HUOBI TOKEN - HT/USDT - 1H - Technical analysis published on 10/21/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
17%
33%
50%
My opinion
Bearish under 3.43 USDT
My targets
3.38 USDT (-0.29%)
3.30 USDT (-2.65%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 3.43 USDT remains possible. It is advisable to trade HUOBI TOKEN - HT/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 3.43 USDT. The next bearish objective for sellers is set at 3.38 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.30 USDT. In case of crossing, the next objective would be the support located at 3.02 USDT. PS: if there is a bullish break in the resistance located at 3.43 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
3.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
HUOBI TOKEN - HT/USDT rating 3.39 USDT. On the day, this instrument lost -0.59% with the lowest point at 3.37 USDT and the highest point at 3.43 USDT. The deviation from the price is +0.59% for the low point and -1.17% for the high point.3.37
3.43
3.39
Here is a more detailed summary of the historical variations registered by HUOBI TOKEN - HT/USDT:
Technical
A technical analysis in 1H of this HUOBI TOKEN - HT/USDT chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 3.02 | 3.30 | 3.38 | 3.39 | 3.43 | 3.47 | 3.52 |
| Change (%) | -10.91% | -2.65% | -0.29% | - | +1.18% | +2.36% | +3.83% |
| Change | -0.37 | -0.09 | -0.01 | - | +0.04 | +0.08 | +0.13 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | 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 | 3.17 | 3.23 | 3.32 | 3.39 | 3.48 | 3.54 | 3.63 |
| Camarilla | 3.37 | 3.38 | 3.40 | 3.41 | 3.42 | 3.44 | 3.45 |
| Woodie | 3.18 | 3.24 | 3.33 | 3.39 | 3.49 | 3.55 | 3.64 |
| Fibonacci | 3.23 | 3.29 | 3.33 | 3.39 | 3.45 | 3.49 | 3.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.88 | 3.12 | 3.25 | 3.49 | 3.62 | 3.86 | 3.99 |
| Camarilla | 3.29 | 3.32 | 3.35 | 3.39 | 3.42 | 3.46 | 3.49 |
| Woodie | 2.83 | 3.09 | 3.20 | 3.46 | 3.57 | 3.83 | 3.94 |
| Fibonacci | 3.12 | 3.26 | 3.35 | 3.49 | 3.63 | 3.72 | 3.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.14 | 2.03 | 2.60 | 3.49 | 4.07 | 4.96 | 5.53 |
| Camarilla | 2.78 | 2.91 | 3.05 | 3.18 | 3.32 | 3.45 | 3.59 |
| Woodie | 0.99 | 1.95 | 2.45 | 3.41 | 3.92 | 4.88 | 5.38 |
| Fibonacci | 2.03 | 2.58 | 2.93 | 3.49 | 4.05 | 4.40 | 4.96 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 50.70 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -2.50 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 3.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.45 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 3.35 | |
| Zig ZAG (10): | 3.40 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 33.42 | |
| TEMA (21): | 3.41 | |
| Williams %R (14): | -69.88 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.58 |
| MA7: | 3.45 | |
| MA20: | 3.33 | |
| MA50: | 3.62 | |
| MA100: | 4.12 | |
| MAexp7: | 3.40 | |
| MAexp20: | 3.40 | |
| MAexp50: | 3.40 | |
| MAexp100: | 3.42 | |
| Price / MA7: | -1.74% | |
| Price / MA20: | +1.80% | |
| Price / MA50: | -6.35% | |
| Price / MA100: | -17.72% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.88% |
This member declared not having a position on this financial instrument or a related financial instrument.
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