CRYPTO.COM - MCO/USD - Daily - Technical analysis published on 02/25/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
CRYPTO.COM - MCO/USD Chart
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 5.07 USD
My targets
6.18 USD (+11.96%)
7.55 USD (+36.78%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CRYPTO.COM - MCO/USD. As long as you are above the support located at 5.07 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 6.18 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 7.55 USD as an objective. Crossing it would then enable buyers to target 11.78 USD. If the support 5.07 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
2.3
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
The CRYPTO.COM - MCO/USD rating is 5.52 USD. On the day, this instrument gained +0.36% and was between 5.48 USD and 6.13 USD. This implies that the price is at +0.73% from its lowest and at -9.95% from its highest.5.48
6.13
5.52
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on CRYPTO.COM - MCO/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CRYPTO.COM - MCO/USD in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.89 | 4.39 | 5.07 | 5.52 | 6.18 | 7.55 | 11.78 |
| Change (%) | -29.53% | -20.47% | -8.15% | - | +11.96% | +36.78% | +113.41% |
| Change | -1.63 | -1.13 | -0.45 | - | +0.66 | +2.03 | +6.26 |
| Level | Major | Major | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.95 | 5.16 | 5.33 | 5.54 | 5.71 | 5.92 | 6.09 |
| Camarilla | 5.40 | 5.43 | 5.47 | 5.50 | 5.54 | 5.57 | 5.60 |
| Woodie | 4.93 | 5.15 | 5.31 | 5.53 | 5.69 | 5.91 | 6.07 |
| Fibonacci | 5.16 | 5.31 | 5.40 | 5.54 | 5.69 | 5.78 | 5.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.43 | 4.82 | 5.14 | 5.53 | 5.85 | 6.24 | 6.56 |
| Camarilla | 5.26 | 5.32 | 5.39 | 5.45 | 5.52 | 5.58 | 5.65 |
| Woodie | 4.39 | 4.80 | 5.10 | 5.51 | 5.81 | 6.22 | 6.52 |
| Fibonacci | 4.82 | 5.10 | 5.26 | 5.53 | 5.81 | 5.97 | 6.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.60 | 3.22 | 4.08 | 4.70 | 5.56 | 6.18 | 7.04 |
| Camarilla | 4.54 | 4.68 | 4.81 | 4.95 | 5.09 | 5.22 | 5.36 |
| Woodie | 2.73 | 3.28 | 4.21 | 4.76 | 5.69 | 6.24 | 7.17 |
| Fibonacci | 3.22 | 3.78 | 4.13 | 4.70 | 5.26 | 5.61 | 6.18 |
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): | 50.39 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 15.49 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 5.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.22 | |
| Elder Ray (13): | 0.23 | |
| Super Trend (3,10): | 6.45 | |
| Zig ZAG (10): | 5.53 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 28.49 | |
| TEMA (21): | 5.57 | |
| Williams %R (14): | -75.21 | |
| Chande Momentum Oscillator (20): | -0.49 | |
| Repulse (5,40,3): | -7.2600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4300 | |
| Courbe Coppock: | 13.79 |
| MA7: | 5.48 | |
| MA20: | 5.74 | |
| MA50: | 5.21 | |
| MA100: | 4.63 | |
| MAexp7: | 5.54 | |
| MAexp20: | 5.56 | |
| MAexp50: | 5.24 | |
| MAexp100: | 4.84 | |
| Price / MA7: | +0.73% | |
| Price / MA20: | -3.83% | |
| Price / MA50: | +5.95% | |
| Price / MA100: | +19.22% | |
| Price / MAexp7: | -0.36% | |
| Price / MAexp20: | -0.72% | |
| Price / MAexp50: | +5.34% | |
| Price / MAexp100: | +14.05% |
This member declared not having a position on this financial instrument or a related financial instrument.
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