SIACOIN - SC/USD - 1H - Technical analysis published on 09/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 0.004195 USD
My targets
0.004043 USD (-1.65%)
0.003976 USD (-3.28%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on SIACOIN - SC/USD as long as the price remains well below 0.004195 USD. The next bearish objective for sellers is set at 0.004043 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 0.003976 USD. If there is any crossing, the next objective would be the support located at 0.003912 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.2
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.
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Additional analysis
Quotes
The SIACOIN - SC/USD rating is 0.004111 USD. The price registered a decrease of -0.48% on the session and was between 0.004060 USD and 0.004390 USD. This implies that the price is at +1.26% from its lowest and at -6.36% from its highest.0.004060
0.004390
0.004111
Here is a more detailed summary of the historical variations registered by SIACOIN - SC/USD:
Technical
A technical analysis in 1H of this SIACOIN - SC/USD chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 8 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.003912 | 0.003976 | 0.004043 | 0.004111 | 0.004195 | 0.004323 | 0.004449 |
| Change (%) | -4.84% | -3.28% | -1.65% | - | +2.04% | +5.16% | +8.22% |
| Change | -0.000199 | -0.000135 | -0.000068 | - | +0.000084 | +0.000212 | +0.000338 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003766 | 0.003839 | 0.003985 | 0.004058 | 0.004204 | 0.004277 | 0.004423 |
| Camarilla | 0.004071 | 0.004091 | 0.004111 | 0.004131 | 0.004151 | 0.004171 | 0.004191 |
| Woodie | 0.003803 | 0.003857 | 0.004022 | 0.004076 | 0.004241 | 0.004295 | 0.004460 |
| Fibonacci | 0.003839 | 0.003923 | 0.003974 | 0.004058 | 0.004142 | 0.004193 | 0.004277 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003017 | 0.003588 | 0.003913 | 0.004484 | 0.004809 | 0.005380 | 0.005705 |
| Camarilla | 0.003993 | 0.004075 | 0.004157 | 0.004239 | 0.004321 | 0.004403 | 0.004485 |
| Woodie | 0.002895 | 0.003527 | 0.003791 | 0.004423 | 0.004687 | 0.005319 | 0.005583 |
| Fibonacci | 0.003588 | 0.003930 | 0.004141 | 0.004484 | 0.004826 | 0.005037 | 0.005380 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001384 | 0.002396 | 0.003318 | 0.004330 | 0.005252 | 0.006264 | 0.007186 |
| Camarilla | 0.003707 | 0.003884 | 0.004062 | 0.004239 | 0.004416 | 0.004594 | 0.004771 |
| Woodie | 0.001338 | 0.002374 | 0.003272 | 0.004308 | 0.005206 | 0.006242 | 0.007140 |
| Fibonacci | 0.002396 | 0.003135 | 0.003592 | 0.004330 | 0.005069 | 0.005526 | 0.006264 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.14 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 3.574198 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.004179 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.004098 | |
| Elder Ray (13): | -0.000024 | |
| Super Trend (3,10): | 0.004064 | |
| Zig ZAG (10): | 0.004125 | |
| VORTEX (21): | 1.1011 | |
| Stochastique (14,3,5): | 32.62 | |
| TEMA (21): | 0.004202 | |
| Williams %R (14): | -78.48 | |
| Chande Momentum Oscillator (20): | 0.000028 | |
| Repulse (5,40,3): | -1.7177 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0935 | |
| Courbe Coppock: | 4.94 |
| MA7: | 0.004172 | |
| MA20: | 0.004386 | |
| MA50: | 0.004622 | |
| MA100: | 0.004885 | |
| MAexp7: | 0.004174 | |
| MAexp20: | 0.004153 | |
| MAexp50: | 0.004138 | |
| MAexp100: | 0.004164 | |
| Price / MA7: | -1.46% | |
| Price / MA20: | -6.27% | |
| Price / MA50: | -11.06% | |
| Price / MA100: | -15.84% | |
| Price / MAexp7: | -1.51% | |
| Price / MAexp20: | -1.01% | |
| Price / MAexp50: | -0.65% | |
| Price / MAexp100: | -1.27% |
Quotes :
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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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