ALPHA FINANCE LAB - ALPHA/USD - 1H - Technical analysis published on 03/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 0.160103 USD
My targets
0.168287 USD (+1.05%)
0.181064 USD (+8.72%)
My analysis
The bullish trend is currently very strong on ALPHA FINANCE LAB - ALPHA/USD. As long as the price remains above the support at 0.160103 USD, you could try to benefit from the boom. The first bullish objective is located at 0.168287 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.181064 USD as an objective. Crossing it would then enable buyers to target 0.253900 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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Additional analysis
Quotes
The ALPHA FINANCE LAB - ALPHA/USD rating is 0.166539 USD. On the day, this instrument lost -0.37% and was between 0.162542 USD and 0.169214 USD. This implies that the price is at +2.46% from its lowest and at -1.58% from its highest.0.162542
0.169214
0.166539
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
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
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 ALPHA FINANCE LAB - ALPHA/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.145064 | 0.152000 | 0.160103 | 0.166539 | 0.168287 | 0.253900 | 0.586500 |
| Change (%) | -12.89% | -8.73% | -3.86% | - | +1.05% | +52.46% | +252.17% |
| Change | -0.021475 | -0.014539 | -0.006436 | - | +0.001748 | +0.087361 | +0.419961 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor | Intermediate |
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 | 0.144457 | 0.149451 | 0.158300 | 0.163294 | 0.172143 | 0.177137 | 0.185986 |
| Camarilla | 0.163343 | 0.164612 | 0.165881 | 0.167150 | 0.168419 | 0.169688 | 0.170957 |
| Woodie | 0.146386 | 0.150415 | 0.160229 | 0.164258 | 0.174072 | 0.178101 | 0.187915 |
| Fibonacci | 0.149451 | 0.154739 | 0.158006 | 0.163294 | 0.168582 | 0.171849 | 0.177137 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.072307 | 0.094398 | 0.115640 | 0.137731 | 0.158973 | 0.181064 | 0.202306 |
| Camarilla | 0.124964 | 0.128937 | 0.132909 | 0.136881 | 0.140853 | 0.144825 | 0.148798 |
| Woodie | 0.071882 | 0.094186 | 0.115215 | 0.137519 | 0.158548 | 0.180852 | 0.201881 |
| Fibonacci | 0.094398 | 0.110952 | 0.121178 | 0.137731 | 0.154285 | 0.164511 | 0.181064 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.039753 | 0.065157 | 0.109564 | 0.134968 | 0.179375 | 0.204779 | 0.249186 |
| Camarilla | 0.134772 | 0.141171 | 0.147571 | 0.153970 | 0.160369 | 0.166769 | 0.173168 |
| Woodie | 0.049254 | 0.069908 | 0.119065 | 0.139719 | 0.188876 | 0.209530 | 0.258687 |
| Fibonacci | 0.065157 | 0.091825 | 0.108301 | 0.134968 | 0.161636 | 0.178112 | 0.204779 |
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): | 56.61 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 5.132030 | |
| AROON (14): | -71.428571 | |
| DEMA (21): | 0.166897 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.163319 | |
| Elder Ray (13): | 0.001160 | |
| Super Trend (3,10): | 0.170838 | |
| Zig ZAG (10): | 0.166457 | |
| VORTEX (21): | 1.1415 | |
| Stochastique (14,3,5): | 62.60 | |
| TEMA (21): | 0.166141 | |
| Williams %R (14): | -19.78 | |
| Chande Momentum Oscillator (20): | 0.000596 | |
| Repulse (5,40,3): | 0.7019 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1407 | |
| Courbe Coppock: | 0.05 |
| MA7: | 0.151530 | |
| MA20: | 0.131158 | |
| MA50: | 0.111444 | |
| MA100: | 0.113060 | |
| MAexp7: | 0.165612 | |
| MAexp20: | 0.164765 | |
| MAexp50: | 0.161071 | |
| MAexp100: | 0.155294 | |
| Price / MA7: | +9.90% | |
| Price / MA20: | +26.98% | |
| Price / MA50: | +49.44% | |
| Price / MA100: | +47.30% | |
| Price / MAexp7: | +0.56% | |
| Price / MAexp20: | +1.08% | |
| Price / MAexp50: | +3.39% | |
| Price / MAexp100: | +7.24% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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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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