QTUM - QTUM/USD - 1H - Technical analysis published on 03/04/2024 (GMT)
- 150
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 3.98 USD
My targets
5.09 USD (+8.00%)
5.82 USD (+23.63%)
My analysis
QTUM - QTUM/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3.98 USD. The next resistance located at 5.09 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5.82 USD. After this resistance, buyers could then target 8.79 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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
QTUM - QTUM/USD rating 4.71 USD. The price registered an increase of +12.68% on the session and was between 4.13 USD and 4.86 USD. This implies that the price is at +14.04% from its lowest and at -3.09% from its highest.4.13
4.86
4.71
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of QTUM - QTUM/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.28 | 3.47 | 3.70 | 4.71 | 8.79 | 11.70 | 17.87 |
| Change (%) | -30.36% | -26.33% | -21.44% | - | +86.62% | +148.41% | +279.41% |
| Change | -1.43 | -1.24 | -1.01 | - | +4.08 | +6.99 | +13.16 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | 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 | 2.98 | 3.31 | 3.74 | 4.07 | 4.50 | 4.83 | 5.26 |
| Camarilla | 3.97 | 4.04 | 4.11 | 4.18 | 4.25 | 4.32 | 4.39 |
| Woodie | 3.04 | 3.34 | 3.80 | 4.10 | 4.56 | 4.86 | 5.32 |
| Fibonacci | 3.31 | 3.60 | 3.78 | 4.07 | 4.36 | 4.54 | 4.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.49 | 2.87 | 3.60 | 3.98 | 4.71 | 5.09 | 5.82 |
| Camarilla | 4.04 | 4.14 | 4.24 | 4.34 | 4.44 | 4.54 | 4.65 |
| Woodie | 2.68 | 2.96 | 3.79 | 4.07 | 4.90 | 5.18 | 6.01 |
| Fibonacci | 2.87 | 3.29 | 3.55 | 3.98 | 4.40 | 4.66 | 5.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.92 | 2.34 | 3.00 | 3.42 | 4.08 | 4.50 | 5.16 |
| Camarilla | 3.35 | 3.45 | 3.55 | 3.65 | 3.75 | 3.85 | 3.95 |
| Woodie | 2.03 | 2.40 | 3.11 | 3.48 | 4.19 | 4.56 | 5.27 |
| Fibonacci | 2.34 | 2.76 | 3.01 | 3.42 | 3.84 | 4.09 | 4.50 |
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): | 62.37 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 0.98 | |
| AROON (14): | 7.15 | |
| DEMA (21): | 4.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.05 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 4.26 | |
| Zig ZAG (10): | 4.24 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 78.02 | |
| TEMA (21): | 4.22 | |
| Williams %R (14): | -21.43 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | 2.8500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 3.55 |
| MA7: | 3.91 | |
| MA20: | 3.52 | |
| MA50: | 3.17 | |
| MA100: | 3.21 | |
| MAexp7: | 4.22 | |
| MAexp20: | 4.19 | |
| MAexp50: | 4.12 | |
| MAexp100: | 3.99 | |
| Price / MA7: | +20.46% | |
| Price / MA20: | +33.81% | |
| Price / MA50: | +48.58% | |
| Price / MA100: | +46.73% | |
| Price / MAexp7: | +11.61% | |
| Price / MAexp20: | +12.41% | |
| Price / MAexp50: | +14.32% | |
| Price / MAexp100: | +18.05% |
Quotes :
-
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