API3 - API3/ETH
API3 - API3/ETH
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Change: -
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High / Low range: -
Type: Cryptocurrencies
Ticker: API3ETH
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API3 - API3/ETH - Daily - Technical analysis published on 07/28/2024 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.000617 ETH
My targets
0.000731 ETH (+12.07%)
0.000750 ETH (+15.03%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for API3 - API3/ETH as long as the price remains well above 0.000617 ETH. The buyers' bullish objective is set at 0.000731 ETH. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.000750 ETH. If there is any crossing, the next objective would be the resistance located at 0.001003 ETH. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.000731 ETH. On this resistance, against the trend traders who would like to go short on API3 - API3/ETH with a bearish signal from their trading strategy, should not hesitate to act.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.3

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 jacgre.

Additional analysis

Quotes

The API3 - API3/ETH rating is 0.000652 ETH. The price has increased by +3.49% since the last closing and was between 0.000630 ETH and 0.000655 ETH. This implies that the price is at +3.49% from its lowest and at -0.46% from its highest.

0.000630
0.000655
0.000652

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this Daily chart of API3 - API3/ETH indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily



The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily



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


ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 0.000471 0.000617 0.000652 0.000750 0.001003 0.001432
Change (%) -27.76% -5.37% - +15.03% +53.83% +119.63%
Change -0.000181 -0.000035 - +0.000098 +0.000351 +0.000780
Level Intermediate 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
Standard0.0005870.0006020.0006160.0006310.0006450.0006600.000674
Camarilla0.0006220.0006250.0006270.0006300.0006330.0006350.000638
Woodie0.0005870.0006020.0006160.0006310.0006450.0006600.000674
Fibonacci0.0006020.0006130.0006200.0006310.0006420.0006490.000660


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0004390.0004830.0005570.0006010.0006750.0007190.000793
Camarilla0.0005980.0006080.0006190.0006300.0006410.0006520.000663
Woodie0.0004530.0004910.0005710.0006090.0006890.0007270.000807
Fibonacci0.0004830.0005280.0005560.0006010.0006460.0006740.000719


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0001690.0003850.0005150.0007310.0008610.0010770.001207
Camarilla0.0005510.0005830.0006140.0006460.0006780.0007090.000741
Woodie0.0001270.0003640.0004730.0007100.0008190.0010560.001165
Fibonacci0.0003850.0005170.0005990.0007310.0008630.0009450.001077

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): 57.58
MACD (12,26,9): 0.0000
Directional Movement: 5.266183
AROON (14): 35.714286
DEMA (21): 0.000584
Parabolic SAR (0,02-0,02-0,2): 0.000530
Elder Ray (13): 0.000044
Super Trend (3,10): 0.000539
Zig ZAG (10): 0.000652
VORTEX (21): 1.0862
Stochastique (14,3,5): 92.26
TEMA (21): 0.000604
Williams %R (14): -2.36
Chande Momentum Oscillator (20): 0.000061
Repulse (5,40,3): 9.6662
ROCnROLL: -1
TRIX (15,9): -0.4249
Courbe Coppock: 2.29
MA7: 0.000589
MA20: 0.000591
MA50: 0.000640
MA100: 0.000715
MAexp7: 0.000608
MAexp20: 0.000600
MAexp50: 0.000642
MAexp100: 0.000708
Price / MA7: +10.70%
Price / MA20: +10.32%
Price / MA50: +1.88%
Price / MA100: -8.81%
Price / MAexp7: +7.24%
Price / MAexp20: +8.67%
Price / MAexp50: +1.56%
Price / MAexp100: -7.91%

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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