CORTEX - CTXC/USDT - Daily - Technical analysis published on 12/09/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.094697 USDT
My targets
0.074173 USDT (-11.27%)
0.061659 USDT (-26.24%)
My analysis
In the short term, we can see an acceleration in the bearish trend on CORTEX - CTXC/USDT, which is a positive signal for sellers. As long as the price remains above 0.094697 USDT, a sale could be considered. The first bearish objective is located at 0.074173 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.061659 USDT as an objective. If the price were to return above 0.094697 USDT, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CORTEX - CTXC/USDT rating is 0.083590 USDT. On the day, this instrument lost -0.60% and was between 0.081220 USDT and 0.085580 USDT. This implies that the price is at +2.92% from its lowest and at -2.33% from its highest.0.081220
0.085580
0.083590
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CORTEX - CTXC/USDT in Daily shows an overall bearish trend. 75% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.061659 | 0.083590 | 0.094697 | 0.199500 | 0.256900 |
| Change (%) | -26.24% | - | +13.29% | +138.66% | +207.33% |
| Change | -0.021931 | - | +0.011107 | +0.115910 | +0.173310 |
| Level | Intermediate | - | Intermediate | Minor | 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 | 0.078780 | 0.080570 | 0.082330 | 0.084120 | 0.085880 | 0.087670 | 0.089430 |
| Camarilla | 0.083114 | 0.083439 | 0.083765 | 0.084090 | 0.084415 | 0.084741 | 0.085066 |
| Woodie | 0.078765 | 0.080563 | 0.082315 | 0.084113 | 0.085865 | 0.087663 | 0.089415 |
| Fibonacci | 0.080570 | 0.081926 | 0.082764 | 0.084120 | 0.085476 | 0.086314 | 0.087670 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.049693 | 0.063607 | 0.074173 | 0.088087 | 0.098653 | 0.112567 | 0.123133 |
| Camarilla | 0.078008 | 0.080252 | 0.082496 | 0.084740 | 0.086984 | 0.089228 | 0.091472 |
| Woodie | 0.048020 | 0.062770 | 0.072500 | 0.087250 | 0.096980 | 0.111730 | 0.121460 |
| Fibonacci | 0.063607 | 0.072958 | 0.078735 | 0.088087 | 0.097438 | 0.103215 | 0.112567 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.084687 | -0.007193 | 0.046213 | 0.123707 | 0.177113 | 0.254607 | 0.308013 |
| Camarilla | 0.063623 | 0.075622 | 0.087621 | 0.099620 | 0.111619 | 0.123618 | 0.135618 |
| Woodie | -0.096730 | -0.013215 | 0.034170 | 0.117685 | 0.165070 | 0.248585 | 0.295970 |
| Fibonacci | -0.007193 | 0.042811 | 0.073703 | 0.123707 | 0.173711 | 0.204603 | 0.254607 |
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): | 40.98 | |
| MACD (12,26,9): | -0.0070 | |
| Directional Movement: | 1.179096 | |
| AROON (14): | -57.142860 | |
| DEMA (21): | 0.090360 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.136468 | |
| Elder Ray (13): | -0.008935 | |
| Super Trend (3,10): | 0.118679 | |
| Zig ZAG (10): | 0.082940 | |
| VORTEX (21): | 0.8302 | |
| Stochastique (14,3,5): | 14.05 | |
| TEMA (21): | 0.079628 | |
| Williams %R (14): | -85.24 | |
| Chande Momentum Oscillator (20): | -0.025230 | |
| Repulse (5,40,3): | -4.3488 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3826 | |
| Courbe Coppock: | 55.92 |
| MA7: | 0.083960 | |
| MA20: | 0.106158 | |
| MA50: | 0.096051 | |
| MA100: | 0.088257 | |
| MAexp7: | 0.086316 | |
| MAexp20: | 0.096781 | |
| MAexp50: | 0.097786 | |
| MAexp100: | 0.101450 | |
| Price / MA7: | -0.44% | |
| Price / MA20: | -21.26% | |
| Price / MA50: | -12.97% | |
| Price / MA100: | -5.29% | |
| Price / MAexp7: | -3.16% | |
| Price / MAexp20: | -13.63% | |
| Price / MAexp50: | -14.52% | |
| Price / MAexp100: | -17.60% |
This member declared not having a position on this financial instrument or a related financial instrument.
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