JOE - JOE/USDT - 1H - Technical analysis published on 04/22/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 0.556800 USDT
My targets
0.489300 USDT (-5.38%)
0.418300 USDT (-19.11%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on JOE - JOE/USDT as long as the price remains well below 0.556800 USDT. The next bearish objective for sellers is set at 0.489300 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.418300 USDT. If there is any crossing, the next objective would be the support located at 0.373400 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.4
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Additional analysis
Quotes
JOE - JOE/USDT rating 0.517100 USDT. The price is lower by -0.48% since the last closing and was between 0.505700 USDT and 0.522700 USDT. This implies that the price is at +2.25% from its lowest and at -1.07% from its highest.0.505700
0.522700
0.517100
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of JOE - JOE/USDT in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.194781 | 0.302500 | 0.373400 | 0.517100 | 0.566800 | 0.614200 | 0.658300 |
| Change (%) | -62.33% | -41.50% | -27.79% | - | +9.61% | +18.78% | +27.31% |
| Change | -0.322319 | -0.214600 | -0.143700 | - | +0.049700 | +0.097100 | +0.141200 |
| Level | Major | Minor | Minor | - | Major | Intermediate | Major |
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 | 0.423767 | 0.470133 | 0.494867 | 0.541233 | 0.565967 | 0.612333 | 0.637067 |
| Camarilla | 0.500048 | 0.506565 | 0.513083 | 0.519600 | 0.526118 | 0.532635 | 0.539153 |
| Woodie | 0.412950 | 0.464725 | 0.484050 | 0.535825 | 0.555150 | 0.606925 | 0.626250 |
| Fibonacci | 0.470133 | 0.497294 | 0.514073 | 0.541233 | 0.568394 | 0.585173 | 0.612333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.418300 | 0.489300 | 0.556800 | 0.627800 | 0.695300 | 0.766300 | 0.833800 |
| Camarilla | 0.586213 | 0.598908 | 0.611604 | 0.624300 | 0.636996 | 0.649692 | 0.662388 |
| Woodie | 0.416550 | 0.488425 | 0.555050 | 0.626925 | 0.693550 | 0.765425 | 0.832050 |
| Fibonacci | 0.489300 | 0.542207 | 0.574893 | 0.627800 | 0.680707 | 0.713393 | 0.766300 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.163567 | 0.011367 | 0.308433 | 0.483367 | 0.780433 | 0.955367 | 1.252433 |
| Camarilla | 0.475700 | 0.518967 | 0.562233 | 0.605500 | 0.648767 | 0.692033 | 0.735300 |
| Woodie | -0.102500 | 0.041900 | 0.369500 | 0.513900 | 0.841500 | 0.985900 | 1.313500 |
| Fibonacci | 0.011367 | 0.191671 | 0.303063 | 0.483367 | 0.663671 | 0.775063 | 0.955367 |
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): | 40.97 | |
| MACD (12,26,9): | -0.0069 | |
| Directional Movement: | -7.337258 | |
| AROON (14): | 14.285714 | |
| DEMA (21): | 0.506975 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.508672 | |
| Elder Ray (13): | -0.000374 | |
| Super Trend (3,10): | 0.528477 | |
| Zig ZAG (10): | 0.513700 | |
| VORTEX (21): | 0.9685 | |
| Stochastique (14,3,5): | 59.16 | |
| TEMA (21): | 0.512903 | |
| Williams %R (14): | -45.34 | |
| Chande Momentum Oscillator (20): | 0.004600 | |
| Repulse (5,40,3): | 0.4421 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2615 | |
| Courbe Coppock: | 0.20 |
| MA7: | 0.603471 | |
| MA20: | 0.603965 | |
| MA50: | 0.453496 | |
| MA100: | 0.336242 | |
| MAexp7: | 0.514623 | |
| MAexp20: | 0.518132 | |
| MAexp50: | 0.540707 | |
| MAexp100: | 0.571434 | |
| Price / MA7: | -14.31% | |
| Price / MA20: | -14.38% | |
| Price / MA50: | +14.03% | |
| Price / MA100: | +53.79% | |
| Price / MAexp7: | +0.48% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -4.37% | |
| Price / MAexp100: | -9.51% |
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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