INTERNET COMPUTER - ICP/USD - 1H - Technical analysis published on 11/08/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 4.48 USD
My targets
4.09 USD (-4.88%)
My analysis
The bearish trend is currently very strong for INTERNET COMPUTER - ICP/USD. As long as the price remains below the resistance at 4.48 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.09 USD. The bearish momentum would be revived by a break in this support. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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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 price is 4.30 USD. On the day, this instrument lost -17.15% and was traded between 3.73 USD and 5.26 USD over the period. The price is currently at +15.28% from its lowest and -18.25% from its highest.3.73
5.26
4.30
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of INTERNET COMPUTER - ICP/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 4.30 | 4.87 | 5.01 | 5.08 |
| Change (%) | - | +13.26% | +16.51% | +18.14% |
| Change | - | +0.57 | +0.71 | +0.78 |
| Level | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.70 | 4.86 | 5.02 | 5.18 | 5.34 | 5.50 | 5.66 |
| Camarilla | 5.10 | 5.13 | 5.16 | 5.19 | 5.22 | 5.25 | 5.28 |
| Woodie | 4.71 | 4.86 | 5.03 | 5.18 | 5.35 | 5.50 | 5.67 |
| Fibonacci | 4.86 | 4.98 | 5.05 | 5.18 | 5.30 | 5.37 | 5.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.09 | 4.48 | 5.02 | 5.41 | 5.95 | 6.34 | 6.88 |
| Camarilla | 5.30 | 5.39 | 5.48 | 5.56 | 5.65 | 5.73 | 5.82 |
| Woodie | 4.17 | 4.52 | 5.10 | 5.45 | 6.03 | 6.38 | 6.96 |
| Fibonacci | 4.48 | 4.84 | 5.06 | 5.41 | 5.77 | 5.99 | 6.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.00 | 3.82 | 4.56 | 5.38 | 6.12 | 6.94 | 7.68 |
| Camarilla | 4.86 | 5.00 | 5.15 | 5.29 | 5.43 | 5.58 | 5.72 |
| Woodie | 2.95 | 3.80 | 4.51 | 5.36 | 6.07 | 6.92 | 7.63 |
| Fibonacci | 3.82 | 4.42 | 4.79 | 5.38 | 5.98 | 6.35 | 6.94 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 23.95 | |
| MACD (12,26,9): | -0.1900 | |
| Directional Movement: | -40.51 | |
| AROON (14): | -21.42 | |
| DEMA (21): | 4.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.03 | |
| Elder Ray (13): | -0.40 | |
| Super Trend (3,10): | 4.80 | |
| Zig ZAG (10): | 4.25 | |
| VORTEX (21): | 0.7400 | |
| Stochastique (14,3,5): | 36.38 | |
| TEMA (21): | 4.42 | |
| Williams %R (14): | -63.38 | |
| Chande Momentum Oscillator (20): | -0.64 | |
| Repulse (5,40,3): | -3.3800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3500 | |
| Courbe Coppock: | 15.68 |
| MA7: | 5.17 | |
| MA20: | 5.11 | |
| MA50: | 5.46 | |
| MA100: | 6.23 | |
| MAexp7: | 4.49 | |
| MAexp20: | 4.74 | |
| MAexp50: | 4.99 | |
| MAexp100: | 5.16 | |
| Price / MA7: | -16.83% | |
| Price / MA20: | -15.85% | |
| Price / MA50: | -21.25% | |
| Price / MA100: | -30.98% | |
| Price / MAexp7: | -4.23% | |
| Price / MAexp20: | -9.28% | |
| Price / MAexp50: | -13.83% | |
| Price / MAexp100: | -16.67% |
Quotes :
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Real time data
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