CARTESI - CTSI/USD - 1H - Technical analysis published on 11/05/2023 (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
89%
0%
11%
My opinion
Bullish above 0.164984 USD
My targets
0.174799 USD (+1.85%)
0.193597 USD (+12.81%)
My analysis
CARTESI - CTSI/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.164984 USD. The next resistance located at 0.174799 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.193597 USD. After this resistance, buyers could then target 0.208660 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CARTESI - CTSI/USD rating 0.171620 USD. On the day, this instrument gained +11.08% with the lowest point at 0.153399 USD and the highest point at 0.177942 USD. The deviation from the price is +11.88% for the low point and -3.55% for the high point.0.153399
0.177942
0.171620
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CARTESI - CTSI/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 90
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.153494 | 0.154664 | 0.157640 | 0.171620 | 0.208660 | 0.235200 | 0.319500 |
| Change (%) | -10.56% | -9.88% | -8.15% | - | +21.58% | +37.05% | +86.17% |
| Change | -0.018126 | -0.016956 | -0.013980 | - | +0.037040 | +0.063580 | +0.147880 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.145462 | 0.147537 | 0.151018 | 0.153093 | 0.156574 | 0.158649 | 0.162130 |
| Camarilla | 0.152971 | 0.153480 | 0.153990 | 0.154499 | 0.155008 | 0.155518 | 0.156027 |
| Woodie | 0.146165 | 0.147889 | 0.151721 | 0.153445 | 0.157277 | 0.159001 | 0.162833 |
| Fibonacci | 0.147537 | 0.149659 | 0.150971 | 0.153093 | 0.155215 | 0.156527 | 0.158649 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.129625 | 0.134868 | 0.144683 | 0.149926 | 0.159741 | 0.164984 | 0.174799 |
| Camarilla | 0.150358 | 0.151738 | 0.153119 | 0.154499 | 0.155879 | 0.157260 | 0.158640 |
| Woodie | 0.131912 | 0.136011 | 0.146970 | 0.151069 | 0.162028 | 0.166127 | 0.177086 |
| Fibonacci | 0.134868 | 0.140620 | 0.144174 | 0.149926 | 0.155678 | 0.159232 | 0.164984 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.093748 | 0.107565 | 0.127031 | 0.140848 | 0.160314 | 0.174131 | 0.193597 |
| Camarilla | 0.137345 | 0.140396 | 0.143447 | 0.146498 | 0.149549 | 0.152600 | 0.155651 |
| Woodie | 0.096574 | 0.108977 | 0.129857 | 0.142260 | 0.163140 | 0.175543 | 0.196423 |
| Fibonacci | 0.107565 | 0.120279 | 0.128134 | 0.140848 | 0.153562 | 0.161417 | 0.174131 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 90.03 | |
| MACD (12,26,9): | 0.0039 | |
| Directional Movement: | 62.081590 | |
| AROON (14): | 92.857143 | |
| DEMA (21): | 0.162273 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.158708 | |
| Elder Ray (13): | 0.013036 | |
| Super Trend (3,10): | 0.162971 | |
| Zig ZAG (10): | 0.173988 | |
| VORTEX (21): | 1.3640 | |
| Stochastique (14,3,5): | 85.31 | |
| TEMA (21): | 0.165368 | |
| Williams %R (14): | -12.69 | |
| Chande Momentum Oscillator (20): | 0.023035 | |
| Repulse (5,40,3): | 7.6490 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1940 | |
| Courbe Coppock: | 15.09 |
| MA7: | 0.153526 | |
| MA20: | 0.142941 | |
| MA50: | 0.134027 | |
| MA100: | 0.132976 | |
| MAexp7: | 0.163939 | |
| MAexp20: | 0.157500 | |
| MAexp50: | 0.153316 | |
| MAexp100: | 0.151000 | |
| Price / MA7: | +11.79% | |
| Price / MA20: | +20.06% | |
| Price / MA50: | +28.05% | |
| Price / MA100: | +29.06% | |
| Price / MAexp7: | +4.69% | |
| Price / MAexp20: | +8.97% | |
| Price / MAexp50: | +11.94% | |
| Price / MAexp100: | +13.66% |
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.
About author
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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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