CURVE DAO TOKEN - CRV/USDT - 1H - Technical analysis published on 03/11/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.819100 USDT
My targets
0.800200 USDT (-1.54%)
0.775633 USDT (-4.56%)
My analysis
CURVE DAO TOKEN - CRV/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.819100 USDT. The next support located at 0.800200 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.775633 USDT. Below this support, sellers could then target 0.703100 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
7.1
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This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CURVE DAO TOKEN - CRV/USDT price is 0.812700 USDT. On the day, this instrument lost -8.37% with the lowest point at 0.800900 USDT and the highest point at 0.927200 USDT. The deviation from the price is +1.47% for the low point and -12.35% for the high point.0.800900
0.927200
0.812700
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CURVE DAO TOKEN - CRV/USDT in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.635200 | 0.703100 | 0.800200 | 0.812700 | 0.819100 | 0.851000 | 0.883400 |
| Change (%) | -21.84% | -13.49% | -1.54% | - | +0.79% | +4.71% | +8.70% |
| Change | -0.177500 | -0.109600 | -0.012500 | - | +0.006400 | +0.038300 | +0.070700 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Major |
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 | 0.756667 | 0.784233 | 0.835567 | 0.863133 | 0.914467 | 0.942033 | 0.993367 |
| Camarilla | 0.865203 | 0.872435 | 0.879668 | 0.886900 | 0.894133 | 0.901365 | 0.908598 |
| Woodie | 0.768550 | 0.790175 | 0.847450 | 0.869075 | 0.926350 | 0.947975 | 1.005250 |
| Fibonacci | 0.784233 | 0.814373 | 0.832994 | 0.863133 | 0.893273 | 0.911894 | 0.942033 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.667867 | 0.775633 | 0.842467 | 0.950233 | 1.017067 | 1.124833 | 1.191667 |
| Camarilla | 0.861285 | 0.877290 | 0.893295 | 0.909300 | 0.925305 | 0.941310 | 0.957315 |
| Woodie | 0.647400 | 0.765400 | 0.822000 | 0.940000 | 0.996600 | 1.114600 | 1.171200 |
| Fibonacci | 0.775633 | 0.842331 | 0.883536 | 0.950233 | 1.016931 | 1.058136 | 1.124833 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.487667 | 0.692133 | 0.888067 | 1.092533 | 1.288467 | 1.492933 | 1.688867 |
| Camarilla | 0.973890 | 1.010593 | 1.047297 | 1.084000 | 1.120703 | 1.157407 | 1.194110 |
| Woodie | 0.483400 | 0.690000 | 0.883800 | 1.090400 | 1.284200 | 1.490800 | 1.684600 |
| Fibonacci | 0.692133 | 0.845086 | 0.939581 | 1.092533 | 1.245486 | 1.339981 | 1.492933 |
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): | 38.60 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | -12.172485 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.872823 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.914214 | |
| Elder Ray (13): | -0.037863 | |
| Super Trend (3,10): | 0.889583 | |
| Zig ZAG (10): | 0.832300 | |
| VORTEX (21): | 1.0104 | |
| Stochastique (14,3,5): | 13.68 | |
| TEMA (21): | 0.869408 | |
| Williams %R (14): | -99.66 | |
| Chande Momentum Oscillator (20): | -0.064600 | |
| Repulse (5,40,3): | -9.7621 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1139 | |
| Courbe Coppock: | 2.83 |
| MA7: | 0.895843 | |
| MA20: | 1.033500 | |
| MA50: | 1.024474 | |
| MA100: | 0.814043 | |
| MAexp7: | 0.856921 | |
| MAexp20: | 0.869932 | |
| MAexp50: | 0.874381 | |
| MAexp100: | 0.892854 | |
| Price / MA7: | -9.28% | |
| Price / MA20: | -21.36% | |
| Price / MA50: | -20.67% | |
| Price / MA100: | -0.16% | |
| Price / MAexp7: | -5.16% | |
| Price / MAexp20: | -6.58% | |
| Price / MAexp50: | -7.05% | |
| Price / MAexp100: | -8.98% |
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.
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