INTERNET COMPUTER - ICP/USDT - Daily - Technical analysis published on 12/28/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 4.42 USDT
My targets
3.63 USDT (-8.79%)
My analysis
In a bearish trend, the price of INTERNET COMPUTER - ICP/USDT tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 4.42 USDT. A bearish break in the support located at 3.63 USDT would revive the bearish momentum and fuel the basic trend. PS: if there is a bullish break in the resistance located at 4.42 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.9
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Additional analysis
Quotes
The INTERNET COMPUTER - ICP/USDT rating is 3.98 USDT. The price registered an increase of +3.65% on the session and was between 3.79 USDT and 3.99 USDT. This implies that the price is at +5.01% from its lowest and at -0.25% from its highest.3.79
3.99
3.98
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of INTERNET COMPUTER - ICP/USDT indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.63 | 3.98 | 4.42 | 6.22 | 7.17 |
| Change (%) | -8.79% | - | +11.06% | +56.28% | +80.15% |
| Change | -0.35 | - | +0.44 | +2.24 | +3.19 |
| Level | Major | - | Minor | Intermediate | 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 | 3.60 | 3.69 | 3.76 | 3.85 | 3.92 | 4.01 | 4.08 |
| Camarilla | 3.80 | 3.81 | 3.83 | 3.84 | 3.86 | 3.87 | 3.88 |
| Woodie | 3.60 | 3.69 | 3.76 | 3.85 | 3.92 | 4.01 | 4.08 |
| Fibonacci | 3.69 | 3.75 | 3.79 | 3.85 | 3.91 | 3.95 | 4.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.09 | 3.23 | 3.49 | 3.63 | 3.89 | 4.03 | 4.29 |
| Camarilla | 3.63 | 3.67 | 3.70 | 3.74 | 3.78 | 3.81 | 3.85 |
| Woodie | 3.14 | 3.26 | 3.54 | 3.66 | 3.94 | 4.06 | 4.34 |
| Fibonacci | 3.23 | 3.39 | 3.48 | 3.63 | 3.79 | 3.88 | 4.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.75 | 3.13 | 3.62 | 4.00 | 4.49 | 4.87 | 5.36 |
| Camarilla | 3.86 | 3.94 | 4.02 | 4.10 | 4.18 | 4.26 | 4.34 |
| Woodie | 2.80 | 3.16 | 3.67 | 4.03 | 4.54 | 4.90 | 5.41 |
| Fibonacci | 3.13 | 3.47 | 3.67 | 4.00 | 4.34 | 4.54 | 4.87 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.35 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -9.80 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 3.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.39 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 4.33 | |
| Zig ZAG (10): | 3.88 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 52.29 | |
| TEMA (21): | 3.74 | |
| Williams %R (14): | -37.23 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | 3.6700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3900 | |
| Courbe Coppock: | 17.25 |
| MA7: | 3.77 | |
| MA20: | 3.90 | |
| MA50: | 3.96 | |
| MA100: | 4.72 | |
| MAexp7: | 3.80 | |
| MAexp20: | 3.87 | |
| MAexp50: | 4.14 | |
| MAexp100: | 4.76 | |
| Price / MA7: | +5.57% | |
| Price / MA20: | +2.05% | |
| Price / MA50: | +0.51% | |
| Price / MA100: | -15.68% | |
| Price / MAexp7: | +4.74% | |
| Price / MAexp20: | +2.84% | |
| Price / MAexp50: | -3.86% | |
| Price / MAexp100: | -16.39% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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