API3 - API3/USDT - Daily - Technical analysis published on 01/27/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 2.72 USDT
My targets
3.38 USDT (+13.04%)
4.32 USDT (+44.48%)
My analysis
The bullish trend is currently very strong on API3 - API3/USDT. As long as the price remains above the support at 2.72 USDT, you could try to benefit from the boom. The first bullish objective is located at 3.38 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.32 USDT as an objective. Crossing it would then enable buyers to target 5.18 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.6
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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 API3 - API3/USDT rating is 2.99 USDT. The price has increased by +43.75% since the last closing and was between 1.99 USDT and 3.00 USDT. This implies that the price is at +50.25% from its lowest and at -0.33% from its highest.1.99
3.00
2.99
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of API3 - API3/USDT in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
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:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.58 | 1.99 | 2.72 | 2.99 | 3.38 | 5.18 | 6.58 |
| Change (%) | -47.16% | -33.44% | -9.03% | - | +13.04% | +73.24% | +120.07% |
| Change | -1.41 | -1.00 | -0.27 | - | +0.39 | +2.19 | +3.59 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | 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 | 1.90 | 1.95 | 2.01 | 2.06 | 2.12 | 2.17 | 2.23 |
| Camarilla | 2.05 | 2.06 | 2.07 | 2.08 | 2.09 | 2.10 | 2.11 |
| Woodie | 1.92 | 1.95 | 2.03 | 2.06 | 2.14 | 2.17 | 2.25 |
| Fibonacci | 1.95 | 1.99 | 2.02 | 2.06 | 2.10 | 2.13 | 2.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.08 | 0.72 | 1.72 | 2.52 | 3.52 | 4.32 | 5.32 |
| Camarilla | 2.23 | 2.39 | 2.56 | 2.72 | 2.89 | 3.05 | 3.22 |
| Woodie | 0.02 | 0.77 | 1.82 | 2.57 | 3.62 | 4.37 | 5.42 |
| Fibonacci | 0.72 | 1.41 | 1.83 | 2.52 | 3.21 | 3.63 | 4.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.68 | 1.03 | 1.52 | 1.87 | 2.36 | 2.71 | 3.20 |
| Camarilla | 1.77 | 1.85 | 1.92 | 2.00 | 2.08 | 2.15 | 2.23 |
| Woodie | 0.74 | 1.07 | 1.58 | 1.91 | 2.42 | 2.75 | 3.26 |
| Fibonacci | 1.03 | 1.35 | 1.55 | 1.87 | 2.19 | 2.39 | 2.71 |
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): | 65.80 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | 27.91 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 2.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.91 | |
| Elder Ray (13): | 0.26 | |
| Super Trend (3,10): | 1.69 | |
| Zig ZAG (10): | 2.62 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 40.11 | |
| TEMA (21): | 2.30 | |
| Williams %R (14): | -37.97 | |
| Chande Momentum Oscillator (20): | 0.95 | |
| Repulse (5,40,3): | 24.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7800 | |
| Courbe Coppock: | 70.92 |
| MA7: | 2.26 | |
| MA20: | 1.92 | |
| MA50: | 1.83 | |
| MA100: | 1.61 | |
| MAexp7: | 2.23 | |
| MAexp20: | 2.03 | |
| MAexp50: | 1.84 | |
| MAexp100: | 1.66 | |
| Price / MA7: | +32.30% | |
| Price / MA20: | +55.73% | |
| Price / MA50: | +63.39% | |
| Price / MA100: | +85.71% | |
| Price / MAexp7: | +34.08% | |
| Price / MAexp20: | +47.29% | |
| Price / MAexp50: | +62.50% | |
| Price / MAexp100: | +80.12% |
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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