INTERNET COMPUTER - ICP/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	ICPUSD
ISIN:

INTERNET COMPUTER - ICP/USD - Daily - Technical analysis published on 11/14/2022 (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

11%

72%

17%

My opinion

Bearish under 4.56 USD

My targets

3.82 USD (-1.97%)

3.00 USD (-23.15%)

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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by EpicHaxer. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

INTERNET COMPUTER - ICP/USD rating 3.90 USD. The price registered a decrease of -1.27% on the session with the lowest point at 3.67 USD and the highest point at 4.10 USD. The deviation from the price is +6.27% for the low point and -4.88% for the high point.

3.67

4.10

3.90

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Technical

A technical analysis in Daily of this INTERNET COMPUTER - ICP/USD chart shows a sharp bearish trend. 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 does not detect any result on moving averages that would impact this trend.

The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	3.90	5.16	6.22	7.18
Change (%)	-	+32.31%	+59.49%	+84.10%
Change	-	+1.26	+2.32	+3.28
Level	-	Minor	Intermediate	Intermediate

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	3.27	3.47	3.71	3.91	4.15	4.35	4.59
Camarilla	3.83	3.87	3.91	3.95	3.99	4.03	4.07
Woodie	3.29	3.48	3.73	3.92	4.17	4.36	4.61
Fibonacci	3.47	3.64	3.74	3.91	4.08	4.18	4.35

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.86	2.18	2.99	4.31	5.12	6.44	7.25
Camarilla	3.22	3.42	3.62	3.81	4.01	4.20	4.40
Woodie	0.62	2.05	2.75	4.18	4.88	6.31	7.01
Fibonacci	2.18	2.99	3.49	4.31	5.12	5.62	6.44

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):	35.73
MACD (12,26,9):	-0.3800
Directional Movement:	-17.33
AROON (14):	-35.72
DEMA (21):	4.16
Parabolic SAR (0,02-0,02-0,2):	5.11
Elder Ray (13):	-0.52
Super Trend (3,10):	5.37
Zig ZAG (10):	3.88
VORTEX (21):	0.8900
Stochastique (14,3,5):	16.88
TEMA (21):	3.99
Williams %R (14):	-83.12
Chande Momentum Oscillator (20):	-1.06
Repulse (5,40,3):	-5.0000
ROCnROLL:	2
TRIX (15,9):	-0.6600
Courbe Coppock:	41.72

MA7:	3.99
MA20:	4.82
MA50:	5.21
MA100:	5.97
MAexp7:	4.13
MAexp20:	4.61
MAexp50:	5.14
MAexp100:	5.96
Price / MA7:	-2.26%
Price / MA20:	-19.09%
Price / MA50:	-25.14%
Price / MA100:	-34.67%
Price / MAexp7:	-5.57%
Price / MAexp20:	-15.40%
Price / MAexp50:	-24.12%
Price / MAexp100:	-34.56%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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