SUSHI - SUSHI/USD - 1H - Technical analysis published on 05/01/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 0.97 USD
My targets
0.92 USD (-2.13%)
0.84 USD (-10.64%)
My analysis
The bearish basic trend is very strong on SUSHI - SUSHI/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.97 USD. Crossing the first support at 0.92 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.84 USD as an objective. Crossing it would then enable sellers to target 0.54 USD. Caution, a return to above the resistance located at 0.97 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.4
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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 0.94 USD. The price is lower by -1.05% since the last closing and was between 0.90 USD and 0.98 USD. This implies that the price is at +4.44% from its lowest and at -4.08% from its highest.0.90
0.98
0.94
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of SUSHI - SUSHI/USD in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a slightly bearish signal.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.54 | 0.92 | 0.94 | 0.97 | 1.00 | 1.03 |
| Change (%) | -42.55% | -2.13% | - | +3.19% | +6.38% | +9.57% |
| Change | -0.40 | -0.02 | - | +0.03 | +0.06 | +0.09 |
| Level | Minor | Intermediate | - | Major | Minor | Minor |
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 | 0.79 | 0.86 | 0.90 | 0.97 | 1.01 | 1.08 | 1.12 |
| Camarilla | 0.92 | 0.93 | 0.94 | 0.95 | 0.96 | 0.97 | 0.98 |
| Woodie | 0.79 | 0.85 | 0.90 | 0.96 | 1.01 | 1.07 | 1.12 |
| Fibonacci | 0.86 | 0.90 | 0.93 | 0.97 | 1.01 | 1.04 | 1.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.84 | 0.90 | 0.96 | 1.02 | 1.08 | 1.14 | 1.20 |
| Camarilla | 0.99 | 1.00 | 1.01 | 1.02 | 1.03 | 1.04 | 1.05 |
| Woodie | 0.84 | 0.90 | 0.96 | 1.02 | 1.08 | 1.14 | 1.20 |
| Fibonacci | 0.90 | 0.95 | 0.97 | 1.02 | 1.07 | 1.09 | 1.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.58 | 0.10 | 0.53 | 1.21 | 1.64 | 2.32 | 2.75 |
| Camarilla | 0.65 | 0.75 | 0.85 | 0.95 | 1.05 | 1.15 | 1.26 |
| Woodie | -0.72 | 0.04 | 0.40 | 1.15 | 1.51 | 2.26 | 2.62 |
| Fibonacci | 0.10 | 0.53 | 0.79 | 1.21 | 1.64 | 1.90 | 2.32 |
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): | 41.91 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -17.08 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 0.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.98 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 0.97 | |
| Zig ZAG (10): | 0.94 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 50.00 | |
| TEMA (21): | 0.94 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | -0.3000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 0.36 |
| MA7: | 1.00 | |
| MA20: | 1.00 | |
| MA50: | 1.43 | |
| MA100: | 1.41 | |
| MAexp7: | 0.94 | |
| MAexp20: | 0.95 | |
| MAexp50: | 0.97 | |
| MAexp100: | 0.99 | |
| Price / MA7: | -6.00% | |
| Price / MA20: | -6.00% | |
| Price / MA50: | -34.27% | |
| Price / MA100: | -33.33% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -1.05% | |
| Price / MAexp50: | -3.09% | |
| Price / MAexp100: | -5.05% |
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
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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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