INTERNET COMPUTER - ICP/USD - 1H - Technical analysis published on 02/17/2024 (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:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 13.24 USD
My targets
12.89 USD (-1.45%)
12.73 USD (-2.68%)
My analysis
All elements being rather 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 13.24 USD. The next bearish objective for sellers is set at 12.89 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 12.73 USD. If there is any crossing, the next objective would be the support located at 12.17 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INTERNET COMPUTER - ICP/USD price is 13.08 USD. The price is lower by -0.38% since the last closing and was between 12.69 USD and 13.48 USD. This implies that the price is at +3.07% from its lowest and at -2.97% from its highest.12.69
13.48
13.08
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of INTERNET COMPUTER - ICP/USD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.17 | 12.73 | 12.89 | 13.08 | 13.08 | 13.24 | 13.60 |
| Change (%) | -6.96% | -2.68% | -1.45% | 0% | - | +1.22% | +3.98% |
| Change | -0.91 | -0.35 | -0.19 | 0 | - | +0.16 | +0.52 |
| Level | Minor | Intermediate | Intermediate | Intermediate | - | Minor | 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 | 11.98 | 12.42 | 12.78 | 13.22 | 13.58 | 14.02 | 14.38 |
| Camarilla | 12.91 | 12.98 | 13.06 | 13.13 | 13.20 | 13.28 | 13.35 |
| Woodie | 11.93 | 12.40 | 12.73 | 13.20 | 13.53 | 14.00 | 14.33 |
| Fibonacci | 12.42 | 12.73 | 12.92 | 13.22 | 13.53 | 13.72 | 14.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.35 | 11.06 | 12.10 | 12.81 | 13.85 | 14.56 | 15.60 |
| Camarilla | 12.66 | 12.82 | 12.98 | 13.14 | 13.30 | 13.46 | 13.62 |
| Woodie | 10.52 | 11.14 | 12.27 | 12.89 | 14.02 | 14.64 | 15.77 |
| Fibonacci | 11.06 | 11.73 | 12.14 | 12.81 | 13.48 | 13.89 | 14.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.81 | 5.67 | 8.57 | 12.43 | 15.33 | 19.19 | 22.09 |
| Camarilla | 9.61 | 10.23 | 10.85 | 11.47 | 12.09 | 12.71 | 13.33 |
| Woodie | 1.33 | 5.43 | 8.09 | 12.19 | 14.85 | 18.95 | 21.61 |
| Fibonacci | 5.67 | 8.25 | 9.85 | 12.43 | 15.01 | 16.61 | 19.19 |
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): | 49.39 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -3.48 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 13.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.35 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 13.39 | |
| Zig ZAG (10): | 13.09 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 48.10 | |
| TEMA (21): | 13.02 | |
| Williams %R (14): | -51.90 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | 0.3600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 1.82 |
| MA7: | 13.21 | |
| MA20: | 12.65 | |
| MA50: | 12.51 | |
| MA100: | 9.35 | |
| MAexp7: | 13.06 | |
| MAexp20: | 13.11 | |
| MAexp50: | 13.20 | |
| MAexp100: | 13.22 | |
| Price / MA7: | -0.98% | |
| Price / MA20: | +3.40% | |
| Price / MA50: | +4.56% | |
| Price / MA100: | +39.89% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -0.91% | |
| Price / MAexp100: | -1.06% |
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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