Londinia Opportunities Analyses - 11/20/2024 (GMT) MX TOKEN - MX/USDT - 1H

- USDT (-)

- Real time data - Cryptocompare

Type:	Cryptocurrencies
Ticker:	MXUSDT
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

Cryptocurrencies
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 2.90 USDT

My targets

3.00 USDT (+2.04%)

3.23 USDT (+9.86%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MX TOKEN - MX/USDT as long as the price remains well above 2.90 USDT. The buyers' bullish objective is set at 3.00 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.23 USDT. If there is any crossing, the next objective would be the resistance located at 3.42 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

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.

Additional analysis

Quotes

The MX TOKEN - MX/USDT rating is 2.94 USDT. The price is lower by -1.01% since the last closing and was traded between 2.86 USDT and 2.98 USDT over the period. The price is currently at +2.80% from its lowest and -1.34% from its highest.

2.86

2.98

2.94

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

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in 1H of this MX TOKEN - MX/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back under 0

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 a result that can have an impact on the price change:

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.80	2.85	2.90	2.94	3.00	3.23	3.42
Change (%)	-4.76%	-3.06%	-1.36%	-	+2.04%	+9.86%	+16.33%
Change	-0.14	-0.09	-0.04	-	+0.06	+0.29	+0.48
Level	Minor	Minor	Major	-	Intermediate	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	2.66	2.74	2.85	2.93	3.04	3.12	3.23
Camarilla	2.92	2.94	2.95	2.97	2.99	3.01	3.02
Woodie	2.69	2.75	2.88	2.94	3.07	3.13	3.26
Fibonacci	2.74	2.81	2.85	2.93	3.00	3.04	3.12

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.14	2.38	2.62	2.86	3.10	3.34	3.58
Camarilla	2.73	2.77	2.82	2.86	2.90	2.95	2.99
Woodie	2.14	2.38	2.62	2.86	3.10	3.34	3.58
Fibonacci	2.38	2.56	2.68	2.86	3.04	3.16	3.34

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.83	2.27	2.52	2.96	3.21	3.65	3.90
Camarilla	2.59	2.65	2.72	2.78	2.84	2.91	2.97
Woodie	1.75	2.22	2.44	2.91	3.13	3.60	3.82
Fibonacci	2.27	2.53	2.69	2.96	3.22	3.38	3.65

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):	58.30
MACD (12,26,9):	0.0200
Directional Movement:	5.28
AROON (14):	-71.43
DEMA (21):	2.94
Parabolic SAR (0,02-0,02-0,2):	2.86
Elder Ray (13):	0.04
Super Trend (3,10):	2.87
Zig ZAG (10):	2.95
VORTEX (21):	1.1300
Stochastique (14,3,5):	60.35
TEMA (21):	2.94
Williams %R (14):	-33.31
Chande Momentum Oscillator (20):	0.02
Repulse (5,40,3):	0.5700
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	0.74

MA7:	2.86
MA20:	2.83
MA50:	2.98
MA100:	3.35
MAexp7:	2.93
MAexp20:	2.92
MAexp50:	2.89
MAexp100:	2.87
Price / MA7:	+2.80%
Price / MA20:	+3.89%
Price / MA50:	-1.34%
Price / MA100:	-12.24%
Price / MAexp7:	+0.34%
Price / MAexp20:	+0.68%
Price / MAexp50:	+1.73%
Price / MAexp100:	+2.44%

Quotes : - Real time data - Cryptocompare