INTERNET COMPUTER - ICP/USD - 1H - Technical analysis published on 03/31/2024 (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:
Slightly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 18.50 USD
My targets
17.13 USD (-3.93%)
16.69 USD (-6.39%)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade INTERNET COMPUTER - ICP/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 18.50 USD. The next bearish objective for sellers is set at 17.13 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 16.69 USD. In case of crossing, the next objective would be the support located at 15.35 USD. In the event of a bullish break in the resistance located at 18.50 USD a certain indecision would take hold.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.8
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Additional analysis
Quotes
The INTERNET COMPUTER - ICP/USD rating is 17.83 USD. On the day, this instrument lost -0.34% and was between 17.56 USD and 18.18 USD. This implies that the price is at +1.54% from its lowest and at -1.93% from its highest.17.56
18.18
17.83
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by INTERNET COMPUTER - ICP/USD:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of INTERNET COMPUTER - ICP/USD in 1H shows an overall slightly bearish trend. 50.00% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
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 | 15.35 | 17.13 | 17.79 | 17.83 | 18.78 | 19.79 | 20.95 |
| Change (%) | -13.91% | -3.93% | -0.22% | - | +5.33% | +10.99% | +17.50% |
| Change | -2.48 | -0.70 | -0.04 | - | +0.95 | +1.96 | +3.12 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | 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 | 15.68 | 16.42 | 17.16 | 17.90 | 18.64 | 19.38 | 20.12 |
| Camarilla | 17.48 | 17.62 | 17.75 | 17.89 | 18.03 | 18.16 | 18.30 |
| Woodie | 15.67 | 16.42 | 17.15 | 17.90 | 18.63 | 19.38 | 20.11 |
| Fibonacci | 16.42 | 16.99 | 17.34 | 17.90 | 18.47 | 18.82 | 19.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.53 | 10.02 | 13.96 | 17.45 | 21.39 | 24.88 | 28.82 |
| Camarilla | 15.85 | 16.53 | 17.21 | 17.89 | 18.57 | 19.25 | 19.93 |
| Woodie | 6.75 | 10.13 | 14.18 | 17.56 | 21.61 | 24.99 | 29.04 |
| Fibonacci | 10.02 | 12.86 | 14.62 | 17.45 | 20.29 | 22.05 | 24.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.92 | 8.97 | 10.78 | 12.83 | 14.64 | 16.69 | 18.50 |
| Camarilla | 11.53 | 11.88 | 12.24 | 12.59 | 12.94 | 13.30 | 13.65 |
| Woodie | 6.80 | 8.91 | 10.66 | 12.77 | 14.52 | 16.63 | 18.38 |
| Fibonacci | 8.97 | 10.45 | 11.36 | 12.83 | 14.31 | 15.22 | 16.69 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.52 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 0.68 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 17.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.01 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 17.37 | |
| Zig ZAG (10): | 17.86 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 36.18 | |
| TEMA (21): | 17.86 | |
| Williams %R (14): | -68.48 | |
| Chande Momentum Oscillator (20): | -0.38 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 3.68 |
| MA7: | 18.02 | |
| MA20: | 14.84 | |
| MA50: | 14.04 | |
| MA100: | 13.01 | |
| MAexp7: | 17.87 | |
| MAexp20: | 17.93 | |
| MAexp50: | 17.91 | |
| MAexp100: | 17.77 | |
| Price / MA7: | -1.05% | |
| Price / MA20: | +20.15% | |
| Price / MA50: | +26.99% | |
| Price / MA100: | +37.05% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.56% | |
| Price / MAexp50: | -0.45% | |
| Price / MAexp100: | +0.34% |
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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