CRYPTO.COM - MCO/USDT - Daily - Technical analysis published on 06/25/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
CRYPTO.COM - MCO/USDT Chart
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 4.51 USDT
My targets
3.90 USDT (-11.56%)
3.81 USDT (-13.56%)
My analysis
In the short term, we can see an acceleration in the bearish trend on CRYPTO.COM - MCO/USDT, which is a positive signal for sellers. As long as the price remains above 4.51 USDT, a sale could be considered. The first bearish objective is located at 3.90 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.81 USDT as an objective. Crossing it would then enable sellers to target 2.59 USDT. If the price were to return above 4.51 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.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.1
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This analysis was given by Addareea.
Additional analysis
Quotes
CRYPTO.COM - MCO/USDT rating 4.41 USDT. The price is lower by -3.29% since the last closing and was traded between 4.38 USDT and 4.57 USDT over the period. The price is currently at +0.68% from its lowest and -3.50% from its highest.4.38
4.57
4.41
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of CRYPTO.COM - MCO/USDT indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.59 | 3.90 | 4.41 | 4.51 | 4.85 | 5.20 |
| Change (%) | -41.27% | -11.56% | - | +2.27% | +9.98% | +17.91% |
| Change | -1.82 | -0.51 | - | +0.10 | +0.44 | +0.79 |
| Level | Major | Intermediate | - | Intermediate | Intermediate | 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 | 4.17 | 4.35 | 4.45 | 4.63 | 4.73 | 4.91 | 5.01 |
| Camarilla | 4.48 | 4.51 | 4.53 | 4.56 | 4.59 | 4.61 | 4.64 |
| Woodie | 4.14 | 4.33 | 4.42 | 4.61 | 4.70 | 4.89 | 4.98 |
| Fibonacci | 4.35 | 4.45 | 4.52 | 4.63 | 4.73 | 4.80 | 4.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.13 | 4.39 | 4.65 | 4.91 | 5.17 | 5.43 | 5.69 |
| Camarilla | 4.77 | 4.82 | 4.86 | 4.91 | 4.96 | 5.01 | 5.05 |
| Woodie | 4.13 | 4.39 | 4.65 | 4.91 | 5.17 | 5.43 | 5.69 |
| Fibonacci | 4.39 | 4.59 | 4.71 | 4.91 | 5.11 | 5.23 | 5.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.81 | 4.36 | 4.88 | 5.43 | 5.96 | 6.50 | 7.03 |
| Camarilla | 5.12 | 5.21 | 5.31 | 5.41 | 5.51 | 5.61 | 5.71 |
| Woodie | 3.80 | 4.35 | 4.87 | 5.43 | 5.95 | 6.50 | 7.02 |
| Fibonacci | 4.36 | 4.77 | 5.02 | 5.43 | 5.84 | 6.09 | 6.50 |
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): | 30.70 | |
| MACD (12,26,9): | -0.1900 | |
| Directional Movement: | -28.48 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 4.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.04 | |
| Elder Ray (13): | -0.36 | |
| Super Trend (3,10): | 5.05 | |
| Zig ZAG (10): | 4.43 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 8.81 | |
| TEMA (21): | 4.58 | |
| Williams %R (14): | -94.03 | |
| Chande Momentum Oscillator (20): | -0.74 | |
| Repulse (5,40,3): | -8.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4100 | |
| Courbe Coppock: | 18.41 |
| MA7: | 4.76 | |
| MA20: | 4.98 | |
| MA50: | 5.29 | |
| MA100: | 5.12 | |
| MAexp7: | 4.70 | |
| MAexp20: | 4.93 | |
| MAexp50: | 5.11 | |
| MAexp100: | 5.08 | |
| Price / MA7: | -7.35% | |
| Price / MA20: | -11.45% | |
| Price / MA50: | -16.64% | |
| Price / MA100: | -13.87% | |
| Price / MAexp7: | -6.17% | |
| Price / MAexp20: | -10.55% | |
| Price / MAexp50: | -13.70% | |
| Price / MAexp100: | -13.19% |
Quotes :
2020-06-25 21:38:28
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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