API3 - API3/ETH

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Type:	Cryptocurrencies
Ticker:	API3ETH
ISIN:

API3 - API3/ETH - Daily - Technical analysis published on 07/28/2024 (GMT)

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Timeframe : Daily
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API3 - API3/ETH Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

67%

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

2.3

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 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:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

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:

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:

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:

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:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
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
Standard	0.000587	0.000602	0.000616	0.000631	0.000645	0.000660	0.000674
Camarilla	0.000622	0.000625	0.000627	0.000630	0.000633	0.000635	0.000638
Woodie	0.000587	0.000602	0.000616	0.000631	0.000645	0.000660	0.000674
Fibonacci	0.000602	0.000613	0.000620	0.000631	0.000642	0.000649	0.000660

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000439	0.000483	0.000557	0.000601	0.000675	0.000719	0.000793
Camarilla	0.000598	0.000608	0.000619	0.000630	0.000641	0.000652	0.000663
Woodie	0.000453	0.000491	0.000571	0.000609	0.000689	0.000727	0.000807
Fibonacci	0.000483	0.000528	0.000556	0.000601	0.000646	0.000674	0.000719

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000169	0.000385	0.000515	0.000731	0.000861	0.001077	0.001207
Camarilla	0.000551	0.000583	0.000614	0.000646	0.000678	0.000709	0.000741
Woodie	0.000127	0.000364	0.000473	0.000710	0.000819	0.001056	0.001165
Fibonacci	0.000385	0.000517	0.000599	0.000731	0.000863	0.000945	0.001077

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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