CARTESI - CTSI/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	CTSIUSD
ISIN:

CARTESI - CTSI/USD - Daily - Technical analysis published on 07/20/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

22%

39%

My opinion

Bearish under 0.191200 USD

My targets

0.146527 USD (-3.73%)

0.118500 USD (-22.14%)

My analysis

The bearish basic trend is very strong on CARTESI - CTSI/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.191200 USD. Crossing the first support at 0.146527 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.118500 USD as an objective. Caution, a return to above the resistance located at 0.191200 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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 are neutral, but do not change the general bearish opinion of this analysis.

Force

5.2

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CARTESI - CTSI/USD rating is 0.152200 USD. On the day, this instrument lost -0.07% with the lowest point at 0.149900 USD and the highest point at 0.156900 USD. The deviation from the price is +1.53% for the low point and -3.00% for the high point.

0.149900

0.156900

0.152200

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

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of CARTESI - CTSI/USD in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.118500	0.146527	0.152200	0.191333	0.235200	0.319500
Change (%)	-22.14%	-3.73%	-	+25.71%	+54.53%	+109.92%
Change	-0.033700	-0.005673	-	+0.039133	+0.083000	+0.167300
Level	Minor	Intermediate	-	Intermediate	Minor	Major

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	0.146400	0.149100	0.150700	0.153400	0.155000	0.157700	0.159300
Camarilla	0.151118	0.151512	0.151906	0.152300	0.152694	0.153088	0.153483
Woodie	0.145850	0.148825	0.150150	0.153125	0.154450	0.157425	0.158750
Fibonacci	0.149100	0.150743	0.151757	0.153400	0.155043	0.156057	0.157700

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.091033	0.117367	0.139233	0.165567	0.187433	0.213767	0.235633
Camarilla	0.147845	0.152263	0.156682	0.161100	0.165518	0.169937	0.174355
Woodie	0.088800	0.116250	0.137000	0.164450	0.185200	0.212650	0.233400
Fibonacci	0.117367	0.135779	0.147154	0.165567	0.183979	0.195354	0.213767

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.033000	0.071200	0.112100	0.150300	0.191200	0.229400	0.270300
Camarilla	0.131248	0.138498	0.145749	0.153000	0.160251	0.167502	0.174753
Woodie	0.034350	0.071875	0.113450	0.150975	0.192550	0.230075	0.271650
Fibonacci	0.071200	0.101416	0.120084	0.150300	0.180516	0.199184	0.229400

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):	47.93
MACD (12,26,9):	0.0008
Directional Movement:	7.356011
AROON (14):	0
DEMA (21):	0.156621
Parabolic SAR (0,02-0,02-0,2):	0.191900
Elder Ray (13):	-0.002431
Super Trend (3,10):	0.128473
Zig ZAG (10):	0.152300
VORTEX (21):	1.0424
Stochastique (14,3,5):	18.05
TEMA (21):	0.158320
Williams %R (14):	-82.57
Chande Momentum Oscillator (20):	-0.000200
Repulse (5,40,3):	-4.4827
ROCnROLL:	2
TRIX (15,9):	0.2150
Courbe Coppock:	3.77

MA7:	0.155843
MA20:	0.156760
MA50:	0.150890
MA100:	0.177733
MAexp7:	0.154997
MAexp20:	0.155345
MAexp50:	0.157238
MAexp100:	0.160856
Price / MA7:	-2.34%
Price / MA20:	-2.91%
Price / MA50:	+0.87%
Price / MA100:	-14.37%
Price / MAexp7:	-1.80%
Price / MAexp20:	-2.02%
Price / MAexp50:	-3.20%
Price / MAexp100:	-5.38%

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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