ALCHEMY PAY - ACH/USD

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Type:	Cryptocurrencies
Ticker:	ACHUSD
ISIN:

ALCHEMY PAY - ACH/USD - 1H - Technical analysis published on 12/08/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 0.037066 USD

My targets

0.034756 USD (-3.42%)

0.032767 USD (-8.95%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.037066 USD remains possible. It is advisable to trade ALCHEMY PAY - ACH/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.037066 USD. The next bearish objective for sellers is set at 0.034756 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.032767 USD. In case of crossing, the next objective would be the support located at 0.030219 USD. PS: if there is a bullish break in the resistance located at 0.037066 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

0.4

Comment on the analysis

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 ALCHEMY PAY - ACH/USD rating is 0.035987 USD. The price registered a decrease of -0.13% on the session and was traded between 0.034616 USD and 0.036258 USD over the period. The price is currently at +3.96% from its lowest and -0.75% from its highest.

0.034616

0.036258

0.035987

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of ALCHEMY PAY - ACH/USD in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.028363	0.030219	0.032767	0.035987	0.036048	0.038554	0.039870
Change (%)	-21.19%	-16.03%	-8.95%	-	+0.17%	+7.13%	+10.79%
Change	-0.007624	-0.005768	-0.003220	-	+0.000061	+0.002567	+0.003883
Level	Minor	Minor	Major	-	Intermediate	Major	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	0.033761	0.034867	0.035450	0.036556	0.037139	0.038245	0.038828
Camarilla	0.035570	0.035724	0.035879	0.036034	0.036189	0.036344	0.036499
Woodie	0.033501	0.034736	0.035190	0.036425	0.036879	0.038114	0.038568
Fibonacci	0.034867	0.035512	0.035911	0.036556	0.037201	0.037600	0.038245

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.018134	0.023249	0.029641	0.034756	0.041148	0.046263	0.052655
Camarilla	0.032870	0.033924	0.034979	0.036034	0.037089	0.038144	0.039198
Woodie	0.018774	0.023568	0.030281	0.035075	0.041788	0.046582	0.053295
Fibonacci	0.023249	0.027644	0.030360	0.034756	0.039151	0.041867	0.046263

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.005716	0.011209	0.021391	0.026884	0.037066	0.042559	0.052741
Camarilla	0.027263	0.028700	0.030137	0.031574	0.033011	0.034448	0.035885
Woodie	0.008062	0.012381	0.023737	0.028056	0.039412	0.043731	0.055087
Fibonacci	0.011209	0.017197	0.020896	0.026884	0.032872	0.036571	0.042559

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):	49.04
MACD (12,26,9):	-0.0001
Directional Movement:	-3.065594
AROON (14):	50.000000
DEMA (21):	0.035450
Parabolic SAR (0,02-0,02-0,2):	0.035372
Elder Ray (13):	0.000108
Super Trend (3,10):	0.036114
Zig ZAG (10):	0.035727
VORTEX (21):	0.9739
Stochastique (14,3,5):	80.26
TEMA (21):	0.035587
Williams %R (14):	-18.42
Chande Momentum Oscillator (20):	0.000691
Repulse (5,40,3):	0.4408
ROCnROLL:	-1
TRIX (15,9):	-0.0978
Courbe Coppock:	1.33

MA7:	0.035764
MA20:	0.030014
MA50:	0.024321
MA100:	0.021692
MAexp7:	0.035658
MAexp20:	0.035696
MAexp50:	0.036093
MAexp100:	0.035968
Price / MA7:	+0.62%
Price / MA20:	+19.90%
Price / MA50:	+47.97%
Price / MA100:	+65.90%
Price / MAexp7:	+0.92%
Price / MAexp20:	+0.82%
Price / MAexp50:	-0.29%
Price / MAexp100:	+0.05%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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