FORTUBE - FOR/USDT - Daily - Technical analysis published on 01/28/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.022648 USDT
My targets
0.025880 USDT (+0.82%)
0.030940 USDT (+20.53%)
My analysis
FORCE PROTOCOL - FOR/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 0.022648 USDT. The next resistance located at 0.025880 USDT is the next bullish target 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 0.030940 USDT. After this resistance, buyers could then target 0.036470 USDT.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
5.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FORCE PROTOCOL - FOR/USDT price is 0.025670 USDT. The price has increased by +3.13% since the last closing and was between 0.024830 USDT and 0.027640 USDT. This implies that the price is at +3.38% from its lowest and at -7.13% from its highest.0.024830
0.027640
0.025670
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of FORCE PROTOCOL - FOR/USDT indicates that the overall trend is bullish. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
In fact, 13 technical indicators on 18 studied are currently bullish. 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
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.018220 | 0.021273 | 0.025620 | 0.025670 | 0.030940 | 0.036470 | 0.047290 |
| Change (%) | -29.02% | -17.13% | -0.19% | - | +20.53% | +42.07% | +84.22% |
| Change | -0.007450 | -0.004397 | -0.000050 | - | +0.005270 | +0.010800 | +0.021620 |
| Level | Major | Minor | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.022833 | 0.023557 | 0.024223 | 0.024947 | 0.025613 | 0.026337 | 0.027003 |
| Camarilla | 0.024508 | 0.024635 | 0.024763 | 0.024890 | 0.025017 | 0.025145 | 0.025272 |
| Woodie | 0.022805 | 0.023543 | 0.024195 | 0.024933 | 0.025585 | 0.026323 | 0.026975 |
| Fibonacci | 0.023557 | 0.024088 | 0.024416 | 0.024947 | 0.025478 | 0.025806 | 0.026337 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006850 | 0.012560 | 0.020170 | 0.025880 | 0.033490 | 0.039200 | 0.046810 |
| Camarilla | 0.024117 | 0.025338 | 0.026559 | 0.027780 | 0.029001 | 0.030222 | 0.031443 |
| Woodie | 0.007800 | 0.013035 | 0.021120 | 0.026355 | 0.034440 | 0.039675 | 0.047760 |
| Fibonacci | 0.012560 | 0.017648 | 0.020792 | 0.025880 | 0.030968 | 0.034112 | 0.039200 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.015260 | -0.003132 | 0.003694 | 0.015822 | 0.022648 | 0.034776 | 0.041602 |
| Camarilla | 0.005308 | 0.007045 | 0.008783 | 0.010520 | 0.012258 | 0.013995 | 0.015732 |
| Woodie | -0.017911 | -0.004458 | 0.001043 | 0.014497 | 0.019997 | 0.033451 | 0.038951 |
| Fibonacci | -0.003132 | 0.004108 | 0.008582 | 0.015822 | 0.023062 | 0.027536 | 0.034776 |
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): | 61.47 | |
| MACD (12,26,9): | 0.0029 | |
| Directional Movement: | 19.884255 | |
| AROON (14): | 78.571426 | |
| DEMA (21): | 0.023987 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.017659 | |
| Elder Ray (13): | 0.003787 | |
| Super Trend (3,10): | 0.016928 | |
| Zig ZAG (10): | 0.024900 | |
| VORTEX (21): | 1.1847 | |
| Stochastique (14,3,5): | 68.58 | |
| TEMA (21): | 0.027059 | |
| Williams %R (14): | -37.11 | |
| Chande Momentum Oscillator (20): | 0.009710 | |
| Repulse (5,40,3): | -5.6080 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.8878 | |
| Courbe Coppock: | 137.91 |
| MA7: | 0.024796 | |
| MA20: | 0.019253 | |
| MA50: | 0.016447 | |
| MA100: | 0.024186 | |
| MAexp7: | 0.024612 | |
| MAexp20: | 0.020729 | |
| MAexp50: | 0.019482 | |
| MAexp100: | 0.021907 | |
| Price / MA7: | +3.52% | |
| Price / MA20: | +33.33% | |
| Price / MA50: | +56.08% | |
| Price / MA100: | +6.14% | |
| Price / MAexp7: | +4.30% | |
| Price / MAexp20: | +23.84% | |
| Price / MAexp50: | +31.76% | |
| Price / MAexp100: | +17.18% |
This member declared not having a position on this financial instrument or a related financial instrument.
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