INTERNET COMPUTER - ICP/USD

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Type:	Cryptocurrencies
Ticker:	ICPUSD
ISIN:

INTERNET COMPUTER - ICP/USD - 1H - Technical analysis published on 01/16/2025 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 10.87 USD

My targets

11.20 USD (+1.82%)

12.05 USD (+9.52%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on INTERNET COMPUTER - ICP/USD as long as the price remains well above 10.87 USD. The buyers' bullish objective is set at 11.20 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.05 USD. If there is any crossing, the next objective would be the resistance located at 12.39 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.9

Comment on the analysis

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.

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Additional analysis

Quotes

The INTERNET COMPUTER - ICP/USD rating is 11.00 USD. On the day, this instrument lost -0.27% and was traded between 10.44 USD and 11.20 USD over the period. The price is currently at +5.36% from its lowest and -1.79% from its highest.

10.44

11.20

11.00

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:

Technical

A technical analysis in 1H of this INTERNET COMPUTER - ICP/USD chart shows a strongly bullish trend. 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.06	10.58	10.87	11.00	11.20	12.39	13.67
Change (%)	-8.55%	-3.82%	-1.18%	-	+1.82%	+12.64%	+24.27%
Change	-0.94	-0.42	-0.13	-	+0.20	+1.39	+2.67
Level	Intermediate	Intermediate	Major	-	Minor	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	9.31	9.66	10.35	10.70	11.39	11.74	12.43
Camarilla	10.74	10.84	10.94	11.03	11.13	11.22	11.32
Woodie	9.47	9.75	10.51	10.79	11.55	11.83	12.59
Fibonacci	9.66	10.06	10.31	10.70	11.10	11.35	11.74

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.83	8.39	9.44	11.00	12.05	13.61	14.66
Camarilla	9.76	10.00	10.24	10.48	10.72	10.96	11.20
Woodie	6.57	8.26	9.18	10.87	11.79	13.48	14.40
Fibonacci	8.39	9.39	10.01	11.00	12.00	12.62	13.61

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.62
MACD (12,26,9):	0.0900
Directional Movement:	6.26
AROON (14):	35.72
DEMA (21):	10.89
Parabolic SAR (0,02-0,02-0,2):	10.56
Elder Ray (13):	0.11
Super Trend (3,10):	10.43
Zig ZAG (10):	10.92
VORTEX (21):	1.0300
Stochastique (14,3,5):	63.16
TEMA (21):	10.87
Williams %R (14):	-38.16
Chande Momentum Oscillator (20):	0.24
Repulse (5,40,3):	0.9400
ROCnROLL:	1
TRIX (15,9):	0.1100
Courbe Coppock:	1.41

MA7:	10.43
MA20:	10.79
MA50:	11.74
MA100:	10.17
MAexp7:	10.87
MAexp20:	10.76
MAexp50:	10.57
MAexp100:	10.45
Price / MA7:	+5.47%
Price / MA20:	+1.95%
Price / MA50:	-6.30%
Price / MA100:	+8.16%
Price / MAexp7:	+1.20%
Price / MAexp20:	+2.23%
Price / MAexp50:	+4.07%
Price / MAexp100:	+5.26%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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