INTERNET COMPUTER - ICP/USDT - Daily - Technical analysis published on 12/27/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 4.29 USDT
My targets
3.63 USDT (-5.47%)
My analysis
The bearish basic trend is very strong on INTERNET COMPUTER - ICP/USDT but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 4.29 USDT. Crossing the first support at 3.63 USDT would be a sign of a further potential price plummet. Caution, a return to above the resistance located at 4.29 USDT would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
4.1
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Additional analysis
Quotes
INTERNET COMPUTER - ICP/USDT rating 3.84 USDT. On the day, this instrument lost -0.52% and was traded between 3.83 USDT and 3.93 USDT over the period. The price is currently at +0.26% from its lowest and -2.29% from its highest.3.83
3.93
3.84
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of INTERNET COMPUTER - ICP/USDT in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 3.84 | 4.42 | 6.22 | 7.17 |
Change (%) | -5.47% | - | +15.10% | +61.98% | +86.72% |
Change | -0.21 | - | +0.58 | +2.38 | +3.33 |
Level | Major | - | Minor | Intermediate | 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 | 3.63 | 3.70 | 3.78 | 3.85 | 3.93 | 4.00 | 4.08 |
Camarilla | 3.82 | 3.83 | 3.85 | 3.86 | 3.87 | 3.89 | 3.90 |
Woodie | 3.64 | 3.70 | 3.79 | 3.85 | 3.94 | 4.00 | 4.09 |
Fibonacci | 3.70 | 3.76 | 3.79 | 3.85 | 3.91 | 3.94 | 4.00 |
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 | 1.60 | 2.56 | 3.33 | 4.29 | 5.06 | 6.02 | 6.79 |
Camarilla | 3.62 | 3.78 | 3.94 | 4.10 | 4.26 | 4.42 | 4.58 |
Woodie | 1.51 | 2.51 | 3.24 | 4.24 | 4.97 | 5.97 | 6.70 |
Fibonacci | 2.56 | 3.22 | 3.63 | 4.29 | 4.95 | 5.36 | 6.02 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 49.35 | |
MACD (12,26,9): | -0.1000 | |
Directional Movement: | -9.80 | |
AROON (14): | -42.86 | |
DEMA (21): | 3.72 | |
Parabolic SAR (0,02-0,02-0,2): | 3.39 | |
Elder Ray (13): | 0.08 | |
Super Trend (3,10): | 4.33 | |
Zig ZAG (10): | 3.88 | |
VORTEX (21): | 0.8900 | |
Stochastique (14,3,5): | 52.29 | |
TEMA (21): | 3.74 | |
Williams %R (14): | -37.23 | |
Chande Momentum Oscillator (20): | -0.03 | |
Repulse (5,40,3): | 3.6700 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.3900 | |
Courbe Coppock: | 17.25 |
MA7: | 3.77 | |
MA20: | 3.90 | |
MA50: | 3.96 | |
MA100: | 4.72 | |
MAexp7: | 3.80 | |
MAexp20: | 3.87 | |
MAexp50: | 4.14 | |
MAexp100: | 4.76 | |
Price / MA7: | +1.86% | |
Price / MA20: | -1.54% | |
Price / MA50: | -3.03% | |
Price / MA100: | -18.64% | |
Price / MAexp7: | +1.05% | |
Price / MAexp20: | -0.78% | |
Price / MAexp50: | -7.25% | |
Price / MAexp100: | -19.33% |
Quotes :
-
Real time data
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Cryptocompare
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About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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