INTERNET COMPUTER - ICP/USD - 1H - Technical analysis published on 06/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 4.22 USD
My targets
4.13 USD (-1.20%)
3.82 USD (-8.61%)
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 4.22 USD. The next bearish objective for sellers is set at 4.13 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.82 USD. If there is any crossing, the next objective would be the support located at 3.50 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
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
4.3
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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 4.18 USD. The price registered a decrease of -0.24% on the session and was between 4.13 USD and 4.23 USD. This implies that the price is at +1.21% from its lowest and at -1.18% from its highest.4.13
4.23
4.18
Here is a more detailed summary of the historical variations registered by INTERNET COMPUTER - ICP/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of INTERNET COMPUTER - ICP/USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
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.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.50 | 3.82 | 4.13 | 4.18 | 4.22 | 4.36 | 4.63 |
| Change (%) | -16.27% | -8.61% | -1.20% | - | +0.96% | +4.31% | +10.77% |
| Change | -0.68 | -0.36 | -0.05 | - | +0.04 | +0.18 | +0.45 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | 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 | 3.78 | 3.96 | 4.07 | 4.25 | 4.36 | 4.54 | 4.65 |
| Camarilla | 4.11 | 4.14 | 4.16 | 4.19 | 4.22 | 4.24 | 4.27 |
| Woodie | 3.76 | 3.94 | 4.05 | 4.23 | 4.34 | 4.52 | 4.63 |
| Fibonacci | 3.96 | 4.07 | 4.14 | 4.25 | 4.36 | 4.43 | 4.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.05 | 4.30 | 4.55 | 4.80 | 5.05 | 5.30 | 5.55 |
| Camarilla | 4.66 | 4.71 | 4.75 | 4.80 | 4.85 | 4.89 | 4.94 |
| Woodie | 4.05 | 4.30 | 4.55 | 4.80 | 5.05 | 5.30 | 5.55 |
| Fibonacci | 4.30 | 4.49 | 4.61 | 4.80 | 4.99 | 5.11 | 5.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.20 | 3.41 | 4.05 | 5.26 | 5.90 | 7.11 | 7.75 |
| Camarilla | 4.17 | 4.34 | 4.51 | 4.68 | 4.85 | 5.02 | 5.19 |
| Woodie | 1.91 | 3.27 | 3.76 | 5.12 | 5.61 | 6.97 | 7.46 |
| Fibonacci | 3.41 | 4.12 | 4.56 | 5.26 | 5.97 | 6.41 | 7.11 |
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): | 47.53 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -4.14 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 4.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.15 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 4.29 | |
| Zig ZAG (10): | 4.18 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 46.67 | |
| TEMA (21): | 4.18 | |
| Williams %R (14): | -40.00 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | 0.3400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 0.40 |
| MA7: | 4.51 | |
| MA20: | 4.77 | |
| MA50: | 5.24 | |
| MA100: | 5.27 | |
| MAexp7: | 4.18 | |
| MAexp20: | 4.19 | |
| MAexp50: | 4.25 | |
| MAexp100: | 4.36 | |
| Price / MA7: | -7.32% | |
| Price / MA20: | -12.37% | |
| Price / MA50: | -20.23% | |
| Price / MA100: | -20.68% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -1.65% | |
| Price / MAexp100: | -4.13% |
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.
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