AUDIUS - AUDIO/USDT - 1H - Technical analysis published on 08/27/2021 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 2.68 USDT
My targets
2.37 USDT (-0.84%)
2.27 USDT (-5.02%)
My analysis
AUDIUS - AUDIO/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 2.68 USDT. The next support located at 2.37 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 2.27 USDT. Below this support, sellers could then target 1.26 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 are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.8
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Additional analysis
Quotes
The AUDIUS - AUDIO/USDT price is 2.39 USDT. The price is lower by -1.65% since the last closing with the lowest point at 2.24 USDT and the highest point at 2.46 USDT. The deviation from the price is +6.70% for the low point and -2.85% for the high point.2.24
2.46
2.39
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of AUDIUS - AUDIO/USDT indicates that the overall trend is strongly bearish. 92.86% 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 detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
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:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.26 | 2.27 | 2.37 | 2.39 | 2.68 | 2.86 | 3.29 |
| Change (%) | -47.28% | -5.02% | -0.84% | - | +12.13% | +19.67% | +37.66% |
| Change | -1.13 | -0.12 | -0.02 | - | +0.29 | +0.47 | +0.90 |
| Level | Intermediate | Minor | Minor | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.81 | 2.09 | 2.26 | 2.54 | 2.71 | 2.99 | 3.16 |
| Camarilla | 2.31 | 2.35 | 2.39 | 2.43 | 2.47 | 2.51 | 2.55 |
| Woodie | 1.76 | 2.06 | 2.21 | 2.51 | 2.66 | 2.96 | 3.11 |
| Fibonacci | 2.09 | 2.26 | 2.37 | 2.54 | 2.71 | 2.82 | 2.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.97 | 0.27 | 1.57 | 2.81 | 4.11 | 5.35 | 6.65 |
| Camarilla | 2.17 | 2.40 | 2.64 | 2.87 | 3.10 | 3.34 | 3.57 |
| Woodie | -0.94 | 0.29 | 1.60 | 2.83 | 4.14 | 5.37 | 6.68 |
| Fibonacci | 0.27 | 1.24 | 1.84 | 2.81 | 3.78 | 4.38 | 5.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.21 | 0.50 | 0.83 | 1.12 | 1.45 | 1.74 | 2.07 |
| Camarilla | 0.99 | 1.05 | 1.10 | 1.16 | 1.22 | 1.27 | 1.33 |
| Woodie | 0.23 | 0.51 | 0.85 | 1.13 | 1.47 | 1.75 | 2.09 |
| Fibonacci | 0.50 | 0.74 | 0.88 | 1.12 | 1.36 | 1.50 | 1.74 |
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): | 44.00 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -13.39 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 2.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.25 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 2.50 | |
| Zig ZAG (10): | 2.42 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 63.57 | |
| TEMA (21): | 2.37 | |
| Williams %R (14): | -38.76 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | 0.5400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3100 | |
| Courbe Coppock: | 5.40 |
| MA7: | 2.72 | |
| MA20: | 2.31 | |
| MA50: | 1.57 | |
| MA100: | 1.27 | |
| MAexp7: | 2.39 | |
| MAexp20: | 2.42 | |
| MAexp50: | 2.52 | |
| MAexp100: | 2.65 | |
| Price / MA7: | -12.13% | |
| Price / MA20: | +3.46% | |
| Price / MA50: | +52.23% | |
| Price / MA100: | +88.19% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -1.24% | |
| Price / MAexp50: | -5.16% | |
| Price / MAexp100: | -9.81% |
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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