API3 - API3/USDT - 1H - Technical analysis published on 01/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 2.72 USDT
My targets
3.20 USDT (+10.24%)
3.38 USDT (+16.55%)
My analysis
API3 - API3/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.72 USDT. The next resistance located at 3.20 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.38 USDT. After this resistance, buyers could then target 5.18 USDT. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.9
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This analysis was given by kathem389. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The API3 - API3/USDT rating is 2.90 USDT. The price is lower by -3.33% since the last closing with the lowest point at 2.71 USDT and the highest point at 3.13 USDT. The deviation from the price is +7.01% for the low point and -7.35% for the high point.2.71
3.13
2.90
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 1H 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.99 | 2.57 | 2.72 | 2.90 | 3.38 | 5.18 | 6.58 |
| Change (%) | -31.38% | -11.38% | -6.21% | - | +16.55% | +78.62% | +126.90% |
| Change | -0.91 | -0.33 | -0.18 | - | +0.48 | +2.28 | +3.68 |
| Level | Intermediate | Minor | 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 | 1.14 | 1.57 | 2.28 | 2.71 | 3.42 | 3.85 | 4.56 |
| Camarilla | 2.69 | 2.79 | 2.90 | 3.00 | 3.11 | 3.21 | 3.31 |
| Woodie | 1.29 | 1.64 | 2.43 | 2.78 | 3.57 | 3.92 | 4.71 |
| Fibonacci | 1.57 | 2.00 | 2.27 | 2.71 | 3.14 | 3.41 | 3.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.09 | 1.53 | 2.26 | 2.70 | 3.43 | 3.87 | 4.60 |
| Camarilla | 2.68 | 2.79 | 2.89 | 3.00 | 3.11 | 3.22 | 3.32 |
| Woodie | 1.25 | 1.60 | 2.42 | 2.77 | 3.59 | 3.94 | 4.76 |
| Fibonacci | 1.53 | 1.97 | 2.25 | 2.70 | 3.14 | 3.42 | 3.87 |
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): | 67.51 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | 22.95 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 3.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.72 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 2.62 | |
| Zig ZAG (10): | 2.99 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 62.33 | |
| TEMA (21): | 3.01 | |
| Williams %R (14): | -29.18 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | 3.5600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.9800 | |
| Courbe Coppock: | 3.34 |
| MA7: | 2.39 | |
| MA20: | 2.01 | |
| MA50: | 1.87 | |
| MA100: | 1.64 | |
| MAexp7: | 2.92 | |
| MAexp20: | 2.80 | |
| MAexp50: | 2.56 | |
| MAexp100: | 2.38 | |
| Price / MA7: | +21.34% | |
| Price / MA20: | +44.28% | |
| Price / MA50: | +55.08% | |
| Price / MA100: | +76.83% | |
| Price / MAexp7: | -0.68% | |
| Price / MAexp20: | +3.57% | |
| Price / MAexp50: | +13.28% | |
| Price / MAexp100: | +21.85% |
Quotes :
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Real time data
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