INTERNET COMPUTER - ICP/USD - 1H - Technical analysis published on 01/03/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 10.72 USD
My targets
11.27 USD (+1.81%)
12.62 USD (+14.00%)
My analysis
The bullish trend is currently very strong on INTERNET COMPUTER - ICP/USD. As long as the price remains above the support at 10.72 USD, you could try to benefit from the boom. The first bullish objective is located at 11.27 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12.62 USD as an objective. Crossing it would then enable buyers to target 13.67 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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
8
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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 11.07 USD. On the day, this instrument gained +3.65% with the lowest point at 10.62 USD and the highest point at 11.21 USD. The deviation from the price is +4.24% for the low point and -1.25% for the high point.10.62
11.21
11.07
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of INTERNET COMPUTER - ICP/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.43 | 10.72 | 11.01 | 11.07 | 11.27 | 13.67 | 14.40 |
| Change (%) | -5.78% | -3.16% | -0.54% | - | +1.81% | +23.49% | +30.08% |
| Change | -0.64 | -0.35 | -0.06 | - | +0.20 | +2.60 | +3.33 |
| Level | Minor | Major | Minor | - | Minor | Minor | Minor |
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 | 10.05 | 10.25 | 10.47 | 10.67 | 10.89 | 11.09 | 11.31 |
| Camarilla | 10.57 | 10.60 | 10.64 | 10.68 | 10.72 | 10.76 | 10.80 |
| Woodie | 10.05 | 10.26 | 10.47 | 10.68 | 10.89 | 11.10 | 11.31 |
| Fibonacci | 10.25 | 10.41 | 10.51 | 10.67 | 10.83 | 10.93 | 11.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.65 | 8.64 | 9.64 | 10.63 | 11.63 | 12.62 | 13.62 |
| Camarilla | 10.09 | 10.28 | 10.46 | 10.64 | 10.82 | 11.01 | 11.19 |
| Woodie | 7.66 | 8.64 | 9.65 | 10.63 | 11.64 | 12.62 | 13.63 |
| Fibonacci | 8.64 | 9.40 | 9.87 | 10.63 | 11.39 | 11.86 | 12.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.39 | 4.59 | 7.22 | 11.42 | 14.05 | 18.25 | 20.88 |
| Camarilla | 7.98 | 8.61 | 9.23 | 9.86 | 10.49 | 11.11 | 11.74 |
| Woodie | -0.39 | 4.20 | 6.45 | 11.03 | 13.28 | 17.86 | 20.11 |
| Fibonacci | 4.59 | 7.20 | 8.81 | 11.42 | 14.03 | 15.64 | 18.25 |
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): | 62.60 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 13.84 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 10.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.57 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 10.42 | |
| Zig ZAG (10): | 10.86 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 76.51 | |
| TEMA (21): | 10.76 | |
| Williams %R (14): | -11.11 | |
| Chande Momentum Oscillator (20): | 0.21 | |
| Repulse (5,40,3): | 0.9800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 0.32 |
| MA7: | 10.38 | |
| MA20: | 10.80 | |
| MA50: | 11.52 | |
| MA100: | 9.87 | |
| MAexp7: | 10.75 | |
| MAexp20: | 10.69 | |
| MAexp50: | 10.52 | |
| MAexp100: | 10.40 | |
| Price / MA7: | +6.65% | |
| Price / MA20: | +2.50% | |
| Price / MA50: | -3.91% | |
| Price / MA100: | +12.16% | |
| Price / MAexp7: | +2.98% | |
| Price / MAexp20: | +3.55% | |
| Price / MAexp50: | +5.23% | |
| Price / MAexp100: | +6.44% |
Quotes :
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Real time data
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About author
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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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