QUICKSWAP - QUICK/USD - 1H - Technical analysis published on 04/04/2023 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
22%
56%
My opinion
Bearish under 87.54 USD
My targets
85.48 USD (-1.21%)
81.69 USD (-5.59%)
My analysis
The bearish basic trend is very strong on QUICKSWAP - QUICK/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 87.54 USD. Crossing the first support at 85.48 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 81.69 USD as an objective. Crossing it would then enable sellers to target 69.54 USD. Caution, a return to above the resistance located at 87.54 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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Additional analysis
Quotes
The QUICKSWAP - QUICK/USD rating is 86.53 USD. The price registered a decrease of -0.08% on the session and was between 86.45 USD and 87.16 USD. This implies that the price is at +0.09% from its lowest and at -0.72% from its highest.86.45
87.16
86.53
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of QUICKSWAP - QUICK/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 57.37 | 69.54 | 85.48 | 86.53 | 87.54 | 91.69 | 98.41 |
| Change (%) | -33.70% | -19.63% | -1.21% | - | +1.17% | +5.96% | +13.73% |
| Change | -29.16 | -16.99 | -1.05 | - | +1.01 | +5.16 | +11.88 |
| Level | Intermediate | 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 | 83.51 | 84.49 | 85.55 | 86.53 | 87.59 | 88.57 | 89.63 |
| Camarilla | 86.04 | 86.23 | 86.41 | 86.60 | 86.79 | 86.97 | 87.16 |
| Woodie | 83.54 | 84.51 | 85.58 | 86.55 | 87.62 | 88.59 | 89.66 |
| Fibonacci | 84.49 | 85.27 | 85.75 | 86.53 | 87.31 | 87.79 | 88.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.34 | 73.06 | 81.69 | 93.41 | 102.04 | 113.76 | 122.39 |
| Camarilla | 84.72 | 86.59 | 88.46 | 90.32 | 92.19 | 94.05 | 95.92 |
| Woodie | 59.80 | 72.29 | 80.15 | 92.64 | 100.50 | 112.99 | 120.85 |
| Fibonacci | 73.06 | 80.83 | 85.64 | 93.41 | 101.18 | 105.99 | 113.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.68 | 53.14 | 72.09 | 93.55 | 112.50 | 133.96 | 152.91 |
| Camarilla | 79.94 | 83.64 | 87.35 | 91.05 | 94.75 | 98.46 | 102.16 |
| Woodie | 30.44 | 52.51 | 70.85 | 92.92 | 111.26 | 133.33 | 151.67 |
| Fibonacci | 53.14 | 68.57 | 78.11 | 93.55 | 108.98 | 118.52 | 133.96 |
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): | 46.97 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | -12.18 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 86.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 87.48 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 87.80 | |
| Zig ZAG (10): | 86.73 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 50.91 | |
| TEMA (21): | 86.78 | |
| Williams %R (14): | -47.88 | |
| Chande Momentum Oscillator (20): | -0.37 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.36 |
| MA7: | 88.26 | |
| MA20: | 88.78 | |
| MA50: | 84.56 | |
| MA100: | 68.37 | |
| MAexp7: | 86.73 | |
| MAexp20: | 86.78 | |
| MAexp50: | 87.26 | |
| MAexp100: | 87.66 | |
| Price / MA7: | -1.96% | |
| Price / MA20: | -2.53% | |
| Price / MA50: | +2.33% | |
| Price / MA100: | +26.56% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.84% | |
| Price / MAexp100: | -1.29% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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