869 | 0.526744 | 0.529618 | 0.532493 | 0.535368 | 0.538242 | 0.541117 |
| Woodie | 0.485455 | 0.500684 | 0.516814 | 0.532043 | 0.548173 | 0.563402 | 0.579532 |
| Fibonacci | 0.500534 | 0.512514 | 0.519914 | 0.531893 | 0.543873 | 0.551273 | 0.563252 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.415784 | 0.452707 | 0.505691 | 0.542614 | 0.595598 | 0.632521 | 0.685505 |
| Camarilla | 0.533952 | 0.542193 | 0.550435 | 0.558676 | 0.566918 | 0.575159 | 0.583400 |
| Woodie | 0.423816 | 0.456722 | 0.513723 | 0.546629 | 0.603630 | 0.636536 | 0.693537 |
| Fibonacci | 0.452707 | 0.487051 | 0.508269 | 0.542614 | 0.576958 | 0.598176 | 0.632521 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.130259 | 0.230196 | 0.379319 | 0.479256 | 0.628379 | 0.728316 | 0.877439 |
| Camarilla | 0.459951 | 0.482781 | 0.505612 | 0.528442 | 0.551273 | 0.574103 | 0.596934 |
| Woodie | 0.154852 | 0.242493 | 0.403912 | 0.491553 | 0.652972 | 0.740613 | 0.902032 |
| Fibonacci | 0.230196 | 0.325337 | 0.384115 | 0.479256 | 0.574397 | 0.633175 | 0.728316 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.57 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 10.654254 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.531000 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.523352 | |
| Elder Ray (13): | 0.006508 | |
| Super Trend (3,10): | 0.547488 | |
| Zig ZAG (10): | 0.535036 | |
| VORTEX (21): | 1.0314 | |
| Stochastique (14,3,5): | 69.67 | |
| TEMA (21): | 0.534569 | |
| Williams %R (14): | -40.58 | |
| Chande Momentum Oscillator (20): | 0.015853 | |
| Repulse (5,40,3): | -0.8714 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0397 | |
| Courbe Coppock: | 4.08 |
| MA7: | 0.543752 | |
| MA20: | 0.519208 | |
| MA50: | 0.412503 | |
| MA100: | 0.318933 | |
| MAexp7: | 0.533223 | |
| MAexp20: | 0.531699 | |
| MAexp50: | 0.535807 | |
| MAexp100: | 0.539742 | |
| Price / MA7: | -2.09% | |
| Price / MA20: | +2.54% | |
| Price / MA50: | +29.07% | |
| Price / MA100: | +66.94% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | -0.63% | |
| Price / MAexp100: | -1.36% |
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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