XMONEY - UTK/USDT - Daily - Technical analysis published on 07/07/2020 (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
61%
6%
33%
My opinion
Bullish above 0.040800 USDT
My targets
0.049913 USDT (+19.18%)
0.061707 USDT (+47.34%)
My analysis
UTRUST - UTK/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.040800 USDT. The next resistance located at 0.049913 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.061707 USDT. After this resistance, buyers could then target 0.095800 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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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 0.041880 USDT. The price registered an increase of +2.87% on the session with the lowest point at 0.039910 USDT and the highest point at 0.042110 USDT. The deviation from the price is +4.94% for the low point and -0.55% for the high point.0.039910
0.042110
0.041880
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of UTRUST - UTK/USDT in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.026000 | 0.030910 | 0.040800 | 0.041880 | 0.095800 | 0.228700 |
| Change (%) | -37.92% | -26.19% | -2.58% | - | +128.75% | +446.08% |
| Change | -0.015880 | -0.010970 | -0.001080 | - | +0.053920 | +0.186820 |
| Level | Minor | Major | Major | - | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.032663 | 0.034737 | 0.037723 | 0.039797 | 0.042783 | 0.044857 | 0.047843 |
| Camarilla | 0.039319 | 0.039782 | 0.040246 | 0.040710 | 0.041174 | 0.041638 | 0.042102 |
| Woodie | 0.033120 | 0.034965 | 0.038180 | 0.040025 | 0.043240 | 0.045085 | 0.048300 |
| Fibonacci | 0.034737 | 0.036670 | 0.037864 | 0.039797 | 0.041730 | 0.042924 | 0.044857 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.020863 | 0.025287 | 0.032873 | 0.037297 | 0.044883 | 0.049307 | 0.056893 |
| Camarilla | 0.037157 | 0.038258 | 0.039359 | 0.040460 | 0.041561 | 0.042662 | 0.043763 |
| Woodie | 0.022445 | 0.026078 | 0.034455 | 0.038088 | 0.046465 | 0.050098 | 0.058475 |
| Fibonacci | 0.025287 | 0.029875 | 0.032709 | 0.037297 | 0.041885 | 0.044719 | 0.049307 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.012687 | -0.000893 | 0.018613 | 0.030407 | 0.049913 | 0.061707 | 0.081213 |
| Camarilla | 0.029513 | 0.032382 | 0.035251 | 0.038120 | 0.040989 | 0.043858 | 0.046728 |
| Woodie | -0.008830 | 0.001035 | 0.022470 | 0.032335 | 0.053770 | 0.063635 | 0.085070 |
| Fibonacci | -0.000893 | 0.011063 | 0.018450 | 0.030407 | 0.042363 | 0.049750 | 0.061707 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.72 | |
| MACD (12,26,9): | 0.0044 | |
| Directional Movement: | 11.175253 | |
| AROON (14): | 21.428572 | |
| DEMA (21): | 0.041589 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.030866 | |
| Elder Ray (13): | 0.003145 | |
| Super Trend (3,10): | 0.026911 | |
| Zig ZAG (10): | 0.041890 | |
| VORTEX (21): | 1.1218 | |
| Stochastique (14,3,5): | 87.52 | |
| TEMA (21): | 0.042005 | |
| Williams %R (14): | -3.16 | |
| Chande Momentum Oscillator (20): | 0.000780 | |
| Repulse (5,40,3): | 9.8989 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 2.3402 | |
| Courbe Coppock: | 58.01 |
| MA7: | 0.039769 | |
| MA20: | 0.035328 | |
| MA50: | 0.025307 | |
| MA100: | 0.017350 | |
| MAexp7: | 0.039708 | |
| MAexp20: | 0.035660 | |
| MAexp50: | 0.027925 | |
| MAexp100: | 0.021670 | |
| Price / MA7: | +5.31% | |
| Price / MA20: | +18.55% | |
| Price / MA50: | +65.49% | |
| Price / MA100: | +141.38% | |
| Price / MAexp7: | +5.47% | |
| Price / MAexp20: | +17.44% | |
| Price / MAexp50: | +49.97% | |
| Price / MAexp100: | +93.26% |
Quotes :
2020-07-07 06:23:11
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Real time data
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Cryptocompare
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