TONCOIN - TON/USDT - Daily - Technical analysis published on 09/04/2024 (GMT)
- 189
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : CANCELLED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 5.84 USDT
My targets
4.31 USDT (-10.40%)
3.53 USDT (-26.61%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on THE OPEN NETWORK - TONCOIN/USDT as long as the price remains well below 5.84 USDT. The sellers' bearish objective is set at 4.31 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.53 USDT. In case of crossing, the next objective would be the support located at 2.08 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9
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This analysis was given by Mayvenate. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The THE OPEN NETWORK - TONCOIN/USDT rating is 4.81 USDT. The price registered a decrease of -1.64% on the session and was traded between 4.66 USDT and 4.93 USDT over the period. The price is currently at +3.22% from its lowest and -2.43% from its highest.4.66
4.93
4.81
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 THE OPEN NETWORK - TONCOIN/USDT:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this THE OPEN NETWORK - TONCOIN/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.08 | 3.53 | 4.31 | 4.81 | 4.88 | 6.24 | 6.91 |
| Change (%) | -56.76% | -26.61% | -10.40% | - | +1.46% | +29.73% | +43.66% |
| Change | -2.73 | -1.28 | -0.50 | - | +0.07 | +1.43 | +2.10 |
| Level | Minor | Minor | Minor | - | Major | Minor | Intermediate |
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 | 4.29 | 4.58 | 4.73 | 5.02 | 5.17 | 5.46 | 5.61 |
| Camarilla | 4.77 | 4.81 | 4.85 | 4.89 | 4.93 | 4.97 | 5.01 |
| Woodie | 4.23 | 4.55 | 4.67 | 4.99 | 5.11 | 5.43 | 5.55 |
| Fibonacci | 4.58 | 4.75 | 4.85 | 5.02 | 5.19 | 5.29 | 5.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.01 | 4.52 | 4.97 | 5.48 | 5.93 | 6.44 | 6.89 |
| Camarilla | 5.16 | 5.24 | 5.33 | 5.42 | 5.51 | 5.60 | 5.68 |
| Woodie | 3.98 | 4.51 | 4.94 | 5.47 | 5.90 | 6.43 | 6.86 |
| Fibonacci | 4.52 | 4.89 | 5.11 | 5.48 | 5.85 | 6.07 | 6.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.98 | 3.41 | 4.41 | 5.84 | 6.84 | 8.27 | 9.27 |
| Camarilla | 4.75 | 4.98 | 5.20 | 5.42 | 5.64 | 5.87 | 6.09 |
| Woodie | 1.78 | 3.30 | 4.21 | 5.73 | 6.64 | 8.16 | 9.07 |
| Fibonacci | 3.41 | 4.34 | 4.91 | 5.84 | 6.77 | 7.34 | 8.27 |
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): | 31.30 | |
| MACD (12,26,9): | -0.4100 | |
| Directional Movement: | -16.99 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 5.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.20 | |
| Elder Ray (13): | -0.63 | |
| Super Trend (3,10): | 6.05 | |
| Zig ZAG (10): | 4.80 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 5.93 | |
| TEMA (21): | 4.95 | |
| Williams %R (14): | -93.52 | |
| Chande Momentum Oscillator (20): | -1.90 | |
| Repulse (5,40,3): | -8.7400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6800 | |
| Courbe Coppock: | 42.87 |
| MA7: | 5.19 | |
| MA20: | 5.86 | |
| MA50: | 6.28 | |
| MA100: | 6.79 | |
| MAexp7: | 5.16 | |
| MAexp20: | 5.64 | |
| MAexp50: | 6.15 | |
| MAexp100: | 6.27 | |
| Price / MA7: | -7.32% | |
| Price / MA20: | -17.92% | |
| Price / MA50: | -23.41% | |
| Price / MA100: | -29.16% | |
| Price / MAexp7: | -6.78% | |
| Price / MAexp20: | -14.72% | |
| Price / MAexp50: | -21.79% | |
| Price / MAexp100: | -23.29% |
Quotes :
-
Real time data
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Cryptocompare
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