XMONEY - UTK/USD - 1H - Technical analysis published on 05/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.106340 USD
My targets
0.110600 USD (+1.00%)
0.112267 USD (+2.53%)
My analysis
UTRUST - UTK/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.106340 USD. The next resistance located at 0.110600 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.112267 USD. After this resistance, buyers could then target 0.116960 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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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 price is 0.109500 USD. The price has increased by +1.02% since the last closing and was traded between 0.107100 USD and 0.110100 USD over the period. The price is currently at +2.24% from its lowest and -0.54% from its highest.0.107100
0.110100
0.109500
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
Technical
Technical analysis of UTRUST - UTK/USD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. 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 : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.101525 | 0.103100 | 0.106340 | 0.109500 | 0.110600 | 0.112267 | 0.116960 |
| Change (%) | -7.28% | -5.84% | -2.89% | - | +1.00% | +2.53% | +6.81% |
| Change | -0.007975 | -0.006400 | -0.003160 | - | +0.001100 | +0.002767 | +0.007460 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.103833 | 0.105067 | 0.106733 | 0.107967 | 0.109633 | 0.110867 | 0.112533 |
| Camarilla | 0.107603 | 0.107868 | 0.108134 | 0.108400 | 0.108666 | 0.108932 | 0.109198 |
| Woodie | 0.104050 | 0.105175 | 0.106950 | 0.108075 | 0.109850 | 0.110975 | 0.112750 |
| Fibonacci | 0.105067 | 0.106175 | 0.106859 | 0.107967 | 0.109075 | 0.109759 | 0.110867 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.077783 | 0.088047 | 0.097873 | 0.108137 | 0.117963 | 0.128227 | 0.138053 |
| Camarilla | 0.102175 | 0.104017 | 0.105858 | 0.107700 | 0.109542 | 0.111383 | 0.113225 |
| Woodie | 0.077565 | 0.087938 | 0.097655 | 0.108028 | 0.117745 | 0.128118 | 0.137835 |
| Fibonacci | 0.088047 | 0.095721 | 0.100462 | 0.108137 | 0.115811 | 0.120552 | 0.128227 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.051017 | 0.074093 | 0.091247 | 0.114323 | 0.131477 | 0.154553 | 0.171707 |
| Camarilla | 0.097337 | 0.101025 | 0.104712 | 0.108400 | 0.112088 | 0.115776 | 0.119463 |
| Woodie | 0.048055 | 0.072613 | 0.088285 | 0.112843 | 0.128515 | 0.153073 | 0.168745 |
| Fibonacci | 0.074093 | 0.089461 | 0.098956 | 0.114323 | 0.129691 | 0.139186 | 0.154553 |
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): | 55.78 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 0.911491 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.108127 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.107058 | |
| Elder Ray (13): | 0.000471 | |
| Super Trend (3,10): | 0.106210 | |
| Zig ZAG (10): | 0.109100 | |
| VORTEX (21): | 0.9467 | |
| Stochastique (14,3,5): | 67.54 | |
| TEMA (21): | 0.108518 | |
| Williams %R (14): | -26.32 | |
| Chande Momentum Oscillator (20): | 0.002000 | |
| Repulse (5,40,3): | 1.0940 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0059 | |
| Courbe Coppock: | 1.88 |
| MA7: | 0.108686 | |
| MA20: | 0.108661 | |
| MA50: | 0.105748 | |
| MA100: | 0.105953 | |
| MAexp7: | 0.108357 | |
| MAexp20: | 0.107928 | |
| MAexp50: | 0.108032 | |
| MAexp100: | 0.108113 | |
| Price / MA7: | +0.75% | |
| Price / MA20: | +0.77% | |
| Price / MA50: | +3.55% | |
| Price / MA100: | +3.35% | |
| Price / MAexp7: | +1.05% | |
| Price / MAexp20: | +1.46% | |
| Price / MAexp50: | +1.36% | |
| Price / MAexp100: | +1.28% |
Quotes :
-
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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