QTUM - QTUM/USD - 1H - Technical analysis published on 03/17/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
50%
33%
17%
My opinion
Bearish under 4.46 USD
My targets
4.01 USD (-9.55%)
3.70 USD (-16.48%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on QTUM - QTUM/USD as long as the price remains well below 4.46 USD. The sellers' bearish objective is set at 4.01 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.70 USD. In case of crossing, the next objective would be the support located at 3.22 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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Additional analysis
Quotes
QTUM - QTUM/USD rating 4.43 USD. The price registered a decrease of -0.23% on the session and was between 4.13 USD and 4.50 USD. This implies that the price is at +7.26% from its lowest and at -1.56% from its highest.4.13
4.50
4.43
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this QTUM - QTUM/USD chart shows a sharp bearish trend. 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 scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 2.80 | 3.22 | 3.70 | 4.43 | 4.46 | 4.63 | 4.73 |
| Change (%) | -36.79% | -27.31% | -16.48% | - | +0.68% | +4.51% | +6.77% |
| Change | -1.63 | -1.21 | -0.73 | - | +0.03 | +0.20 | +0.30 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.40 | 3.87 | 4.16 | 4.63 | 4.92 | 5.39 | 5.68 |
| Camarilla | 4.23 | 4.30 | 4.37 | 4.44 | 4.51 | 4.58 | 4.65 |
| Woodie | 3.30 | 3.83 | 4.06 | 4.59 | 4.82 | 5.35 | 5.58 |
| Fibonacci | 3.87 | 4.16 | 4.34 | 4.63 | 4.92 | 5.10 | 5.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.80 | 3.57 | 4.01 | 4.78 | 5.22 | 5.99 | 6.43 |
| Camarilla | 4.11 | 4.22 | 4.33 | 4.44 | 4.55 | 4.66 | 4.77 |
| Woodie | 2.63 | 3.49 | 3.84 | 4.70 | 5.05 | 5.91 | 6.26 |
| Fibonacci | 3.57 | 4.04 | 4.32 | 4.78 | 5.25 | 5.53 | 5.99 |
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): | 39.81 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -19.78 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 4.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.14 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 4.48 | |
| Zig ZAG (10): | 4.38 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 57.94 | |
| TEMA (21): | 4.30 | |
| Williams %R (14): | -40.48 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | 1.4000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3400 | |
| Courbe Coppock: | 7.35 |
| MA7: | 5.01 | |
| MA20: | 4.69 | |
| MA50: | 3.73 | |
| MA100: | 3.46 | |
| MAexp7: | 4.37 | |
| MAexp20: | 4.46 | |
| MAexp50: | 4.65 | |
| MAexp100: | 4.83 | |
| Price / MA7: | -11.58% | |
| Price / MA20: | -5.54% | |
| Price / MA50: | +18.77% | |
| Price / MA100: | +28.03% | |
| Price / MAexp7: | +1.37% | |
| Price / MAexp20: | -0.67% | |
| Price / MAexp50: | -4.73% | |
| Price / MAexp100: | -8.28% |
Quotes :
-
Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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