MEMECOIN - MEME/USDT - 1H - Technical analysis published on 12/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.040834 USDT
My targets
0.038018 USDT (-2.27%)
0.035252 USDT (-9.38%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on MEMECOIN - MEME/USDT as long as the price remains well below 0.040834 USDT. The next bearish objective for sellers is set at 0.038018 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.035252 USDT. In case of crossing, the next objective would be the support located at 0.032770 USDT.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
4.3
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This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MEMECOIN - MEME/USDT rating 0.038900 USDT. The price registered an increase of +0.22% on the session and was between 0.038714 USDT and 0.039131 USDT. This implies that the price is at +0.48% from its lowest and at -0.59% from its highest.0.038714
0.039131
0.038900
Here is a more detailed summary of the historical variations registered by MEMECOIN - MEME/USDT:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of MEMECOIN - MEME/USDT indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.032770 | 0.035252 | 0.038018 | 0.038900 | 0.040834 | 0.044241 | 0.047296 |
| Change (%) | -15.76% | -9.38% | -2.27% | - | +4.97% | +13.73% | +21.58% |
| Change | -0.006130 | -0.003648 | -0.000882 | - | +0.001934 | +0.005341 | +0.008396 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.034244 | 0.036359 | 0.037588 | 0.039703 | 0.040932 | 0.043047 | 0.044276 |
| Camarilla | 0.037896 | 0.038203 | 0.038510 | 0.038816 | 0.039123 | 0.039429 | 0.039736 |
| Woodie | 0.033800 | 0.036138 | 0.037144 | 0.039482 | 0.040488 | 0.042826 | 0.043832 |
| Fibonacci | 0.036359 | 0.037637 | 0.038426 | 0.039703 | 0.040981 | 0.041770 | 0.043047 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.009059 | 0.018403 | 0.028609 | 0.037953 | 0.048159 | 0.057503 | 0.067709 |
| Camarilla | 0.033440 | 0.035232 | 0.037024 | 0.038816 | 0.040608 | 0.042400 | 0.044192 |
| Woodie | 0.009491 | 0.018619 | 0.029041 | 0.038169 | 0.048591 | 0.057719 | 0.068141 |
| Fibonacci | 0.018403 | 0.025871 | 0.030485 | 0.037953 | 0.045421 | 0.050035 | 0.057503 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -105.271900 | -52.622946 | -26.297909 | 26.351045 | 52.676082 | 105.325036 | 131.650073 |
| Camarilla | -21.690721 | -14.451438 | -7.212156 | 0.027127 | 7.266410 | 14.505692 | 21.744975 |
| Woodie | -118.433860 | -59.203925 | -39.459869 | 19.770066 | 39.514123 | 98.744057 | 118.488114 |
| Fibonacci | -52.622946 | -22.454881 | -3.817019 | 26.351045 | 56.519110 | 75.156972 | 105.325036 |
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): | 41.32 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -3.408405 | |
| AROON (14): | 28.571428 | |
| DEMA (21): | 0.039785 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.041755 | |
| Elder Ray (13): | -0.000819 | |
| Super Trend (3,10): | 0.038356 | |
| Zig ZAG (10): | 0.039060 | |
| VORTEX (21): | 0.9544 | |
| Stochastique (14,3,5): | 21.98 | |
| TEMA (21): | 0.039858 | |
| Williams %R (14): | -82.03 | |
| Chande Momentum Oscillator (20): | -0.000104 | |
| Repulse (5,40,3): | -2.7243 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0448 | |
| Courbe Coppock: | 2.56 |
| MA7: | 0.038934 | |
| MA20: | 11.877414 | |
| MA50: | 52.150966 | |
| MA100: | 58.325483 | |
| MAexp7: | 0.039682 | |
| MAexp20: | 0.039877 | |
| MAexp50: | 0.039719 | |
| MAexp100: | 0.039002 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | -99.67% | |
| Price / MA50: | -99.93% | |
| Price / MA100: | -99.93% | |
| Price / MAexp7: | -1.97% | |
| Price / MAexp20: | -2.45% | |
| Price / MAexp50: | -2.06% | |
| Price / MAexp100: | -0.26% |
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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