XMONEY - UTK/USD - 1H - Technical analysis published on 03/28/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 0.096118 USD
My targets
0.091740 USD (-1.08%)
0.085560 USD (-7.74%)
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 UTRUST - UTK/USD. As long as you are under the resistance located at 0.096118 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.091740 USD 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 0.085560 USD as an objective. Crossing it would then enable sellers to target 0.074650 USD. If the resistance 0.096118 USD 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
1.6
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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 UTRUST - UTK/USD rating is 0.092740 USD. The price registered a decrease of -0.01% on the session and was traded between 0.089660 USD and 0.092860 USD over the period. The price is currently at +3.44% from its lowest and -0.13% from its highest.0.089660
0.092860
0.092740
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
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 (1 month)
Type : Bearish
Timeframe : Weekly
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. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
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 | 0.091740 | 0.092730 | 0.092740 | 0.096118 | 0.100140 | 0.102100 |
| Change (%) | -7.74% | -1.08% | -0.01% | - | +3.64% | +7.98% | +10.09% |
| Change | -0.007180 | -0.001000 | -0.000010 | - | +0.003378 | +0.007400 | +0.009360 |
| Level | Intermediate | Major | Intermediate | - | Minor | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.085873 | 0.088597 | 0.090673 | 0.093397 | 0.095473 | 0.098197 | 0.100273 |
| Camarilla | 0.091430 | 0.091870 | 0.092310 | 0.092750 | 0.093190 | 0.093630 | 0.094070 |
| Woodie | 0.085550 | 0.088435 | 0.090350 | 0.093235 | 0.095150 | 0.098035 | 0.099950 |
| Fibonacci | 0.088597 | 0.090430 | 0.091563 | 0.093397 | 0.095230 | 0.096363 | 0.098197 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.078347 | 0.084753 | 0.089587 | 0.095993 | 0.100827 | 0.107233 | 0.112067 |
| Camarilla | 0.091329 | 0.092359 | 0.093390 | 0.094420 | 0.095450 | 0.096481 | 0.097511 |
| Woodie | 0.077560 | 0.084360 | 0.088800 | 0.095600 | 0.100040 | 0.106840 | 0.111280 |
| Fibonacci | 0.084753 | 0.089047 | 0.091700 | 0.095993 | 0.100287 | 0.102940 | 0.107233 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.056550 | 0.076000 | 0.097400 | 0.116850 | 0.138250 | 0.157700 | 0.179100 |
| Camarilla | 0.107566 | 0.111311 | 0.115055 | 0.118800 | 0.122545 | 0.126289 | 0.130034 |
| Woodie | 0.057525 | 0.076488 | 0.098375 | 0.117338 | 0.139225 | 0.158188 | 0.180075 |
| Fibonacci | 0.076000 | 0.091605 | 0.101245 | 0.116850 | 0.132455 | 0.142095 | 0.157700 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.11 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -1.028075 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.090968 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.090441 | |
| Elder Ray (13): | -0.000276 | |
| Super Trend (3,10): | 0.093010 | |
| Zig ZAG (10): | 0.091210 | |
| VORTEX (21): | 0.9509 | |
| Stochastique (14,3,5): | 50.31 | |
| TEMA (21): | 0.091287 | |
| Williams %R (14): | -39.06 | |
| Chande Momentum Oscillator (20): | 0.000140 | |
| Repulse (5,40,3): | 0.7401 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0927 | |
| Courbe Coppock: | 0.05 |
| MA7: | 0.094914 | |
| MA20: | 0.096873 | |
| MA50: | 0.104585 | |
| MA100: | 0.096510 | |
| MAexp7: | 0.091417 | |
| MAexp20: | 0.091620 | |
| MAexp50: | 0.092705 | |
| MAexp100: | 0.094018 | |
| Price / MA7: | -2.29% | |
| Price / MA20: | -4.27% | |
| Price / MA50: | -11.33% | |
| Price / MA100: | -3.91% | |
| Price / MAexp7: | +1.45% | |
| Price / MAexp20: | +1.22% | |
| Price / MAexp50: | +0.04% | |
| 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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