THE SANDBOX - SAND/USD - 1H - Technical analysis published on 06/16/2024 (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:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 0.389167 USD
My targets
0.370462 USD (-3.40%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.389167 USD remains possible. It is advisable to trade THE SANDBOX - SAND/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.389167 USD. The next bearish objective for sellers is set at 0.370462 USD. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 0.389167 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.6
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Additional analysis
Quotes
THE SANDBOX - SAND/USD rating 0.383504 USD. The price registered a decrease of -0.11% on the session and was traded between 0.379014 USD and 0.386032 USD over the period. The price is currently at +1.18% from its lowest and -0.65% from its highest.0.379014
0.386032
0.383504
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of THE SANDBOX - SAND/USD in 1H shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 1
Type : Neutral
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 bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.370462 | 0.383504 | 0.389167 | 0.404831 | 0.417075 |
| Change (%) | -3.40% | - | +1.48% | +5.56% | +8.75% |
| Change | -0.013042 | - | +0.005663 | +0.021327 | +0.033571 |
| Level | Intermediate | - | Intermediate | Major | 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 | 0.369207 | 0.373013 | 0.378466 | 0.382272 | 0.387725 | 0.391531 | 0.396984 |
| Camarilla | 0.381373 | 0.382222 | 0.383070 | 0.383919 | 0.384768 | 0.385617 | 0.386465 |
| Woodie | 0.370031 | 0.373425 | 0.379290 | 0.382684 | 0.388549 | 0.391943 | 0.397808 |
| Fibonacci | 0.373013 | 0.376550 | 0.378735 | 0.382272 | 0.385809 | 0.387994 | 0.391531 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.306496 | 0.338479 | 0.361199 | 0.393182 | 0.415902 | 0.447885 | 0.470605 |
| Camarilla | 0.368876 | 0.373890 | 0.378905 | 0.383919 | 0.388933 | 0.393948 | 0.398962 |
| Woodie | 0.301865 | 0.336163 | 0.356568 | 0.390866 | 0.411271 | 0.445569 | 0.465974 |
| Fibonacci | 0.338479 | 0.359376 | 0.372286 | 0.393182 | 0.414079 | 0.426989 | 0.447885 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.315249 | 0.355559 | 0.393583 | 0.433893 | 0.471917 | 0.512227 | 0.550251 |
| Camarilla | 0.410066 | 0.417247 | 0.424427 | 0.431608 | 0.438789 | 0.445969 | 0.453150 |
| Woodie | 0.314107 | 0.354988 | 0.392441 | 0.433322 | 0.470775 | 0.511656 | 0.549109 |
| Fibonacci | 0.355559 | 0.385482 | 0.403969 | 0.433893 | 0.463816 | 0.482303 | 0.512227 |
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): | 49.63 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 2.316627 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.383298 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.380512 | |
| Elder Ray (13): | -0.000434 | |
| Super Trend (3,10): | 0.387015 | |
| Zig ZAG (10): | 0.383124 | |
| VORTEX (21): | 0.9837 | |
| Stochastique (14,3,5): | 70.74 | |
| TEMA (21): | 0.384306 | |
| Williams %R (14): | -38.64 | |
| Chande Momentum Oscillator (20): | -0.000369 | |
| Repulse (5,40,3): | 0.0682 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0043 | |
| Courbe Coppock: | 0.34 |
| MA7: | 0.393603 | |
| MA20: | 0.425918 | |
| MA50: | 0.433971 | |
| MA100: | 0.517407 | |
| MAexp7: | 0.383653 | |
| MAexp20: | 0.383363 | |
| MAexp50: | 0.384925 | |
| MAexp100: | 0.391133 | |
| Price / MA7: | -2.57% | |
| Price / MA20: | -9.96% | |
| Price / MA50: | -11.63% | |
| Price / MA100: | -25.88% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | -0.37% | |
| Price / MAexp100: | -1.95% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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