INTERNET COMPUTER - ICP/USD

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Type:	Cryptocurrencies
Ticker:	ICPUSD
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INTERNET COMPUTER - ICP/USD - Daily - Technical analysis published on 11/18/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 4.56 USD

My targets

3.66 USD (-4.69%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on INTERNET COMPUTER - ICP/USD as long as the price remains well below 4.56 USD. The sellers' bearish objective is set at 3.66 USD. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.9

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 EpicHaxer. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

INTERNET COMPUTER - ICP/USD rating 3.84 USD. The price registered an increase of +2.40% on the session and was between 3.75 USD and 3.87 USD. This implies that the price is at +2.40% from its lowest and at -0.78% from its highest.

3.75

3.87

3.84

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of INTERNET COMPUTER - ICP/USD in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	3.66	3.84	5.69	7.18	8.98
Change (%)	-4.69%	-	+48.18%	+86.98%	+133.85%
Change	-0.18	-	+1.85	+3.34	+5.14
Level	Major	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.46	3.60	3.67	3.81	3.88	4.02	4.09
Camarilla	3.69	3.71	3.73	3.75	3.77	3.79	3.81
Woodie	3.44	3.58	3.65	3.79	3.86	4.00	4.07
Fibonacci	3.60	3.68	3.73	3.81	3.89	3.94	4.02

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.86	2.18	2.99	4.31	5.12	6.44	7.25
Camarilla	3.22	3.42	3.62	3.81	4.01	4.20	4.40
Woodie	0.62	2.05	2.75	4.18	4.88	6.31	7.01
Fibonacci	2.18	2.99	3.49	4.31	5.12	5.62	6.44

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 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):	36.05
MACD (12,26,9):	-0.3900
Directional Movement:	-17.79
AROON (14):	-35.71
DEMA (21):	3.87
Parabolic SAR (0,02-0,02-0,2):	4.76
Elder Ray (13):	-0.34
Super Trend (3,10):	4.98
Zig ZAG (10):	3.80
VORTEX (21):	0.8700
Stochastique (14,3,5):	13.85
TEMA (21):	3.71
Williams %R (14):	-86.15
Chande Momentum Oscillator (20):	-1.40
Repulse (5,40,3):	-4.0400
ROCnROLL:	2
TRIX (15,9):	-0.9200
Courbe Coppock:	53.46

MA7:	3.87
MA20:	4.55
MA50:	5.03
MA100:	5.80
MAexp7:	3.93
MAexp20:	4.36
MAexp50:	4.95
MAexp100:	5.81
Price / MA7:	-0.78%
Price / MA20:	-15.60%
Price / MA50:	-23.66%
Price / MA100:	-33.79%
Price / MAexp7:	-2.29%
Price / MAexp20:	-11.93%
Price / MAexp50:	-22.42%
Price / MAexp100:	-33.91%

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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