SXP - SXP/USDT - Daily - Technical analysis published on 07/31/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 1.65 USDT
My targets
2.02 USDT (+12.85%)
My analysis
The bullish trend is currently very strong on SWIPE - SXP/USDT. As long as the price remains above the support at 1.65 USDT, you could try to benefit from the boom. The first bullish objective is located at 2.02 USDT. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.7
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This analysis was given by Addareea. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SWIPE - SXP/USDT rating 1.79 USDT. On the day, this instrument gained +17.76% and was traded between 1.52 USDT and 1.86 USDT over the period. The price is currently at +17.76% from its lowest and -3.76% from its highest.1.52
1.86
1.79
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of SWIPE - SXP/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 0.87 | 1.39 | 1.65 | 1.79 | 2.02 |
Change (%) | -51.40% | -22.35% | -7.82% | - | +12.85% |
Change | -0.92 | -0.40 | -0.14 | - | +0.23 |
Level | Intermediate | Intermediate | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.39 | 1.45 | 1.49 | 1.55 | 1.58 | 1.65 | 1.68 |
Camarilla | 1.49 | 1.50 | 1.51 | 1.52 | 1.53 | 1.54 | 1.55 |
Woodie | 1.37 | 1.44 | 1.47 | 1.54 | 1.57 | 1.64 | 1.67 |
Fibonacci | 1.45 | 1.49 | 1.51 | 1.55 | 1.59 | 1.61 | 1.65 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.19 | 0.66 | 1.33 | 1.80 | 2.47 | 2.94 | 3.61 |
Camarilla | 1.68 | 1.79 | 1.89 | 2.00 | 2.10 | 2.21 | 2.31 |
Woodie | 0.29 | 0.71 | 1.43 | 1.85 | 2.57 | 2.99 | 3.70 |
Fibonacci | 0.66 | 1.10 | 1.37 | 1.80 | 2.23 | 2.50 | 2.94 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.01 | 0.23 | 0.38 | 0.59 | 0.74 | 0.95 | 1.10 |
Camarilla | 0.42 | 0.46 | 0.49 | 0.52 | 0.56 | 0.59 | 0.62 |
Woodie | -0.02 | 0.21 | 0.34 | 0.57 | 0.70 | 0.93 | 1.06 |
Fibonacci | 0.23 | 0.37 | 0.45 | 0.59 | 0.73 | 0.81 | 0.95 |
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): | 66.11 | |
MACD (12,26,9): | 0.2700 | |
Directional Movement: | 21.40 | |
AROON (14): | 57.14 | |
DEMA (21): | 1.77 | |
Parabolic SAR (0,02-0,02-0,2): | 2.19 | |
Elder Ray (13): | 0.13 | |
Super Trend (3,10): | 1.35 | |
Zig ZAG (10): | 1.79 | |
VORTEX (21): | 1.1400 | |
Stochastique (14,3,5): | 56.09 | |
TEMA (21): | 1.87 | |
Williams %R (14): | -36.36 | |
Chande Momentum Oscillator (20): | 0.16 | |
Repulse (5,40,3): | 6.7000 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 4.7600 | |
Courbe Coppock: | 225.96 |
MA7: | 1.70 | |
MA20: | 1.37 | |
MA50: | 0.85 | |
MA100: | 0.68 | |
MAexp7: | 1.65 | |
MAexp20: | 1.41 | |
MAexp50: | 1.03 | |
MAexp100: | 0.86 | |
Price / MA7: | +5.29% | |
Price / MA20: | +30.66% | |
Price / MA50: | +110.59% | |
Price / MA100: | +163.24% | |
Price / MAexp7: | +8.48% | |
Price / MAexp20: | +26.95% | |
Price / MAexp50: | +73.79% | |
Price / MAexp100: | +108.14% |
Quotes :
2020-07-31 22:05:26
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Real time data
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Cryptocompare
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