QTUM - QTUM/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	QTUMUSD
ISIN:

QTUM - QTUM/USD - Daily - Technical analysis published on 03/12/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

22%

56%

22%

My opinion

Bearish under 3.02 USD

My targets

2.62 USD (-5.07%)

2.45 USD (-11.23%)

My analysis

The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for QTUM - QTUM/USD as long as the price remains well below 3.02 USD. The sellers' bearish objective is set at 2.62 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.45 USD. If there is any crossing, the next objective would be the support located at 1.98 USD.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

2.5

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

Additional analysis

Quotes

The QTUM - QTUM/USD rating is 2.76 USD. On the day, this instrument gained +8.24% and was traded between 2.48 USD and 2.81 USD over the period. The price is currently at +11.29% from its lowest and -1.78% from its highest.

2.48

2.81

2.76

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of QTUM - QTUM/USD indicates that the overall trend is not clearly defined. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any 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 : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

Three black crows

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.98	2.45	2.62	2.76	3.02	3.52	3.70
Change (%)	-28.26%	-11.23%	-5.07%	-	+9.42%	+27.54%	+34.06%
Change	-0.78	-0.31	-0.14	-	+0.26	+0.76	+0.94
Level	Intermediate	Major	Intermediate	-	Major	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.05	2.22	2.38	2.55	2.71	2.88	3.04
Camarilla	2.46	2.49	2.52	2.55	2.58	2.61	2.64
Woodie	2.06	2.22	2.39	2.55	2.72	2.88	3.05
Fibonacci	2.22	2.34	2.42	2.55	2.67	2.75	2.88

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.28	1.83	2.19	2.74	3.10	3.65	4.01
Camarilla	2.30	2.38	2.47	2.55	2.63	2.72	2.80
Woodie	1.19	1.78	2.10	2.69	3.01	3.60	3.92
Fibonacci	1.83	2.18	2.39	2.74	3.09	3.30	3.65

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.19	0.93	2.08	3.20	4.35	5.47	6.62
Camarilla	2.62	2.82	3.03	3.24	3.45	3.66	3.86
Woodie	-0.17	0.94	2.11	3.21	4.38	5.48	6.65
Fibonacci	0.93	1.79	2.33	3.20	4.06	4.60	5.47

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):	39.97
MACD (12,26,9):	-0.1000
Directional Movement:	-0.92
AROON (14):	-71.43
DEMA (21):	2.89
Parabolic SAR (0,02-0,02-0,2):	3.34
Elder Ray (13):	-0.25
Super Trend (3,10):	3.54
Zig ZAG (10):	2.59
VORTEX (21):	0.9300
Stochastique (14,3,5):	14.44
TEMA (21):	2.68
Williams %R (14):	-81.36
Chande Momentum Oscillator (20):	-0.64
Repulse (5,40,3):	-7.2200
ROCnROLL:	2
TRIX (15,9):	0.0800
Courbe Coppock:	38.47

MA7:	2.78
MA20:	3.14
MA50:	2.93
MA100:	2.52
MAexp7:	2.74
MAexp20:	2.96
MAexp50:	2.88
MAexp100:	2.74
Price / MA7:	-0.72%
Price / MA20:	-12.10%
Price / MA50:	-5.80%
Price / MA100:	+9.52%
Price / MAexp7:	+0.73%
Price / MAexp20:	-6.76%
Price / MAexp50:	-4.17%
Price / MAexp100:	+0.73%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia AI

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