BICONOMY - BICO/USD - 1H - Technical analysis published on 09/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 0.224330 USD
My targets
0.198600 USD (-10.02%)
0.193295 USD (-12.42%)
My analysis
BICONOMY - BICO/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 0.224330 USD. The next support located at 0.198600 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 0.193295 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
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BICONOMY - BICO/USD rating 0.220715 USD. The price registered an increase of +0.00% on the session and was traded between 0.220593 USD and 0.221884 USD over the period. The price is currently at +0.06% from its lowest and -0.53% from its highest.0.220593
0.221884
0.220715
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 BICONOMY - BICO/USD in 1H shows a overall strongly 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. 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 to suggest whether the signal given by the technical indicators is more bullish or bearish.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.193295 | 0.220715 | 0.224330 | 0.231182 | 0.254296 |
| Change (%) | -12.42% | - | +1.64% | +4.74% | +15.21% |
| Change | -0.027420 | - | +0.003615 | +0.010467 | +0.033581 |
| Level | Intermediate | - | Intermediate | Intermediate | 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 | 0.205740 | 0.212592 | 0.216656 | 0.223508 | 0.227572 | 0.234424 | 0.238488 |
| Camarilla | 0.217719 | 0.218720 | 0.219720 | 0.220721 | 0.221722 | 0.222722 | 0.223723 |
| Woodie | 0.204347 | 0.211895 | 0.215263 | 0.222811 | 0.226179 | 0.233727 | 0.237095 |
| Fibonacci | 0.212592 | 0.216762 | 0.219338 | 0.223508 | 0.227678 | 0.230254 | 0.234424 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.135777 | 0.176478 | 0.198600 | 0.239301 | 0.261423 | 0.302124 | 0.324246 |
| Camarilla | 0.203445 | 0.209204 | 0.214962 | 0.220721 | 0.226480 | 0.232239 | 0.237997 |
| Woodie | 0.126487 | 0.171833 | 0.189310 | 0.234656 | 0.252133 | 0.297479 | 0.314956 |
| Fibonacci | 0.176478 | 0.200477 | 0.215303 | 0.239301 | 0.263300 | 0.278126 | 0.302124 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.057577 | 0.120996 | 0.170858 | 0.234277 | 0.284139 | 0.347558 | 0.397420 |
| Camarilla | 0.189569 | 0.199953 | 0.210337 | 0.220721 | 0.231105 | 0.241489 | 0.251873 |
| Woodie | 0.050800 | 0.117607 | 0.164081 | 0.230888 | 0.277362 | 0.344169 | 0.390643 |
| Fibonacci | 0.120996 | 0.164269 | 0.191003 | 0.234277 | 0.277550 | 0.304284 | 0.347558 |
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): | 39.07 | |
| MACD (12,26,9): | -0.0016 | |
| Directional Movement: | -18.117970 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.220914 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.224537 | |
| Elder Ray (13): | -0.001374 | |
| Super Trend (3,10): | 0.224965 | |
| Zig ZAG (10): | 0.220721 | |
| VORTEX (21): | 0.7829 | |
| Stochastique (14,3,5): | 25.35 | |
| TEMA (21): | 0.220423 | |
| Williams %R (14): | -69.55 | |
| Chande Momentum Oscillator (20): | -0.004115 | |
| Repulse (5,40,3): | 0.1357 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0914 | |
| Courbe Coppock: | 4.26 |
| MA7: | 0.228615 | |
| MA20: | 0.243790 | |
| MA50: | 0.269688 | |
| MA100: | 0.358775 | |
| MAexp7: | 0.221310 | |
| MAexp20: | 0.223488 | |
| MAexp50: | 0.225888 | |
| MAexp100: | 0.230812 | |
| Price / MA7: | -3.46% | |
| Price / MA20: | -9.47% | |
| Price / MA50: | -18.16% | |
| Price / MA100: | -38.48% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | -1.24% | |
| Price / MAexp50: | -2.29% | |
| Price / MAexp100: | -4.37% |
Quotes :
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Real time data
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Cryptocompare
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