XMONEY - UTK/USD - 1H - Technical analysis published on 07/20/2023 (GMT)
- 154
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis XMONEY - UTK/USD - 1H