YIELD GUILD GAMES - YGG/USDT - 1H - Technical analysis published on 05/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 0.823106 USDT
My targets
0.772358 USDT (-3.69%)
0.724015 USDT (-9.72%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on YIELD GUILD GAMES - YGG/USDT as long as the price remains well below 0.823106 USDT. The sellers' bearish objective is set at 0.772358 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.724015 USDT. In case of crossing, the next objective would be the support located at 0.695981 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The YIELD GUILD GAMES - YGG/USDT rating is 0.801945 USDT. The price has increased by +0.15% since the last closing with the lowest point at 0.791746 USDT and the highest point at 0.842655 USDT. The deviation from the price is +1.29% for the low point and -4.83% for the high point.0.791746
0.842655
0.801945
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
Here is a more detailed summary of the historical variations registered by YIELD GUILD GAMES - YGG/USDT:
Technical
A technical analysis in 1H of this YIELD GUILD GAMES - YGG/USDT chart shows a sharp 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.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.724015 | 0.772358 | 0.797945 | 0.801945 | 0.823106 | 0.846705 | 0.874272 |
| Change (%) | -9.72% | -3.69% | -0.50% | - | +2.64% | +5.58% | +9.02% |
| Change | -0.077930 | -0.029587 | -0.004000 | - | +0.021161 | +0.044760 | +0.072327 |
| Level | Minor | Major | Minor | - | Minor | Major | 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 | 0.696523 | 0.745177 | 0.772961 | 0.821615 | 0.849399 | 0.898053 | 0.925837 |
| Camarilla | 0.779724 | 0.786730 | 0.793737 | 0.800744 | 0.807751 | 0.814758 | 0.821765 |
| Woodie | 0.686087 | 0.739960 | 0.762525 | 0.816398 | 0.838963 | 0.892836 | 0.915401 |
| Fibonacci | 0.745177 | 0.774377 | 0.792416 | 0.821615 | 0.850815 | 0.868854 | 0.898053 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.489501 | 0.592741 | 0.709692 | 0.812932 | 0.929883 | 1.033123 | 1.150074 |
| Camarilla | 0.766091 | 0.786275 | 0.806459 | 0.826643 | 0.846827 | 0.867011 | 0.887196 |
| Woodie | 0.496357 | 0.596169 | 0.716548 | 0.816360 | 0.936739 | 1.036551 | 1.156930 |
| Fibonacci | 0.592741 | 0.676854 | 0.728819 | 0.812932 | 0.897045 | 0.949010 | 1.033123 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.543374 | 0.095548 | 0.433954 | 1.072876 | 1.411282 | 2.050204 | 2.388610 |
| Camarilla | 0.503594 | 0.593182 | 0.682771 | 0.772359 | 0.861947 | 0.951536 | 1.041124 |
| Woodie | -0.693633 | 0.020419 | 0.283695 | 0.997747 | 1.261023 | 1.975075 | 2.238351 |
| Fibonacci | 0.095548 | 0.468888 | 0.699537 | 1.072876 | 1.446216 | 1.676865 | 2.050204 |
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): | 41.47 | |
| MACD (12,26,9): | -0.0083 | |
| Directional Movement: | -14.053042 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.803348 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.836128 | |
| Elder Ray (13): | -0.006492 | |
| Super Trend (3,10): | 0.837119 | |
| Zig ZAG (10): | 0.810782 | |
| VORTEX (21): | 0.9133 | |
| Stochastique (14,3,5): | 32.00 | |
| TEMA (21): | 0.806478 | |
| Williams %R (14): | -70.13 | |
| Chande Momentum Oscillator (20): | -0.007176 | |
| Repulse (5,40,3): | 0.0445 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1636 | |
| Courbe Coppock: | 0.40 |
| MA7: | 0.839483 | |
| MA20: | 0.864364 | |
| MA50: | 1.033179 | |
| MA100: | 0.825962 | |
| MAexp7: | 0.807794 | |
| MAexp20: | 0.814915 | |
| MAexp50: | 0.832823 | |
| MAexp100: | 0.841467 | |
| Price / MA7: | -4.47% | |
| Price / MA20: | -7.22% | |
| Price / MA50: | -22.38% | |
| Price / MA100: | -2.91% | |
| Price / MAexp7: | -0.72% | |
| Price / MAexp20: | -1.59% | |
| Price / MAexp50: | -3.71% | |
| Price / MAexp100: | -4.70% |
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.
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