MATH - MATH/USD - 1H - Technical analysis published on 11/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.308800 USD
My targets
0.290000 USD (-3.94%)
0.279000 USD (-7.59%)
My analysis
In the short term, we can see an acceleration in the bearish trend on MATH - MATH/USD, which is a positive signal for sellers. As long as the price remains above 0.308800 USD, a sale could be considered. The first bearish objective is located at 0.290000 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.279000 USD as an objective. Crossing it would then enable sellers to target 0.232600 USD. If the price were to return above 0.308800 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.6
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Additional analysis
Quotes
MATH - MATH/USD rating 0.301900 USD. The price registered a decrease of -0.36% on the session with the lowest point at 0.295000 USD and the highest point at 0.326800 USD. The deviation from the price is +2.34% for the low point and -7.62% for the high point.0.295000
0.326800
0.301900
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of MATH - MATH/USD in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.279000 | 0.290000 | 0.300600 | 0.301900 | 0.320187 | 0.330700 | 0.349944 |
| Change (%) | -7.59% | -3.94% | -0.43% | - | +6.06% | +9.54% | +15.91% |
| Change | -0.022900 | -0.011900 | -0.001300 | - | +0.018287 | +0.028800 | +0.048044 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | 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 | 0.255167 | 0.276933 | 0.289967 | 0.311733 | 0.324767 | 0.346533 | 0.359567 |
| Camarilla | 0.293430 | 0.296620 | 0.299810 | 0.303000 | 0.306190 | 0.309380 | 0.312570 |
| Woodie | 0.250800 | 0.274750 | 0.285600 | 0.309550 | 0.320400 | 0.344350 | 0.355200 |
| Fibonacci | 0.276933 | 0.290227 | 0.298440 | 0.311733 | 0.325027 | 0.333240 | 0.346533 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.193300 | 0.234500 | 0.267600 | 0.308800 | 0.341900 | 0.383100 | 0.416200 |
| Camarilla | 0.280268 | 0.287078 | 0.293889 | 0.300700 | 0.307511 | 0.314322 | 0.321133 |
| Woodie | 0.189250 | 0.232475 | 0.263550 | 0.306775 | 0.337850 | 0.381075 | 0.412150 |
| Fibonacci | 0.234500 | 0.262883 | 0.280417 | 0.308800 | 0.337183 | 0.354717 | 0.383100 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.530100 | -0.186900 | 0.071000 | 0.414200 | 0.672100 | 1.015300 | 1.273200 |
| Camarilla | 0.163598 | 0.218698 | 0.273799 | 0.328900 | 0.384001 | 0.439102 | 0.494203 |
| Woodie | -0.572750 | -0.208225 | 0.028350 | 0.392875 | 0.629450 | 0.993975 | 1.230550 |
| Fibonacci | -0.186900 | 0.042720 | 0.184580 | 0.414200 | 0.643820 | 0.785680 | 1.015300 |
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): | 42.47 | |
| MACD (12,26,9): | -0.0027 | |
| Directional Movement: | -2.520840 | |
| AROON (14): | -64.285714 | |
| DEMA (21): | 0.304882 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.312328 | |
| Elder Ray (13): | -0.001861 | |
| Super Trend (3,10): | 0.296948 | |
| Zig ZAG (10): | 0.301000 | |
| VORTEX (21): | 0.9929 | |
| Stochastique (14,3,5): | 26.52 | |
| TEMA (21): | 0.301393 | |
| Williams %R (14): | -77.94 | |
| Chande Momentum Oscillator (20): | -0.019700 | |
| Repulse (5,40,3): | -2.3038 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0568 | |
| Courbe Coppock: | 10.33 |
| MA7: | 0.303771 | |
| MA20: | 0.327545 | |
| MA50: | 0.302868 | |
| MA100: | 0.242599 | |
| MAexp7: | 0.303110 | |
| MAexp20: | 0.307718 | |
| MAexp50: | 0.308723 | |
| MAexp100: | 0.308616 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | -7.83% | |
| Price / MA50: | -0.32% | |
| Price / MA100: | +24.44% | |
| Price / MAexp7: | -0.40% | |
| Price / MAexp20: | -1.89% | |
| Price / MAexp50: | -2.21% | |
| Price / MAexp100: | -2.18% |
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.
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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