UNIFI PROTOCOL DAO - UNFI/USDT - 1H - Technical analysis published on 05/23/2022 (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 bearish
Underlying:
Slightly bullish
Technical indicators
11%
50%
39%
My opinion
Bearish under 2.46 USDT
My targets
2.30 USDT (-1.71%)
2.16 USDT (-7.69%)
My analysis
The strong short-term decline in UNIFI PROTOCOL DAO - UNFI/USDT calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 2.46 USDT, one could consider taking advantage of the short-term movement. The first bearish objective is located at 2.30 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.16 USDT as an objective. Crossing it would then enable sellers to target 2.05 USDT. Be careful, a return to above 2.46 USDT could jeopardize the reversal.
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
2
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This analysis was given by mywong. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The UNIFI PROTOCOL DAO - UNFI/USDT price is 2.34 USDT. The price is lower by -4.49% since the last closing with the lowest point at 2.34 USDT and the highest point at 2.55 USDT. The deviation from the price is 0% for the low point and -8.24% for the high point.2.34
2.55
2.34
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by UNIFI PROTOCOL DAO - UNFI/USDT:
Technical
Technical analysis of UNIFI PROTOCOL DAO - UNFI/USDT in 1H shows an overall slightly bullish trend. 50.00% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is low given the direction of the technical indicators.
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
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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:
Downside gap
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.05 | 2.16 | 2.30 | 2.34 | 2.46 | 6.19 | 7.59 |
| Change (%) | -12.39% | -7.69% | -1.71% | - | +5.13% | +164.53% | +224.36% |
| Change | -0.29 | -0.18 | -0.04 | - | +0.12 | +3.85 | +5.25 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 2.13 | 2.24 | 2.35 | 2.46 | 2.57 | 2.68 | 2.79 |
| Camarilla | 2.39 | 2.41 | 2.43 | 2.45 | 2.47 | 2.49 | 2.51 |
| Woodie | 2.12 | 2.24 | 2.34 | 2.46 | 2.56 | 2.68 | 2.78 |
| Fibonacci | 2.24 | 2.33 | 2.38 | 2.46 | 2.55 | 2.60 | 2.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.41 | 1.65 | 2.02 | 2.26 | 2.63 | 2.87 | 3.24 |
| Camarilla | 2.23 | 2.29 | 2.34 | 2.40 | 2.46 | 2.51 | 2.57 |
| Woodie | 1.49 | 1.68 | 2.10 | 2.29 | 2.71 | 2.90 | 3.32 |
| Fibonacci | 1.65 | 1.88 | 2.02 | 2.26 | 2.49 | 2.63 | 2.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.59 | 1.55 | 2.70 | 4.84 | 5.99 | 8.13 | 9.28 |
| Camarilla | 2.94 | 3.24 | 3.54 | 3.84 | 4.14 | 4.44 | 4.75 |
| Woodie | -1.10 | 1.30 | 2.20 | 4.59 | 5.49 | 7.88 | 8.78 |
| Fibonacci | 1.55 | 2.81 | 3.59 | 4.84 | 6.10 | 6.88 | 8.13 |
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): | 40.52 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -5.57 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 2.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.55 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 2.36 | |
| Zig ZAG (10): | 2.40 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 27.34 | |
| TEMA (21): | 2.45 | |
| Williams %R (14): | -89.89 | |
| Chande Momentum Oscillator (20): | -0.11 | |
| Repulse (5,40,3): | -4.2800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 0.39 |
| MA7: | 2.26 | |
| MA20: | 2.66 | |
| MA50: | 4.04 | |
| MA100: | 4.73 | |
| MAexp7: | 2.45 | |
| MAexp20: | 2.46 | |
| MAexp50: | 2.42 | |
| MAexp100: | 2.34 | |
| Price / MA7: | +3.54% | |
| Price / MA20: | -12.03% | |
| Price / MA50: | -42.08% | |
| Price / MA100: | -50.53% | |
| Price / MAexp7: | -4.49% | |
| Price / MAexp20: | -4.88% | |
| Price / MAexp50: | -3.31% | |
| Price / MAexp100: | -0% |
Quotes :
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Real time data
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Cryptocompare
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