POSEIDON NETWORK - QQQ/USDT
POSEIDON NETWORK - QQQ/USDT
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Type: Cryptocurrencies
Ticker: QQQUSDT
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POSEIDON NETWORK - QQQ/USDT - Daily - Technical analysis published on 05/13/2021 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 0.030590 USDT
My targets
0.037527 USDT (+10.90%)
0.057367 USDT (+69.52%)
My analysis
POSEIDON NETWORK - QQQ/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.030590 USDT. The next resistance located at 0.037527 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.057367 USDT. After this resistance, buyers could then target 0.067890 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
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 POSEIDON NETWORK - QQQ/USDT rating is 0.033840 USDT. The price registered an increase of +0.00% on the session and was between 0.033840 USDT and 0.033840 USDT. This implies that the price is at 0% from its lowest and at 0% from its highest.

0.033840
0.033840
0.033840

Here is a more detailed summary of the historical variations registered by POSEIDON NETWORK - QQQ/USDT:

Technical


Technical analysis of POSEIDON NETWORK - QQQ/USDT in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish 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:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily



In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of triangle

Type : Bullish

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:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : Daily


Bearish harami cross

Type : Bearish

Timeframe : Daily




ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
ProTrendLines 0.017080 0.033840 0.037527 0.067890 0.091858
Change (%) -49.53% - +10.90% +100.62% +171.45%
Change -0.016760 - +0.003687 +0.034050 +0.058018
Level Intermediate - Intermediate Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0335070.0336330.0337370.0338630.0339670.0340930.034197
Camarilla0.0337770.0337980.0338190.0338400.0338610.0338820.033903
Woodie0.0334950.0336280.0337250.0338580.0339550.0340880.034185
Fibonacci0.0336330.0337210.0337760.0338630.0339510.0340060.034093


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0199600.0238000.0267500.0305900.0335400.0373800.040330
Camarilla0.0278330.0284550.0290780.0297000.0303220.0309450.031567
Woodie0.0195150.0235780.0263050.0303680.0330950.0371580.039885
Fibonacci0.0238000.0263940.0279960.0305900.0331840.0347860.037380


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.037333-0.0111370.0100170.0362130.0573670.0835630.104717
Camarilla0.0181490.0224890.0268300.0311700.0355100.0398510.044191
Woodie-0.039855-0.0123980.0074950.0349530.0548450.0823030.102195
Fibonacci-0.0111370.0069510.0181260.0362130.0543010.0654760.083563

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): 54.06
MACD (12,26,9): -0.0001
Directional Movement: 20.003351
AROON (14): -42.857141
DEMA (21): 0.032178
Parabolic SAR (0,02-0,02-0,2): 0.045444
Elder Ray (13): 0.001606
Super Trend (3,10): 0.027317
Zig ZAG (10): 0.033840
VORTEX (21): 1.0712
Stochastique (14,3,5): 91.56
TEMA (21): 0.031756
Williams %R (14): -8.69
Chande Momentum Oscillator (20): -0.000190
Repulse (5,40,3): 5.8313
ROCnROLL: 1
TRIX (15,9): -0.1606
Courbe Coppock: 2.16
MA7: 0.031326
MA20: 0.031861
MA50: 0.032389
MA100: 0.029589
MAexp7: 0.032475
MAexp20: 0.032299
MAexp50: 0.031900
MAexp100: 0.032568
Price / MA7: +8.03%
Price / MA20: +6.21%
Price / MA50: +4.48%
Price / MA100: +14.37%
Price / MAexp7: +4.20%
Price / MAexp20: +4.77%
Price / MAexp50: +6.08%
Price / MAexp100: +3.91%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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