COVALENT - CQT/USD
92.50
USD
(+0.65%)
03/28/2025 - 15:34
Closed Real time data - CoinMarketCap
| Open: | 91.60 |
| Change: | +0.60 |
| Volume: | 375,349 |
| Low: | 91.34 |
| High: | 93.12 |
| High / Low range: | 1.78 |
| Type: | Cryptocurrencies |
| Ticker: | CQTUSD |
| ISIN: |
COVALENT - CQT/USD - 1H - Technical analysis published on 04/14/2024 (GMT)
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- 04/14/2024 - 01:25
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- Timeframe : 1H
- - Analysis generated on 04/14/2024 - 01:25
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 0.222686 USD
My targets
0.204254 USD (-3.22%)
0.162490 USD (-23.01%)
My analysis
COVALENT - CQT/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.222686 USD. The next support located at 0.204254 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.162490 USD. Below this support, sellers could then target 0.126693 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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 COVALENT - CQT/USD price is 0.211049 USD. The price registered an increase of +0.84% on the session and was traded between 0.207386 USD and 0.211514 USD over the period. The price is currently at +1.77% from its lowest and -0.22% from its highest.0.207386
0.211514
0.211049
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on COVALENT - CQT/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this COVALENT - CQT/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.064213 | 0.126693 | 0.204254 | 0.211049 | 0.222686 | 0.255097 | 0.269128 |
| Change (%) | -69.57% | -39.97% | -3.22% | - | +5.51% | +20.87% | +27.52% |
| Change | -0.146836 | -0.084356 | -0.006795 | - | +0.011637 | +0.044048 | +0.058079 |
| Level | Minor | Major | Major | - | 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 | 0.161152 | 0.179143 | 0.194218 | 0.212209 | 0.227284 | 0.245275 | 0.260350 |
| Camarilla | 0.200199 | 0.203230 | 0.206261 | 0.209292 | 0.212323 | 0.215354 | 0.218385 |
| Woodie | 0.159693 | 0.178414 | 0.192759 | 0.211480 | 0.225825 | 0.244546 | 0.258891 |
| Fibonacci | 0.179143 | 0.191775 | 0.199578 | 0.212209 | 0.224841 | 0.232644 | 0.245275 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.034242 | 0.115689 | 0.162490 | 0.243937 | 0.290738 | 0.372185 | 0.418986 |
| Camarilla | 0.174024 | 0.185780 | 0.197536 | 0.209292 | 0.221048 | 0.232804 | 0.244560 |
| Woodie | 0.016920 | 0.107028 | 0.145168 | 0.235276 | 0.273416 | 0.363524 | 0.401664 |
| Fibonacci | 0.115689 | 0.164679 | 0.194946 | 0.243937 | 0.292927 | 0.323194 | 0.372185 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.093582 | 0.197032 | 0.256580 | 0.360030 | 0.419578 | 0.523028 | 0.582576 |
| Camarilla | 0.271305 | 0.286246 | 0.301188 | 0.316129 | 0.331071 | 0.346012 | 0.360954 |
| Woodie | 0.071632 | 0.186057 | 0.234630 | 0.349055 | 0.397628 | 0.512053 | 0.560626 |
| Fibonacci | 0.197032 | 0.259297 | 0.297764 | 0.360030 | 0.422295 | 0.460762 | 0.523028 |
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): | 35.79 | |
| MACD (12,26,9): | -0.0065 | |
| Directional Movement: | -28.514353 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.206572 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.213029 | |
| Elder Ray (13): | -0.002265 | |
| Super Trend (3,10): | 0.213825 | |
| Zig ZAG (10): | 0.210479 | |
| VORTEX (21): | 0.8436 | |
| Stochastique (14,3,5): | 49.29 | |
| TEMA (21): | 0.206827 | |
| Williams %R (14): | -47.22 | |
| Chande Momentum Oscillator (20): | -0.010415 | |
| Repulse (5,40,3): | 2.2668 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4220 | |
| Courbe Coppock: | 11.24 |
| MA7: | 0.252009 | |
| MA20: | 0.281695 | |
| MA50: | 0.332296 | |
| MA100: | 0.286188 | |
| MAexp7: | 0.210153 | |
| MAexp20: | 0.215697 | |
| MAexp50: | 0.228453 | |
| MAexp100: | 0.241966 | |
| Price / MA7: | -16.25% | |
| Price / MA20: | -25.08% | |
| Price / MA50: | -36.49% | |
| Price / MA100: | -26.26% | |
| Price / MAexp7: | +0.43% | |
| Price / MAexp20: | -2.15% | |
| Price / MAexp50: | -7.62% | |
| Price / MAexp100: | -12.78% |
Quotes :
04/14/2024 - 01:24
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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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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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