INTERNET COMPUTER - ICP/USDT - Daily - Technical analysis published on 09/06/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 3.63 USDT
My targets
2.98 USDT (-10.24%)
2.62 USDT (-21.08%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on INTERNET COMPUTER - ICP/USDT as long as the price remains well below 3.63 USDT. The sellers' bearish objective is set at 2.98 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.62 USDT. In case of crossing, the next objective would be the support located at 1.97 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by yotta. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INTERNET COMPUTER - ICP/USDT price is 3.32 USDT. On the day, this instrument gained +0.91% and was traded between 3.28 USDT and 3.35 USDT over the period. The price is currently at +1.22% from its lowest and -0.90% from its highest.3.28
3.35
3.32
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:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of INTERNET COMPUTER - ICP/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 4 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
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
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 3.32 | 3.86 | 4.78 | 5.35 |
| Change (%) | - | +16.27% | +43.98% | +61.14% |
| Change | - | +0.54 | +1.46 | +2.03 |
| Level | - | Major | Minor | 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 | 3.20 | 3.23 | 3.26 | 3.29 | 3.32 | 3.35 | 3.38 |
| Camarilla | 3.27 | 3.28 | 3.29 | 3.29 | 3.30 | 3.30 | 3.31 |
| Woodie | 3.20 | 3.23 | 3.26 | 3.29 | 3.32 | 3.35 | 3.38 |
| Fibonacci | 3.23 | 3.25 | 3.27 | 3.29 | 3.31 | 3.33 | 3.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.50 | 2.84 | 3.05 | 3.39 | 3.60 | 3.94 | 4.15 |
| Camarilla | 3.10 | 3.15 | 3.20 | 3.25 | 3.30 | 3.35 | 3.40 |
| Woodie | 2.43 | 2.81 | 2.98 | 3.36 | 3.53 | 3.91 | 4.08 |
| Fibonacci | 2.84 | 3.05 | 3.18 | 3.39 | 3.60 | 3.73 | 3.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.97 | 2.62 | 2.98 | 3.63 | 3.99 | 4.64 | 5.00 |
| Camarilla | 3.06 | 3.16 | 3.25 | 3.34 | 3.43 | 3.53 | 3.62 |
| Woodie | 1.83 | 2.55 | 2.84 | 3.56 | 3.85 | 4.57 | 4.86 |
| Fibonacci | 2.62 | 3.01 | 3.24 | 3.63 | 4.02 | 4.25 | 4.64 |
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): | 36.74 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | -5.43 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 3.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.63 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 3.73 | |
| Zig ZAG (10): | 3.32 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 19.21 | |
| TEMA (21): | 3.23 | |
| Williams %R (14): | -76.00 | |
| Chande Momentum Oscillator (20): | -0.20 | |
| Repulse (5,40,3): | 0.4200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6200 | |
| Courbe Coppock: | 13.05 |
| MA7: | 3.28 | |
| MA20: | 3.45 | |
| MA50: | 3.82 | |
| MA100: | 4.01 | |
| MAexp7: | 3.32 | |
| MAexp20: | 3.47 | |
| MAexp50: | 3.73 | |
| MAexp100: | 4.04 | |
| Price / MA7: | +1.22% | |
| Price / MA20: | -3.77% | |
| Price / MA50: | -13.09% | |
| Price / MA100: | -17.21% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -4.32% | |
| Price / MAexp50: | -10.99% | |
| Price / MAexp100: | -17.82% |
Quotes :
-
Real time data
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Cryptocompare
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