QTUM - QTUM/USD - 1H - Technical analysis published on 06/28/2020 (GMT)
- 295
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 1.63 USD
My targets
1.51 USD (-3.82%)
1.45 USD (-7.64%)
My analysis
QTUM - QTUM/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 1.63 USD. The next support located at 1.51 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 1.45 USD. Below this support, sellers could then target 1.27 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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 AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The QTUM - QTUM/USD price is 1.57 USD. The price is lower by -0.63% since the last closing and was traded between 1.53 USD and 1.58 USD over the period. The price is currently at +2.61% from its lowest and -0.63% from its highest.1.53
1.58
1.57
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of QTUM - QTUM/USD indicates that the overall trend is strongly bearish. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
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 | 1.05 | 1.27 | 1.51 | 1.57 | 1.63 | 1.67 | 1.69 |
| Change (%) | -33.12% | -19.11% | -3.82% | - | +3.82% | +6.37% | +7.64% |
| Change | -0.52 | -0.30 | -0.06 | - | +0.06 | +0.10 | +0.12 |
| Level | Minor | Minor | Intermediate | - | Minor | Major | Major |
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 | 1.29 | 1.41 | 1.49 | 1.61 | 1.69 | 1.81 | 1.89 |
| Camarilla | 1.53 | 1.54 | 1.56 | 1.58 | 1.60 | 1.62 | 1.64 |
| Woodie | 1.28 | 1.40 | 1.48 | 1.60 | 1.68 | 1.80 | 1.88 |
| Fibonacci | 1.41 | 1.48 | 1.53 | 1.61 | 1.68 | 1.73 | 1.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.12 | 1.32 | 1.45 | 1.65 | 1.78 | 1.98 | 2.11 |
| Camarilla | 1.49 | 1.52 | 1.55 | 1.58 | 1.61 | 1.64 | 1.67 |
| Woodie | 1.09 | 1.30 | 1.42 | 1.63 | 1.75 | 1.96 | 2.08 |
| Fibonacci | 1.32 | 1.45 | 1.52 | 1.65 | 1.78 | 1.85 | 1.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.96 | 1.16 | 1.45 | 1.65 | 1.94 | 2.14 | 2.43 |
| Camarilla | 1.62 | 1.66 | 1.71 | 1.75 | 1.80 | 1.84 | 1.89 |
| Woodie | 1.02 | 1.18 | 1.51 | 1.67 | 2.00 | 2.16 | 2.49 |
| Fibonacci | 1.16 | 1.34 | 1.46 | 1.65 | 1.83 | 1.95 | 2.14 |
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): | 38.79 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -25.31 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 1.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.64 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 1.63 | |
| Zig ZAG (10): | 1.56 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 19.17 | |
| TEMA (21): | 1.55 | |
| Williams %R (14): | -76.47 | |
| Chande Momentum Oscillator (20): | -0.10 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2400 | |
| Courbe Coppock: | 13.71 |
| MA7: | 1.70 | |
| MA20: | 1.72 | |
| MA50: | 1.68 | |
| MA100: | 1.54 | |
| MAexp7: | 1.57 | |
| MAexp20: | 1.60 | |
| MAexp50: | 1.65 | |
| MAexp100: | 1.68 | |
| Price / MA7: | -7.65% | |
| Price / MA20: | -8.72% | |
| Price / MA50: | -6.55% | |
| Price / MA100: | +1.95% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -1.88% | |
| Price / MAexp50: | -4.85% | |
| Price / MAexp100: | -6.55% |
Quotes :
2020-06-28 03:10:50
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis QTUM - QTUM/USD - 1H