CARBON - SWTH/USDT - Daily - Technical analysis published on 08/24/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
56%
17%
28%
My opinion
Bullish above 0.003096 USDT
My targets
0.003752 USDT (+6.68%)
0.005149 USDT (+46.40%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for Switcheo - SWTH/USDT as long as the price remains well above 0.003096 USDT. The buyers” bullish objective is set at 0.003752 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.005149 USDT. If there is any crossing, the next objective would be the resistance located at 0.005785 USDT. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.003752 USDT. On this resistance, against the trend traders who would like to go short on Switcheo - SWTH/USDT with a bearish signal from their trading strategy, should not hesitate to act.
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
The Switcheo - SWTH/USDT price is 0.003517 USDT. On the day, this instrument gained +25.79% with the lowest point at 0.002739 USDT and the highest point at 0.004790 USDT. The deviation from the price is +28.40% for the low point and -26.58% for the high point.0.002739
0.004790
0.003517
The Central Gaps scanner detects a bullish 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
Technical
Technical analysis of Switcheo - SWTH/USDT in Daily shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish 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 technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami cross
Type : Bearish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.002510 | 0.003096 | 0.003517 | 0.003752 | 0.005149 | 0.005785 |
| Change (%) | -28.63% | -11.97% | - | +6.68% | +46.40% | +64.49% |
| Change | -0.001007 | -0.000421 | - | +0.000235 | +0.001632 | +0.002268 |
| Level | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
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 | 0.002688 | 0.002709 | 0.002753 | 0.002774 | 0.002818 | 0.002839 | 0.002883 |
| Camarilla | 0.002778 | 0.002784 | 0.002790 | 0.002796 | 0.002802 | 0.002808 | 0.002814 |
| Woodie | 0.002699 | 0.002715 | 0.002764 | 0.002780 | 0.002829 | 0.002845 | 0.002894 |
| Fibonacci | 0.002709 | 0.002734 | 0.002750 | 0.002774 | 0.002799 | 0.002815 | 0.002839 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001454 | 0.001982 | 0.002246 | 0.002774 | 0.003038 | 0.003566 | 0.003830 |
| Camarilla | 0.002292 | 0.002365 | 0.002437 | 0.002510 | 0.002583 | 0.002655 | 0.002728 |
| Woodie | 0.001322 | 0.001916 | 0.002114 | 0.002708 | 0.002906 | 0.003500 | 0.003698 |
| Fibonacci | 0.001982 | 0.002285 | 0.002472 | 0.002774 | 0.003077 | 0.003264 | 0.003566 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.000080 | 0.001460 | 0.002410 | 0.003950 | 0.004900 | 0.006440 | 0.007390 |
| Camarilla | 0.002675 | 0.002904 | 0.003132 | 0.003360 | 0.003588 | 0.003817 | 0.004045 |
| Woodie | -0.000375 | 0.001313 | 0.002115 | 0.003803 | 0.004605 | 0.006293 | 0.007095 |
| Fibonacci | 0.001460 | 0.002411 | 0.002999 | 0.003950 | 0.004901 | 0.005489 | 0.006440 |
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): | 56.93 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 33.381408 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.002812 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.002543 | |
| Elder Ray (13): | 0.000784 | |
| Super Trend (3,10): | 0.003549 | |
| Zig ZAG (10): | 0.003517 | |
| VORTEX (21): | 0.8705 | |
| Stochastique (14,3,5): | 42.18 | |
| TEMA (21): | 0.002864 | |
| Williams %R (14): | -55.83 | |
| Chande Momentum Oscillator (20): | 0.000306 | |
| Repulse (5,40,3): | 2.1494 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.9846 | |
| Courbe Coppock: | 22.05 |
| MA7: | 0.002870 | |
| MA20: | 0.003024 | |
| MA50: | 0.003468 | |
| MA100: | 0.003990 | |
| MAexp7: | 0.002946 | |
| MAexp20: | 0.003053 | |
| MAexp50: | 0.003421 | |
| MAexp100: | 0.003751 | |
| Price / MA7: | +22.54% | |
| Price / MA20: | +16.30% | |
| Price / MA50: | +1.41% | |
| Price / MA100: | -11.85% | |
| Price / MAexp7: | +19.38% | |
| Price / MAexp20: | +15.20% | |
| Price / MAexp50: | +2.81% | |
| Price / MAexp100: | -6.24% |
This member declared not having a position on this financial instrument or a related financial instrument.
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