XMONEY - UTK/USD - 1H - Technical analysis published on 02/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.099887 USD
My targets
0.096593 USD (-1.77%)
0.095450 USD (-2.93%)
My analysis
In the short term, we can see an acceleration in the bearish trend on UTRUST - UTK/USD, which is a positive signal for sellers. As long as the price remains above 0.099887 USD, a sale could be considered. The first bearish objective is located at 0.096593 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.095450 USD as an objective. Crossing it would then enable sellers to target 0.085560 USD. If the price were to return above 0.099887 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
UTRUST - UTK/USD rating 0.098330 USD. The price registered a decrease of -0.09% on the session and was between 0.097110 USD and 0.099640 USD. This implies that the price is at +1.26% from its lowest and at -1.31% from its highest.0.097110
0.099640
0.098330
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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:
Technical
A technical analysis in 1H of this UTRUST - UTK/USD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.085560 | 0.095450 | 0.096593 | 0.098330 | 0.098597 | 0.099887 | 0.103618 |
| Change (%) | -12.99% | -2.93% | -1.77% | - | +0.27% | +1.58% | +5.38% |
| Change | -0.012770 | -0.002880 | -0.001737 | - | +0.000267 | +0.001557 | +0.005288 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.090113 | 0.093527 | 0.095973 | 0.099387 | 0.101833 | 0.105247 | 0.107693 |
| Camarilla | 0.096809 | 0.097346 | 0.097883 | 0.098420 | 0.098957 | 0.099494 | 0.100032 |
| Woodie | 0.089630 | 0.093285 | 0.095490 | 0.099145 | 0.101350 | 0.105005 | 0.107210 |
| Fibonacci | 0.093527 | 0.095765 | 0.097148 | 0.099387 | 0.101625 | 0.103008 | 0.105247 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.085267 | 0.093233 | 0.098767 | 0.106733 | 0.112267 | 0.120233 | 0.125767 |
| Camarilla | 0.100588 | 0.101825 | 0.103063 | 0.104300 | 0.105538 | 0.106775 | 0.108013 |
| Woodie | 0.084050 | 0.092625 | 0.097550 | 0.106125 | 0.111050 | 0.119625 | 0.124550 |
| Fibonacci | 0.093233 | 0.098390 | 0.101576 | 0.106733 | 0.111890 | 0.115076 | 0.120233 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.026693 | 0.047697 | 0.072693 | 0.093697 | 0.118693 | 0.139697 | 0.164693 |
| Camarilla | 0.085040 | 0.089257 | 0.093473 | 0.097690 | 0.101907 | 0.106123 | 0.110340 |
| Woodie | 0.028690 | 0.048695 | 0.074690 | 0.094695 | 0.120690 | 0.140695 | 0.166690 |
| Fibonacci | 0.047697 | 0.065269 | 0.076125 | 0.093697 | 0.111269 | 0.122125 | 0.139697 |
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): | 45.37 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -6.379710 | |
| AROON (14): | -85.714286 | |
| DEMA (21): | 0.098487 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.099677 | |
| Elder Ray (13): | -0.000393 | |
| Super Trend (3,10): | 0.101276 | |
| Zig ZAG (10): | 0.098260 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 24.00 | |
| TEMA (21): | 0.097865 | |
| Williams %R (14): | -68.83 | |
| Chande Momentum Oscillator (20): | -0.001230 | |
| Repulse (5,40,3): | 0.2309 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0362 | |
| Courbe Coppock: | 4.64 |
| MA7: | 0.099667 | |
| MA20: | 0.101436 | |
| MA50: | 0.088690 | |
| MA100: | 0.097578 | |
| MAexp7: | 0.098286 | |
| MAexp20: | 0.099003 | |
| MAexp50: | 0.099152 | |
| MAexp100: | 0.099683 | |
| Price / MA7: | -1.34% | |
| Price / MA20: | -3.06% | |
| Price / MA50: | +10.87% | |
| Price / MA100: | +0.77% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.68% | |
| Price / MAexp50: | -0.83% | |
| Price / MAexp100: | -1.36% |
Quotes :
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Real time data
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Cryptocompare
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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