MASK NETWORK - MASK/USD - 1H - Technical analysis published on 07/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
44%
44%
My opinion
Bearish under 3.85 USD
My targets
3.68 USD (-1.60%)
3.57 USD (-4.55%)
My analysis
In the short term, we can see an acceleration in the bearish trend on MASK NETWORK - MASK/USD, which is a positive signal for sellers. As long as the price remains above 3.85 USD, a sale could be considered. The first bearish objective is located at 3.68 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.57 USD as an objective. Crossing it would then enable sellers to target 3.46 USD. If the price were to return above 3.85 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
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
5.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MASK NETWORK - MASK/USD rating is 3.74 USD. The price registered a decrease of -0.53% on the session and was between 3.67 USD and 3.78 USD. This implies that the price is at +1.91% from its lowest and at -1.06% from its highest.3.67
3.78
3.74
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Opening Gap UP
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MASK NETWORK - MASK/USD in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further decline is low given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.46 | 3.57 | 3.68 | 3.74 | 3.85 | 5.01 | 5.84 |
| Change (%) | -7.49% | -4.55% | -1.60% | - | +2.94% | +33.96% | +56.15% |
| Change | -0.28 | -0.17 | -0.06 | - | +0.11 | +1.27 | +2.10 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.22 | 3.47 | 3.62 | 3.87 | 4.02 | 4.27 | 4.42 |
| Camarilla | 3.65 | 3.69 | 3.72 | 3.76 | 3.80 | 3.83 | 3.87 |
| Woodie | 3.16 | 3.45 | 3.56 | 3.85 | 3.96 | 4.25 | 4.36 |
| Fibonacci | 3.47 | 3.63 | 3.72 | 3.87 | 4.03 | 4.12 | 4.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.95 | 3.26 | 3.51 | 3.82 | 4.07 | 4.38 | 4.63 |
| Camarilla | 3.61 | 3.66 | 3.71 | 3.76 | 3.81 | 3.86 | 3.91 |
| Woodie | 2.92 | 3.25 | 3.48 | 3.81 | 4.04 | 4.37 | 4.60 |
| Fibonacci | 3.26 | 3.47 | 3.61 | 3.82 | 4.03 | 4.17 | 4.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.48 | 2.31 | 2.88 | 3.71 | 4.28 | 5.11 | 5.68 |
| Camarilla | 3.06 | 3.18 | 3.31 | 3.44 | 3.57 | 3.70 | 3.83 |
| Woodie | 1.34 | 2.25 | 2.74 | 3.65 | 4.14 | 5.05 | 5.54 |
| Fibonacci | 2.31 | 2.85 | 3.18 | 3.71 | 4.25 | 4.58 | 5.11 |
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): | 39.54 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -12.81 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 3.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.78 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 3.84 | |
| Zig ZAG (10): | 3.74 | |
| VORTEX (21): | 0.7200 | |
| Stochastique (14,3,5): | 31.65 | |
| TEMA (21): | 3.72 | |
| Williams %R (14): | -69.44 | |
| Chande Momentum Oscillator (20): | -0.12 | |
| Repulse (5,40,3): | -0.2600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 6.36 |
| MA7: | 3.77 | |
| MA20: | 3.58 | |
| MA50: | 3.66 | |
| MA100: | 4.06 | |
| MAexp7: | 3.76 | |
| MAexp20: | 3.80 | |
| MAexp50: | 3.82 | |
| MAexp100: | 3.78 | |
| Price / MA7: | -0.80% | |
| Price / MA20: | +4.47% | |
| Price / MA50: | +2.19% | |
| Price / MA100: | -7.88% | |
| Price / MAexp7: | -0.53% | |
| Price / MAexp20: | -1.58% | |
| Price / MAexp50: | -2.09% | |
| Price / MAexp100: | -1.06% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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