FETCH.AI - FET/USD - 1H - Technical analysis published on 09/17/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 1.30 USD
My targets
1.26 USD (-1.56%)
1.23 USD (-3.91%)
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 1.30 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 1.30 USD. The next bearish objective for sellers is set at 1.26 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.23 USD. In case of crossing, the next objective would be the support located at 1.19 USD. PS: if there is a bullish break in the resistance located at 1.30 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.6
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Additional analysis
Quotes
The FETCH.AI - FET/USD price is 1.28 USD. The price has increased by +1.59% since the last closing and was traded between 1.24 USD and 1.28 USD over the period. The price is currently at +3.23% from its lowest and 0% from its highest.1.24
1.28
1.28
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this FETCH.AI - FET/USD chart shows a bearish trend. 78.57% 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 currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 7 are bullish, 4 are neutral and 7 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 : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.19 | 1.23 | 1.26 | 1.28 | 1.30 | 1.33 | 1.37 |
| Change (%) | -7.03% | -3.91% | -1.56% | - | +1.56% | +3.91% | +7.03% |
| Change | -0.09 | -0.05 | -0.02 | - | +0.02 | +0.05 | +0.09 |
| Level | Minor | Intermediate | Intermediate | - | 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 | 1.14 | 1.19 | 1.23 | 1.28 | 1.32 | 1.37 | 1.41 |
| Camarilla | 1.24 | 1.24 | 1.25 | 1.26 | 1.27 | 1.28 | 1.29 |
| Woodie | 1.13 | 1.19 | 1.22 | 1.28 | 1.31 | 1.37 | 1.40 |
| Fibonacci | 1.19 | 1.23 | 1.25 | 1.28 | 1.32 | 1.34 | 1.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.77 | 0.92 | 1.16 | 1.31 | 1.55 | 1.70 | 1.94 |
| Camarilla | 1.30 | 1.34 | 1.37 | 1.41 | 1.45 | 1.48 | 1.52 |
| Woodie | 0.83 | 0.94 | 1.22 | 1.33 | 1.61 | 1.72 | 2.00 |
| Fibonacci | 0.92 | 1.07 | 1.16 | 1.31 | 1.46 | 1.55 | 1.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.05 | 0.32 | 0.73 | 1.10 | 1.51 | 1.88 | 2.29 |
| Camarilla | 0.92 | 0.99 | 1.06 | 1.13 | 1.20 | 1.27 | 1.35 |
| Woodie | -0.04 | 0.33 | 0.74 | 1.11 | 1.52 | 1.89 | 2.30 |
| Fibonacci | 0.32 | 0.62 | 0.81 | 1.10 | 1.40 | 1.59 | 1.88 |
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): | 43.38 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -9.98 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 1.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.24 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.31 | |
| Zig ZAG (10): | 1.27 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 37.66 | |
| TEMA (21): | 1.25 | |
| Williams %R (14): | -59.10 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | 0.9100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2400 | |
| Courbe Coppock: | 6.16 |
| MA7: | 1.34 | |
| MA20: | 1.22 | |
| MA50: | 1.08 | |
| MA100: | 1.23 | |
| MAexp7: | 1.27 | |
| MAexp20: | 1.28 | |
| MAexp50: | 1.31 | |
| MAexp100: | 1.32 | |
| Price / MA7: | -4.48% | |
| Price / MA20: | +4.92% | |
| Price / MA50: | +18.52% | |
| Price / MA100: | +4.07% | |
| Price / MAexp7: | +0.79% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -2.29% | |
| Price / MAexp100: | -3.03% |
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.
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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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