STRONG - STRONG/USDT - Daily - Technical analysis published on 04/17/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 5.24 USDT
My targets
4.25 USDT (-10.53%)
3.90 USDT (-17.89%)
My analysis
In the short term, we can see an acceleration in the bearish trend on STRONG - STRONG/USDT, which is a positive signal for sellers. As long as the price remains above 5.24 USDT, a sale could be considered. The first bearish objective is located at 4.25 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.90 USDT as an objective. Crossing it would then enable sellers to target 3.00 USDT. If the price were to return above 5.24 USDT, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.3
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
STRONG - STRONG/USDT rating 4.75 USDT. The price registered a decrease of -0.21% on the session and was between 4.60 USDT and 4.89 USDT. This implies that the price is at +3.26% from its lowest and at -2.86% from its highest.4.60
4.89
4.75
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of STRONG - STRONG/USDT indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.90 | 4.25 | 4.69 | 4.75 | 5.24 | 5.84 | 6.75 |
| Change (%) | -17.89% | -10.53% | -1.26% | - | +10.32% | +22.95% | +42.11% |
| Change | -0.85 | -0.50 | -0.06 | - | +0.49 | +1.09 | +2.00 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.29 | 4.50 | 4.63 | 4.84 | 4.97 | 5.18 | 5.31 |
| Camarilla | 4.67 | 4.70 | 4.73 | 4.76 | 4.79 | 4.82 | 4.85 |
| Woodie | 4.25 | 4.48 | 4.59 | 4.82 | 4.93 | 5.16 | 5.27 |
| Fibonacci | 4.50 | 4.63 | 4.71 | 4.84 | 4.97 | 5.05 | 5.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.69 | 1.78 | 3.13 | 5.60 | 6.95 | 9.42 | 10.77 |
| Camarilla | 3.44 | 3.79 | 4.14 | 4.49 | 4.84 | 5.19 | 5.54 |
| Woodie | -1.24 | 1.50 | 2.58 | 5.32 | 6.40 | 9.14 | 10.22 |
| Fibonacci | 1.78 | 3.24 | 4.14 | 5.60 | 7.06 | 7.96 | 9.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.44 | 1.83 | 3.45 | 5.72 | 7.34 | 9.61 | 11.23 |
| Camarilla | 4.01 | 4.37 | 4.72 | 5.08 | 5.44 | 5.79 | 6.15 |
| Woodie | -0.76 | 1.67 | 3.14 | 5.56 | 7.03 | 9.45 | 10.92 |
| Fibonacci | 1.83 | 3.31 | 4.23 | 5.72 | 7.20 | 8.12 | 9.61 |
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): | 45.97 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | 18.58 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 4.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.59 | |
| Elder Ray (13): | -0.17 | |
| Super Trend (3,10): | 4.19 | |
| Zig ZAG (10): | 4.75 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 18.69 | |
| TEMA (21): | 4.80 | |
| Williams %R (14): | -81.60 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | -9.5300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1500 | |
| Courbe Coppock: | 1.24 |
| MA7: | 4.91 | |
| MA20: | 4.95 | |
| MA50: | 5.12 | |
| MA100: | 4.90 | |
| MAexp7: | 4.84 | |
| MAexp20: | 4.96 | |
| MAexp50: | 5.00 | |
| MAexp100: | 4.88 | |
| Price / MA7: | -3.26% | |
| Price / MA20: | -4.04% | |
| Price / MA50: | -7.23% | |
| Price / MA100: | -3.06% | |
| Price / MAexp7: | -1.86% | |
| Price / MAexp20: | -4.23% | |
| Price / MAexp50: | -5.00% | |
| Price / MAexp100: | -2.66% |
Quotes :
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Real time data
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