MERIT CIRCLE - MC/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	MCUSDT
ISIN:

MERIT CIRCLE - MC/USDT - Daily - Technical analysis published on 02/24/2023 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Neutral

Technical indicators

44%

22%

33%

My opinion

Neutral between 0.354433 USDT and 0.423033 USDT

My targets

My analysis

There is no basic trend on MERIT CIRCLE - MC/USDT and in the short term, there are still few buyers. It is difficult to advise a trading direction under these conditions. The nearest resistance is located at 0.423033 USDT. The nearest support is located at 0.354433 USDT. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.

Comment on the analysis

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 domdufour. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The MERIT CIRCLE - MC/USDT rating is 0.368100 USDT. The price registered a decrease of -5.62% on the session and was between 0.359100 USDT and 0.391000 USDT. This implies that the price is at +2.51% from its lowest and at -5.86% from its highest.

0.359100

0.391000

0.368100

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this Daily chart of MERIT CIRCLE - MC/USDT indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.266018	0.368100	0.424721	0.605467	0.764900
Change (%)	-27.73%	-	+15.38%	+64.48%	+107.80%
Change	-0.102082	-	+0.056621	+0.237367	+0.396800
Level	Intermediate	-	Minor	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.334433	0.355067	0.372533	0.393167	0.410633	0.431267	0.448733
Camarilla	0.379523	0.383015	0.386508	0.390000	0.393493	0.396985	0.400478
Woodie	0.332850	0.354275	0.370950	0.392375	0.409050	0.430475	0.447150
Fibonacci	0.355067	0.369621	0.378613	0.393167	0.407721	0.416713	0.431267

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.237033	0.270067	0.330033	0.363067	0.423033	0.456067	0.516033
Camarilla	0.364425	0.372950	0.381475	0.390000	0.398525	0.407050	0.415575
Woodie	0.250500	0.276800	0.343500	0.369800	0.436500	0.462800	0.529500
Fibonacci	0.270067	0.305593	0.327541	0.363067	0.398593	0.420541	0.456067

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.081267	0.170133	0.265567	0.354433	0.449867	0.538733	0.634167
Camarilla	0.310318	0.327212	0.344106	0.361000	0.377894	0.394788	0.411683
Woodie	0.084550	0.171775	0.268850	0.356075	0.453150	0.540375	0.637450
Fibonacci	0.170133	0.240536	0.284031	0.354433	0.424836	0.468331	0.538733

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	51.28
MACD (12,26,9):	0.0086
Directional Movement:	15.191203
AROON (14):	-28.571429
DEMA (21):	0.377255
Parabolic SAR (0,02-0,02-0,2):	0.314147
Elder Ray (13):	0.004489
Super Trend (3,10):	0.308924
Zig ZAG (10):	0.368100
VORTEX (21):	1.0214
Stochastique (14,3,5):	64.44
TEMA (21):	0.378887
Williams %R (14):	-51.82
Chande Momentum Oscillator (20):	0.023100
Repulse (5,40,3):	-5.1248
ROCnROLL:	-1
TRIX (15,9):	0.2719
Courbe Coppock:	3.27

MA7:	0.377729
MA20:	0.368450
MA50:	0.340352
MA100:	0.355993
MAexp7:	0.376776
MAexp20:	0.366131
MAexp50:	0.359002
MAexp100:	0.396354
Price / MA7:	-2.55%
Price / MA20:	-0.09%
Price / MA50:	+8.15%
Price / MA100:	+3.40%
Price / MAexp7:	-2.30%
Price / MAexp20:	+0.54%
Price / MAexp50:	+2.53%
Price / MAexp100:	-7.13%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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