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MULTICHAIN - MULTI/USDT
MULTICHAIN - MULTI/USDT
- USDT (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: MULTIUSDT
ISIN:

MULTICHAIN - MULTI/USDT - 1H - Technical analysis published on 01/23/2024 (GMT)

  • 120
  • 0
  • Timeframe : 1H
  • - Analysis generated on
  • Status : WITHOUT TARGET

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 3.13 USDT
My targets
-
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MULTICHAIN - MULTI/USDT as long as the price remains well above 3.13 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8

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.

MOHAMMED ALAMERI
This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

MULTICHAIN - MULTI/USDT rating 3.27 USDT. The price registered an increase of +161.60% on the session with the lowest point at 1.20 USDT and the highest point at 3.58 USDT. The deviation from the price is +172.50% for the low point and -8.66% for the high point.

1.20
3.58
3.27

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Abnormal volumes on MULTICHAIN - MULTI/USDT were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days

Technical


A technical analysis in 1H of this MULTICHAIN - MULTI/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 80

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

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 1.90 2.38 3.13 3.27
Change (%) -41.90% -27.22% -4.28% -
Change -1.37 -0.89 -0.14 -
Level Minor Minor Intermediate -



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.111.151.201.241.291.331.38
Camarilla1.231.231.241.251.261.271.28
Woodie1.121.151.211.241.301.331.39
Fibonacci1.151.181.211.241.271.301.33


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.550.841.081.371.611.902.14
Camarilla1.171.221.271.321.371.421.47
Woodie0.530.831.061.361.591.892.12
Fibonacci0.841.041.171.371.571.701.90


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.080.600.971.491.862.382.75
Camarilla1.091.171.251.331.411.491.58
Woodie-0.010.560.891.451.782.342.67
Fibonacci0.600.941.151.491.832.042.38

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): 84.38
MACD (12,26,9): 0.4300
Directional Movement: 58.09
AROON (14): 71.43
DEMA (21): 2.32
Parabolic SAR (0,02-0,02-0,2): 1.71
Elder Ray (13): 1.30
Super Trend (3,10): 2.37
Zig ZAG (10): 3.27
VORTEX (21): 1.4300
Stochastique (14,3,5): 83.96
TEMA (21): 2.69
Williams %R (14): -23.88
Chande Momentum Oscillator (20): 2.03
Repulse (5,40,3): 25.7600
ROCnROLL: 1
TRIX (15,9): 1.8600
Courbe Coppock: 187.30
MA7: 1.54
MA20: 1.34
MA50: 1.40
MA100: 1.61
MAexp7: 2.56
MAexp20: 1.87
MAexp50: 1.53
MAexp100: 1.40
Price / MA7: +112.34%
Price / MA20: +144.03%
Price / MA50: +133.57%
Price / MA100: +103.11%
Price / MAexp7: +27.73%
Price / MAexp20: +74.87%
Price / MAexp50: +113.73%
Price / MAexp100: +133.57%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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