INTERNET COMPUTER - ICP/USDT - 1H - Technical analysis published on 12/26/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 3.74 USDT
My targets
3.92 USDT (+1.03%)
3.98 USDT (+2.58%)
My analysis
INTERNET COMPUTER - ICP/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3.74 USDT. The next resistance located at 3.92 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.98 USDT. After this resistance, buyers could then target 4.42 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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Additional analysis
Quotes
The INTERNET COMPUTER - ICP/USDT price is 3.88 USDT. The price registered an increase of +2.92% on the session and was traded between 3.77 USDT and 3.92 USDT over the period. The price is currently at +2.92% from its lowest and -1.02% from its highest.3.77
3.92
3.88
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this INTERNET COMPUTER - ICP/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.63 | 3.68 | 3.74 | 3.88 | 3.92 | 3.98 | 4.42 |
| Change (%) | -6.44% | -5.15% | -3.61% | - | +1.03% | +2.58% | +13.92% |
| Change | -0.25 | -0.20 | -0.14 | - | +0.04 | +0.10 | +0.54 |
| Level | Major | Minor | Major | - | Minor | Minor | Minor |
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 | 3.64 | 3.67 | 3.72 | 3.75 | 3.80 | 3.83 | 3.88 |
| Camarilla | 3.75 | 3.76 | 3.76 | 3.77 | 3.78 | 3.79 | 3.79 |
| Woodie | 3.65 | 3.68 | 3.73 | 3.76 | 3.81 | 3.84 | 3.89 |
| Fibonacci | 3.67 | 3.70 | 3.72 | 3.75 | 3.78 | 3.80 | 3.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.09 | 3.23 | 3.49 | 3.63 | 3.89 | 4.03 | 4.29 |
| Camarilla | 3.63 | 3.67 | 3.70 | 3.74 | 3.78 | 3.81 | 3.85 |
| Woodie | 3.14 | 3.26 | 3.54 | 3.66 | 3.94 | 4.06 | 4.34 |
| Fibonacci | 3.23 | 3.39 | 3.48 | 3.63 | 3.79 | 3.88 | 4.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.52 | 2.52 | 3.31 | 4.31 | 5.10 | 6.10 | 6.89 |
| Camarilla | 3.61 | 3.77 | 3.94 | 4.10 | 4.26 | 4.43 | 4.59 |
| Woodie | 1.42 | 2.47 | 3.21 | 4.26 | 5.00 | 6.05 | 6.79 |
| Fibonacci | 2.52 | 3.20 | 3.63 | 4.31 | 4.99 | 5.42 | 6.10 |
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): | 60.33 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 21.31 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 3.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.92 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 3.80 | |
| Zig ZAG (10): | 3.87 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 62.61 | |
| TEMA (21): | 3.90 | |
| Williams %R (14): | -44.74 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | -0.2600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 3.91 |
| MA7: | 3.75 | |
| MA20: | 3.92 | |
| MA50: | 3.98 | |
| MA100: | 4.74 | |
| MAexp7: | 3.87 | |
| MAexp20: | 3.85 | |
| MAexp50: | 3.80 | |
| MAexp100: | 3.76 | |
| Price / MA7: | +3.47% | |
| Price / MA20: | -1.02% | |
| Price / MA50: | -2.51% | |
| Price / MA100: | -18.14% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.78% | |
| Price / MAexp50: | +2.11% | |
| Price / MAexp100: | +3.19% |
Quotes :
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Real time data
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