INTERNET COMPUTER - ICP/USD - Daily - Technical analysis published on 01/21/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 5.15 USD
My targets
6.23 USD (+13.27%)
7.17 USD (+30.36%)
My analysis
INTERNET COMPUTER - ICP/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5.15 USD. The next resistance located at 6.23 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.17 USD. After this resistance, buyers could then target 8.98 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INTERNET COMPUTER - ICP/USD rating is 5.50 USD. On the day, this instrument lost -0.18% and was between 5.42 USD and 5.67 USD. This implies that the price is at +1.48% from its lowest and at -3.00% from its highest.5.42
5.67
5.50
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of INTERNET COMPUTER - ICP/USD in Daily shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.54 | 4.42 | 5.15 | 5.50 | 6.23 | 7.17 | 8.98 |
| Change (%) | -35.64% | -19.64% | -6.36% | - | +13.27% | +30.36% | +63.27% |
| Change | -1.96 | -1.08 | -0.35 | - | +0.73 | +1.67 | +3.48 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.40 | 4.67 | 5.09 | 5.36 | 5.78 | 6.05 | 6.47 |
| Camarilla | 5.32 | 5.38 | 5.45 | 5.51 | 5.57 | 5.64 | 5.70 |
| Woodie | 4.48 | 4.71 | 5.17 | 5.40 | 5.86 | 6.09 | 6.55 |
| Fibonacci | 4.67 | 4.93 | 5.10 | 5.36 | 5.62 | 5.79 | 6.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.85 | 3.39 | 4.23 | 4.77 | 5.61 | 6.15 | 6.99 |
| Camarilla | 4.68 | 4.81 | 4.93 | 5.06 | 5.19 | 5.31 | 5.44 |
| Woodie | 2.99 | 3.47 | 4.37 | 4.85 | 5.75 | 6.23 | 7.13 |
| Fibonacci | 3.39 | 3.92 | 4.25 | 4.77 | 5.30 | 5.63 | 6.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.90 | 2.63 | 3.28 | 4.01 | 4.66 | 5.39 | 6.04 |
| Camarilla | 3.54 | 3.67 | 3.79 | 3.92 | 4.05 | 4.17 | 4.30 |
| Woodie | 1.85 | 2.61 | 3.23 | 3.99 | 4.61 | 5.37 | 5.99 |
| Fibonacci | 2.63 | 3.16 | 3.49 | 4.01 | 4.54 | 4.87 | 5.39 |
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): | 75.56 | |
| MACD (12,26,9): | 0.3600 | |
| Directional Movement: | 27.90 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 5.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.79 | |
| Elder Ray (13): | 0.62 | |
| Super Trend (3,10): | 4.42 | |
| Zig ZAG (10): | 5.47 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 86.12 | |
| TEMA (21): | 5.43 | |
| Williams %R (14): | -10.40 | |
| Chande Momentum Oscillator (20): | 1.25 | |
| Repulse (5,40,3): | 4.9300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.9300 | |
| Courbe Coppock: | 58.95 |
| MA7: | 5.20 | |
| MA20: | 4.56 | |
| MA50: | 4.21 | |
| MA100: | 4.36 | |
| MAexp7: | 5.19 | |
| MAexp20: | 4.72 | |
| MAexp50: | 4.42 | |
| MAexp100: | 4.60 | |
| Price / MA7: | +5.77% | |
| Price / MA20: | +20.61% | |
| Price / MA50: | +30.64% | |
| Price / MA100: | +26.15% | |
| Price / MAexp7: | +5.97% | |
| Price / MAexp20: | +16.53% | |
| Price / MAexp50: | +24.43% | |
| Price / MAexp100: | +19.57% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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