KOMODO - KMD/USD - Daily - Technical analysis published on 06/26/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 0.270000 USD
My targets
0.230000 USD (-8.00%)
0.200000 USD (-20.00%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.270000 USD remains possible. It is advisable to trade KOMODO - KMD/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.270000 USD. The next bearish objective for sellers is set at 0.230000 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.200000 USD. In case of crossing, the next objective would be the support located at 0.180000 USD. PS: if there is a bullish break in the resistance located at 0.270000 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The KOMODO - KMD/USD rating is 0.250000 USD. The price has increased by +4.17% since the last closing and was traded between 0.240000 USD and 0.250000 USD over the period. The price is currently at +4.17% from its lowest and 0% from its highest.0.240000
0.250000
0.250000
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of KOMODO - KMD/USD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.180000 | 0.200000 | 0.230000 | 0.250000 | 0.270000 | 0.320000 | 0.340000 |
| Change (%) | -28.00% | -20.00% | -8.00% | - | +8.00% | +28.00% | +36.00% |
| Change | -0.070000 | -0.050000 | -0.020000 | - | +0.020000 | +0.070000 | +0.090000 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Minor |
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 | 0.213333 | 0.226667 | 0.233333 | 0.246667 | 0.253333 | 0.266667 | 0.273333 |
| Camarilla | 0.234500 | 0.236333 | 0.238167 | 0.240000 | 0.241833 | 0.243667 | 0.245500 |
| Woodie | 0.210000 | 0.225000 | 0.230000 | 0.245000 | 0.250000 | 0.265000 | 0.270000 |
| Fibonacci | 0.226667 | 0.234307 | 0.239027 | 0.246667 | 0.254307 | 0.259027 | 0.266667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.203333 | 0.216667 | 0.233333 | 0.246667 | 0.263333 | 0.276667 | 0.293333 |
| Camarilla | 0.241750 | 0.244500 | 0.247250 | 0.250000 | 0.252750 | 0.255500 | 0.258250 |
| Woodie | 0.205000 | 0.217500 | 0.235000 | 0.247500 | 0.265000 | 0.277500 | 0.295000 |
| Fibonacci | 0.216667 | 0.228127 | 0.235207 | 0.246667 | 0.258127 | 0.265207 | 0.276667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.186667 | 0.223333 | 0.246667 | 0.283333 | 0.306667 | 0.343333 | 0.366667 |
| Camarilla | 0.253500 | 0.259000 | 0.264500 | 0.270000 | 0.275500 | 0.281000 | 0.286500 |
| Woodie | 0.180000 | 0.220000 | 0.240000 | 0.280000 | 0.300000 | 0.340000 | 0.360000 |
| Fibonacci | 0.223333 | 0.246253 | 0.260413 | 0.283333 | 0.306253 | 0.320413 | 0.343333 |
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): | 41.55 | |
| MACD (12,26,9): | -0.0089 | |
| Directional Movement: | 3.026309 | |
| AROON (14): | -21.428571 | |
| DEMA (21): | 0.236126 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.260000 | |
| Elder Ray (13): | 0.000286 | |
| Super Trend (3,10): | 0.297572 | |
| Zig ZAG (10): | 0.250000 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 52.62 | |
| TEMA (21): | 0.238098 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.020000 | |
| Repulse (5,40,3): | 0.8901 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.6249 | |
| Courbe Coppock: | 8.95 |
| MA7: | 0.244286 | |
| MA20: | 0.245000 | |
| MA50: | 0.269200 | |
| MA100: | 0.284700 | |
| MAexp7: | 0.244331 | |
| MAexp20: | 0.247547 | |
| MAexp50: | 0.264701 | |
| MAexp100: | 0.271958 | |
| Price / MA7: | +2.34% | |
| Price / MA20: | +2.04% | |
| Price / MA50: | -7.13% | |
| Price / MA100: | -12.19% | |
| Price / MAexp7: | +2.32% | |
| Price / MAexp20: | +0.99% | |
| Price / MAexp50: | -5.55% | |
| Price / MAexp100: | -8.07% |
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.
About author
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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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