XMONEY - UTK/USD - 1H - Technical analysis published on 05/13/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 0.092077 USD
My targets
0.087150 USD (-1.64%)
0.085560 USD (-3.43%)
My analysis
In a bearish trend, the price of UTRUST - UTK/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.092077 USD. A bearish break in the support located at 0.087150 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.085560 USD. Then 0.074650 USD by extension. It would be safer to wait for a bearish break in the support located at 0.087150 USD before allowing yourself to re trade short positions (for sale) on UTRUST - UTK/USD. PS: if there is a bullish break in the resistance located at 0.092077 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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
0
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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 0.088600 USD. The price is lower by -0.07% since the last closing and was between 0.088110 USD and 0.089470 USD. This implies that the price is at +0.56% from its lowest and at -0.97% from its highest.0.088110
0.089470
0.088600
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
Technical analysis of UTRUST - UTK/USD in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
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.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.074650 | 0.085560 | 0.087150 | 0.088600 | 0.089090 | 0.092077 | 0.095960 |
| Change (%) | -15.74% | -3.43% | -1.64% | - | +0.55% | +3.92% | +8.31% |
| Change | -0.013950 | -0.003040 | -0.001450 | - | +0.000490 | +0.003477 | +0.007360 |
| Level | Minor | Major | Minor | - | 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 | 0.080490 | 0.082580 | 0.085620 | 0.087710 | 0.090750 | 0.092840 | 0.095880 |
| Camarilla | 0.087249 | 0.087720 | 0.088190 | 0.088660 | 0.089130 | 0.089601 | 0.090071 |
| Woodie | 0.080965 | 0.082818 | 0.086095 | 0.087948 | 0.091225 | 0.093078 | 0.096355 |
| Fibonacci | 0.082580 | 0.084540 | 0.085750 | 0.087710 | 0.089670 | 0.090880 | 0.092840 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.076747 | 0.086353 | 0.092387 | 0.101993 | 0.108027 | 0.117633 | 0.123667 |
| Camarilla | 0.094119 | 0.095553 | 0.096986 | 0.098420 | 0.099854 | 0.101287 | 0.102721 |
| Woodie | 0.074960 | 0.085460 | 0.090600 | 0.101100 | 0.106240 | 0.116740 | 0.121880 |
| Fibonacci | 0.086353 | 0.092328 | 0.096019 | 0.101993 | 0.107968 | 0.111659 | 0.117633 |
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): | 51.34 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 6.182091 | |
| AROON (14): | 21.428572 | |
| DEMA (21): | 0.088301 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.087904 | |
| Elder Ray (13): | 0.000309 | |
| Super Trend (3,10): | 0.086357 | |
| Zig ZAG (10): | 0.088400 | |
| VORTEX (21): | 1.0168 | |
| Stochastique (14,3,5): | 66.51 | |
| TEMA (21): | 0.088831 | |
| Williams %R (14): | -31.28 | |
| Chande Momentum Oscillator (20): | 0.000960 | |
| Repulse (5,40,3): | -0.8205 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0165 | |
| Courbe Coppock: | 2.24 |
| MA7: | 0.091396 | |
| MA20: | 0.100174 | |
| MA50: | 0.104865 | |
| MA100: | 0.105024 | |
| MAexp7: | 0.088449 | |
| MAexp20: | 0.088218 | |
| MAexp50: | 0.088719 | |
| MAexp100: | 0.090306 | |
| Price / MA7: | -3.06% | |
| Price / MA20: | -11.55% | |
| Price / MA50: | -15.51% | |
| Price / MA100: | -15.64% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.43% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -1.89% |
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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