Londinia Opportunities Analyses - 12/31/2024 (GMT) OPEN CUSTODY PROTOCOL - OPEN/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | OPENUSDT |
| ISIN: |
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.009192 USDT
My targets
0.008638 USDT (-4.17%)
0.008476 USDT (-5.97%)
My analysis
OPEN CUSTODY PROTOCOL - OPEN/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.009192 USDT. The next support located at 0.008638 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.008476 USDT. Below this support, sellers could then target 0.007398 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5
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Additional analysis
Quotes
The OPEN CUSTODY PROTOCOL - OPEN/USDT price is 0.009014 USDT. The price registered a decrease of -2.97% on the session and was traded between 0.008962 USDT and 0.009485 USDT over the period. The price is currently at +0.58% from its lowest and -4.97% from its highest.0.008962
0.009485
0.009014
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
Here is a more detailed summary of the historical variations registered by OPEN CUSTODY PROTOCOL - OPEN/USDT:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this OPEN CUSTODY PROTOCOL - OPEN/USDT chart shows a sharp bearish trend. 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.
In fact, 11 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.006350 | 0.007398 | 0.008476 | 0.009014 | 0.009192 | 0.009703 | 0.010050 |
| Change (%) | -29.55% | -17.93% | -5.97% | - | +1.97% | +7.64% | +11.49% |
| Change | -0.002664 | -0.001616 | -0.000538 | - | +0.000178 | +0.000689 | +0.001036 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | 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 | 0.008611 | 0.008901 | 0.009096 | 0.009386 | 0.009581 | 0.009871 | 0.010066 |
| Camarilla | 0.009157 | 0.009201 | 0.009246 | 0.009290 | 0.009335 | 0.009379 | 0.009423 |
| Woodie | 0.008563 | 0.008877 | 0.009048 | 0.009362 | 0.009533 | 0.009847 | 0.010018 |
| Fibonacci | 0.008901 | 0.009087 | 0.009201 | 0.009386 | 0.009572 | 0.009686 | 0.009871 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007893 | 0.008638 | 0.009240 | 0.009985 | 0.010587 | 0.011332 | 0.011934 |
| Camarilla | 0.009471 | 0.009594 | 0.009718 | 0.009841 | 0.009965 | 0.010088 | 0.010211 |
| Woodie | 0.007821 | 0.008602 | 0.009168 | 0.009949 | 0.010515 | 0.011296 | 0.011862 |
| Fibonacci | 0.008638 | 0.009153 | 0.009471 | 0.009985 | 0.010500 | 0.010818 | 0.011332 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.016457 | -0.005163 | 0.003883 | 0.015177 | 0.024223 | 0.035517 | 0.044563 |
| Camarilla | 0.007337 | 0.009201 | 0.011066 | 0.012930 | 0.014795 | 0.016659 | 0.018524 |
| Woodie | -0.017580 | -0.005725 | 0.002760 | 0.014615 | 0.023100 | 0.034955 | 0.043440 |
| Fibonacci | -0.005163 | 0.002607 | 0.007407 | 0.015177 | 0.022947 | 0.027747 | 0.035517 |
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): | 38.30 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -12.743722 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.009105 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.009429 | |
| Elder Ray (13): | -0.000141 | |
| Super Trend (3,10): | 0.009307 | |
| Zig ZAG (10): | 0.009027 | |
| VORTEX (21): | 0.8061 | |
| Stochastique (14,3,5): | 7.84 | |
| TEMA (21): | 0.009101 | |
| Williams %R (14): | -87.57 | |
| Chande Momentum Oscillator (20): | -0.000059 | |
| Repulse (5,40,3): | -1.2362 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0973 | |
| Courbe Coppock: | 0.86 |
| MA7: | 0.009614 | |
| MA20: | 0.010877 | |
| MA50: | 0.011619 | |
| MA100: | 0.009876 | |
| MAexp7: | 0.009115 | |
| MAexp20: | 0.009208 | |
| MAexp50: | 0.009357 | |
| MAexp100: | 0.009524 | |
| Price / MA7: | -6.24% | |
| Price / MA20: | -17.13% | |
| Price / MA50: | -22.42% | |
| Price / MA100: | -8.73% | |
| Price / MAexp7: | -1.11% | |
| Price / MAexp20: | -2.11% | |
| Price / MAexp50: | -3.67% | |
| Price / MAexp100: | -5.35% |
Quotes :
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Real time data
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Cryptocompare