XMONEY - UTK/USD - 1H - Technical analysis published on 05/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.106340 USD
My targets
0.114443 USD (+6.16%)
0.116750 USD (+8.30%)
My analysis
The bullish trend is currently very strong on UTRUST - UTK/USD. As long as the price remains above the support at 0.106340 USD, you could try to benefit from the boom. The first bullish objective is located at 0.114443 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.116750 USD as an objective. Crossing it would then enable buyers to target 0.133300 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
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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 0.107800 USD. On the day, this instrument gained +8.31% and was traded between 0.098530 USD and 0.108100 USD over the period. The price is currently at +9.41% from its lowest and -0.28% from its highest.0.098530
0.108100
0.107800
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 strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
White morning star
Type : Bullish
Timeframe : 1 hour
Upside gap
Type : Bullish
Timeframe : 1 hour
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.100500 | 0.102133 | 0.106340 | 0.107800 | 0.116750 | 0.133300 | 0.151257 |
| Change (%) | -6.77% | -5.26% | -1.35% | - | +8.30% | +23.65% | +40.31% |
| Change | -0.007300 | -0.005667 | -0.001460 | - | +0.008950 | +0.025500 | +0.043457 |
| Level | Minor | Major | Minor | - | Minor | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.091820 | 0.094430 | 0.096980 | 0.099590 | 0.102140 | 0.104750 | 0.107300 |
| Camarilla | 0.098111 | 0.098584 | 0.099057 | 0.099530 | 0.100003 | 0.100476 | 0.100949 |
| Woodie | 0.091790 | 0.094415 | 0.096950 | 0.099575 | 0.102110 | 0.104735 | 0.107270 |
| Fibonacci | 0.094430 | 0.096401 | 0.097619 | 0.099590 | 0.101561 | 0.102779 | 0.104750 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.069023 | 0.076847 | 0.084163 | 0.091987 | 0.099303 | 0.107127 | 0.114443 |
| Camarilla | 0.087317 | 0.088704 | 0.090092 | 0.091480 | 0.092868 | 0.094256 | 0.095644 |
| Woodie | 0.068770 | 0.076720 | 0.083910 | 0.091860 | 0.099050 | 0.107000 | 0.114190 |
| Fibonacci | 0.076847 | 0.082630 | 0.086203 | 0.091987 | 0.097770 | 0.101343 | 0.107127 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 68.28 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 32.221156 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 0.103877 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.100789 | |
| Elder Ray (13): | 0.003378 | |
| Super Trend (3,10): | 0.102095 | |
| Zig ZAG (10): | 0.105700 | |
| VORTEX (21): | 1.0791 | |
| Stochastique (14,3,5): | 70.37 | |
| TEMA (21): | 0.104940 | |
| Williams %R (14): | -27.97 | |
| Chande Momentum Oscillator (20): | 0.005700 | |
| Repulse (5,40,3): | -0.0856 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1255 | |
| Courbe Coppock: | 9.69 |
| MA7: | 0.098147 | |
| MA20: | 0.097966 | |
| MA50: | 0.105351 | |
| MA100: | 0.105024 | |
| MAexp7: | 0.104183 | |
| MAexp20: | 0.102247 | |
| MAexp50: | 0.100699 | |
| MAexp100: | 0.099091 | |
| Price / MA7: | +9.84% | |
| Price / MA20: | +10.04% | |
| Price / MA50: | +2.32% | |
| Price / MA100: | +2.64% | |
| Price / MAexp7: | +3.47% | |
| Price / MAexp20: | +5.43% | |
| Price / MAexp50: | +7.05% | |
| Price / MAexp100: | +8.79% |
Quotes :
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Real time data
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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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