SHENTU - CTK/USDT - 1H - Technical analysis published on 03/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.719400 USDT
My targets
0.734053 USDT (+0.83%)
0.766333 USDT (+5.27%)
My analysis
The current short-term bullish acceleration on SHENTU - CTK/USDT should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 0.719400 USDT. Short-term buyers will use the resistance located at 0.734053 USDT as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 0.766333 USDT. Crossing this resistance would then open the door for buyers to target 0.818720 USDT. Caution, if there is a return to under 0.719400 USDT, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.3
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Additional analysis
Quotes
SHENTU - CTK/USDT rating 0.728000 USDT. The price registered an increase of +2.83% on the session and was traded between 0.680000 USDT and 0.733000 USDT over the period. The price is currently at +7.06% from its lowest and -0.68% from its highest.0.680000
0.733000
0.728000
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SHENTU - CTK/USDT indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.685100 | 0.707100 | 0.719400 | 0.728000 | 0.734053 | 0.766333 | 0.818720 |
| Change (%) | -5.89% | -2.87% | -1.18% | - | +0.83% | +5.27% | +12.46% |
| Change | -0.042900 | -0.020900 | -0.008600 | - | +0.006053 | +0.038333 | +0.090720 |
| Level | Intermediate | Minor | Minor | - | Major | Major | Minor |
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 | 0.621833 | 0.653467 | 0.680733 | 0.712367 | 0.739633 | 0.771267 | 0.798533 |
| Camarilla | 0.691803 | 0.697202 | 0.702601 | 0.708000 | 0.713399 | 0.718798 | 0.724198 |
| Woodie | 0.619650 | 0.652375 | 0.678550 | 0.711275 | 0.737450 | 0.770175 | 0.796350 |
| Fibonacci | 0.653467 | 0.675967 | 0.689867 | 0.712367 | 0.734867 | 0.748767 | 0.771267 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.603000 | 0.669000 | 0.710000 | 0.776000 | 0.817000 | 0.883000 | 0.924000 |
| Camarilla | 0.721575 | 0.731383 | 0.741192 | 0.751000 | 0.760808 | 0.770617 | 0.780425 |
| Woodie | 0.590500 | 0.662750 | 0.697500 | 0.769750 | 0.804500 | 0.876750 | 0.911500 |
| Fibonacci | 0.669000 | 0.709874 | 0.735126 | 0.776000 | 0.816874 | 0.842126 | 0.883000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.457633 | 0.596067 | 0.718033 | 0.856467 | 0.978433 | 1.116867 | 1.238833 |
| Camarilla | 0.768390 | 0.792260 | 0.816130 | 0.840000 | 0.863870 | 0.887740 | 0.911610 |
| Woodie | 0.449400 | 0.591950 | 0.709800 | 0.852350 | 0.970200 | 1.112750 | 1.230600 |
| Fibonacci | 0.596067 | 0.695540 | 0.756994 | 0.856467 | 0.955940 | 1.017394 | 1.116867 |
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): | 60.88 | |
| MACD (12,26,9): | 0.0041 | |
| Directional Movement: | 6.582363 | |
| AROON (14): | 71.428572 | |
| DEMA (21): | 0.719882 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.698843 | |
| Elder Ray (13): | 0.009920 | |
| Super Trend (3,10): | 0.702472 | |
| Zig ZAG (10): | 0.729000 | |
| VORTEX (21): | 1.1271 | |
| Stochastique (14,3,5): | 94.87 | |
| TEMA (21): | 0.728357 | |
| Williams %R (14): | -1.92 | |
| Chande Momentum Oscillator (20): | 0.037000 | |
| Repulse (5,40,3): | 1.3301 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0108 | |
| Courbe Coppock: | 8.17 |
| MA7: | 0.736857 | |
| MA20: | 0.806295 | |
| MA50: | 0.803944 | |
| MA100: | 0.774042 | |
| MAexp7: | 0.724923 | |
| MAexp20: | 0.714578 | |
| MAexp50: | 0.716987 | |
| MAexp100: | 0.727816 | |
| Price / MA7: | -1.20% | |
| Price / MA20: | -9.71% | |
| Price / MA50: | -9.45% | |
| Price / MA100: | -5.95% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +1.88% | |
| Price / MAexp50: | +1.54% | |
| Price / MAexp100: | +0.03% |
Quotes :
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Real time data
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