INTERNET COMPUTER - ICP/USDT - 15 min. - Technical analysis published on 02/01/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 11.58 USDT
My targets
11.18 USDT (-2.25%)
10.90 USDT (-4.75%)
My analysis
In the short term, we can see an acceleration in the bearish trend on INTERNET COMPUTER - ICP/USDT, which is a positive signal for sellers. As long as the price remains above 11.58 USDT, a sale could be considered. The first bearish objective is located at 11.18 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 10.90 USDT as an objective. Crossing it would then enable sellers to target 10.50 USDT. If the price were to return above 11.58 USDT, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.3
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Additional analysis
Quotes
INTERNET COMPUTER - ICP/USDT rating 11.44 USDT. The price registered a decrease of -0.26% on the session with the lowest point at 11.25 USDT and the highest point at 11.84 USDT. The deviation from the price is +1.69% for the low point and -3.38% for the high point.11.25
11.84
11.44
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of INTERNET COMPUTER - ICP/USDT in 15 min. shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.48 | 10.97 | 11.37 | 11.44 | 12.23 | 12.63 | 12.99 |
| Change (%) | -8.39% | -4.11% | -0.61% | - | +6.91% | +10.40% | +13.55% |
| Change | -0.96 | -0.47 | -0.07 | - | +0.79 | +1.19 | +1.55 |
| Level | Major | Major | Minor | - | Intermediate | 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 | 10.50 | 10.90 | 11.18 | 11.58 | 11.86 | 12.26 | 12.54 |
| Camarilla | 11.28 | 11.35 | 11.41 | 11.47 | 11.53 | 11.60 | 11.66 |
| Woodie | 10.45 | 10.87 | 11.13 | 11.55 | 11.81 | 12.23 | 12.49 |
| Fibonacci | 10.90 | 11.16 | 11.32 | 11.58 | 11.84 | 12.00 | 12.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.04 | 8.29 | 10.50 | 11.75 | 13.96 | 15.21 | 17.42 |
| Camarilla | 11.77 | 12.09 | 12.40 | 12.72 | 13.04 | 13.35 | 13.67 |
| Woodie | 7.53 | 8.53 | 10.99 | 11.99 | 14.45 | 15.45 | 17.91 |
| Fibonacci | 8.29 | 9.61 | 10.43 | 11.75 | 13.07 | 13.89 | 15.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.81 | 5.67 | 8.57 | 12.43 | 15.33 | 19.19 | 22.09 |
| Camarilla | 9.61 | 10.23 | 10.85 | 11.47 | 12.09 | 12.71 | 13.33 |
| Woodie | 1.33 | 5.43 | 8.09 | 12.19 | 14.85 | 18.95 | 21.61 |
| Fibonacci | 5.67 | 8.25 | 9.85 | 12.43 | 15.01 | 16.61 | 19.19 |
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): | 34.84 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -12.08 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 11.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.71 | |
| Elder Ray (13): | -0.18 | |
| Super Trend (3,10): | 11.68 | |
| Zig ZAG (10): | 11.34 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 3.60 | |
| TEMA (21): | 11.49 | |
| Williams %R (14): | -94.67 | |
| Chande Momentum Oscillator (20): | -0.37 | |
| Repulse (5,40,3): | -1.8400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 3.12 |
| MA7: | 12.05 | |
| MA20: | 11.82 | |
| MA50: | 11.33 | |
| MA100: | 7.92 | |
| MAexp7: | 11.51 | |
| MAexp20: | 11.61 | |
| MAexp50: | 11.60 | |
| MAexp100: | 11.61 | |
| Price / MA7: | -5.06% | |
| Price / MA20: | -3.21% | |
| Price / MA50: | +0.97% | |
| Price / MA100: | +44.44% | |
| Price / MAexp7: | -0.61% | |
| Price / MAexp20: | -1.46% | |
| Price / MAexp50: | -1.38% | |
| Price / MAexp100: | -1.46% |
Quotes :
-
Real time data
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Cryptocompare
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