INTERNET COMPUTER - ICP/USDT - Weekly - Technical analysis published on 12/30/2023 (GMT)
- 156
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 9.92 USDT
My targets
14.48 USDT (+22.17%)
22.65 USDT (+91.14%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for INTERNET COMPUTER - ICP/USDT as long as the price remains well above 9.92 USDT. The buyers' bullish objective is set at 14.48 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 22.65 USDT. If there is any crossing, the next objective would be the resistance located at 40.89 USDT.
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
4.3
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 CryplerII. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
INTERNET COMPUTER - ICP/USDT rating 11.85 USDT. The price is up +20.99% over 5 days with the lowest point at 8.77 USDT and the highest point at 11.89 USDT. The deviation from the price is +35.18% for the low point and -0.34% for the high point.8.77
11.89
11.85
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Weekly chart of INTERNET COMPUTER - ICP/USDT indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish 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, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Weekly
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Weekly
Long white line
Type : Bullish
Timeframe : Weekly
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 7.24 | 11.85 | 22.65 | 40.89 | 54.72 |
| Change (%) | -38.90% | - | +91.14% | +245.06% | +361.77% |
| Change | -4.61 | - | +10.80 | +29.04 | +42.87 |
| Level | Intermediate | - | Minor | Minor | Major |
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 | 8.23 | 8.67 | 9.02 | 9.46 | 9.81 | 10.25 | 10.60 |
| Camarilla | 9.16 | 9.24 | 9.31 | 9.38 | 9.45 | 9.53 | 9.60 |
| Woodie | 8.20 | 8.65 | 8.99 | 9.44 | 9.78 | 10.23 | 10.57 |
| Fibonacci | 8.67 | 8.97 | 9.16 | 9.46 | 9.76 | 9.95 | 10.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.00 | 6.76 | 8.16 | 9.92 | 11.32 | 13.08 | 14.48 |
| Camarilla | 8.68 | 8.97 | 9.26 | 9.55 | 9.84 | 10.13 | 10.42 |
| Woodie | 4.81 | 6.67 | 7.97 | 9.83 | 11.13 | 12.99 | 14.29 |
| Fibonacci | 6.76 | 7.97 | 8.72 | 9.92 | 11.13 | 11.88 | 13.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.13 | 3.57 | 4.07 | 4.51 | 5.01 | 5.45 | 5.95 |
| Camarilla | 4.30 | 4.39 | 4.47 | 4.56 | 4.65 | 4.73 | 4.82 |
| Woodie | 3.15 | 3.59 | 4.09 | 4.53 | 5.03 | 5.47 | 5.97 |
| Fibonacci | 3.57 | 3.93 | 4.15 | 4.51 | 4.87 | 5.09 | 5.45 |
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): | 82.07 | |
| MACD (12,26,9): | 1.2600 | |
| Directional Movement: | 39.81 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 7.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.98 | |
| Elder Ray (13): | 3.49 | |
| Super Trend (3,10): | 5.63 | |
| Zig ZAG (10): | 11.53 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 85.89 | |
| TEMA (21): | 8.64 | |
| Williams %R (14): | -3.24 | |
| Chande Momentum Oscillator (20): | 8.57 | |
| Repulse (5,40,3): | 59.5100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.0900 | |
| Courbe Coppock: | 288.94 |
| MA7: | 9.81 | |
| MA20: | 8.77 | |
| MA50: | 6.33 | |
| MA100: | 4.86 | |
| MAexp7: | 8.20 | |
| MAexp20: | 5.86 | |
| MAexp50: | 6.28 | |
| MAexp100: | 12.31 | |
| Price / MA7: | +20.80% | |
| Price / MA20: | +35.12% | |
| Price / MA50: | +87.20% | |
| Price / MA100: | +143.83% | |
| Price / MAexp7: | +44.51% | |
| Price / MAexp20: | +102.22% | |
| Price / MAexp50: | +88.69% | |
| Price / MAexp100: | -3.74% |
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/USDT - Weekly