INTERNET COMPUTER - ICP/USD - Daily - Technical analysis published on 11/08/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 4.56 USD
My targets
3.82 USD (-11.91%)
3.00 USD (-30.94%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on INTERNET COMPUTER - ICP/USD as long as the price remains well below 4.56 USD. The sellers' bearish objective is set at 3.82 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.00 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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This analysis was given by EpicHaxer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INTERNET COMPUTER - ICP/USD rating is 4.34 USD. On the day, this instrument lost -16.38% and was traded between 3.73 USD and 5.26 USD over the period. The price is currently at +16.35% from its lowest and -17.49% from its highest.3.73
5.26
4.34
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of INTERNET COMPUTER - ICP/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Daily
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:
Long black line
Type : Bearish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 4.34 | 5.16 | 6.22 | 7.18 |
| Change (%) | - | +18.89% | +43.32% | +65.44% |
| Change | - | +0.82 | +1.88 | +2.84 |
| Level | - | Intermediate | Intermediate | 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 | 4.70 | 4.86 | 5.02 | 5.18 | 5.34 | 5.50 | 5.66 |
| Camarilla | 5.10 | 5.13 | 5.16 | 5.19 | 5.22 | 5.25 | 5.28 |
| Woodie | 4.71 | 4.86 | 5.03 | 5.18 | 5.35 | 5.50 | 5.67 |
| Fibonacci | 4.86 | 4.98 | 5.05 | 5.18 | 5.30 | 5.37 | 5.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.09 | 4.48 | 5.02 | 5.41 | 5.95 | 6.34 | 6.88 |
| Camarilla | 5.30 | 5.39 | 5.48 | 5.56 | 5.65 | 5.73 | 5.82 |
| Woodie | 4.17 | 4.52 | 5.10 | 5.45 | 6.03 | 6.38 | 6.96 |
| Fibonacci | 4.48 | 4.84 | 5.06 | 5.41 | 5.77 | 5.99 | 6.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.00 | 3.82 | 4.56 | 5.38 | 6.12 | 6.94 | 7.68 |
| Camarilla | 4.86 | 5.00 | 5.15 | 5.29 | 5.43 | 5.58 | 5.72 |
| Woodie | 2.95 | 3.80 | 4.51 | 5.36 | 6.07 | 6.92 | 7.63 |
| Fibonacci | 3.82 | 4.42 | 4.79 | 5.38 | 5.98 | 6.35 | 6.94 |
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): | 32.87 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -25.20 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 5.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.78 | |
| Elder Ray (13): | -0.63 | |
| Super Trend (3,10): | 5.64 | |
| Zig ZAG (10): | 4.34 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 37.92 | |
| TEMA (21): | 5.12 | |
| Williams %R (14): | -70.53 | |
| Chande Momentum Oscillator (20): | -0.69 | |
| Repulse (5,40,3): | -21.3600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 7.05 |
| MA7: | 5.18 | |
| MA20: | 5.11 | |
| MA50: | 5.46 | |
| MA100: | 6.23 | |
| MAexp7: | 5.07 | |
| MAexp20: | 5.17 | |
| MAexp50: | 5.47 | |
| MAexp100: | 6.21 | |
| Price / MA7: | -16.22% | |
| Price / MA20: | -15.07% | |
| Price / MA50: | -20.51% | |
| Price / MA100: | -30.34% | |
| Price / MAexp7: | -14.40% | |
| Price / MAexp20: | -16.05% | |
| Price / MAexp50: | -20.66% | |
| Price / MAexp100: | -30.11% |
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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