SXP - SXP/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	SXPUSD
ISIN:

SXP - SXP/USD - Daily - Technical analysis published on 08/19/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 0.303333 USD

My targets

0.204167 USD (-21.47%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SXP - SXP/USD as long as the price remains well below 0.303333 USD. The sellers' bearish objective is set at 0.204167 USD. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SXP - SXP/USD rating is 0.260000 USD. The price registered an increase of +4.00% on the session and was between 0.260000 USD and 0.260000 USD. This implies that the price is at 0% from its lowest and at 0% from its highest.

0.260000

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of SXP - SXP/USD in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 12 technical indicators on 18 studied are currently positioned bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.204167	0.260000	0.320000	0.460000	0.680000
Change (%)	-21.47%	-	+23.08%	+76.92%	+161.54%
Change	-0.055833	-	+0.060000	+0.200000	+0.420000
Level	Major	-	Intermediate	Intermediate	Minor

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	0.236667	0.243333	0.246667	0.253333	0.256667	0.263333	0.266667
Camarilla	0.247250	0.248167	0.249083	0.250000	0.250917	0.251833	0.252750
Woodie	0.235000	0.242500	0.245000	0.252500	0.255000	0.262500	0.265000
Fibonacci	0.243333	0.247153	0.249513	0.253333	0.257153	0.259513	0.263333

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.286667	0.303333	0.316667	0.333333	0.346667	0.363333	0.376667
Camarilla	0.321750	0.324500	0.327250	0.330000	0.332750	0.335500	0.338250
Woodie	0.285000	0.302500	0.315000	0.332500	0.345000	0.362500	0.375000
Fibonacci	0.303333	0.314793	0.321873	0.333333	0.344793	0.351873	0.363333

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.203333	0.266667	0.303333	0.366667	0.403333	0.466667	0.503333
Camarilla	0.312500	0.321667	0.330833	0.340000	0.349167	0.358333	0.367500
Woodie	0.190000	0.260000	0.290000	0.360000	0.390000	0.460000	0.490000
Fibonacci	0.266667	0.304867	0.328467	0.366667	0.404867	0.428467	0.466667

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):	22.54
MACD (12,26,9):	-0.0197
Directional Movement:	-20.976730
AROON (14):	-50.000000
DEMA (21):	0.291666
Parabolic SAR (0,02-0,02-0,2):	0.335600
Elder Ray (13):	-0.049021
Super Trend (3,10):	0.331717
Zig ZAG (10):	0.260000
VORTEX (21):	0.7727
Stochastique (14,3,5):	13.89
TEMA (21):	0.281335
Williams %R (14):	-75.00
Chande Momentum Oscillator (20):	-0.070000
Repulse (5,40,3):	-13.9903
ROCnROLL:	2
TRIX (15,9):	-0.5305
Courbe Coppock:	23.94

MA7:	0.298571
MA20:	0.320000
MA50:	0.348600
MA100:	0.371400
MAexp7:	0.288230
MAexp20:	0.314865
MAexp50:	0.341529
MAexp100:	0.366241
Price / MA7:	-12.92%
Price / MA20:	-18.75%
Price / MA50:	-25.42%
Price / MA100:	-29.99%
Price / MAexp7:	-9.79%
Price / MAexp20:	-17.42%
Price / MAexp50:	-23.87%
Price / MAexp100:	-29.01%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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