INTERNET COMPUTER - ICP/USD - Daily - Technical analysis published on 09/27/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 7.08 USD
My targets
5.57 USD (-11.63%)
5.01 USD (-20.43%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on INTERNET COMPUTER - ICP/USD. As long as you are under the resistance located at 7.08 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 5.57 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 5.01 USD as an objective. Crossing it would then enable sellers to target 3.80 USD. If the resistance 7.08 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.6
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This analysis was given by EpicHaxer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INTERNET COMPUTER - ICP/USD rating is 6.30 USD. The price has increased by +0.96% since the last closing and was between 6.20 USD and 6.51 USD. This implies that the price is at +1.61% from its lowest and at -3.23% from its highest.6.20
6.51
6.30
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of INTERNET COMPUTER - ICP/USD indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 6.30 | 7.08 | 12.43 | 16.06 |
| Change (%) | - | +12.38% | +97.30% | +154.92% |
| Change | - | +0.78 | +6.13 | +9.76 |
| Level | - | Intermediate | Minor | 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 | 5.33 | 5.55 | 5.89 | 6.11 | 6.45 | 6.67 | 7.01 |
| Camarilla | 6.09 | 6.14 | 6.19 | 6.24 | 6.29 | 6.34 | 6.39 |
| Woodie | 5.40 | 5.58 | 5.96 | 6.14 | 6.52 | 6.70 | 7.08 |
| Fibonacci | 5.55 | 5.76 | 5.89 | 6.11 | 6.32 | 6.45 | 6.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.63 | 5.07 | 5.57 | 6.01 | 6.51 | 6.95 | 7.45 |
| Camarilla | 5.80 | 5.89 | 5.97 | 6.06 | 6.15 | 6.23 | 6.32 |
| Woodie | 4.65 | 5.09 | 5.59 | 6.03 | 6.53 | 6.97 | 7.47 |
| Fibonacci | 5.07 | 5.43 | 5.65 | 6.01 | 6.37 | 6.59 | 6.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.94 | 3.80 | 5.01 | 6.87 | 8.08 | 9.94 | 11.15 |
| Camarilla | 5.39 | 5.67 | 5.95 | 6.23 | 6.51 | 6.79 | 7.07 |
| Woodie | 1.63 | 3.64 | 4.70 | 6.71 | 7.77 | 9.78 | 10.84 |
| Fibonacci | 3.80 | 4.97 | 5.69 | 6.87 | 8.04 | 8.76 | 9.94 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.26 | |
| MACD (12,26,9): | -0.1400 | |
| Directional Movement: | -0.87 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 6.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.52 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 7.21 | |
| Zig ZAG (10): | 6.38 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 49.87 | |
| TEMA (21): | 6.07 | |
| Williams %R (14): | -16.67 | |
| Chande Momentum Oscillator (20): | 0.24 | |
| Repulse (5,40,3): | 5.1100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3800 | |
| Courbe Coppock: | 15.34 |
| MA7: | 6.11 | |
| MA20: | 6.34 | |
| MA50: | 6.66 | |
| MA100: | 6.68 | |
| MAexp7: | 6.17 | |
| MAexp20: | 6.26 | |
| MAexp50: | 6.56 | |
| MAexp100: | 7.35 | |
| Price / MA7: | +3.11% | |
| Price / MA20: | -0.63% | |
| Price / MA50: | -5.41% | |
| Price / MA100: | -5.69% | |
| Price / MAexp7: | +2.11% | |
| Price / MAexp20: | +0.64% | |
| Price / MAexp50: | -3.96% | |
| Price / MAexp100: | -14.29% |
Quotes :
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Real time data
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Cryptocompare
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