CREDITCOIN - CTC/USDT - Daily - Technical analysis published on 12/31/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
11%
6%
My opinion
Bullish above 0.692800 USDT
My targets
0.869502 USDT (+17.32%)
1.033940 USDT (+39.51%)
My analysis
The bullish trend is currently very strong on CREDITCOIN - CTC/USDT. As long as the price remains above the support at 0.692800 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.869502 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.033940 USDT as an objective. Crossing it would then enable buyers to target 2.101333 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CREDITCOIN - CTC/USDT rating 0.741130 USDT. On the day, this instrument gained +6.04% and was between 0.694327 USDT and 0.749460 USDT. This implies that the price is at +6.74% from its lowest and at -1.11% from its highest.0.694327
0.749460
0.741130
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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
Technical analysis of this Daily chart of CREDITCOIN - CTC/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.511246 | 0.604778 | 0.692800 | 0.741130 | 2.101333 | 4.844000 | 6.564000 |
| Change (%) | -31.02% | -18.40% | -6.52% | - | +183.53% | +553.60% | +785.67% |
| Change | -0.229884 | -0.136352 | -0.048330 | - | +1.360203 | +4.102870 | +5.822870 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | 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 | 0.431912 | 0.487766 | 0.593356 | 0.649210 | 0.754800 | 0.810654 | 0.916244 |
| Camarilla | 0.654549 | 0.669348 | 0.684147 | 0.698946 | 0.713745 | 0.728544 | 0.743343 |
| Woodie | 0.456780 | 0.500200 | 0.618224 | 0.661644 | 0.779668 | 0.823088 | 0.941112 |
| Fibonacci | 0.487766 | 0.549438 | 0.587538 | 0.649210 | 0.710882 | 0.748982 | 0.810654 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.284792 | 0.370070 | 0.534508 | 0.619786 | 0.784224 | 0.869502 | 1.033940 |
| Camarilla | 0.630274 | 0.653165 | 0.676055 | 0.698946 | 0.721837 | 0.744727 | 0.767618 |
| Woodie | 0.324372 | 0.389860 | 0.574088 | 0.639576 | 0.823804 | 0.889292 | 1.073520 |
| Fibonacci | 0.370070 | 0.465462 | 0.524395 | 0.619786 | 0.715178 | 0.774111 | 0.869502 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.079734 | 0.121206 | 0.166393 | 0.207865 | 0.253052 | 0.294524 | 0.339711 |
| Camarilla | 0.187750 | 0.195694 | 0.203637 | 0.211581 | 0.219525 | 0.227469 | 0.235412 |
| Woodie | 0.081593 | 0.122135 | 0.168252 | 0.208794 | 0.254911 | 0.295453 | 0.341570 |
| Fibonacci | 0.121206 | 0.154309 | 0.174761 | 0.207865 | 0.240968 | 0.261420 | 0.294524 |
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): | 75.18 | |
| MACD (12,26,9): | 0.0816 | |
| Directional Movement: | 41.830746 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.606042 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.376143 | |
| Elder Ray (13): | 0.156772 | |
| Super Trend (3,10): | 0.526978 | |
| Zig ZAG (10): | 0.697686 | |
| VORTEX (21): | 1.2723 | |
| Stochastique (14,3,5): | 96.65 | |
| TEMA (21): | 0.631038 | |
| Williams %R (14): | -2.02 | |
| Chande Momentum Oscillator (20): | 0.205034 | |
| Repulse (5,40,3): | 24.9717 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 2.9130 | |
| Courbe Coppock: | 48.97 |
| MA7: | 0.563316 | |
| MA20: | 0.506348 | |
| MA50: | 0.321678 | |
| MA100: | 0.232198 | |
| MAexp7: | 0.595983 | |
| MAexp20: | 0.477921 | |
| MAexp50: | 0.365888 | |
| MAexp100: | 0.289568 | |
| Price / MA7: | +31.57% | |
| Price / MA20: | +46.37% | |
| Price / MA50: | +130.39% | |
| Price / MA100: | +219.18% | |
| Price / MAexp7: | +24.35% | |
| Price / MAexp20: | +55.07% | |
| Price / MAexp50: | +102.56% | |
| Price / MAexp100: | +155.94% |
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.
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