INTERNET COMPUTER - ICP/USDT - Daily - Technical analysis published on 12/12/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 4.47 USDT
My targets
3.63 USDT (-13.37%)
My analysis
With a strongly bearish trend, the price of INTERNET COMPUTER - ICP/USDT is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 4.47 USDT remains possible. It would be possible for traders to only trade short positions (for sale) on INTERNET COMPUTER - ICP/USDT as long as the price remains well below 4.47 USDT. The next bearish objective for sellers is set at 3.63 USDT. A bearish break of this support would revive the bearish momentum.
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
3.4
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Additional analysis
Quotes
INTERNET COMPUTER - ICP/USDT rating 4.19 USDT. The price is lower by -0.71% since the last closing and was traded between 4.09 USDT and 4.23 USDT over the period. The price is currently at +2.44% from its lowest and -0.95% from its highest.4.09
4.23
4.19
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:
Technical
Technical analysis of this Daily chart of INTERNET COMPUTER - ICP/USDT indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the global trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 7 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of triangle is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.63 | 4.19 | 5.14 | 6.23 | 7.17 |
| Change (%) | -13.37% | - | +22.67% | +48.69% | +71.12% |
| Change | -0.56 | - | +0.95 | +2.04 | +2.98 |
| Level | Intermediate | - | Minor | Intermediate | 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 | 3.87 | 4.04 | 4.13 | 4.30 | 4.39 | 4.56 | 4.65 |
| Camarilla | 4.15 | 4.17 | 4.20 | 4.22 | 4.24 | 4.27 | 4.29 |
| Woodie | 3.83 | 4.02 | 4.09 | 4.28 | 4.35 | 4.54 | 4.61 |
| Fibonacci | 4.04 | 4.14 | 4.20 | 4.30 | 4.40 | 4.46 | 4.56 |
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): | 48.39 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -4.31 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 4.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.91 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 4.63 | |
| Zig ZAG (10): | 4.18 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 65.32 | |
| TEMA (21): | 4.35 | |
| Williams %R (14): | -48.71 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | -3.1500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 19.37 |
| MA7: | 4.29 | |
| MA20: | 4.14 | |
| MA50: | 4.39 | |
| MA100: | 5.14 | |
| MAexp7: | 4.26 | |
| MAexp20: | 4.21 | |
| MAexp50: | 4.44 | |
| MAexp100: | 5.15 | |
| Price / MA7: | -2.33% | |
| Price / MA20: | +1.21% | |
| Price / MA50: | -4.56% | |
| Price / MA100: | -18.48% | |
| Price / MAexp7: | -1.64% | |
| Price / MAexp20: | -0.48% | |
| Price / MAexp50: | -5.63% | |
| Price / MAexp100: | -18.64% |
Quotes :
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Real time data
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Cryptocompare
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