JOE - JOE/USDT - 1H - Technical analysis published on 05/11/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.340800 USDT
My targets
0.326000 USDT (-2.01%)
0.302500 USDT (-9.08%)
My analysis
JOE - JOE/USDT 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 0.340800 USDT. The next support located at 0.326000 USDT 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 0.302500 USDT. Below this support, sellers could then target 0.241033 USDT. 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
6.1
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Additional analysis
Quotes
The JOE - JOE/USDT price is 0.332700 USDT. On the day, this instrument lost -3.54% with the lowest point at 0.328300 USDT and the highest point at 0.345400 USDT. The deviation from the price is +1.34% for the low point and -3.68% for the high point.0.328300
0.345400
0.332700
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
Here is a more detailed summary of the historical variations registered by JOE - JOE/USDT:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of JOE - JOE/USDT indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.241033 | 0.302500 | 0.326000 | 0.332700 | 0.340800 | 0.361300 | 0.373400 |
| Change (%) | -27.55% | -9.08% | -2.01% | - | +2.43% | +8.60% | +12.23% |
| Change | -0.091667 | -0.030200 | -0.006700 | - | +0.008100 | +0.028600 | +0.040700 |
| Level | Minor | Intermediate | Minor | - | Minor | Minor | 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 | 0.291533 | 0.308767 | 0.326833 | 0.344067 | 0.362133 | 0.379367 | 0.397433 |
| Camarilla | 0.335193 | 0.338428 | 0.341664 | 0.344900 | 0.348136 | 0.351372 | 0.354608 |
| Woodie | 0.291950 | 0.308975 | 0.327250 | 0.344275 | 0.362550 | 0.379575 | 0.397850 |
| Fibonacci | 0.308767 | 0.322251 | 0.330582 | 0.344067 | 0.357551 | 0.365882 | 0.379367 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.168233 | 0.262567 | 0.311233 | 0.405567 | 0.454233 | 0.548567 | 0.597233 |
| Camarilla | 0.320575 | 0.333683 | 0.346792 | 0.359900 | 0.373008 | 0.386117 | 0.399225 |
| Woodie | 0.145400 | 0.251150 | 0.288400 | 0.394150 | 0.431400 | 0.537150 | 0.574400 |
| Fibonacci | 0.262567 | 0.317193 | 0.350941 | 0.405567 | 0.460193 | 0.493941 | 0.548567 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.128800 | 0.295800 | 0.384000 | 0.551000 | 0.639200 | 0.806200 | 0.894400 |
| Camarilla | 0.402020 | 0.425413 | 0.448807 | 0.472200 | 0.495593 | 0.518987 | 0.542380 |
| Woodie | 0.089400 | 0.276100 | 0.344600 | 0.531300 | 0.599800 | 0.786500 | 0.855000 |
| Fibonacci | 0.295800 | 0.393286 | 0.453514 | 0.551000 | 0.648486 | 0.708714 | 0.806200 |
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): | 41.66 | |
| MACD (12,26,9): | -0.0017 | |
| Directional Movement: | -3.541231 | |
| AROON (14): | -21.428572 | |
| DEMA (21): | 0.335258 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.337543 | |
| Elder Ray (13): | -0.003127 | |
| Super Trend (3,10): | 0.347158 | |
| Zig ZAG (10): | 0.331300 | |
| VORTEX (21): | 0.8896 | |
| Stochastique (14,3,5): | 30.17 | |
| TEMA (21): | 0.332873 | |
| Williams %R (14): | -77.08 | |
| Chande Momentum Oscillator (20): | -0.006900 | |
| Repulse (5,40,3): | -0.4699 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0302 | |
| Courbe Coppock: | 4.06 |
| MA7: | 0.349729 | |
| MA20: | 0.430270 | |
| MA50: | 0.517214 | |
| MA100: | 0.383823 | |
| MAexp7: | 0.334399 | |
| MAexp20: | 0.336920 | |
| MAexp50: | 0.338019 | |
| MAexp100: | 0.344420 | |
| Price / MA7: | -4.87% | |
| Price / MA20: | -22.68% | |
| Price / MA50: | -35.67% | |
| Price / MA100: | -13.32% | |
| Price / MAexp7: | -0.51% | |
| Price / MAexp20: | -1.25% | |
| Price / MAexp50: | -1.57% | |
| Price / MAexp100: | -3.40% |
Quotes :
-
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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