XMONEY - UTK/USD - 1H - Technical analysis published on 07/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 0.069603 USD
My targets
0.066083 USD (-2.21%)
0.062517 USD (-7.49%)
My analysis
The bearish basic trend is very strong on UTRUST - UTK/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.069603 USD. Crossing the first support at 0.066083 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.062517 USD as an objective. Caution, a return to above the resistance located at 0.069603 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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 bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.9
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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 0.067580 USD. On the day, this instrument lost -0.04% with the lowest point at 0.067570 USD and the highest point at 0.068630 USD. The deviation from the price is +0.01% for the low point and -1.53% for the high point.0.067570
0.068630
0.067580
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 this 1H chart of UTRUST - UTK/USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.067240 | 0.067580 | 0.069603 | 0.070867 | 0.075260 |
| Change (%) | -0.50% | - | +2.99% | +4.86% | +11.36% |
| Change | -0.000340 | - | +0.002023 | +0.003287 | +0.007680 |
| Level | Intermediate | - | Major | 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 | 0.064903 | 0.066157 | 0.066883 | 0.068137 | 0.068863 | 0.070117 | 0.070843 |
| Camarilla | 0.067066 | 0.067247 | 0.067429 | 0.067610 | 0.067792 | 0.067973 | 0.068155 |
| Woodie | 0.064640 | 0.066025 | 0.066620 | 0.068005 | 0.068600 | 0.069985 | 0.070580 |
| Fibonacci | 0.066157 | 0.066913 | 0.067380 | 0.068137 | 0.068893 | 0.069360 | 0.070117 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.062517 | 0.066083 | 0.069827 | 0.073393 | 0.077137 | 0.080703 | 0.084447 |
| Camarilla | 0.071560 | 0.072230 | 0.072900 | 0.073570 | 0.074240 | 0.074910 | 0.075580 |
| Woodie | 0.062605 | 0.066128 | 0.069915 | 0.073438 | 0.077225 | 0.080748 | 0.084535 |
| Fibonacci | 0.066083 | 0.068876 | 0.070601 | 0.073393 | 0.076186 | 0.077911 | 0.080703 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.030710 | 0.047390 | 0.060420 | 0.077100 | 0.090130 | 0.106810 | 0.119840 |
| Camarilla | 0.065280 | 0.068003 | 0.070727 | 0.073450 | 0.076173 | 0.078897 | 0.081620 |
| Woodie | 0.028885 | 0.046478 | 0.058595 | 0.076188 | 0.088305 | 0.105898 | 0.118015 |
| Fibonacci | 0.047390 | 0.058739 | 0.065751 | 0.077100 | 0.088449 | 0.095461 | 0.106810 |
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): | 52.23 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 3.028127 | |
| AROON (14): | -14.285714 | |
| DEMA (21): | 0.067873 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.068756 | |
| Elder Ray (13): | -0.000005 | |
| Super Trend (3,10): | 0.069130 | |
| Zig ZAG (10): | 0.067570 | |
| VORTEX (21): | 0.8801 | |
| Stochastique (14,3,5): | 29.89 | |
| TEMA (21): | 0.067905 | |
| Williams %R (14): | -89.68 | |
| Chande Momentum Oscillator (20): | -0.000240 | |
| Repulse (5,40,3): | -1.6286 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0268 | |
| Courbe Coppock: | 0.92 |
| MA7: | 0.070176 | |
| MA20: | 0.072279 | |
| MA50: | 0.074072 | |
| MA100: | 0.088605 | |
| MAexp7: | 0.067921 | |
| MAexp20: | 0.068156 | |
| MAexp50: | 0.068564 | |
| MAexp100: | 0.069506 | |
| Price / MA7: | -3.70% | |
| Price / MA20: | -6.50% | |
| Price / MA50: | -8.76% | |
| Price / MA100: | -23.73% | |
| Price / MAexp7: | -0.50% | |
| Price / MAexp20: | -0.85% | |
| Price / MAexp50: | -1.44% | |
| Price / MAexp100: | -2.77% |
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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