INTERNET COMPUTER - ICP/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	ICPUSD
ISIN:

INTERNET COMPUTER - ICP/USD - 1H - Technical analysis published on 11/08/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 8.34 USD

My targets

8.84 USD (+5.24%)

10.24 USD (+21.87%)

My analysis

The bullish trend is currently very strong on INTERNET COMPUTER - ICP/USD. As long as the price remains above the support at 8.34 USD, you could try to benefit from the boom. The first bullish objective is located at 8.84 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.24 USD as an objective. Crossing it would then enable buyers to target 10.72 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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

9.1

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

Additional analysis

Quotes

The INTERNET COMPUTER - ICP/USD rating is 8.40 USD. The price registered an increase of +7.42% on the session and was between 7.65 USD and 8.48 USD. This implies that the price is at +9.80% from its lowest and at -0.94% from its highest.

7.65

8.48

8.40

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of INTERNET COMPUTER - ICP/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7.95	8.07	8.34	8.40	10.72	11.72	13.58
Change (%)	-5.36%	-3.93%	-0.71%	-	+27.62%	+39.52%	+61.67%
Change	-0.45	-0.33	-0.06	-	+2.32	+3.32	+5.18
Level	Minor	Major	Intermediate	-	Intermediate	Minor	Intermediate

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	6.88	7.20	7.51	7.83	8.14	8.46	8.77
Camarilla	7.65	7.71	7.76	7.82	7.88	7.94	7.99
Woodie	6.88	7.20	7.51	7.83	8.14	8.46	8.77
Fibonacci	7.20	7.44	7.59	7.83	8.07	8.22	8.46

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.44	6.95	7.24	7.75	8.04	8.55	8.84
Camarilla	7.31	7.38	7.46	7.53	7.60	7.68	7.75
Woodie	6.33	6.90	7.13	7.70	7.93	8.50	8.73
Fibonacci	6.95	7.26	7.44	7.75	8.06	8.24	8.55

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.02	6.22	7.03	8.23	9.04	10.24	11.05
Camarilla	7.30	7.48	7.67	7.85	8.03	8.22	8.40
Woodie	4.84	6.12	6.85	8.13	8.86	10.14	10.87
Fibonacci	6.22	6.98	7.46	8.23	8.99	9.47	10.24

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):	76.57
MACD (12,26,9):	0.1200
Directional Movement:	25.15
AROON (14):	85.71
DEMA (21):	8.05
Parabolic SAR (0,02-0,02-0,2):	7.78
Elder Ray (13):	0.33
Super Trend (3,10):	7.74
Zig ZAG (10):	8.38
VORTEX (21):	1.1300
Stochastique (14,3,5):	87.41
TEMA (21):	8.15
Williams %R (14):	-3.61
Chande Momentum Oscillator (20):	0.67
Repulse (5,40,3):	5.8500
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	9.17

MA7:	7.61
MA20:	7.85
MA50:	8.21
MA100:	7.96
MAexp7:	8.11
MAexp20:	7.93
MAexp50:	7.81
MAexp100:	7.71
Price / MA7:	+10.38%
Price / MA20:	+7.01%
Price / MA50:	+2.31%
Price / MA100:	+5.53%
Price / MAexp7:	+3.58%
Price / MAexp20:	+5.93%
Price / MAexp50:	+7.55%
Price / MAexp100:	+8.95%

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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Londinia AI

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