ARTIFICIAL SUPERINTELLIGENCE A - FET/USD - 1H - Technical analysis published on 06/08/2023 (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
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 0.232880 USD
My targets
0.214800 USD (-5.87%)
0.213000 USD (-6.66%)
My analysis
The bearish basic trend is very strong on FETCH.AI - FET/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.232880 USD. Crossing the first support at 0.214800 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.213000 USD as an objective. Crossing it would then enable sellers to target 0.185000 USD. Caution, a return to above the resistance located at 0.232880 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3
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Additional analysis
Quotes
The FETCH.AI - FET/USD rating is 0.228200 USD. On the day, this instrument lost -0.13% with the lowest point at 0.222100 USD and the highest point at 0.231200 USD. The deviation from the price is +2.75% for the low point and -1.30% for the high point.0.222100
0.231200
0.228200
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this FETCH.AI - FET/USD chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
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 : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.055763 | 0.120000 | 0.185000 | 0.228200 | 0.232880 | 0.261300 | 0.279671 |
| Change (%) | -75.56% | -47.41% | -18.93% | - | +2.05% | +14.50% | +22.56% |
| Change | -0.172437 | -0.108200 | -0.043200 | - | +0.004680 | +0.033100 | +0.051471 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.198533 | 0.211967 | 0.220233 | 0.233667 | 0.241933 | 0.255367 | 0.263633 |
| Camarilla | 0.222533 | 0.224522 | 0.226511 | 0.228500 | 0.230489 | 0.232478 | 0.234468 |
| Woodie | 0.195950 | 0.210675 | 0.217650 | 0.232375 | 0.239350 | 0.254075 | 0.261050 |
| Fibonacci | 0.211967 | 0.220256 | 0.225377 | 0.233667 | 0.241956 | 0.247077 | 0.255367 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.214800 | 0.234000 | 0.251400 | 0.270600 | 0.288000 | 0.307200 | 0.324600 |
| Camarilla | 0.258735 | 0.262090 | 0.265445 | 0.268800 | 0.272155 | 0.275510 | 0.278865 |
| Woodie | 0.213900 | 0.233550 | 0.250500 | 0.270150 | 0.287100 | 0.306750 | 0.323700 |
| Fibonacci | 0.234000 | 0.247981 | 0.256619 | 0.270600 | 0.284581 | 0.293219 | 0.307200 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.103200 | 0.162000 | 0.213000 | 0.271800 | 0.322800 | 0.381600 | 0.432600 |
| Camarilla | 0.233805 | 0.243870 | 0.253935 | 0.264000 | 0.274065 | 0.284130 | 0.294195 |
| Woodie | 0.099300 | 0.160050 | 0.209100 | 0.269850 | 0.318900 | 0.379650 | 0.428700 |
| Fibonacci | 0.162000 | 0.203944 | 0.229856 | 0.271800 | 0.313744 | 0.339656 | 0.381600 |
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): | 47.39 | |
| MACD (12,26,9): | -0.0017 | |
| Directional Movement: | -6.420125 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.225728 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.223054 | |
| Elder Ray (13): | 0.001008 | |
| Super Trend (3,10): | 0.232523 | |
| Zig ZAG (10): | 0.228100 | |
| VORTEX (21): | 0.9592 | |
| Stochastique (14,3,5): | 84.76 | |
| TEMA (21): | 0.227174 | |
| Williams %R (14): | -19.78 | |
| Chande Momentum Oscillator (20): | 0.001000 | |
| Repulse (5,40,3): | 1.4129 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1763 | |
| Courbe Coppock: | 0.06 |
| MA7: | 0.251243 | |
| MA20: | 0.252330 | |
| MA50: | 0.279232 | |
| MA100: | 0.332128 | |
| MAexp7: | 0.228389 | |
| MAexp20: | 0.228611 | |
| MAexp50: | 0.234190 | |
| MAexp100: | 0.242589 | |
| Price / MA7: | -9.17% | |
| Price / MA20: | -9.56% | |
| Price / MA50: | -18.28% | |
| Price / MA100: | -31.29% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -2.56% | |
| Price / MAexp100: | -5.93% |
Quotes :
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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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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