SUSHI - SUSHI/USD - Daily - Technical analysis published on 12/08/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.28 USD
My targets
1.12 USD (-5.08%)
1.01 USD (-14.41%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SUSHI - SUSHI/USD as long as the price remains well below 1.28 USD. The sellers' bearish objective is set at 1.12 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.01 USD. In case of crossing, the next objective would be the support located at 0.93 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SUSHI - SUSHI/USD price is 1.18 USD. The price has increased by +1.72% since the last closing with the lowest point at 1.16 USD and the highest point at 1.18 USD. The deviation from the price is +1.72% for the low point and 0% for the high point.1.16
1.18
1.18
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 this Daily chart of SUSHI - SUSHI/USD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.93 | 1.01 | 1.12 | 1.18 | 1.28 | 1.42 | 1.58 |
Change (%) | -21.19% | -14.41% | -5.08% | - | +8.47% | +20.34% | +33.90% |
Change | -0.25 | -0.17 | -0.06 | - | +0.10 | +0.24 | +0.40 |
Level | Minor | Major | Minor | - | 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 | 0.98 | 1.07 | 1.11 | 1.20 | 1.24 | 1.33 | 1.37 |
Camarilla | 1.12 | 1.14 | 1.15 | 1.16 | 1.17 | 1.18 | 1.20 |
Woodie | 0.97 | 1.06 | 1.10 | 1.19 | 1.23 | 1.32 | 1.36 |
Fibonacci | 1.07 | 1.12 | 1.15 | 1.20 | 1.25 | 1.28 | 1.33 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.87 | 1.03 | 1.17 | 1.33 | 1.47 | 1.63 | 1.77 |
Camarilla | 1.24 | 1.27 | 1.29 | 1.32 | 1.35 | 1.38 | 1.40 |
Woodie | 0.87 | 1.03 | 1.17 | 1.33 | 1.47 | 1.63 | 1.77 |
Fibonacci | 1.03 | 1.14 | 1.21 | 1.33 | 1.44 | 1.51 | 1.63 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | -0.13 | 0.43 | 0.95 | 1.51 | 2.03 | 2.59 | 3.11 |
Camarilla | 1.17 | 1.27 | 1.37 | 1.47 | 1.57 | 1.67 | 1.77 |
Woodie | -0.15 | 0.42 | 0.93 | 1.50 | 2.01 | 2.58 | 3.09 |
Fibonacci | 0.43 | 0.84 | 1.10 | 1.51 | 1.92 | 2.18 | 2.59 |
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): | 41.03 | |
MACD (12,26,9): | -0.0200 | |
Directional Movement: | -4.30 | |
AROON (14): | 35.72 | |
DEMA (21): | 1.26 | |
Parabolic SAR (0,02-0,02-0,2): | 1.06 | |
Elder Ray (13): | -0.12 | |
Super Trend (3,10): | 1.49 | |
Zig ZAG (10): | 1.16 | |
VORTEX (21): | 0.9700 | |
Stochastique (14,3,5): | 15.69 | |
TEMA (21): | 1.26 | |
Williams %R (14): | -94.12 | |
Chande Momentum Oscillator (20): | -0.02 | |
Repulse (5,40,3): | -14.5900 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.2300 | |
Courbe Coppock: | 16.42 |
MA7: | 1.29 | |
MA20: | 1.26 | |
MA50: | 1.39 | |
MA100: | 1.30 | |
MAexp7: | 1.26 | |
MAexp20: | 1.29 | |
MAexp50: | 1.32 | |
MAexp100: | 1.36 | |
Price / MA7: | -8.53% | |
Price / MA20: | -6.35% | |
Price / MA50: | -15.11% | |
Price / MA100: | -9.23% | |
Price / MAexp7: | -6.35% | |
Price / MAexp20: | -8.53% | |
Price / MAexp50: | -10.61% | |
Price / MAexp100: | -13.24% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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