Londinia Opportunities Analyses - 05/16/2024 (GMT) METAPLEX - MPLX/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | MPLXUSDT |
| ISIN: |
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 0.301544 USDT
My targets
0.282501 USDT (-3.98%)
0.269616 USDT (-8.36%)
My analysis
The bearish trend is currently very strong for METAPLEX - MPLX/USDT. As long as the price remains below the resistance at 0.301544 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.282501 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.269616 USDT as an objective. Crossing it would then enable sellers to target 0.213972 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8.4
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Additional analysis
Quotes
The METAPLEX - MPLX/USDT price is 0.294223 USDT. The price is lower by -6.54% since the last closing and was between 0.292967 USDT and 0.331358 USDT. This implies that the price is at +0.43% from its lowest and at -11.21% from its highest.0.292967
0.331358
0.294223
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of METAPLEX - MPLX/USDT indicates that the overall trend is strongly bearish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
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 | 0.213972 | 0.269616 | 0.282501 | 0.294223 | 0.301544 | 0.318621 | 0.339426 |
| Change (%) | -27.28% | -8.36% | -3.98% | - | +2.49% | +8.29% | +15.36% |
| Change | -0.080251 | -0.024607 | -0.011722 | - | +0.007321 | +0.024398 | +0.045203 |
| Level | Minor | Major | Minor | - | Minor | Major | 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 | 0.198760 | 0.235426 | 0.275112 | 0.311778 | 0.351464 | 0.388130 | 0.427816 |
| Camarilla | 0.293801 | 0.300800 | 0.307799 | 0.314798 | 0.321797 | 0.328796 | 0.335795 |
| Woodie | 0.200270 | 0.236181 | 0.276622 | 0.312533 | 0.352974 | 0.388885 | 0.429326 |
| Fibonacci | 0.235426 | 0.264593 | 0.282612 | 0.311778 | 0.340945 | 0.358964 | 0.388130 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.169792 | 0.213829 | 0.285806 | 0.329843 | 0.401820 | 0.445857 | 0.517834 |
| Camarilla | 0.325880 | 0.336515 | 0.347149 | 0.357784 | 0.368419 | 0.379053 | 0.389688 |
| Woodie | 0.183763 | 0.220814 | 0.299777 | 0.336828 | 0.415791 | 0.452842 | 0.531805 |
| Fibonacci | 0.213829 | 0.258146 | 0.285525 | 0.329843 | 0.374160 | 0.401539 | 0.445857 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.029023 | 0.085919 | 0.196035 | 0.310977 | 0.421093 | 0.536035 | 0.646151 |
| Camarilla | 0.244259 | 0.264889 | 0.285520 | 0.306150 | 0.326780 | 0.347411 | 0.368041 |
| Woodie | -0.031437 | 0.084713 | 0.193621 | 0.309771 | 0.418679 | 0.534829 | 0.643737 |
| Fibonacci | 0.085919 | 0.171892 | 0.225005 | 0.310977 | 0.396950 | 0.450063 | 0.536035 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 31.12 | |
| MACD (12,26,9): | -0.0065 | |
| Directional Movement: | -28.794944 | |
| AROON (14): | -92.857143 | |
| DEMA (21): | 0.302683 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.316646 | |
| Elder Ray (13): | -0.011988 | |
| Super Trend (3,10): | 0.310138 | |
| Zig ZAG (10): | 0.294510 | |
| VORTEX (21): | 0.8371 | |
| Stochastique (14,3,5): | 3.68 | |
| TEMA (21): | 0.299401 | |
| Williams %R (14): | -96.37 | |
| Chande Momentum Oscillator (20): | -0.034834 | |
| Repulse (5,40,3): | -2.5527 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1426 | |
| Courbe Coppock: | 13.26 |
| MA7: | 0.339698 | |
| MA20: | 0.313861 | |
| MA50: | 0.305274 | |
| MA100: | 0.256604 | |
| MAexp7: | 0.300910 | |
| MAexp20: | 0.310033 | |
| MAexp50: | 0.319181 | |
| MAexp100: | 0.327475 | |
| Price / MA7: | -13.39% | |
| Price / MA20: | -6.26% | |
| Price / MA50: | -3.62% | |
| Price / MA100: | +14.66% | |
| Price / MAexp7: | -2.22% | |
| Price / MAexp20: | -5.10% | |
| Price / MAexp50: | -7.82% | |
| Price / MAexp100: | -10.15% |
Quotes :
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Real time data
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Cryptocompare