FETCH.AI - FET/USD - 1H - Technical analysis published on 10/11/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 0.212069 USD
My targets
0.202376 USD (-0.90%)
0.184550 USD (-9.63%)
My analysis
The bearish trend is currently very strong for FETCH.AI - FET/USD. As long as the price remains below the resistance at 0.212069 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.202376 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.184550 USD as an objective. Crossing it would then enable sellers to target 0.054800 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, 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
4.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FETCH.AI - FET/USD rating is 0.204220 USD. On the day, this instrument lost -0.08% and was traded between 0.200043 USD and 0.206593 USD over the period. The price is currently at +2.09% from its lowest and -1.15% from its highest.0.200043
0.206593
0.204220
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FETCH.AI - FET/USD:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of FETCH.AI - FET/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.054800 | 0.184550 | 0.202376 | 0.204220 | 0.212069 | 0.219728 | 0.222931 |
| Change (%) | -73.17% | -9.63% | -0.90% | - | +3.84% | +7.59% | +9.16% |
| Change | -0.149420 | -0.019670 | -0.001844 | - | +0.007849 | +0.015508 | +0.018711 |
| 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 | 0.190198 | 0.195760 | 0.200076 | 0.205638 | 0.209954 | 0.215516 | 0.219832 |
| Camarilla | 0.201675 | 0.202580 | 0.203486 | 0.204391 | 0.205297 | 0.206202 | 0.207108 |
| Woodie | 0.189574 | 0.195449 | 0.199452 | 0.205327 | 0.209330 | 0.215205 | 0.219208 |
| Fibonacci | 0.195760 | 0.199534 | 0.201865 | 0.205638 | 0.209412 | 0.211743 | 0.215516 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.179706 | 0.195335 | 0.207968 | 0.223597 | 0.236230 | 0.251859 | 0.264492 |
| Camarilla | 0.212830 | 0.215421 | 0.218011 | 0.220602 | 0.223193 | 0.225783 | 0.228374 |
| Woodie | 0.178209 | 0.194586 | 0.206471 | 0.222848 | 0.234733 | 0.251110 | 0.262995 |
| Fibonacci | 0.195335 | 0.206131 | 0.212801 | 0.223597 | 0.234393 | 0.241063 | 0.251859 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.133722 | 0.171526 | 0.197191 | 0.234995 | 0.260660 | 0.298464 | 0.324129 |
| Camarilla | 0.205401 | 0.211219 | 0.217037 | 0.222855 | 0.228673 | 0.234491 | 0.240309 |
| Woodie | 0.127652 | 0.168491 | 0.191121 | 0.231960 | 0.254590 | 0.295429 | 0.318059 |
| Fibonacci | 0.171526 | 0.195772 | 0.210750 | 0.234995 | 0.259241 | 0.274219 | 0.298464 |
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): | 45.72 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -17.860151 | |
| AROON (14): | -64.285714 | |
| DEMA (21): | 0.203133 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.206388 | |
| Elder Ray (13): | 0.000264 | |
| Super Trend (3,10): | 0.208696 | |
| Zig ZAG (10): | 0.204967 | |
| VORTEX (21): | 0.8785 | |
| Stochastique (14,3,5): | 63.77 | |
| TEMA (21): | 0.203693 | |
| Williams %R (14): | -26.11 | |
| Chande Momentum Oscillator (20): | 0.000190 | |
| Repulse (5,40,3): | 0.5854 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1082 | |
| Courbe Coppock: | 1.60 |
| MA7: | 0.213820 | |
| MA20: | 0.217527 | |
| MA50: | 0.225385 | |
| MA100: | 0.219147 | |
| MAexp7: | 0.204187 | |
| MAexp20: | 0.205042 | |
| MAexp50: | 0.208444 | |
| MAexp100: | 0.212460 | |
| Price / MA7: | -4.49% | |
| Price / MA20: | -6.12% | |
| Price / MA50: | -9.39% | |
| Price / MA100: | -6.81% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.40% | |
| Price / MAexp50: | -2.03% | |
| Price / MAexp100: | -3.88% |
Quotes :
-
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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