INTERNET COMPUTER - ICP/USDT - 1H - Technical analysis published on 11/21/2022 (GMT)
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- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 3.74 USDT
My targets
3.49 USDT (-5.42%)
3.31 USDT (-10.30%)
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/USDT. As long as you are under the resistance located at 3.74 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 3.49 USDT 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 3.31 USDT as an objective. If the resistance 3.74 USDT 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
1.1
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Additional analysis
Quotes
INTERNET COMPUTER - ICP/USDT rating 3.69 USDT. The price has increased by +2.22% since the last closing and was traded between 3.52 USDT and 3.69 USDT over the period. The price is currently at +4.83% from its lowest and 0% from its highest.3.52
3.69
3.69
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by INTERNET COMPUTER - ICP/USDT:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this INTERNET COMPUTER - ICP/USDT chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.67 | 3.69 | 3.74 | 3.80 | 3.87 |
| Change (%) | -0.54% | - | +1.36% | +2.98% | +4.88% |
| Change | -0.02 | - | +0.05 | +0.11 | +0.18 |
| Level | Major | - | Major | Minor | Intermediate |
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 | 2.99 | 3.30 | 3.45 | 3.76 | 3.91 | 4.22 | 4.37 |
| Camarilla | 3.48 | 3.53 | 3.57 | 3.61 | 3.65 | 3.69 | 3.74 |
| Woodie | 2.92 | 3.26 | 3.38 | 3.72 | 3.84 | 4.18 | 4.30 |
| Fibonacci | 3.30 | 3.47 | 3.58 | 3.76 | 3.93 | 4.04 | 4.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.31 | 3.49 | 3.73 | 3.91 | 4.15 | 4.33 | 4.57 |
| Camarilla | 3.86 | 3.89 | 3.93 | 3.97 | 4.01 | 4.05 | 4.09 |
| Woodie | 3.34 | 3.51 | 3.76 | 3.93 | 4.18 | 4.35 | 4.60 |
| Fibonacci | 3.49 | 3.65 | 3.75 | 3.91 | 4.07 | 4.17 | 4.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.98 | 3.81 | 4.55 | 5.38 | 6.12 | 6.95 | 7.69 |
| Camarilla | 4.86 | 5.00 | 5.15 | 5.29 | 5.43 | 5.58 | 5.72 |
| Woodie | 2.94 | 3.79 | 4.51 | 5.36 | 6.08 | 6.93 | 7.65 |
| Fibonacci | 3.81 | 4.41 | 4.78 | 5.38 | 5.98 | 6.35 | 6.95 |
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): | 46.67 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -1.41 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 3.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.53 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 3.75 | |
| Zig ZAG (10): | 3.68 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 66.36 | |
| TEMA (21): | 3.60 | |
| Williams %R (14): | -10.00 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | 1.0700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2500 | |
| Courbe Coppock: | 4.72 |
| MA7: | 3.82 | |
| MA20: | 4.33 | |
| MA50: | 4.89 | |
| MA100: | 5.67 | |
| MAexp7: | 3.65 | |
| MAexp20: | 3.68 | |
| MAexp50: | 3.76 | |
| MAexp100: | 3.81 | |
| Price / MA7: | -3.40% | |
| Price / MA20: | -14.78% | |
| Price / MA50: | -24.54% | |
| Price / MA100: | -34.92% | |
| Price / MAexp7: | +1.10% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | -1.86% | |
| Price / MAexp100: | -3.15% |
Quotes :
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Real time data
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Cryptocompare
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