MIRROR PROTOCOL - MIR/USD - 1H - Technical analysis published on 06/12/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.213000 USD
My targets
0.183100 USD (-10.29%)
0.152700 USD (-25.18%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MIRROR PROTOCOL - MIR/USD as long as the price remains well below 0.213000 USD. The sellers' bearish objective is set at 0.183100 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.152700 USD. In case of crossing, the next objective would be the support located at 0.103400 USD. 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
6.8
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This analysis was given by Gstar99. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MIRROR PROTOCOL - MIR/USD rating 0.204100 USD. On the day, this instrument lost -4.40% and was traded between 0.202400 USD and 0.218300 USD over the period. The price is currently at +0.84% from its lowest and -6.50% from its highest.0.202400
0.218300
0.204100
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of MIRROR PROTOCOL - MIR/USD in 1H shows a overall strongly 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.204100 | 0.213000 | 0.220500 | 0.242740 |
| Change (%) | - | +4.36% | +8.04% | +18.93% |
| Change | - | +0.008900 | +0.016400 | +0.038640 |
| Level | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.146200 | 0.174100 | 0.193800 | 0.221700 | 0.241400 | 0.269300 | 0.289000 |
| Camarilla | 0.200410 | 0.204773 | 0.209137 | 0.213500 | 0.217863 | 0.222227 | 0.226590 |
| Woodie | 0.142100 | 0.172050 | 0.189700 | 0.219650 | 0.237300 | 0.267250 | 0.284900 |
| Fibonacci | 0.174100 | 0.192283 | 0.203517 | 0.221700 | 0.239883 | 0.251117 | 0.269300 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.103400 | 0.152700 | 0.183100 | 0.232400 | 0.262800 | 0.312100 | 0.342500 |
| Camarilla | 0.191583 | 0.198888 | 0.206194 | 0.213500 | 0.220806 | 0.228112 | 0.235418 |
| Woodie | 0.093950 | 0.147975 | 0.173650 | 0.227675 | 0.253350 | 0.307375 | 0.333050 |
| Fibonacci | 0.152700 | 0.183145 | 0.201955 | 0.232400 | 0.262845 | 0.281655 | 0.312100 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.162833 | -0.480867 | -0.094933 | 0.587033 | 0.972967 | 1.654933 | 2.040867 |
| Camarilla | -0.002673 | 0.095218 | 0.193109 | 0.291000 | 0.388891 | 0.486782 | 0.584673 |
| Woodie | -1.310850 | -0.554875 | -0.242950 | 0.513025 | 0.824950 | 1.580925 | 1.892850 |
| Fibonacci | -0.480867 | -0.072929 | 0.179096 | 0.587033 | 0.994971 | 1.246996 | 1.654933 |
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): | 43.02 | |
| MACD (12,26,9): | -0.0044 | |
| Directional Movement: | 4.098191 | |
| AROON (14): | -71.428571 | |
| DEMA (21): | 0.205301 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.225592 | |
| Elder Ray (13): | -0.003110 | |
| Super Trend (3,10): | 0.203237 | |
| Zig ZAG (10): | 0.205700 | |
| VORTEX (21): | 0.9546 | |
| Stochastique (14,3,5): | 14.60 | |
| TEMA (21): | 0.204831 | |
| Williams %R (14): | -83.06 | |
| Chande Momentum Oscillator (20): | -0.009100 | |
| Repulse (5,40,3): | -1.1322 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2752 | |
| Courbe Coppock: | 10.67 |
| MA7: | 0.233443 | |
| MA20: | 0.279130 | |
| MA50: | 0.551424 | |
| MA100: | 1.115142 | |
| MAexp7: | 0.206854 | |
| MAexp20: | 0.211877 | |
| MAexp50: | 0.220239 | |
| MAexp100: | 0.230032 | |
| Price / MA7: | -12.57% | |
| Price / MA20: | -26.88% | |
| Price / MA50: | -62.99% | |
| Price / MA100: | -81.70% | |
| Price / MAexp7: | -1.33% | |
| Price / MAexp20: | -3.67% | |
| Price / MAexp50: | -7.33% | |
| Price / MAexp100: | -11.27% |
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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