CRESCENT - Daily - Technical analysis published on 02/08/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 0.0082 EUR
My targets
0.0072 EUR (-10.00%)
0.0066 EUR (-17.50%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CRESCENT. As long as you are under the resistance located at 0.0082 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.0072 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.0066 EUR as an objective. If the resistance 0.0082 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CRESCENT price is 0.0080 EUR. The price has increased by +5.26% since the last closing with the lowest point at 0.0076 EUR and the highest point at 0.0080 EUR. The deviation from the price is +5.26% for the low point and 0% for the high point.0.0076
0.0080
0.0080
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CRESCENT in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.0066 | 0.0080 | 0.0091 | 0.0153 | 0.0169 |
| Change (%) | -17.50% | - | +13.75% | +91.25% | +111.25% |
| Change | -0.0014 | - | +0.0011 | +0.0073 | +0.0089 |
| Level | Major | - | Minor | 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 | 0.0073 | 0.0075 | 0.0077 | 0.0079 | 0.0081 | 0.0083 | 0.0085 |
| Camarilla | 0.0079 | 0.0079 | 0.0080 | 0.0080 | 0.0080 | 0.0081 | 0.0081 |
| Woodie | 0.0074 | 0.0075 | 0.0078 | 0.0079 | 0.0082 | 0.0083 | 0.0086 |
| Fibonacci | 0.0075 | 0.0076 | 0.0077 | 0.0079 | 0.0080 | 0.0081 | 0.0083 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0065 | 0.0069 | 0.0075 | 0.0079 | 0.0085 | 0.0089 | 0.0095 |
| Camarilla | 0.0077 | 0.0078 | 0.0079 | 0.0080 | 0.0081 | 0.0082 | 0.0083 |
| Woodie | 0.0065 | 0.0070 | 0.0075 | 0.0080 | 0.0085 | 0.0090 | 0.0095 |
| Fibonacci | 0.0069 | 0.0073 | 0.0076 | 0.0079 | 0.0083 | 0.0086 | 0.0089 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.0054 | 0.0064 | 0.0072 | 0.0082 | 0.0090 | 0.0100 | 0.0108 |
| Camarilla | 0.0075 | 0.0077 | 0.0078 | 0.0080 | 0.0082 | 0.0083 | 0.0085 |
| Woodie | 0.0053 | 0.0064 | 0.0071 | 0.0082 | 0.0089 | 0.0100 | 0.0107 |
| Fibonacci | 0.0064 | 0.0071 | 0.0075 | 0.0082 | 0.0089 | 0.0093 | 0.0100 |
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): | 48.70 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 4.8242 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 0.0077 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.0087 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 0.0087 | |
| Zig ZAG (10): | 0.0080 | |
| VORTEX (21): | 0.8864 | |
| Stochastique (14,3,5): | 46.67 | |
| TEMA (21): | 0.0078 | |
| Williams %R (14): | -40.00 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | 4.0166 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4247 | |
| Courbe Coppock: | 4.08 |
| MA7: | 0.0079 | |
| MA20: | 0.0078 | |
| MA50: | 0.0086 | |
| MA100: | 0.0089 | |
| MAexp7: | 0.0079 | |
| MAexp20: | 0.0080 | |
| MAexp50: | 0.0084 | |
| MAexp100: | 0.0098 | |
| Price / MA7: | +1.27% | |
| Price / MA20: | +2.56% | |
| Price / MA50: | -6.98% | |
| Price / MA100: | -10.11% | |
| Price / MAexp7: | +1.27% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -4.76% | |
| Price / MAexp100: | -18.37% |
Quotes :
-
15 min delayed data
-
Euronext Bruxelles
News
The last news published on CRESCENT at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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