INTERNET COMPUTER - ICP/USD - Weekly - Technical analysis published on 09/15/2023 (GMT)
- 233
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 3.86 USD
My targets
2.45 USD (-17.68%)
1.76 USD (-41.04%)
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 3.86 USD. The sellers' bearish objective is set at 2.45 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.76 USD. 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
0
10
7.7
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 Henry07. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INTERNET COMPUTER - ICP/USD price is 2.98 USD. The price is lower by -8.59% over the 5 days and was traded between 2.85 USD and 3.10 USD over the period. The price is currently at +4.56% from its lowest point and -3.87% from its highest point.2.85
3.10
2.98
A study of price movements over other periods shows the following variations:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this INTERNET COMPUTER - ICP/USD chart shows a sharp 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.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Weekly
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 | 2.98 | 3.86 | 22.60 | 54.73 |
| Change (%) | - | +29.53% | +658.39% | +1,736.58% |
| Change | - | +0.88 | +19.62 | +51.75 |
| Level | - | Major | Minor | 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 | 2.83 | 2.87 | 2.90 | 2.94 | 2.97 | 3.01 | 3.04 |
| Camarilla | 2.90 | 2.91 | 2.91 | 2.92 | 2.93 | 2.93 | 2.94 |
| Woodie | 2.82 | 2.87 | 2.89 | 2.94 | 2.96 | 3.01 | 3.03 |
| Fibonacci | 2.87 | 2.90 | 2.92 | 2.94 | 2.97 | 2.99 | 3.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.97 | 3.09 | 3.17 | 3.29 | 3.37 | 3.49 | 3.57 |
| Camarilla | 3.21 | 3.22 | 3.24 | 3.26 | 3.28 | 3.30 | 3.32 |
| Woodie | 2.96 | 3.08 | 3.16 | 3.28 | 3.36 | 3.48 | 3.56 |
| Fibonacci | 3.09 | 3.16 | 3.21 | 3.29 | 3.36 | 3.41 | 3.49 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.76 | 2.45 | 2.90 | 3.59 | 4.04 | 4.73 | 5.18 |
| Camarilla | 3.03 | 3.13 | 3.24 | 3.34 | 3.45 | 3.55 | 3.65 |
| Woodie | 1.63 | 2.39 | 2.77 | 3.53 | 3.91 | 4.67 | 5.05 |
| Fibonacci | 2.45 | 2.89 | 3.16 | 3.59 | 4.03 | 4.30 | 4.73 |
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): | 33.09 | |
| MACD (12,26,9): | -0.6000 | |
| Directional Movement: | -12.26 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 3.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.55 | |
| Elder Ray (13): | -0.73 | |
| Super Trend (3,10): | 4.82 | |
| Zig ZAG (10): | 2.99 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 6.69 | |
| TEMA (21): | 3.43 | |
| Williams %R (14): | -92.44 | |
| Chande Momentum Oscillator (20): | -1.34 | |
| Repulse (5,40,3): | -19.4500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.3000 | |
| Courbe Coppock: | 49.64 |
| MA7: | 3.01 | |
| MA20: | 3.24 | |
| MA50: | 3.64 | |
| MA100: | 3.87 | |
| MAexp7: | 3.46 | |
| MAexp20: | 4.07 | |
| MAexp50: | 6.75 | |
| MAexp100: | 14.71 | |
| Price / MA7: | -1.00% | |
| Price / MA20: | -8.02% | |
| Price / MA50: | -18.13% | |
| Price / MA100: | -23.00% | |
| Price / MAexp7: | -13.87% | |
| Price / MAexp20: | -26.78% | |
| Price / MAexp50: | -55.85% | |
| Price / MAexp100: | -79.74% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis INTERNET COMPUTER - ICP/USD - Weekly