CRYPTOINDEX - CIX100/USDT - Daily - Technical analysis published on 11/29/2019 (GMT)
- Who voted?
- 109
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 0.554100 USDT
My targets
0.450300 USDT (-18.69%)
0.358700 USDT (-35.23%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CRYPTOINDEX - CIX100/USDT as long as the price remains well below 0.554100 USDT. The sellers” bearish objective is set at 0.450300 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.358700 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.6
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 Vincent Launay.
Additional analysis
Quotes
The CRYPTOINDEX - CIX100/USDT price is 0.553800 USDT. The price registered an increase of +1.45% on the session and was traded between 0.545300 USDT and 0.555000 USDT over the period. The price is currently at +1.56% from its lowest and -0.22% from its highest.0.545300
0.555000
0.553800
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CRYPTOINDEX - CIX100/USDT:
Technical
Technical analysis of this Daily chart of CRYPTOINDEX - CIX100/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 6 are bullish, 3 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Daily
Bearish harami cross
Type : Bearish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.553800 | 0.554100 | 0.694433 | 0.861200 |
| Change (%) | - | +0.05% | +25.39% | +55.51% |
| Change | - | +0.000300 | +0.140633 | +0.307400 |
| Level | - | 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 | 0.524633 | 0.533167 | 0.539533 | 0.548067 | 0.554433 | 0.562967 | 0.569333 |
| Camarilla | 0.541803 | 0.543168 | 0.544534 | 0.545900 | 0.547266 | 0.548632 | 0.549998 |
| Woodie | 0.523550 | 0.532625 | 0.538450 | 0.547525 | 0.553350 | 0.562425 | 0.568250 |
| Fibonacci | 0.533167 | 0.538859 | 0.542375 | 0.548067 | 0.553759 | 0.557275 | 0.562967 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.348300 | 0.426500 | 0.484000 | 0.562200 | 0.619700 | 0.697900 | 0.755400 |
| Camarilla | 0.504183 | 0.516622 | 0.529061 | 0.541500 | 0.553939 | 0.566378 | 0.578818 |
| Woodie | 0.337950 | 0.421325 | 0.473650 | 0.557025 | 0.609350 | 0.692725 | 0.745050 |
| Fibonacci | 0.426500 | 0.478337 | 0.510363 | 0.562200 | 0.614037 | 0.646063 | 0.697900 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.358700 | 0.450300 | 0.561200 | 0.652800 | 0.763700 | 0.855300 | 0.966200 |
| Camarilla | 0.616413 | 0.634975 | 0.653538 | 0.672100 | 0.690663 | 0.709225 | 0.727788 |
| Woodie | 0.368350 | 0.455125 | 0.570850 | 0.657625 | 0.773350 | 0.860125 | 0.975850 |
| Fibonacci | 0.450300 | 0.527655 | 0.575445 | 0.652800 | 0.730155 | 0.777945 | 0.855300 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 39.10 | |
| MACD (12,26,9): | -0.0293 | |
| Directional Movement: | -19.249897 | |
| AROON (14): | -71.428574 | |
| DEMA (21): | 0.544550 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.562700 | |
| Elder Ray (13): | -0.013777 | |
| Super Trend (3,10): | 0.603475 | |
| Zig ZAG (10): | 0.553200 | |
| VORTEX (21): | 0.8202 | |
| Stochastique (14,3,5): | 41.08 | |
| TEMA (21): | 0.525216 | |
| Williams %R (14): | -55.44 | |
| Chande Momentum Oscillator (20): | -0.081200 | |
| Repulse (5,40,3): | 3.5360 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5719 | |
| Courbe Coppock: | 31.24 |
| MA7: | 0.536714 | |
| MA20: | 0.591450 | |
| MA50: | 0.619886 | |
| MA100: | 0.653033 | |
| MAexp7: | 0.548603 | |
| MAexp20: | 0.579907 | |
| MAexp50: | 0.615644 | |
| MAexp100: | 0.661448 | |
| Price / MA7: | +3.18% | |
| Price / MA20: | -6.37% | |
| Price / MA50: | -10.66% | |
| Price / MA100: | -15.20% | |
| Price / MAexp7: | +0.95% | |
| Price / MAexp20: | -4.50% | |
| Price / MAexp50: | -10.05% | |
| Price / MAexp100: | -16.27% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis CRYPTOINDEX - CIX100/USDT - Daily