CREDITCOIN - CTC/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	CTCUSDT
ISIN:

CREDITCOIN - CTC/USDT - Weekly - Technical analysis published on 12/31/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

89%

My opinion

Bullish above 0.692800 USDT

My targets

1.033940 USDT (+40.58%)

2.101333 USDT (+185.71%)

My analysis

The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on CREDITCOIN - CTC/USDT as long as the price remains well above 0.692800 USDT. The buyers' bullish objective is set at 1.033940 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.101333 USDT. If there is any crossing, the next objective would be the resistance located at 4.844000 USDT.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.5

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 0.735479 USDT. The price registered an increase of +58.31% over 5 days and was traded between 0.456815 USDT and 0.749460 USDT over the period. The price is currently at +61.00% from its lowest point and -1.87% from its highest point.

0.456815

0.749460

0.735479

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of CREDITCOIN - CTC/USDT in Weekly shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Weekly

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found no further results concerning independent technical indicators.

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

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.692800	0.735479	2.101333	4.844000	6.564000
Change (%)	-5.80%	-	+185.71%	+558.62%	+792.48%
Change	-0.042679	-	+1.365854	+4.108521	+5.828521
Level	Minor	-	Minor	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.431912	0.487766	0.593356	0.649210	0.754800	0.810654	0.916244
Camarilla	0.654549	0.669348	0.684147	0.698946	0.713745	0.728544	0.743343
Woodie	0.456780	0.500200	0.618224	0.661644	0.779668	0.823088	0.941112
Fibonacci	0.487766	0.549438	0.587538	0.649210	0.710882	0.748982	0.810654

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.284792	0.370070	0.534508	0.619786	0.784224	0.869502	1.033940
Camarilla	0.630274	0.653165	0.676055	0.698946	0.721837	0.744727	0.767618
Woodie	0.324372	0.389860	0.574088	0.639576	0.823804	0.889292	1.073520
Fibonacci	0.370070	0.465462	0.524395	0.619786	0.715178	0.774111	0.869502

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.079734	0.121206	0.166393	0.207865	0.253052	0.294524	0.339711
Camarilla	0.187750	0.195694	0.203637	0.211581	0.219525	0.227469	0.235412
Woodie	0.081593	0.122135	0.168252	0.208794	0.254911	0.295453	0.341570
Fibonacci	0.121206	0.154309	0.174761	0.207865	0.240968	0.261420	0.294524

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):	85.12
MACD (12,26,9):	0.0793
Directional Movement:	54.429791
AROON (14):	57.142858
DEMA (21):	0.395128
Parabolic SAR (0,02-0,02-0,2):	0.245404
Elder Ray (13):	0.324520
Super Trend (3,10):	0.396246
Zig ZAG (10):	0.697017
VORTEX (21):	1.3344
Stochastique (14,3,5):	72.67
TEMA (21):	0.509758
Williams %R (14):	-15.69
Chande Momentum Oscillator (20):	0.565865
Repulse (5,40,3):	38.1880
ROCnROLL:	1
TRIX (15,9):	0.4248
Courbe Coppock:	428.06

MA7:	0.563316
MA20:	0.506348
MA50:	0.321678
MA100:	0.232198
MAexp7:	0.485245
MAexp20:	0.283789
MAexp50:	0.335286
MAexp100:	0.665317
Price / MA7:	+30.56%
Price / MA20:	+45.25%
Price / MA50:	+128.64%
Price / MA100:	+216.75%
Price / MAexp7:	+51.57%
Price / MAexp20:	+159.16%
Price / MAexp50:	+119.36%
Price / MAexp100:	+10.55%

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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