QTUM - QTUM/USDT - Daily - Technical analysis published on 01/09/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 2.24 USDT
My targets
1.85 USDT (-9.76%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2.24 USDT remains possible. It is advisable to trade QTUM - QTUM/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2.24 USDT. The next bearish objective for sellers is set at 1.85 USDT. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 2.24 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0
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This analysis was given by leron. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
QTUM - QTUM/USDT rating 2.05 USDT. On the day, this instrument gained +1.99% and was traded between 2.02 USDT and 2.11 USDT over the period. The price is currently at +1.49% from its lowest and -2.84% from its highest.2.02
2.11
2.05
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
Here is a more detailed summary of the historical variations registered by QTUM - QTUM/USDT:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of QTUM - QTUM/USDT in Daily shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : Daily
White gravestone / inverted hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.85 | 2.05 | 3.02 | 4.24 | 4.84 |
| Change (%) | -9.76% | - | +47.32% | +106.83% | +136.10% |
| Change | -0.20 | - | +0.97 | +2.19 | +2.79 |
| Level | Major | - | Intermediate | Minor | Intermediate |
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 | 1.86 | 1.90 | 1.95 | 1.99 | 2.04 | 2.08 | 2.13 |
| Camarilla | 1.99 | 1.99 | 2.00 | 2.01 | 2.02 | 2.03 | 2.04 |
| Woodie | 1.88 | 1.90 | 1.97 | 1.99 | 2.06 | 2.08 | 2.15 |
| Fibonacci | 1.90 | 1.93 | 1.95 | 1.99 | 2.02 | 2.04 | 2.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.68 | 1.75 | 1.86 | 1.93 | 2.04 | 2.11 | 2.22 |
| Camarilla | 1.92 | 1.94 | 1.95 | 1.97 | 1.99 | 2.00 | 2.02 |
| Woodie | 1.70 | 1.76 | 1.88 | 1.94 | 2.06 | 2.12 | 2.24 |
| Fibonacci | 1.75 | 1.82 | 1.86 | 1.93 | 2.00 | 2.04 | 2.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.96 | 1.36 | 1.60 | 2.00 | 2.24 | 2.64 | 2.88 |
| Camarilla | 1.65 | 1.71 | 1.77 | 1.83 | 1.89 | 1.95 | 2.01 |
| Woodie | 0.87 | 1.32 | 1.51 | 1.96 | 2.15 | 2.60 | 2.79 |
| Fibonacci | 1.36 | 1.61 | 1.76 | 2.00 | 2.25 | 2.40 | 2.64 |
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): | 55.42 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | 3.48 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 1.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.80 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 2.07 | |
| Zig ZAG (10): | 2.05 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 86.22 | |
| TEMA (21): | 1.95 | |
| Williams %R (14): | -19.01 | |
| Chande Momentum Oscillator (20): | 0.19 | |
| Repulse (5,40,3): | 3.8200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4200 | |
| Courbe Coppock: | 1.37 |
| MA7: | 1.97 | |
| MA20: | 1.94 | |
| MA50: | 2.07 | |
| MA100: | 2.34 | |
| MAexp7: | 1.98 | |
| MAexp20: | 1.97 | |
| MAexp50: | 2.09 | |
| MAexp100: | 2.34 | |
| Price / MA7: | +4.06% | |
| Price / MA20: | +5.67% | |
| Price / MA50: | -0.97% | |
| Price / MA100: | -12.39% | |
| Price / MAexp7: | +3.54% | |
| Price / MAexp20: | +4.06% | |
| Price / MAexp50: | -1.91% | |
| Price / MAexp100: | -12.39% |
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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