CARBON PROTOCOL - SWTH/USDT

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Type:	Cryptocurrencies
Ticker:	SWTHUSDT
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CARBON PROTOCOL - SWTH/USDT - Daily - Technical analysis published on 06/17/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Court terme: Bullish

De fond: Bullish

Technical indicators

61%

33%

My opinion

Bullish above 0.004288 USDT

My targets

0.005144 USDT (+16.91%)

0.005785 USDT (+31.48%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on Switcheo - SWTH/USDT as long as the price remains well above 0.004288 USDT. The buyers” bullish objective is set at 0.005144 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.005785 USDT. If there is any crossing, the next objective would be the resistance located at 0.007392 USDT. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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

Additional analysis

Quotes

Switcheo - SWTH/USDT rating 0.004400 USDT. On the day, this instrument gained +4.02% and was between 0.004299 USDT and 0.004493 USDT. This implies that the price is at +2.35% from its lowest and at -2.07% from its highest.

0.004299

0.004493

0.004400

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in Daily of this Switcheo - SWTH/USDT chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.003113	0.003755	0.004288	0.004400	0.005144	0.005785	0.007392
Change (%)	-29.25%	-14.66%	-2.55%	-	+16.91%	+31.48%	+68.00%
Change	-0.001287	-0.000645	-0.000112	-	+0.000744	+0.001385	+0.002992
Level	Minor	Intermediate	Minor	-	Intermediate	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.003665	0.003941	0.004086	0.004362	0.004507	0.004783	0.004928
Camarilla	0.004114	0.004153	0.004191	0.004230	0.004269	0.004307	0.004346
Woodie	0.003599	0.003908	0.004020	0.004329	0.004440	0.004750	0.004862
Fibonacci	0.003941	0.004102	0.004202	0.004362	0.004523	0.004623	0.004783

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.003417	0.003698	0.004102	0.004383	0.004787	0.005068	0.005472
Camarilla	0.004317	0.004379	0.004442	0.004505	0.004568	0.004631	0.004693
Woodie	0.003478	0.003729	0.004163	0.004414	0.004848	0.005099	0.005532
Fibonacci	0.003698	0.003960	0.004122	0.004383	0.004645	0.004807	0.005068

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):	51.76
MACD (12,26,9):	-0.0000
Directional Movement:	13.818866
AROON (14):	-14.285714
DEMA (21):	0.004305
Parabolic SAR (0,02-0,02-0,2):	0.004692
Elder Ray (13):	0.000079
Super Trend (3,10):	0.003585
Zig ZAG (10):	0.004400
VORTEX (21):	0.9723
Stochastique (14,3,5):	62.28
TEMA (21):	0.004320
Williams %R (14):	-34.90
Chande Momentum Oscillator (20):	0.000356
Repulse (5,40,3):	-2.9959
ROCnROLL:	1
TRIX (15,9):	-0.0744
Courbe Coppock:	3.09

MA7:	0.004357
MA20:	0.004328
MA50:	0.004284
MA100:	0.004366
MAexp7:	0.004336
MAexp20:	0.004318
MAexp50:	0.004337
MAexp100:	0.004370
Price / MA7:	+0.99%
Price / MA20:	+1.66%
Price / MA50:	+2.71%
Price / MA100:	+0.78%
Price / MAexp7:	+1.48%
Price / MAexp20:	+1.90%
Price / MAexp50:	+1.45%
Price / MAexp100:	+0.69%

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

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