SIACOIN - SC/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	SCUSD
ISIN:

SIACOIN - SC/USD - 1H - Technical analysis published on 12/30/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

44%

28%

My opinion

Bearish under 0.005688 USD

My targets

0.005109 USD (-7.31%)

0.005051 USD (-8.36%)

My analysis

The bearish basic trend is very strong on SIACOIN - SC/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.005688 USD. Crossing the first support at 0.005109 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.005051 USD as an objective. Crossing it would then enable sellers to target 0.004871 USD. Caution, a return to above the resistance located at 0.005688 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

Force

4.1

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 SIACOIN - SC/USD price is 0.005512 USD. On the day, this instrument lost -0.61% and was between 0.005005 USD and 0.005744 USD. This implies that the price is at +10.13% from its lowest and at -4.04% from its highest.

0.005005

0.005744

0.005512

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 (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of SIACOIN - SC/USD indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by 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

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Black marubozu

Type : Bearish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.004871	0.005051	0.005499	0.005512	0.005688	0.005820	0.005957
Change (%)	-11.63%	-8.36%	-0.24%	-	+3.19%	+5.59%	+8.07%
Change	-0.000641	-0.000461	-0.000013	-	+0.000176	+0.000308	+0.000445
Level	Intermediate	Intermediate	Major	-	Intermediate	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.005001	0.005231	0.005388	0.005618	0.005775	0.006005	0.006162
Camarilla	0.005440	0.005475	0.005511	0.005546	0.005582	0.005617	0.005652
Woodie	0.004966	0.005213	0.005353	0.005600	0.005740	0.005987	0.006127
Fibonacci	0.005231	0.005379	0.005470	0.005618	0.005766	0.005857	0.006005

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.003940	0.004400	0.005109	0.005569	0.006278	0.006738	0.007447
Camarilla	0.005498	0.005605	0.005712	0.005819	0.005926	0.006033	0.006141
Woodie	0.004066	0.004462	0.005235	0.005631	0.006404	0.006800	0.007573
Fibonacci	0.004400	0.004846	0.005122	0.005569	0.006015	0.006291	0.006738

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001895	0.003165	0.005257	0.006527	0.008619	0.009889	0.011981
Camarilla	0.006425	0.006733	0.007041	0.007349	0.007657	0.007965	0.008274
Woodie	0.002306	0.003371	0.005668	0.006733	0.009030	0.010095	0.012392
Fibonacci	0.003165	0.004449	0.005243	0.006527	0.007811	0.008605	0.009889

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):	47.74
MACD (12,26,9):	-0.0001
Directional Movement:	-27.650621
AROON (14):	-85.714286
DEMA (21):	0.005424
Parabolic SAR (0,02-0,02-0,2):	0.005545
Elder Ray (13):	-0.000216
Super Trend (3,10):	0.005546
Zig ZAG (10):	0.005490
VORTEX (21):	0.7886
Stochastique (14,3,5):	51.65
TEMA (21):	0.005391
Williams %R (14):	-34.37
Chande Momentum Oscillator (20):	-0.000196
Repulse (5,40,3):	6.7621
ROCnROLL:	-1
TRIX (15,9):	-0.1304
Courbe Coppock:	8.36

MA7:	0.005630
MA20:	0.006001
MA50:	0.006362
MA100:	0.005564
MAexp7:	0.005436
MAexp20:	0.005448
MAexp50:	0.005556
MAexp100:	0.005580
Price / MA7:	-2.10%
Price / MA20:	-8.15%
Price / MA50:	-13.36%
Price / MA100:	-0.93%
Price / MAexp7:	+1.40%
Price / MAexp20:	+1.17%
Price / MAexp50:	-0.79%
Price / MAexp100:	-1.22%

Quotes : - Real time data - Cryptocompare

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

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Londinia AI

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