INTERNET COMPUTER - ICP/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	ICPUSDT
ISIN:

INTERNET COMPUTER - ICP/USDT - Daily - Technical analysis published on 04/30/2022 (GMT)

Londinia

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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

17%

78%

My opinion

Bearish under 14.60 USDT

My targets

11.80 USDT (-13.47%)

8.26 USDT (-39.46%)

My analysis

The bearish trend is currently very strong for INTERNET COMPUTER - ICP/USDT. As long as the price remains below the resistance at 14.60 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 11.80 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 8.26 USDT as an objective. 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.

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

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.

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Additional analysis

Quotes

INTERNET COMPUTER - ICP/USDT rating 13.64 USDT. The price registered a decrease of -3.60% on the session and was between 13.54 USDT and 14.35 USDT. This implies that the price is at +0.74% from its lowest and at -4.95% from its highest.

13.54

14.35

13.64

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

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

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of INTERNET COMPUTER - ICP/USDT in Daily shows a overall strongly bearish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Three black crows

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	13.64	15.92	36.11	48.73
Change (%)	-	+16.72%	+164.74%	+257.26%
Change	-	+2.28	+22.47	+35.09
Level	-	Minor	Minor	Minor

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	12.03	12.89	13.52	14.38	15.01	15.87	16.50
Camarilla	13.74	13.88	14.01	14.15	14.29	14.42	14.56
Woodie	11.92	12.83	13.41	14.32	14.90	15.81	16.39
Fibonacci	12.89	13.46	13.81	14.38	14.95	15.30	15.87

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.41	14.60	15.53	16.72	17.65	18.84	19.77
Camarilla	15.89	16.08	16.28	16.47	16.66	16.86	17.05
Woodie	13.29	14.54	15.41	16.66	17.53	18.78	19.65
Fibonacci	14.60	15.41	15.91	16.72	17.53	18.03	18.84

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.26	11.80	16.40	19.94	24.54	28.08	32.68
Camarilla	18.75	19.50	20.24	20.99	21.74	22.48	23.23
Woodie	8.78	12.07	16.92	20.21	25.06	28.35	33.20
Fibonacci	11.80	14.91	16.83	19.94	23.05	24.97	28.08

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):	30.06
MACD (12,26,9):	-1.0800
Directional Movement:	-17.47
AROON (14):	-92.86
DEMA (21):	14.90
Parabolic SAR (0,02-0,02-0,2):	15.78
Elder Ray (13):	-1.65
Super Trend (3,10):	17.37
Zig ZAG (10):	13.62
VORTEX (21):	0.8200
Stochastique (14,3,5):	9.03
TEMA (21):	14.25
Williams %R (14):	-100.00
Chande Momentum Oscillator (20):	-3.43
Repulse (5,40,3):	-14.2500
ROCnROLL:	2
TRIX (15,9):	-0.6900
Courbe Coppock:	23.03

MA7:	15.08
MA20:	16.17
MA50:	17.83
MA100:	18.78
MAexp7:	14.91
MAexp20:	16.19
MAexp50:	17.65
MAexp100:	20.58
Price / MA7:	-9.55%
Price / MA20:	-15.65%
Price / MA50:	-23.50%
Price / MA100:	-27.37%
Price / MAexp7:	-8.52%
Price / MAexp20:	-15.75%
Price / MAexp50:	-22.72%
Price / MAexp100:	-33.72%

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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