XMONEY - UTK/USDT - Daily - Technical analysis published on 06/23/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 0.027600 USDT
My targets
0.031530 USDT (+2.57%)
0.033900 USDT (+10.28%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on UTRUST - UTK/USDT as long as the price remains well above 0.027600 USDT. The buyers” bullish objective is set at 0.031530 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.033900 USDT. If there is any crossing, the next objective would be the resistance located at 0.040800 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.3
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This analysis was given by Addareea. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The UTRUST - UTK/USDT rating is 0.030740 USDT. On the day, this instrument lost -7.60% and was traded between 0.029330 USDT and 0.033960 USDT over the period. The price is currently at +4.81% from its lowest and -9.48% from its highest.0.029330
0.033960
0.030740
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by UTRUST - UTK/USDT:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of UTRUST - UTK/USDT indicates that the overall trend is strongly bullish. 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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.009297 | 0.012932 | 0.020643 | 0.030740 | 0.031530 | 0.033900 | 0.040800 |
| Change (%) | -69.76% | -57.93% | -32.85% | - | +2.57% | +10.28% | +32.73% |
| Change | -0.021443 | -0.017808 | -0.010097 | - | +0.000790 | +0.003160 | +0.010060 |
| Level | Intermediate | Minor | Major | - | Minor | Major | 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 | 0.019747 | 0.022563 | 0.027917 | 0.030733 | 0.036087 | 0.038903 | 0.044257 |
| Camarilla | 0.031023 | 0.031772 | 0.032521 | 0.033270 | 0.034019 | 0.034768 | 0.035517 |
| Woodie | 0.021015 | 0.023198 | 0.029185 | 0.031368 | 0.037355 | 0.039538 | 0.045525 |
| Fibonacci | 0.022563 | 0.025684 | 0.027612 | 0.030733 | 0.033854 | 0.035782 | 0.038903 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.013840 | 0.018960 | 0.022480 | 0.027600 | 0.031120 | 0.036240 | 0.039760 |
| Camarilla | 0.023624 | 0.024416 | 0.025208 | 0.026000 | 0.026792 | 0.027584 | 0.028376 |
| Woodie | 0.013040 | 0.018560 | 0.021680 | 0.027200 | 0.030320 | 0.035840 | 0.038960 |
| Fibonacci | 0.018960 | 0.022261 | 0.024300 | 0.027600 | 0.030901 | 0.032940 | 0.036240 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003795 | 0.005936 | 0.008718 | 0.010859 | 0.013641 | 0.015782 | 0.018564 |
| Camarilla | 0.010146 | 0.010598 | 0.011049 | 0.011500 | 0.011951 | 0.012403 | 0.012854 |
| Woodie | 0.004116 | 0.006096 | 0.009039 | 0.011019 | 0.013962 | 0.015942 | 0.018885 |
| Fibonacci | 0.005936 | 0.007817 | 0.008978 | 0.010859 | 0.012740 | 0.013901 | 0.015782 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.71 | |
| MACD (12,26,9): | 0.0037 | |
| Directional Movement: | 16.668259 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.031147 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.038877 | |
| Elder Ray (13): | 0.003910 | |
| Super Trend (3,10): | 0.019641 | |
| Zig ZAG (10): | 0.030590 | |
| VORTEX (21): | 1.1287 | |
| Stochastique (14,3,5): | 67.37 | |
| TEMA (21): | 0.031747 | |
| Williams %R (14): | -26.64 | |
| Chande Momentum Oscillator (20): | 0.009570 | |
| Repulse (5,40,3): | 7.0586 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 3.1464 | |
| Courbe Coppock: | 67.67 |
| MA7: | 0.028994 | |
| MA20: | 0.027075 | |
| MA50: | 0.017481 | |
| MA100: | 0.013102 | |
| MAexp7: | 0.029473 | |
| MAexp20: | 0.025997 | |
| MAexp50: | 0.020053 | |
| MAexp100: | 0.016310 | |
| Price / MA7: | +6.02% | |
| Price / MA20: | +13.54% | |
| Price / MA50: | +75.85% | |
| Price / MA100: | +134.62% | |
| Price / MAexp7: | +4.30% | |
| Price / MAexp20: | +18.24% | |
| Price / MAexp50: | +53.29% | |
| Price / MAexp100: | +88.47% |
Quotes :
2020-06-23 06:50:06
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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.
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