INTERNET COMPUTER - ICP/USD - 1H - Technical analysis published on 11/17/2024 (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:
Bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 9.05 USD
My targets
9.48 USD (+3.27%)
9.87 USD (+7.52%)
My analysis
The basic trend is bullish on INTERNET COMPUTER - ICP/USD and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 9.05 USD. Sellers would then use the next support located at 8.73 USD as an objective. Crossing it would then enable sellers to target 8.34 USD. If there is a return to above the resistance located at 9.48 USD, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 9.87 USD and 10.72 USD by extension.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
0.7
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Additional analysis
Quotes
INTERNET COMPUTER - ICP/USD rating 9.18 USD. On the day, this instrument lost -0.65% and was traded between 8.89 USD and 10.15 USD over the period. The price is currently at +3.26% from its lowest and -9.56% from its highest.8.89
10.15
9.18
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of INTERNET COMPUTER - ICP/USD in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
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 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.34 | 8.73 | 9.05 | 9.18 | 9.48 | 9.87 | 10.72 |
| Change (%) | -9.15% | -4.90% | -1.42% | - | +3.27% | +7.52% | +16.78% |
| Change | -0.84 | -0.45 | -0.13 | - | +0.30 | +0.69 | +1.54 |
| Level | Intermediate | Intermediate | 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 | 7.80 | 8.21 | 8.72 | 9.13 | 9.64 | 10.05 | 10.56 |
| Camarilla | 8.99 | 9.07 | 9.16 | 9.24 | 9.32 | 9.41 | 9.49 |
| Woodie | 7.86 | 8.24 | 8.78 | 9.16 | 9.70 | 10.08 | 10.62 |
| Fibonacci | 8.21 | 8.56 | 8.78 | 9.13 | 9.48 | 9.70 | 10.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.25 | 7.04 | 8.14 | 8.93 | 10.03 | 10.82 | 11.92 |
| Camarilla | 8.72 | 8.89 | 9.07 | 9.24 | 9.41 | 9.59 | 9.76 |
| Woodie | 6.41 | 7.12 | 8.30 | 9.01 | 10.19 | 10.90 | 12.08 |
| Fibonacci | 7.04 | 7.76 | 8.21 | 8.93 | 9.65 | 10.10 | 10.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.02 | 6.22 | 7.03 | 8.23 | 9.04 | 10.24 | 11.05 |
| Camarilla | 7.30 | 7.48 | 7.67 | 7.85 | 8.03 | 8.22 | 8.40 |
| Woodie | 4.84 | 6.12 | 6.85 | 8.13 | 8.86 | 10.14 | 10.87 |
| Fibonacci | 6.22 | 6.98 | 7.46 | 8.23 | 8.99 | 9.47 | 10.24 |
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): | 49.86 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 4.48 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 9.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.16 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 9.05 | |
| Zig ZAG (10): | 9.37 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 23.07 | |
| TEMA (21): | 9.45 | |
| Williams %R (14): | -83.16 | |
| Chande Momentum Oscillator (20): | -0.68 | |
| Repulse (5,40,3): | 0.2600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 1.39 |
| MA7: | 8.87 | |
| MA20: | 8.25 | |
| MA50: | 8.18 | |
| MA100: | 8.07 | |
| MAexp7: | 9.41 | |
| MAexp20: | 9.43 | |
| MAexp50: | 9.19 | |
| MAexp100: | 8.95 | |
| Price / MA7: | +3.49% | |
| Price / MA20: | +11.27% | |
| Price / MA50: | +12.22% | |
| Price / MA100: | +13.75% | |
| Price / MAexp7: | -2.76% | |
| Price / MAexp20: | -2.97% | |
| Price / MAexp50: | -0.44% | |
| Price / MAexp100: | +2.23% |
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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