INTERNET COMPUTER - ICP/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	ICPUSDT
ISIN:

INTERNET COMPUTER - ICP/USDT - Daily - Technical analysis published on 04/30/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

78%

My opinion

Bearish under 14.60 USDT

My targets

11.80 USDT (-13.66%)

8.26 USDT (-39.60%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on INTERNET COMPUTER - ICP/USDT as long as the price remains well below 14.60 USDT. The sellers' bearish objective is set at 11.80 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.26 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

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.

This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

INTERNET COMPUTER - ICP/USDT rating 13.67 USDT. On the day, this instrument lost -3.39% and was between 13.54 USDT and 14.35 USDT. This implies that the price is at +0.96% from its lowest and at -4.74% from its highest.

13.54

14.35

13.67

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of INTERNET COMPUTER - ICP/USDT in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Three black crows

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	13.67	15.92	36.11	48.73
Change (%)	-	+16.46%	+164.16%	+256.47%
Change	-	+2.25	+22.44	+35.06
Level	-	Minor	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.03	12.89	13.52	14.38	15.01	15.87	16.50
Camarilla	13.74	13.88	14.01	14.15	14.29	14.42	14.56
Woodie	11.92	12.83	13.41	14.32	14.90	15.81	16.39
Fibonacci	12.89	13.46	13.81	14.38	14.95	15.30	15.87

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.41	14.60	15.53	16.72	17.65	18.84	19.77
Camarilla	15.89	16.08	16.28	16.47	16.66	16.86	17.05
Woodie	13.29	14.54	15.41	16.66	17.53	18.78	19.65
Fibonacci	14.60	15.41	15.91	16.72	17.53	18.03	18.84

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.26	11.80	16.40	19.94	24.54	28.08	32.68
Camarilla	18.75	19.50	20.24	20.99	21.74	22.48	23.23
Woodie	8.78	12.07	16.92	20.21	25.06	28.35	33.20
Fibonacci	11.80	14.91	16.83	19.94	23.05	24.97	28.08

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	30.06
MACD (12,26,9):	-1.0800
Directional Movement:	-17.47
AROON (14):	-92.86
DEMA (21):	14.90
Parabolic SAR (0,02-0,02-0,2):	15.78
Elder Ray (13):	-1.65
Super Trend (3,10):	17.37
Zig ZAG (10):	13.62
VORTEX (21):	0.8200
Stochastique (14,3,5):	9.03
TEMA (21):	14.25
Williams %R (14):	-100.00
Chande Momentum Oscillator (20):	-3.43
Repulse (5,40,3):	-14.2500
ROCnROLL:	2
TRIX (15,9):	-0.6900
Courbe Coppock:	23.03

MA7:	15.08
MA20:	16.17
MA50:	17.83
MA100:	18.78
MAexp7:	14.91
MAexp20:	16.19
MAexp50:	17.65
MAexp100:	20.58
Price / MA7:	-9.35%
Price / MA20:	-15.46%
Price / MA50:	-23.33%
Price / MA100:	-27.21%
Price / MAexp7:	-8.32%
Price / MAexp20:	-15.57%
Price / MAexp50:	-22.55%
Price / MAexp100:	-33.58%

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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