MEASURABLE DATA TOKEN - MDT/USD - 1H - Technical analysis published on 06/07/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.045470 USD
My targets
0.046873 USD (+2.39%)
0.051268 USD (+11.99%)
My analysis
The strong short-term increase in MEASURABLE DATA TOKEN - MDT/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.045470 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.046873 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.051268 USD as an objective. Crossing it would then enable buyers to target 0.055923 USD. Caution, a return under 0.045470 USD could jeopardize the reversal.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MEASURABLE DATA TOKEN - MDT/USD rating 0.045780 USD. On the day, this instrument gained +2.62% and was traded between 0.043700 USD and 0.046540 USD over the period. The price is currently at +4.76% from its lowest and -1.63% from its highest.0.043700
0.046540
0.045780
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of MEASURABLE DATA TOKEN - MDT/USD indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.040220 | 0.042850 | 0.045470 | 0.045780 | 0.051268 | 0.055923 | 0.059874 |
| Change (%) | -12.15% | -6.40% | -0.68% | - | +11.99% | +22.16% | +30.79% |
| Change | -0.005560 | -0.002930 | -0.000310 | - | +0.005488 | +0.010143 | +0.014094 |
| Level | Major | Intermediate | Minor | - | Minor | Major | Major |
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 | 0.035107 | 0.037563 | 0.041087 | 0.043543 | 0.047067 | 0.049523 | 0.053047 |
| Camarilla | 0.042966 | 0.043514 | 0.044062 | 0.044610 | 0.045158 | 0.045706 | 0.046255 |
| Woodie | 0.035640 | 0.037830 | 0.041620 | 0.043810 | 0.047600 | 0.049790 | 0.053580 |
| Fibonacci | 0.037563 | 0.039848 | 0.041259 | 0.043543 | 0.045828 | 0.047239 | 0.049523 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.034903 | 0.041447 | 0.046873 | 0.053417 | 0.058843 | 0.065387 | 0.070813 |
| Camarilla | 0.049008 | 0.050106 | 0.051203 | 0.052300 | 0.053397 | 0.054495 | 0.055592 |
| Woodie | 0.034345 | 0.041168 | 0.046315 | 0.053138 | 0.058285 | 0.065108 | 0.070255 |
| Fibonacci | 0.041447 | 0.046019 | 0.048844 | 0.053417 | 0.057989 | 0.060814 | 0.065387 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.016933 | 0.025217 | 0.039403 | 0.047687 | 0.061873 | 0.070157 | 0.084343 |
| Camarilla | 0.047411 | 0.049471 | 0.051530 | 0.053590 | 0.055650 | 0.057710 | 0.059769 |
| Woodie | 0.019885 | 0.026693 | 0.042355 | 0.049163 | 0.064825 | 0.071633 | 0.087295 |
| Fibonacci | 0.025217 | 0.033800 | 0.039103 | 0.047687 | 0.056270 | 0.061573 | 0.070157 |
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): | 59.78 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 23.994615 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.044213 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.045909 | |
| Elder Ray (13): | 0.000636 | |
| Super Trend (3,10): | 0.042952 | |
| Zig ZAG (10): | 0.045310 | |
| VORTEX (21): | 1.1791 | |
| Stochastique (14,3,5): | 76.66 | |
| TEMA (21): | 0.045647 | |
| Williams %R (14): | -0.64 | |
| Chande Momentum Oscillator (20): | 0.003010 | |
| Repulse (5,40,3): | 6.5778 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1249 | |
| Courbe Coppock: | 14.70 |
| MA7: | 0.049170 | |
| MA20: | 0.048049 | |
| MA50: | 0.044985 | |
| MA100: | 0.054314 | |
| MAexp7: | 0.044694 | |
| MAexp20: | 0.043749 | |
| MAexp50: | 0.044429 | |
| MAexp100: | 0.046706 | |
| Price / MA7: | -6.89% | |
| Price / MA20: | -4.72% | |
| Price / MA50: | +1.77% | |
| Price / MA100: | -15.71% | |
| Price / MAexp7: | +2.43% | |
| Price / MAexp20: | +4.64% | |
| Price / MAexp50: | +3.04% | |
| Price / MAexp100: | -1.98% |
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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