XMONEY - UTK/USD - 1H - Technical analysis published on 06/12/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
56%
11%
My opinion
Bearish under 0.074650 USD
My targets
0.058850 USD (-13.37%)
0.057510 USD (-15.34%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on UTRUST - UTK/USD as long as the price remains well below 0.074650 USD. The sellers' bearish objective is set at 0.058850 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.057510 USD. In case of crossing, the next objective would be the support located at 0.046910 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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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 0.067930 USD. On the day, this instrument gained +1.27% and was traded between 0.067930 USD and 0.067930 USD over the period. The price is currently at 0% from its lowest and 0% from its highest.0.067930
0.067930
0.067930
Here is a more detailed summary of the historical variations registered by UTRUST - UTK/USD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of UTRUST - UTK/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 2 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.067930 | 0.074650 | 0.076900 | 0.080010 |
| Change (%) | - | +9.89% | +13.20% | +17.78% |
| Change | - | +0.006720 | +0.008970 | +0.012080 |
| Level | - | Intermediate | Intermediate | Minor |
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 | 0.063987 | 0.065533 | 0.066307 | 0.067853 | 0.068627 | 0.070173 | 0.070947 |
| Camarilla | 0.066442 | 0.066655 | 0.066867 | 0.067080 | 0.067293 | 0.067505 | 0.067718 |
| Woodie | 0.063600 | 0.065340 | 0.065920 | 0.067660 | 0.068240 | 0.069980 | 0.070560 |
| Fibonacci | 0.065533 | 0.066420 | 0.066967 | 0.067853 | 0.068740 | 0.069287 | 0.070173 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.029750 | 0.046910 | 0.057510 | 0.074670 | 0.085270 | 0.102430 | 0.113030 |
| Camarilla | 0.060476 | 0.063021 | 0.065565 | 0.068110 | 0.070655 | 0.073199 | 0.075744 |
| Woodie | 0.026470 | 0.045270 | 0.054230 | 0.073030 | 0.081990 | 0.100790 | 0.109750 |
| Fibonacci | 0.046910 | 0.057514 | 0.064066 | 0.074670 | 0.085274 | 0.091826 | 0.102430 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.033030 | 0.058850 | 0.075860 | 0.101680 | 0.118690 | 0.144510 | 0.161520 |
| Camarilla | 0.081092 | 0.085018 | 0.088944 | 0.092870 | 0.096796 | 0.100722 | 0.104648 |
| Woodie | 0.028625 | 0.056648 | 0.071455 | 0.099478 | 0.114285 | 0.142308 | 0.157115 |
| Fibonacci | 0.058850 | 0.075211 | 0.085319 | 0.101680 | 0.118041 | 0.128149 | 0.144510 |
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): | 37.79 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -8.466427 | |
| AROON (14): | -85.714286 | |
| DEMA (21): | 0.067611 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.068659 | |
| Elder Ray (13): | -0.000790 | |
| Super Trend (3,10): | 0.069513 | |
| Zig ZAG (10): | 0.067740 | |
| VORTEX (21): | 0.9140 | |
| Stochastique (14,3,5): | 19.50 | |
| TEMA (21): | 0.068147 | |
| Williams %R (14): | -75.00 | |
| Chande Momentum Oscillator (20): | -0.001500 | |
| Repulse (5,40,3): | 0.0663 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0665 | |
| Courbe Coppock: | 1.90 |
| MA7: | 0.076230 | |
| MA20: | 0.088867 | |
| MA50: | 0.096705 | |
| MA100: | 0.100574 | |
| MAexp7: | 0.067942 | |
| MAexp20: | 0.068205 | |
| MAexp50: | 0.069783 | |
| MAexp100: | 0.072921 | |
| Price / MA7: | -10.89% | |
| Price / MA20: | -23.56% | |
| Price / MA50: | -29.76% | |
| Price / MA100: | -32.46% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.40% | |
| Price / MAexp50: | -2.66% | |
| Price / MAexp100: | -6.84% |
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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