MASK NETWORK - MASK/USD - 1H - Technical analysis published on 12/13/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 3.33 USD
My targets
3.05 USD (-1.83%)
2.85 USD (-8.36%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on MASK NETWORK - MASK/USD. As long as you are under the resistance located at 3.33 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 3.05 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 2.85 USD as an objective. Crossing it would then enable sellers to target 2.43 USD. If the resistance 3.33 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.2
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Additional analysis
Quotes
The MASK NETWORK - MASK/USD rating is 3.11 USD. The price registered an increase of +1.30% on the session and was traded between 3.06 USD and 3.12 USD over the period. The price is currently at +1.63% from its lowest and -0.32% from its highest.3.06
3.12
3.11
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this MASK NETWORK - MASK/USD chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.91 | 2.43 | 2.85 | 3.11 | 3.33 | 3.63 | 3.94 |
| Change (%) | -38.59% | -21.86% | -8.36% | - | +7.07% | +16.72% | +26.69% |
| Change | -1.20 | -0.68 | -0.26 | - | +0.22 | +0.52 | +0.83 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Major | 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 | 2.76 | 2.84 | 2.96 | 3.04 | 3.16 | 3.24 | 3.36 |
| Camarilla | 3.02 | 3.03 | 3.05 | 3.07 | 3.09 | 3.11 | 3.13 |
| Woodie | 2.77 | 2.85 | 2.97 | 3.05 | 3.17 | 3.25 | 3.37 |
| Fibonacci | 2.84 | 2.92 | 2.97 | 3.04 | 3.12 | 3.17 | 3.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.31 | 2.79 | 3.05 | 3.53 | 3.79 | 4.27 | 4.53 |
| Camarilla | 3.12 | 3.18 | 3.25 | 3.32 | 3.39 | 3.46 | 3.52 |
| Woodie | 2.21 | 2.74 | 2.95 | 3.48 | 3.69 | 4.22 | 4.43 |
| Fibonacci | 2.79 | 3.07 | 3.24 | 3.53 | 3.81 | 3.98 | 4.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.54 | 0.32 | 2.13 | 3.99 | 5.80 | 7.66 | 9.47 |
| Camarilla | 2.92 | 3.26 | 3.59 | 3.93 | 4.27 | 4.60 | 4.94 |
| Woodie | -1.58 | 0.31 | 2.10 | 3.98 | 5.77 | 7.65 | 9.44 |
| Fibonacci | 0.32 | 1.73 | 2.59 | 3.99 | 5.40 | 6.26 | 7.66 |
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): | 58.10 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 5.74 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 3.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.96 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 3.11 | |
| Zig ZAG (10): | 3.09 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 80.17 | |
| TEMA (21): | 3.03 | |
| Williams %R (14): | -13.33 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 2.60 |
| MA7: | 3.27 | |
| MA20: | 3.33 | |
| MA50: | 3.12 | |
| MA100: | 2.15 | |
| MAexp7: | 3.04 | |
| MAexp20: | 3.04 | |
| MAexp50: | 3.12 | |
| MAexp100: | 3.24 | |
| Price / MA7: | -4.89% | |
| Price / MA20: | -6.61% | |
| Price / MA50: | -0.32% | |
| Price / MA100: | +44.65% | |
| Price / MAexp7: | +2.30% | |
| Price / MAexp20: | +2.30% | |
| Price / MAexp50: | -0.32% | |
| Price / MAexp100: | -4.01% |
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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