CODE CHAIN NEW CONTINENT - 1H - Technical analysis published on 07/22/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
CODE CHAIN NEW CONTINENT Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.87 USD
My targets
2.05 USD (+1.49%)
2.27 USD (+12.23%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CODE CHAIN NEW CONTINENT as long as the price remains well above 1.87 USD. The buyers' bullish objective is set at 2.05 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.27 USD. If there is any crossing, the next objective would be the resistance located at 2.37 USD.
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
3.6
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This analysis was given by aba0550.
Additional analysis
Quotes
The CODE CHAIN NEW CONTINENT rating is 2.02 USD. The price registered an increase of +7.45% on the session and was between 1.85 USD and 2.09 USD. This implies that the price is at +9.19% from its lowest and at -3.35% from its highest.1.85
2.09
2.02
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 CODE CHAIN NEW CONTINENT in 1H shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
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 |
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 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.69 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 25.37 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 1.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.76 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 1.71 | |
| Zig ZAG (10): | 1.88 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 69.36 | |
| TEMA (21): | 1.86 | |
| Williams %R (14): | -48.15 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 4.35 |
| MA7: | 1.82 | |
| MA20: | 1.95 | |
| MA50: | 2.37 | |
| MA100: | 3.17 | |
| MAexp7: | 1.85 | |
| MAexp20: | 1.83 | |
| MAexp50: | 1.85 | |
| MAexp100: | 1.93 | |
| Price / MA7: | +10.99% | |
| Price / MA20: | +3.59% | |
| Price / MA50: | -14.77% | |
| Price / MA100: | -36.28% | |
| Price / MAexp7: | +9.19% | |
| Price / MAexp20: | +10.38% | |
| Price / MAexp50: | +9.19% | |
| Price / MAexp100: | +4.66% |
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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