CODE CHAIN NEW CONTINENT - 15 min. - Technical analysis published on 07/22/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
CODE CHAIN NEW CONTINENT Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
17%
17%
My opinion
Bullish above 2.01 USD
My targets
2.14 USD (+5.94%)
2.27 USD (+12.38%)
My analysis
CODE CHAIN NEW CONTINENT 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 2.01 USD. The next resistance located at 2.14 USD 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 2.27 USD. After this resistance, buyers could then target 2.37 USD. 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.
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
7.3
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This analysis was given by aba0550.
Additional analysis
Quotes
The CODE CHAIN NEW CONTINENT rating is 2.02 USD. On the day, this instrument gained +7.45% with the lowest point at 1.85 USD and the highest point at 2.09 USD. The deviation from the price is +9.19% for the low point and -3.35% for the high point.1.85
2.09
2.02
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 15 min. of this CODE CHAIN NEW CONTINENT chart shows a strongly bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 15 minutes
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.80 | 1.53 | 1.73 | 2.02 | 2.05 | 2.37 | 2.75 |
| Change (%) | -60.40% | -24.26% | -14.36% | - | +1.49% | +17.33% | +36.14% |
| Change | -1.22 | -0.49 | -0.29 | - | +0.03 | +0.35 | +0.73 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.49 | 1.62 | 1.75 | 1.88 | 2.01 | 2.14 | 2.27 |
| Camarilla | 1.81 | 1.83 | 1.86 | 1.88 | 1.90 | 1.93 | 1.95 |
| Woodie | 1.49 | 1.62 | 1.75 | 1.88 | 2.01 | 2.14 | 2.27 |
| Fibonacci | 1.62 | 1.72 | 1.78 | 1.88 | 1.98 | 2.04 | 2.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.21 | 1.47 | 1.61 | 1.87 | 2.01 | 2.27 | 2.41 |
| Camarilla | 1.65 | 1.69 | 1.72 | 1.76 | 1.80 | 1.83 | 1.87 |
| Woodie | 1.16 | 1.44 | 1.56 | 1.84 | 1.96 | 2.24 | 2.36 |
| Fibonacci | 1.47 | 1.62 | 1.71 | 1.87 | 2.02 | 2.11 | 2.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.32 | 1.12 | 1.61 | 2.41 | 2.90 | 3.70 | 4.19 |
| Camarilla | 1.76 | 1.87 | 1.99 | 2.11 | 2.23 | 2.35 | 2.47 |
| Woodie | 0.18 | 1.04 | 1.47 | 2.33 | 2.76 | 3.62 | 4.05 |
| Fibonacci | 1.12 | 1.61 | 1.91 | 2.41 | 2.90 | 3.20 | 3.70 |
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): | 55.54 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 17.00 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 1.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.83 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 1.80 | |
| Zig ZAG (10): | 1.88 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 56.49 | |
| TEMA (21): | 1.91 | |
| Williams %R (14): | -56.52 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | -3.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 8.99 |
| MA7: | 1.82 | |
| MA20: | 1.95 | |
| MA50: | 2.37 | |
| MA100: | 3.17 | |
| MAexp7: | 1.89 | |
| MAexp20: | 1.85 | |
| MAexp50: | 1.83 | |
| MAexp100: | 1.83 | |
| Price / MA7: | +10.99% | |
| Price / MA20: | +3.59% | |
| Price / MA50: | -14.77% | |
| Price / MA100: | -36.28% | |
| Price / MAexp7: | +6.88% | |
| Price / MAexp20: | +9.19% | |
| Price / MAexp50: | +10.38% | |
| Price / MAexp100: | +10.38% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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