CREDITCOIN - CTC/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	CTCUSDT
ISIN:

CREDITCOIN - CTC/USDT - Daily - Technical analysis published on 03/28/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

22%

My opinion

Bearish under 0.386700 USDT

My targets

0.325600 USDT (-11.43%)

0.286977 USDT (-21.93%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CREDITCOIN - CTC/USDT as long as the price remains well below 0.386700 USDT. The sellers' bearish objective is set at 0.325600 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.286977 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CREDITCOIN - CTC/USDT rating is 0.367600 USDT. On the day, this instrument gained +9.99% with the lowest point at 0.334100 USDT and the highest point at 0.375700 USDT. The deviation from the price is +10.03% for the low point and -2.16% for the high point.

0.334100

0.375700

0.367600

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CREDITCOIN - CTC/USDT:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of CREDITCOIN - CTC/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 7 are bullish, 4 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.286977	0.325600	0.367473	0.367600	0.423511	0.572954	0.692050
Change (%)	-21.93%	-11.43%	-0.03%	-	+15.21%	+55.86%	+88.26%
Change	-0.080623	-0.042000	-0.000127	-	+0.055911	+0.205354	+0.324450
Level	Intermediate	Minor	Minor	-	Minor	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.300667	0.316133	0.325167	0.340633	0.349667	0.365133	0.374167
Camarilla	0.327463	0.329708	0.331954	0.334200	0.336446	0.338692	0.340938
Woodie	0.297450	0.314525	0.321950	0.339025	0.346450	0.363525	0.370950
Fibonacci	0.316133	0.325492	0.331274	0.340633	0.349992	0.355774	0.365133

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.288100	0.319100	0.337400	0.368400	0.386700	0.417700	0.436000
Camarilla	0.342143	0.346662	0.351181	0.355700	0.360219	0.364738	0.369258
Woodie	0.281750	0.315925	0.331050	0.365225	0.380350	0.414525	0.429650
Fibonacci	0.319100	0.337933	0.349567	0.368400	0.387233	0.398867	0.417700

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.215333	0.363167	0.446333	0.594167	0.677333	0.825167	0.908333
Camarilla	0.465975	0.487150	0.508325	0.529500	0.550675	0.571850	0.593025
Woodie	0.183000	0.347000	0.414000	0.578000	0.645000	0.809000	0.876000
Fibonacci	0.363167	0.451409	0.505925	0.594167	0.682409	0.736925	0.825167

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	38.39
MACD (12,26,9):	-0.0338
Directional Movement:	-4.248280
AROON (14):	-85.714286
DEMA (21):	0.340512
Parabolic SAR (0,02-0,02-0,2):	0.383329
Elder Ray (13):	-0.016152
Super Trend (3,10):	0.421911
Zig ZAG (10):	0.361000
VORTEX (21):	0.8411
Stochastique (14,3,5):	10.59
TEMA (21):	0.338606
Williams %R (14):	-74.03
Chande Momentum Oscillator (20):	-0.029600
Repulse (5,40,3):	0.2000
ROCnROLL:	2
TRIX (15,9):	-1.2143
Courbe Coppock:	18.84

MA7:	0.357000
MA20:	0.378475
MA50:	0.483532
MA100:	0.506076
MAexp7:	0.359365
MAexp20:	0.388070
MAexp50:	0.444187
MAexp100:	0.465397
Price / MA7:	+2.97%
Price / MA20:	-2.87%
Price / MA50:	-23.98%
Price / MA100:	-27.36%
Price / MAexp7:	+2.49%
Price / MAexp20:	-5.09%
Price / MAexp50:	-17.08%
Price / MAexp100:	-20.86%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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