INTERNET COMPUTER - ICP/USD - 1H - Technical analysis published on 01/27/2025 (GMT)
- 90
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 8.92 USD
My targets
8.42 USD (-4.21%)
8.34 USD (-5.12%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on INTERNET COMPUTER - ICP/USD. As long as you are under the resistance located at 8.92 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 8.42 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 8.34 USD as an objective. Crossing it would then enable sellers to target 7.69 USD. If the resistance 8.92 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.4
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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 8.79 USD. The price registered a decrease of -0.11% on the session and was between 8.07 USD and 8.86 USD. This implies that the price is at +8.92% from its lowest and at -0.79% from its highest.8.07
8.86
8.79
Here is a more detailed summary of the historical variations registered by INTERNET COMPUTER - ICP/USD:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this INTERNET COMPUTER - ICP/USD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.95 | 7.69 | 8.34 | 8.79 | 8.92 | 9.48 | 9.83 |
| Change (%) | -20.93% | -12.51% | -5.12% | - | +1.48% | +7.85% | +11.83% |
| Change | -1.84 | -1.10 | -0.45 | - | +0.13 | +0.69 | +1.04 |
| Level | Major | Minor | Minor | - | Intermediate | Major | Major |
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 | 8.09 | 8.44 | 8.62 | 8.97 | 9.15 | 9.50 | 9.68 |
| Camarilla | 8.65 | 8.70 | 8.75 | 8.80 | 8.85 | 8.90 | 8.95 |
| Woodie | 8.01 | 8.40 | 8.54 | 8.93 | 9.07 | 9.46 | 9.60 |
| Fibonacci | 8.44 | 8.64 | 8.77 | 8.97 | 9.17 | 9.30 | 9.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.35 | 7.63 | 8.42 | 9.70 | 10.49 | 11.77 | 12.56 |
| Camarilla | 8.64 | 8.83 | 9.02 | 9.21 | 9.40 | 9.59 | 9.78 |
| Woodie | 6.11 | 7.51 | 8.18 | 9.58 | 10.25 | 11.65 | 12.32 |
| Fibonacci | 7.63 | 8.42 | 8.91 | 9.70 | 10.49 | 10.98 | 11.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.75 | 5.27 | 7.56 | 11.08 | 13.37 | 16.89 | 19.18 |
| Camarilla | 8.26 | 8.80 | 9.33 | 9.86 | 10.39 | 10.93 | 11.46 |
| Woodie | 1.15 | 4.96 | 6.96 | 10.77 | 12.77 | 16.58 | 18.58 |
| Fibonacci | 5.27 | 7.49 | 8.86 | 11.08 | 13.30 | 14.67 | 16.89 |
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): | 52.00 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | 0.64 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 8.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.15 | |
| Elder Ray (13): | 0.19 | |
| Super Trend (3,10): | 8.22 | |
| Zig ZAG (10): | 8.78 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 86.40 | |
| TEMA (21): | 8.47 | |
| Williams %R (14): | -10.53 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 2.8800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2800 | |
| Courbe Coppock: | 6.17 |
| MA7: | 9.15 | |
| MA20: | 9.98 | |
| MA50: | 10.84 | |
| MA100: | 10.34 | |
| MAexp7: | 8.61 | |
| MAexp20: | 8.66 | |
| MAexp50: | 8.86 | |
| MAexp100: | 9.07 | |
| Price / MA7: | -3.93% | |
| Price / MA20: | -11.92% | |
| Price / MA50: | -18.91% | |
| Price / MA100: | -14.99% | |
| Price / MAexp7: | +2.09% | |
| Price / MAexp20: | +1.50% | |
| Price / MAexp50: | -0.79% | |
| Price / MAexp100: | -3.09% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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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