HIVE - HIVE/USDT - 1H - Technical analysis published on 01/26/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
39%
22%
My opinion
Bullish above 0.880000 USDT
My targets
0.946267 USDT (+4.39%)
0.980000 USDT (+8.11%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on HIVE - HIVE/USDT as long as the price remains well above 0.880000 USDT. The buyers' bullish objective is set at 0.946267 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.980000 USDT. If there is any crossing, the next objective would be the resistance located at 1.170000 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.7
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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 HIVE - HIVE/USDT price is 0.906500 USDT. On the day, this instrument gained +8.06% with the lowest point at 0.832800 USDT and the highest point at 0.969900 USDT. The deviation from the price is +8.85% for the low point and -6.54% for the high point.0.832800
0.969900
0.906500
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
Technical analysis of HIVE - HIVE/USDT in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 7 are bullish, 4 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.710000 | 0.780000 | 0.880000 | 0.906500 | 0.980000 | 1.170000 | 1.270000 |
| Change (%) | -21.68% | -13.95% | -2.92% | - | +8.11% | +29.07% | +40.10% |
| Change | -0.196500 | -0.126500 | -0.026500 | - | +0.073500 | +0.263500 | +0.363500 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Intermediate |
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 | 0.734500 | 0.758100 | 0.798500 | 0.822100 | 0.862500 | 0.886100 | 0.926500 |
| Camarilla | 0.821300 | 0.827167 | 0.833033 | 0.838900 | 0.844767 | 0.850633 | 0.856500 |
| Woodie | 0.742900 | 0.762300 | 0.806900 | 0.826300 | 0.870900 | 0.890300 | 0.934900 |
| Fibonacci | 0.758100 | 0.782548 | 0.797652 | 0.822100 | 0.846548 | 0.861652 | 0.886100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.057467 | 0.326267 | 0.562533 | 0.946267 | 1.182533 | 1.566267 | 1.802533 |
| Camarilla | 0.628300 | 0.685133 | 0.741967 | 0.798800 | 0.855633 | 0.912467 | 0.969300 |
| Woodie | -0.131200 | 0.289400 | 0.488800 | 0.909400 | 1.108800 | 1.529400 | 1.728800 |
| Fibonacci | 0.326267 | 0.563107 | 0.709427 | 0.946267 | 1.183107 | 1.329427 | 1.566267 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.553333 | 0.916667 | 1.203333 | 1.566667 | 1.853333 | 2.216667 | 2.503333 |
| Camarilla | 1.311250 | 1.370833 | 1.430417 | 1.490000 | 1.549583 | 1.609167 | 1.668750 |
| Woodie | 0.515000 | 0.897500 | 1.165000 | 1.547500 | 1.815000 | 2.197500 | 2.465000 |
| Fibonacci | 0.916667 | 1.164967 | 1.318367 | 1.566667 | 1.814967 | 1.968367 | 2.216667 |
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): | 56.51 | |
| MACD (12,26,9): | 0.0206 | |
| Directional Movement: | 13.431416 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.921551 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.958140 | |
| Elder Ray (13): | 0.003773 | |
| Super Trend (3,10): | 0.843420 | |
| Zig ZAG (10): | 0.902700 | |
| VORTEX (21): | 1.1274 | |
| Stochastique (14,3,5): | 41.80 | |
| TEMA (21): | 0.925228 | |
| Williams %R (14): | -84.90 | |
| Chande Momentum Oscillator (20): | -0.007800 | |
| Repulse (5,40,3): | -0.5666 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4251 | |
| Courbe Coppock: | 10.23 |
| MA7: | 0.887343 | |
| MA20: | 1.151830 | |
| MA50: | 1.394732 | |
| MA100: | 1.314066 | |
| MAexp7: | 0.909205 | |
| MAexp20: | 0.892364 | |
| MAexp50: | 0.861385 | |
| MAexp100: | 0.870955 | |
| Price / MA7: | +2.16% | |
| Price / MA20: | -21.30% | |
| Price / MA50: | -35.01% | |
| Price / MA100: | -31.02% | |
| Price / MAexp7: | -0.30% | |
| Price / MAexp20: | +1.58% | |
| Price / MAexp50: | +5.24% | |
| Price / MAexp100: | +4.08% |
Quotes :
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Real time data
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Cryptocompare
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