INTERNET COMPUTER - ICP/USDT - Daily - Technical analysis published on 09/10/2023 (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
22%
67%
11%
My opinion
Bearish under 3.24 USDT
My targets
2.98 USDT (-5.10%)
2.62 USDT (-16.56%)
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 3.24 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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Additional analysis
Quotes
The INTERNET COMPUTER - ICP/USDT rating is 3.14 USDT. The price registered a decrease of -3.68% on the session and was traded between 3.09 USDT and 3.26 USDT over the period. The price is currently at +1.62% from its lowest and -3.68% from its highest.3.09
3.26
3.14
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:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this INTERNET COMPUTER - ICP/USDT chart shows a sharp bearish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 3.14 | 3.24 | 3.86 | 4.74 |
| Change (%) | - | +3.18% | +22.93% | +50.96% |
| Change | - | +0.10 | +0.72 | +1.60 |
| Level | - | Major | Major | 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 | 3.18 | 3.21 | 3.24 | 3.27 | 3.30 | 3.33 | 3.36 |
| Camarilla | 3.24 | 3.25 | 3.26 | 3.26 | 3.27 | 3.27 | 3.28 |
| Woodie | 3.17 | 3.21 | 3.23 | 3.27 | 3.29 | 3.33 | 3.35 |
| Fibonacci | 3.21 | 3.24 | 3.25 | 3.27 | 3.30 | 3.31 | 3.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.99 | 3.09 | 3.18 | 3.28 | 3.37 | 3.47 | 3.56 |
| Camarilla | 3.21 | 3.23 | 3.24 | 3.26 | 3.28 | 3.30 | 3.31 |
| Woodie | 2.98 | 3.09 | 3.17 | 3.28 | 3.36 | 3.47 | 3.55 |
| Fibonacci | 3.09 | 3.17 | 3.21 | 3.28 | 3.36 | 3.40 | 3.47 |
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): | 30.79 | |
| MACD (12,26,9): | -0.1400 | |
| Directional Movement: | -14.05 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 3.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.56 | |
| Elder Ray (13): | -0.16 | |
| Super Trend (3,10): | 3.58 | |
| Zig ZAG (10): | 3.14 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 13.54 | |
| TEMA (21): | 3.19 | |
| Williams %R (14): | -92.46 | |
| Chande Momentum Oscillator (20): | -0.51 | |
| Repulse (5,40,3): | -5.3900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5900 | |
| Courbe Coppock: | 14.90 |
| MA7: | 3.28 | |
| MA20: | 3.40 | |
| MA50: | 3.75 | |
| MA100: | 3.95 | |
| MAexp7: | 3.27 | |
| MAexp20: | 3.40 | |
| MAexp50: | 3.67 | |
| MAexp100: | 3.99 | |
| Price / MA7: | -4.27% | |
| Price / MA20: | -7.65% | |
| Price / MA50: | -16.27% | |
| Price / MA100: | -20.51% | |
| Price / MAexp7: | -3.98% | |
| Price / MAexp20: | -7.65% | |
| Price / MAexp50: | -14.44% | |
| Price / MAexp100: | -21.30% |
Quotes :
-
Real time data
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Cryptocompare
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