ULTRA - ULTRA/USD - Daily - Technical analysis published on 04/15/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
56%
33%
My opinion
Bullish above 0.521467 USD
My targets
0.553900 USD (+3.59%)
0.602100 USD (+12.61%)
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 0.521467 USD remains possible. It is advisable to trade ULTRA - ULTRA/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.521467 USD. The next bullish objective for buyers is set at 0.553900 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.602100 USD. If there is any crossing, the next objective would be the resistance located at 0.710567 USD. PS: if there is a bearish break in the support located at 0.521467 USD 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.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.1
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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 ULTRA - ULTRA/USD price is 0.534700 USD. The price registered a decrease of -1.40% on the session with the lowest point at 0.510000 USD and the highest point at 0.553000 USD. The deviation from the price is +4.84% for the low point and -3.31% for the high point.0.510000
0.553000
0.534700
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ULTRA - ULTRA/USD:
Technical
Technical analysis of this Daily chart of ULTRA - ULTRA/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.180000 | 0.240600 | 0.308000 | 0.534700 | 0.553900 | 0.602100 | 0.710567 |
Change (%) | -66.34% | -55.00% | -42.40% | - | +3.59% | +12.61% | +32.89% |
Change | -0.354700 | -0.294100 | -0.226700 | - | +0.019200 | +0.067400 | +0.175867 |
Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.435400 | 0.472900 | 0.507600 | 0.545100 | 0.579800 | 0.617300 | 0.652000 |
Camarilla | 0.522445 | 0.529063 | 0.535682 | 0.542300 | 0.548918 | 0.555537 | 0.562155 |
Woodie | 0.434000 | 0.472200 | 0.506200 | 0.544400 | 0.578400 | 0.616600 | 0.650600 |
Fibonacci | 0.472900 | 0.500480 | 0.517520 | 0.545100 | 0.572680 | 0.589720 | 0.617300 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.366433 | 0.422067 | 0.503933 | 0.559567 | 0.641433 | 0.697067 | 0.778933 |
Camarilla | 0.547988 | 0.560592 | 0.573196 | 0.585800 | 0.598404 | 0.611008 | 0.623613 |
Woodie | 0.379550 | 0.428625 | 0.517050 | 0.566125 | 0.654550 | 0.703625 | 0.792050 |
Fibonacci | 0.422067 | 0.474592 | 0.507042 | 0.559567 | 0.612092 | 0.644542 | 0.697067 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | -0.152767 | 0.045767 | 0.322933 | 0.521467 | 0.798633 | 0.997167 | 1.274333 |
Camarilla | 0.469283 | 0.512888 | 0.556494 | 0.600100 | 0.643706 | 0.687312 | 0.730918 |
Woodie | -0.113450 | 0.065425 | 0.362250 | 0.541125 | 0.837950 | 1.016825 | 1.313650 |
Fibonacci | 0.045767 | 0.227484 | 0.339749 | 0.521467 | 0.703184 | 0.815449 | 0.997167 |
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): | 44.35 | |
MACD (12,26,9): | -0.0013 | |
Directional Movement: | -1.949211 | |
AROON (14): | -35.714286 | |
DEMA (21): | 0.579017 | |
Parabolic SAR (0,02-0,02-0,2): | 0.688047 | |
Elder Ray (13): | -0.033326 | |
Super Trend (3,10): | 0.505574 | |
Zig ZAG (10): | 0.522300 | |
VORTEX (21): | 0.9383 | |
Stochastique (14,3,5): | 26.45 | |
TEMA (21): | 0.535216 | |
Williams %R (14): | -77.73 | |
Chande Momentum Oscillator (20): | -0.104300 | |
Repulse (5,40,3): | -5.6836 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.3529 | |
Courbe Coppock: | 24.50 |
MA7: | 0.550271 | |
MA20: | 0.596435 | |
MA50: | 0.518660 | |
MA100: | 0.347850 | |
MAexp7: | 0.549802 | |
MAexp20: | 0.569826 | |
MAexp50: | 0.510254 | |
MAexp100: | 0.404536 | |
Price / MA7: | -2.83% | |
Price / MA20: | -10.35% | |
Price / MA50: | +3.09% | |
Price / MA100: | +53.72% | |
Price / MAexp7: | -2.75% | |
Price / MAexp20: | -6.16% | |
Price / MAexp50: | +4.79% | |
Price / MAexp100: | +32.18% |
Quotes :
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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.
About author
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…
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