INTERNET COMPUTER - ICP/USDT - Daily - Technical analysis published on 12/11/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 4.47 USDT
My targets
4.14 USDT (-5.91%)
3.63 USDT (-17.50%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 4.47 USDT remains possible. It is advisable to trade INTERNET COMPUTER - ICP/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 4.47 USDT. The next bearish objective for sellers is set at 4.14 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.63 USDT. PS: if there is a bullish break in the resistance located at 4.47 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.4
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Additional analysis
Quotes
INTERNET COMPUTER - ICP/USDT rating 4.40 USDT. The price has increased by +0.00% since the last closing and was traded between 4.40 USDT and 4.47 USDT over the period. The price is currently at 0% from its lowest and -1.57% from its highest.4.40
4.47
4.40
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily 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 bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.63 | 4.40 | 5.14 | 6.23 | 7.17 |
| Change (%) | -17.50% | - | +16.82% | +41.59% | +62.95% |
| Change | -0.77 | - | +0.74 | +1.83 | +2.77 |
| Level | Intermediate | - | 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 | 4.19 | 4.25 | 4.32 | 4.38 | 4.45 | 4.51 | 4.58 |
| Camarilla | 4.36 | 4.38 | 4.39 | 4.40 | 4.41 | 4.42 | 4.44 |
| Woodie | 4.21 | 4.25 | 4.34 | 4.38 | 4.47 | 4.51 | 4.60 |
| Fibonacci | 4.25 | 4.30 | 4.33 | 4.38 | 4.43 | 4.46 | 4.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.69 | 3.88 | 4.14 | 4.33 | 4.59 | 4.78 | 5.04 |
| Camarilla | 4.28 | 4.32 | 4.36 | 4.40 | 4.44 | 4.48 | 4.52 |
| Woodie | 3.73 | 3.90 | 4.18 | 4.35 | 4.63 | 4.80 | 5.08 |
| Fibonacci | 3.88 | 4.05 | 4.16 | 4.33 | 4.50 | 4.61 | 4.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.88 | 2.20 | 3.15 | 4.47 | 5.42 | 6.74 | 7.69 |
| Camarilla | 3.48 | 3.68 | 3.89 | 4.10 | 4.31 | 4.52 | 4.72 |
| Woodie | 0.70 | 2.11 | 2.97 | 4.38 | 5.24 | 6.65 | 7.51 |
| Fibonacci | 2.20 | 3.07 | 3.60 | 4.47 | 5.34 | 5.87 | 6.74 |
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): | 56.48 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 3.17 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 4.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.88 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 4.63 | |
| Zig ZAG (10): | 4.43 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 84.13 | |
| TEMA (21): | 4.43 | |
| Williams %R (14): | -12.13 | |
| Chande Momentum Oscillator (20): | 0.47 | |
| Repulse (5,40,3): | 2.3600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 23.72 |
| MA7: | 4.35 | |
| MA20: | 4.13 | |
| MA50: | 4.41 | |
| MA100: | 5.16 | |
| MAexp7: | 4.34 | |
| MAexp20: | 4.23 | |
| MAexp50: | 4.46 | |
| MAexp100: | 5.18 | |
| Price / MA7: | +1.15% | |
| Price / MA20: | +6.54% | |
| Price / MA50: | -0.23% | |
| Price / MA100: | -14.73% | |
| Price / MAexp7: | +1.38% | |
| Price / MAexp20: | +4.02% | |
| Price / MAexp50: | -1.35% | |
| Price / MAexp100: | -15.06% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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