DIMENSION - EONC/USDT - 1H - Technical analysis published on 08/15/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
DIMENSION - EONC/USDT Chart
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 0.060142 USDT
My targets
0.058450 USDT (-1.93%)
0.049900 USDT (-16.28%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on DIMENSION - EONC/USDT. As long as you are under the resistance located at 0.060142 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.058450 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.049900 USDT as an objective. Crossing it would then enable sellers to target 0.035144 USDT. If the resistance 0.060142 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.4
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This analysis was given by AKOUSA.
Additional analysis
Quotes
The DIMENSION - EONC/USDT rating is 0.059600 USDT. The price has increased by +0.00% since the last closing and was traded between 0.055200 USDT and 0.061100 USDT over the period. The price is currently at +7.97% from its lowest and -2.45% from its highest.0.055200
0.061100
0.059600
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
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this DIMENSION - EONC/USDT chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.035144 | 0.058450 | 0.059600 | 0.060142 | 0.066900 | 0.071557 |
| Change (%) | -41.03% | -1.93% | - | +0.91% | +12.25% | +20.06% |
| Change | -0.024456 | -0.001150 | - | +0.000542 | +0.007300 | +0.011957 |
| Level | Intermediate | Intermediate | - | Intermediate | Minor | Minor |
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 | 0.056667 | 0.057533 | 0.058567 | 0.059433 | 0.060467 | 0.061333 | 0.062367 |
| Camarilla | 0.059078 | 0.059252 | 0.059426 | 0.059600 | 0.059774 | 0.059948 | 0.060123 |
| Woodie | 0.056750 | 0.057575 | 0.058650 | 0.059475 | 0.060550 | 0.061375 | 0.062450 |
| Fibonacci | 0.057533 | 0.058259 | 0.058708 | 0.059433 | 0.060159 | 0.060608 | 0.061333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.049900 | 0.056400 | 0.066300 | 0.072800 | 0.082700 | 0.089200 | 0.099100 |
| Camarilla | 0.071690 | 0.073193 | 0.074697 | 0.076200 | 0.077703 | 0.079207 | 0.080710 |
| Woodie | 0.051600 | 0.057250 | 0.068000 | 0.073650 | 0.084400 | 0.090050 | 0.100800 |
| Fibonacci | 0.056400 | 0.062665 | 0.066535 | 0.072800 | 0.079065 | 0.082935 | 0.089200 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.018067 | 0.007867 | 0.042533 | 0.068467 | 0.103133 | 0.129067 | 0.163733 |
| Camarilla | 0.060535 | 0.066090 | 0.071645 | 0.077200 | 0.082755 | 0.088310 | 0.093865 |
| Woodie | -0.013700 | 0.010050 | 0.046900 | 0.070650 | 0.107500 | 0.131250 | 0.168100 |
| Fibonacci | 0.007867 | 0.031016 | 0.045318 | 0.068467 | 0.091616 | 0.105918 | 0.129067 |
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): | 50.53 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -9.487012 | |
| AROON (14): | -21.428574 | |
| DEMA (21): | 0.058758 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.055530 | |
| Elder Ray (13): | 0.000205 | |
| Super Trend (3,10): | 0.062909 | |
| Zig ZAG (10): | 0.059600 | |
| VORTEX (21): | 1.0043 | |
| Stochastique (14,3,5): | 69.49 | |
| TEMA (21): | 0.059033 | |
| Williams %R (14): | -23.73 | |
| Chande Momentum Oscillator (20): | 0.000600 | |
| Repulse (5,40,3): | 0.0758 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0521 | |
| Courbe Coppock: | 1.47 |
| MA7: | 0.064814 | |
| MA20: | 0.067650 | |
| MA50: | 0.050190 | |
| MA100: | 0.045102 | |
| MAexp7: | 0.058960 | |
| MAexp20: | 0.058988 | |
| MAexp50: | 0.059939 | |
| MAexp100: | 0.062583 | |
| Price / MA7: | -8.04% | |
| Price / MA20: | -11.90% | |
| Price / MA50: | +18.75% | |
| Price / MA100: | +32.14% | |
| Price / MAexp7: | +1.09% | |
| Price / MAexp20: | +1.04% | |
| Price / MAexp50: | -0.57% | |
| Price / MAexp100: | -4.77% |
Quotes :
2020-08-15 14:23:36
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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.
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