MEMECOIN - MEME/USDT - 1H - Technical analysis published on 12/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 0.029485 USDT
My targets
0.028735 USDT (-1.30%)
0.028021 USDT (-3.75%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.029485 USDT remains possible. It is advisable to trade MEMECOIN - MEME/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.029485 USDT. The next bearish objective for sellers is set at 0.028735 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.028021 USDT. In case of crossing, the next objective would be the support located at 0.026763 USDT. PS: if there is a bullish break in the resistance located at 0.029485 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.9
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This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MEMECOIN - MEME/USDT price is 0.029114 USDT. On the day, this instrument lost -0.81% with the lowest point at 0.028093 USDT and the highest point at 0.029562 USDT. The deviation from the price is +3.63% for the low point and -1.52% for the high point.0.028093
0.029562
0.029114
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this MEMECOIN - MEME/USDT chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
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 | 0.026763 | 0.028021 | 0.028735 | 0.029114 | 0.029485 | 0.030369 | 0.031515 |
| Change (%) | -8.08% | -3.75% | -1.30% | - | +1.27% | +4.31% | +8.25% |
| Change | -0.002351 | -0.001093 | -0.000379 | - | +0.000371 | +0.001255 | +0.002401 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.022177 | 0.024470 | 0.026911 | 0.029204 | 0.031645 | 0.033938 | 0.036379 |
| Camarilla | 0.028050 | 0.028484 | 0.028918 | 0.029352 | 0.029786 | 0.030220 | 0.030654 |
| Woodie | 0.022251 | 0.024507 | 0.026985 | 0.029241 | 0.031719 | 0.033975 | 0.036453 |
| Fibonacci | 0.024470 | 0.026278 | 0.027396 | 0.029204 | 0.031012 | 0.032130 | 0.033938 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.020683 | 0.023979 | 0.027733 | 0.031029 | 0.034783 | 0.038079 | 0.041833 |
| Camarilla | 0.029547 | 0.030194 | 0.030840 | 0.031486 | 0.032132 | 0.032779 | 0.033425 |
| Woodie | 0.020911 | 0.024094 | 0.027961 | 0.031144 | 0.035011 | 0.038194 | 0.042061 |
| Fibonacci | 0.023979 | 0.026672 | 0.028336 | 0.031029 | 0.033722 | 0.035386 | 0.038079 |
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): | 48.75 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 1.785881 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.029062 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.028715 | |
| Elder Ray (13): | 0.000125 | |
| Super Trend (3,10): | 0.030106 | |
| Zig ZAG (10): | 0.029205 | |
| VORTEX (21): | 1.0169 | |
| Stochastique (14,3,5): | 68.70 | |
| TEMA (21): | 0.029239 | |
| Williams %R (14): | -43.05 | |
| Chande Momentum Oscillator (20): | -0.000278 | |
| Repulse (5,40,3): | -0.4321 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0672 | |
| Courbe Coppock: | 2.95 |
| MA7: | 0.030655 | |
| MA20: | 0.032701 | |
| MA50: | 23.722465 | |
| MA100: | 49.331233 | |
| MAexp7: | 0.029205 | |
| MAexp20: | 0.029195 | |
| MAexp50: | 0.029529 | |
| MAexp100: | 0.029953 | |
| Price / MA7: | -5.03% | |
| Price / MA20: | -10.97% | |
| Price / MA50: | -99.88% | |
| Price / MA100: | -99.94% | |
| Price / MAexp7: | -0.31% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -1.41% | |
| Price / MAexp100: | -2.80% |
Quotes :
-
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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