INTERNET COMPUTER - ICP/USD - 1H - Technical analysis published on 04/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 18.40 USD
My targets
17.21 USD (-2.99%)
16.62 USD (-6.31%)
My analysis
INTERNET COMPUTER - ICP/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 18.40 USD. The next support located at 17.21 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 16.62 USD. Below this support, sellers could then target 14.40 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INTERNET COMPUTER - ICP/USD price is 17.74 USD. The price registered a decrease of -0.56% on the session with the lowest point at 17.48 USD and the highest point at 18.44 USD. The deviation from the price is +1.49% for the low point and -3.80% for the high point.17.48
18.44
17.74
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of INTERNET COMPUTER - ICP/USD in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 3 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.40 | 16.62 | 17.21 | 17.74 | 17.78 | 18.40 | 19.05 |
| Change (%) | -18.83% | -6.31% | -2.99% | - | +0.23% | +3.72% | +7.38% |
| Change | -3.34 | -1.12 | -0.53 | - | +0.04 | +0.66 | +1.31 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Major |
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 | 15.35 | 16.35 | 17.10 | 18.10 | 18.85 | 19.85 | 20.60 |
| Camarilla | 17.36 | 17.52 | 17.68 | 17.84 | 18.00 | 18.16 | 18.32 |
| Woodie | 15.22 | 16.29 | 16.97 | 18.04 | 18.72 | 19.79 | 20.47 |
| Fibonacci | 16.35 | 17.02 | 17.44 | 18.10 | 18.77 | 19.19 | 19.85 |
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 | 2.14 | 6.33 | 12.56 | 16.75 | 22.98 | 27.17 | 33.40 |
| Camarilla | 15.92 | 16.87 | 17.83 | 18.78 | 19.74 | 20.69 | 21.65 |
| Woodie | 3.15 | 6.84 | 13.57 | 17.26 | 23.99 | 27.68 | 34.41 |
| Fibonacci | 6.33 | 10.31 | 12.77 | 16.75 | 20.73 | 23.19 | 27.17 |
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): | 43.59 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -1.96 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 17.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.19 | |
| Elder Ray (13): | -0.17 | |
| Super Trend (3,10): | 17.52 | |
| Zig ZAG (10): | 17.70 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 15.31 | |
| TEMA (21): | 17.70 | |
| Williams %R (14): | -79.01 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | -1.1300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.94 |
| MA7: | 17.92 | |
| MA20: | 15.65 | |
| MA50: | 14.43 | |
| MA100: | 13.35 | |
| MAexp7: | 17.75 | |
| MAexp20: | 17.84 | |
| MAexp50: | 17.93 | |
| MAexp100: | 17.98 | |
| Price / MA7: | -1.00% | |
| Price / MA20: | +13.35% | |
| Price / MA50: | +22.94% | |
| Price / MA100: | +32.88% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.56% | |
| Price / MAexp50: | -1.06% | |
| Price / MAexp100: | -1.33% |
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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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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