SYNTHETIX - SNX/USDT - 1H - Technical analysis published on 07/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 2.33 USDT
My targets
2.48 USDT (+4.64%)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 2.33 USDT remains possible. It is advisable to trade SYNTHETIX - SNX/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 2.33 USDT. The next bullish objective for buyers is set at 2.48 USDT. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 2.33 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
2
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Additional analysis
Quotes
The SYNTHETIX - SNX/USDT rating is 2.37 USDT. The price is lower by -4.05% since the last closing and was traded between 2.36 USDT and 2.59 USDT over the period. The price is currently at +0.42% from its lowest and -8.49% from its highest.2.36
2.59
2.37
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:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this SYNTHETIX - SNX/USDT chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 8 technical indicators out of 18 studied are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.69 | 1.93 | 2.12 | 2.37 | 2.48 |
| Change (%) | -28.69% | -18.57% | -10.55% | - | +4.64% |
| Change | -0.68 | -0.44 | -0.25 | - | +0.11 |
| Level | Minor | Intermediate | Minor | - | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.88 | 2.00 | 2.24 | 2.36 | 2.59 | 2.71 | 2.95 |
| Camarilla | 2.37 | 2.41 | 2.44 | 2.47 | 2.51 | 2.54 | 2.57 |
| Woodie | 1.94 | 2.03 | 2.29 | 2.39 | 2.65 | 2.74 | 3.01 |
| Fibonacci | 2.00 | 2.14 | 2.22 | 2.36 | 2.49 | 2.58 | 2.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.67 | 0.99 | 1.34 | 1.66 | 2.01 | 2.33 | 2.68 |
| Camarilla | 1.50 | 1.57 | 1.63 | 1.69 | 1.75 | 1.81 | 1.87 |
| Woodie | 0.68 | 1.00 | 1.35 | 1.67 | 2.03 | 2.34 | 2.70 |
| Fibonacci | 0.99 | 1.25 | 1.40 | 1.66 | 1.92 | 2.08 | 2.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.07 | 0.35 | 1.16 | 1.57 | 2.38 | 2.80 | 3.61 |
| Camarilla | 1.63 | 1.74 | 1.85 | 1.96 | 2.08 | 2.19 | 2.30 |
| Woodie | 0.13 | 0.45 | 1.35 | 1.67 | 2.58 | 2.90 | 3.80 |
| Fibonacci | 0.35 | 0.82 | 1.11 | 1.57 | 2.04 | 2.33 | 2.80 |
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): | 46.94 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | -9.71 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 2.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.58 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 2.53 | |
| Zig ZAG (10): | 2.39 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 27.15 | |
| TEMA (21): | 2.46 | |
| Williams %R (14): | -97.66 | |
| Chande Momentum Oscillator (20): | -0.09 | |
| Repulse (5,40,3): | -2.2700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2700 | |
| Courbe Coppock: | 8.05 |
| MA7: | 2.07 | |
| MA20: | 1.61 | |
| MA50: | 1.15 | |
| MA100: | 0.94 | |
| MAexp7: | 2.44 | |
| MAexp20: | 2.44 | |
| MAexp50: | 2.34 | |
| MAexp100: | 2.19 | |
| Price / MA7: | +14.49% | |
| Price / MA20: | +47.20% | |
| Price / MA50: | +106.09% | |
| Price / MA100: | +152.13% | |
| Price / MAexp7: | -2.87% | |
| Price / MAexp20: | -2.87% | |
| Price / MAexp50: | +1.28% | |
| Price / MAexp100: | +8.22% |
Quotes :
2020-07-03 11:44:46
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Real time data
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