INTERNET COMPUTER - ICP/USD - 1H - Technical analysis published on 12/13/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 13.25 USD
My targets
13.76 USD (+0.81%)
14.40 USD (+5.49%)
My analysis
The basic bullish trend is very strong on INTERNET COMPUTER - ICP/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 13.25 USD. Crossing the first resistance at 13.76 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 14.40 USD as an objective. Crossing it would then enable buyers to target 14.80 USD. Caution, a return to below 13.25 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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Additional analysis
Quotes
INTERNET COMPUTER - ICP/USD rating 13.65 USD. On the day, this instrument lost -0.15% with the lowest point at 13.14 USD and the highest point at 13.95 USD. The deviation from the price is +3.88% for the low point and -2.15% for the high point.13.14
13.95
13.65
Here is a more detailed summary of the historical variations registered by INTERNET COMPUTER - ICP/USD:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this INTERNET COMPUTER - ICP/USD chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
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 | 11.37 | 12.33 | 13.25 | 13.65 | 13.76 | 14.40 | 14.80 |
| Change (%) | -16.70% | -9.67% | -2.93% | - | +0.81% | +5.49% | +8.42% |
| Change | -2.28 | -1.32 | -0.40 | - | +0.11 | +0.75 | +1.15 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.78 | 12.37 | 13.02 | 13.61 | 14.26 | 14.85 | 15.50 |
| Camarilla | 13.33 | 13.44 | 13.56 | 13.67 | 13.78 | 13.90 | 14.01 |
| Woodie | 11.81 | 12.39 | 13.05 | 13.63 | 14.29 | 14.87 | 15.53 |
| Fibonacci | 12.37 | 12.84 | 13.14 | 13.61 | 14.08 | 14.38 | 14.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.86 | 10.40 | 12.54 | 14.08 | 16.22 | 17.76 | 19.90 |
| Camarilla | 13.68 | 14.02 | 14.35 | 14.69 | 15.03 | 15.37 | 15.70 |
| Woodie | 9.17 | 10.55 | 12.85 | 14.23 | 16.53 | 17.91 | 20.21 |
| Fibonacci | 10.40 | 11.80 | 12.67 | 14.08 | 15.48 | 16.35 | 17.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.60 | 4.71 | 8.58 | 10.69 | 14.56 | 16.67 | 20.54 |
| Camarilla | 10.80 | 11.34 | 11.89 | 12.44 | 12.99 | 13.54 | 14.09 |
| Woodie | 3.47 | 5.15 | 9.45 | 11.13 | 15.43 | 17.11 | 21.41 |
| Fibonacci | 4.71 | 7.00 | 8.41 | 10.69 | 12.98 | 14.39 | 16.67 |
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): | 49.87 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -3.46 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 13.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.62 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 13.11 | |
| Zig ZAG (10): | 13.54 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 51.04 | |
| TEMA (21): | 13.42 | |
| Williams %R (14): | -34.38 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | 2.2300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.25 |
| MA7: | 13.36 | |
| MA20: | 13.04 | |
| MA50: | 10.32 | |
| MA100: | 9.31 | |
| MAexp7: | 13.49 | |
| MAexp20: | 13.48 | |
| MAexp50: | 13.35 | |
| MAexp100: | 13.27 | |
| Price / MA7: | +2.17% | |
| Price / MA20: | +4.68% | |
| Price / MA50: | +32.27% | |
| Price / MA100: | +46.62% | |
| Price / MAexp7: | +1.19% | |
| Price / MAexp20: | +1.26% | |
| Price / MAexp50: | +2.25% | |
| Price / MAexp100: | +2.86% |
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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