AUDIUS - AUDIO/USD - 1H - Technical analysis published on 06/29/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.158318 USD
My targets
0.166151 USD (+3.24%)
0.177916 USD (+10.55%)
My analysis
The strong short-term increase for AUDIUS - AUDIO/USD reinforces the current slightly bullish trend. As long as the price remains above 0.158318 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.166151 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.177916 USD as an objective. Crossing it would then enable buyers to target 0.230113 USD. A return to 0.158318 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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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 AUDIUS - AUDIO/USD price is 0.160942 USD. The price has increased by +10.08% since the last closing with the lowest point at 0.145313 USD and the highest point at 0.163071 USD. The deviation from the price is +10.76% for the low point and -1.31% for the high point.0.145313
0.163071
0.160942
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUDIUS - AUDIO/USD indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Long black line
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.149138 | 0.151244 | 0.158318 | 0.160942 | 0.166151 | 0.177916 | 0.230113 |
| Change (%) | -7.33% | -6.03% | -1.63% | - | +3.24% | +10.55% | +42.98% |
| Change | -0.011804 | -0.009698 | -0.002624 | - | +0.005209 | +0.016974 | +0.069171 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Minor | Minor |
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 | 0.131627 | 0.138330 | 0.142266 | 0.148969 | 0.152905 | 0.159608 | 0.163544 |
| Camarilla | 0.143277 | 0.144253 | 0.145228 | 0.146203 | 0.147178 | 0.148154 | 0.149129 |
| Woodie | 0.130245 | 0.137638 | 0.140884 | 0.148277 | 0.151523 | 0.158916 | 0.162162 |
| Fibonacci | 0.138330 | 0.142394 | 0.144905 | 0.148969 | 0.153033 | 0.155544 | 0.159608 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.102140 | 0.121715 | 0.138008 | 0.157583 | 0.173876 | 0.193451 | 0.209744 |
| Camarilla | 0.144437 | 0.147725 | 0.151013 | 0.154301 | 0.157589 | 0.160877 | 0.164165 |
| Woodie | 0.100499 | 0.120895 | 0.136367 | 0.156763 | 0.172235 | 0.192631 | 0.208103 |
| Fibonacci | 0.121715 | 0.135417 | 0.143881 | 0.157583 | 0.171285 | 0.179749 | 0.193451 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017742 | 0.082422 | 0.140620 | 0.205300 | 0.263498 | 0.328178 | 0.386376 |
| Camarilla | 0.165026 | 0.176289 | 0.187553 | 0.198817 | 0.210081 | 0.221345 | 0.232609 |
| Woodie | 0.014500 | 0.080802 | 0.137378 | 0.203680 | 0.260256 | 0.326558 | 0.383134 |
| Fibonacci | 0.082422 | 0.129362 | 0.158361 | 0.205300 | 0.252240 | 0.281239 | 0.328178 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.67 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 35.188749 | |
| AROON (14): | 7.142857 | |
| DEMA (21): | 0.150295 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.145610 | |
| Elder Ray (13): | 0.004467 | |
| Super Trend (3,10): | 0.146475 | |
| Zig ZAG (10): | 0.154998 | |
| VORTEX (21): | 1.1678 | |
| Stochastique (14,3,5): | 57.43 | |
| TEMA (21): | 0.151784 | |
| Williams %R (14): | -45.43 | |
| Chande Momentum Oscillator (20): | 0.007500 | |
| Repulse (5,40,3): | 1.5218 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0052 | |
| Courbe Coppock: | 4.52 |
| MA7: | 0.151005 | |
| MA20: | 0.158825 | |
| MA50: | 0.172493 | |
| MA100: | 0.197812 | |
| MAexp7: | 0.151914 | |
| MAexp20: | 0.148913 | |
| MAexp50: | 0.149338 | |
| MAexp100: | 0.149814 | |
| Price / MA7: | +6.58% | |
| Price / MA20: | +1.33% | |
| Price / MA50: | -6.70% | |
| Price / MA100: | -18.64% | |
| Price / MAexp7: | +5.94% | |
| Price / MAexp20: | +8.08% | |
| Price / MAexp50: | +7.77% | |
| Price / MAexp100: | +7.43% |
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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