HELIUM - HNT/USDT - 1H - Technical analysis published on 04/12/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.51 USDT
My targets
1.66 USDT (+6.90%)
1.80 USDT (+16.32%)
My analysis
A bullish trend on HELIUM - HNT/USDT both in substance and in the short term. A purchase could be considered as long as the price remains above 1.51 USDT. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.66 USDT. Then the price could move towards 1.80 USDT. Then 2.13 USDT by extension. Be careful, a return below 1.51 USDT would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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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
HELIUM - HNT/USDT rating 1.55 USDT. The price registered an increase of +7.64% on the session and was traded between 1.41 USDT and 1.59 USDT over the period. The price is currently at +9.93% from its lowest and -2.52% from its highest.1.41
1.59
1.55
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 HELIUM - HNT/USDT in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.46 | 1.48 | 1.51 | 1.55 | 2.13 | 3.28 | 4.62 |
| Change (%) | -5.81% | -4.52% | -2.58% | - | +37.42% | +111.61% | +198.06% |
| Change | -0.09 | -0.07 | -0.04 | - | +0.58 | +1.73 | +3.07 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | Minor |
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 | 1.40 | 1.41 | 1.43 | 1.44 | 1.46 | 1.47 | 1.49 |
| Camarilla | 1.43 | 1.44 | 1.44 | 1.44 | 1.44 | 1.45 | 1.45 |
| Woodie | 1.40 | 1.41 | 1.43 | 1.44 | 1.46 | 1.47 | 1.49 |
| Fibonacci | 1.41 | 1.43 | 1.43 | 1.44 | 1.46 | 1.46 | 1.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.02 | 1.14 | 1.28 | 1.40 | 1.54 | 1.66 | 1.80 |
| Camarilla | 1.36 | 1.38 | 1.41 | 1.43 | 1.45 | 1.48 | 1.50 |
| Woodie | 1.04 | 1.15 | 1.30 | 1.41 | 1.56 | 1.67 | 1.82 |
| Fibonacci | 1.14 | 1.24 | 1.30 | 1.40 | 1.50 | 1.56 | 1.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.87 | 0.15 | 0.75 | 1.77 | 2.37 | 3.39 | 3.99 |
| Camarilla | 0.92 | 1.06 | 1.21 | 1.36 | 1.51 | 1.66 | 1.81 |
| Woodie | -1.07 | 0.05 | 0.55 | 1.67 | 2.17 | 3.29 | 3.79 |
| Fibonacci | 0.15 | 0.77 | 1.15 | 1.77 | 2.39 | 2.77 | 3.39 |
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): | 69.78 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 25.05 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 1.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.42 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 1.44 | |
| Zig ZAG (10): | 1.47 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 84.92 | |
| TEMA (21): | 1.46 | |
| Williams %R (14): | -23.75 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | 1.9500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 3.17 |
| MA7: | 1.43 | |
| MA20: | 1.39 | |
| MA50: | 1.88 | |
| MA100: | 2.19 | |
| MAexp7: | 1.46 | |
| MAexp20: | 1.44 | |
| MAexp50: | 1.44 | |
| MAexp100: | 1.43 | |
| Price / MA7: | +8.39% | |
| Price / MA20: | +11.51% | |
| Price / MA50: | -17.55% | |
| Price / MA100: | -29.22% | |
| Price / MAexp7: | +6.16% | |
| Price / MAexp20: | +7.64% | |
| Price / MAexp50: | +7.64% | |
| Price / MAexp100: | +8.39% |
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.
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