HUOBI TOKEN - HT/USD - Daily - Technical analysis published on 09/27/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 4.86 USD
My targets
4.07 USD (-7.36%)
3.42 USD (-22.03%)
My analysis
The bearish trend is currently very strong for HUOBI TOKEN - HT/USD. As long as the price remains below the resistance at 4.86 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.07 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.42 USD as an objective. Crossing it would then enable sellers to target 2.60 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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.
Additional analysis
Quotes
HUOBI TOKEN - HT/USD rating 4.39 USD. The price registered a decrease of -0.23% on the session with the lowest point at 4.36 USD and the highest point at 4.59 USD. The deviation from the price is +0.69% for the low point and -4.36% for the high point.4.36
4.59
4.39
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of HUOBI TOKEN - HT/USD in Daily shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 4.33 | 4.39 | 4.86 | 5.42 | 7.46 |
| Change (%) | -1.37% | - | +10.71% | +23.46% | +69.93% |
| Change | -0.06 | - | +0.47 | +1.03 | +3.07 |
| Level | Major | - | Minor | 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 | 4.32 | 4.35 | 4.38 | 4.41 | 4.44 | 4.47 | 4.50 |
| Camarilla | 4.38 | 4.39 | 4.40 | 4.40 | 4.41 | 4.41 | 4.42 |
| Woodie | 4.31 | 4.35 | 4.37 | 4.41 | 4.43 | 4.47 | 4.49 |
| Fibonacci | 4.35 | 4.38 | 4.39 | 4.41 | 4.44 | 4.45 | 4.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.30 | 3.64 | 4.03 | 4.37 | 4.76 | 5.10 | 5.49 |
| Camarilla | 4.23 | 4.30 | 4.36 | 4.43 | 4.50 | 4.56 | 4.63 |
| Woodie | 3.34 | 3.65 | 4.07 | 4.38 | 4.80 | 5.11 | 5.53 |
| Fibonacci | 3.64 | 3.92 | 4.09 | 4.37 | 4.65 | 4.82 | 5.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.60 | 3.42 | 4.07 | 4.89 | 5.54 | 6.36 | 7.01 |
| Camarilla | 4.31 | 4.44 | 4.58 | 4.71 | 4.85 | 4.98 | 5.11 |
| Woodie | 2.51 | 3.38 | 3.98 | 4.85 | 5.45 | 6.32 | 6.92 |
| Fibonacci | 3.42 | 3.99 | 4.33 | 4.89 | 5.46 | 5.80 | 6.36 |
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): | 39.08 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | 2.87 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 4.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.46 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 5.27 | |
| Zig ZAG (10): | 4.38 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 53.18 | |
| TEMA (21): | 4.38 | |
| Williams %R (14): | -43.42 | |
| Chande Momentum Oscillator (20): | -0.22 | |
| Repulse (5,40,3): | -5.9700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 9.11 |
| MA7: | 4.42 | |
| MA20: | 4.55 | |
| MA50: | 4.67 | |
| MA100: | 4.66 | |
| MAexp7: | 4.43 | |
| MAexp20: | 4.52 | |
| MAexp50: | 4.64 | |
| MAexp100: | 5.06 | |
| Price / MA7: | -0.68% | |
| Price / MA20: | -3.52% | |
| Price / MA50: | -6.00% | |
| Price / MA100: | -5.79% | |
| Price / MAexp7: | -0.90% | |
| Price / MAexp20: | -2.88% | |
| Price / MAexp50: | -5.39% | |
| Price / MAexp100: | -13.24% |
Quotes :
-
Real time data
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Cryptocompare
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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