INTERNET COMPUTER - ICP/USD - 1H - Technical analysis published on 04/28/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 6.02 USD
My targets
6.25 USD (+2.63%)
6.40 USD (+5.09%)
My analysis
The bullish trend is currently very strong on INTERNET COMPUTER - ICP/USD. As long as the price remains above the support at 6.02 USD, you could try to benefit from the boom. The first bullish objective is located at 6.25 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.40 USD as an objective. Crossing it would then enable buyers to target 6.81 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
INTERNET COMPUTER - ICP/USD rating 6.09 USD. The price has increased by +5.91% since the last closing and was between 5.67 USD and 6.16 USD. This implies that the price is at +7.41% from its lowest and at -1.14% from its highest.5.67
6.16
6.09
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by INTERNET COMPUTER - ICP/USD:
Technical
Technical analysis of INTERNET COMPUTER - ICP/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.
In fact, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.64 | 5.79 | 6.02 | 6.09 | 6.25 | 6.40 | 6.81 |
| Change (%) | -7.39% | -4.93% | -1.15% | - | +2.63% | +5.09% | +11.82% |
| Change | -0.45 | -0.30 | -0.07 | - | +0.16 | +0.31 | +0.72 |
| Level | Major | Major | Minor | - | 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 | 4.91 | 5.10 | 5.42 | 5.61 | 5.93 | 6.12 | 6.44 |
| Camarilla | 5.61 | 5.66 | 5.70 | 5.75 | 5.80 | 5.84 | 5.89 |
| Woodie | 4.99 | 5.13 | 5.50 | 5.64 | 6.01 | 6.15 | 6.52 |
| Fibonacci | 5.10 | 5.29 | 5.41 | 5.61 | 5.80 | 5.92 | 6.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.08 | 4.23 | 4.93 | 6.08 | 6.78 | 7.93 | 8.63 |
| Camarilla | 5.11 | 5.28 | 5.45 | 5.62 | 5.79 | 5.96 | 6.13 |
| Woodie | 2.85 | 4.12 | 4.70 | 5.97 | 6.55 | 7.82 | 8.40 |
| Fibonacci | 4.23 | 4.94 | 5.38 | 6.08 | 6.79 | 7.23 | 7.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.32 | 3.94 | 4.56 | 5.18 | 5.80 | 6.42 | 7.04 |
| Camarilla | 4.85 | 4.96 | 5.08 | 5.19 | 5.30 | 5.42 | 5.53 |
| Woodie | 3.33 | 3.94 | 4.57 | 5.18 | 5.81 | 6.42 | 7.05 |
| Fibonacci | 3.94 | 4.41 | 4.70 | 5.18 | 5.65 | 5.94 | 6.42 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 74.90 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 36.77 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 5.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.71 | |
| Elder Ray (13): | 0.22 | |
| Super Trend (3,10): | 5.77 | |
| Zig ZAG (10): | 6.06 | |
| VORTEX (21): | 1.3200 | |
| Stochastique (14,3,5): | 93.14 | |
| TEMA (21): | 5.97 | |
| Williams %R (14): | -2.44 | |
| Chande Momentum Oscillator (20): | 0.31 | |
| Repulse (5,40,3): | 4.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2300 | |
| Courbe Coppock: | 8.11 |
| MA7: | 5.58 | |
| MA20: | 5.67 | |
| MA50: | 5.33 | |
| MA100: | 5.60 | |
| MAexp7: | 5.92 | |
| MAexp20: | 5.76 | |
| MAexp50: | 5.62 | |
| MAexp100: | 5.58 | |
| Price / MA7: | +9.14% | |
| Price / MA20: | +7.41% | |
| Price / MA50: | +14.26% | |
| Price / MA100: | +8.75% | |
| Price / MAexp7: | +2.87% | |
| Price / MAexp20: | +5.73% | |
| Price / MAexp50: | +8.36% | |
| Price / MAexp100: | +9.14% |
Quotes :
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Real time data
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Cryptocompare
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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