Londinia Opportunities Analyses - 12/03/2021 (GMT) INTERNET COMPUTER - ICP/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | ICPUSDT |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 39.92 USDT
My targets
38.70 USDT (-2.02%)
35.27 USDT (-10.72%)
My analysis
INTERNET COMPUTER - ICP/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 39.92 USDT. The next support located at 38.70 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 35.27 USDT. Below this support, sellers could then target 31.68 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The INTERNET COMPUTER - ICP/USDT price is 39.50 USDT. The price is lower by -1.57% since the last closing with the lowest point at 39.23 USDT and the highest point at 41.34 USDT. The deviation from the price is +0.69% for the low point and -4.45% for the high point.39.23
41.34
39.50
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this INTERNET COMPUTER - ICP/USDT chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 39.30 | 39.50 | 39.92 | 40.80 | 42.56 |
| Change (%) | -0.51% | - | +1.06% | +3.29% | +7.75% |
| Change | -0.20 | - | +0.42 | +1.30 | +3.06 |
| Level | Minor | - | Intermediate | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.30 | 39.02 | 39.57 | 40.29 | 40.84 | 41.56 | 42.11 |
| Camarilla | 39.78 | 39.90 | 40.01 | 40.13 | 40.25 | 40.36 | 40.48 |
| Woodie | 38.23 | 38.98 | 39.50 | 40.25 | 40.77 | 41.52 | 42.04 |
| Fibonacci | 39.02 | 39.50 | 39.80 | 40.29 | 40.77 | 41.07 | 41.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.68 | 35.27 | 38.70 | 42.29 | 45.72 | 49.31 | 52.74 |
| Camarilla | 40.21 | 40.85 | 41.50 | 42.14 | 42.78 | 43.43 | 44.07 |
| Woodie | 31.61 | 35.23 | 38.63 | 42.25 | 45.65 | 49.27 | 52.67 |
| Fibonacci | 35.27 | 37.95 | 39.61 | 42.29 | 44.97 | 46.63 | 49.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.25 | 25.72 | 33.24 | 45.71 | 53.23 | 65.70 | 73.22 |
| Camarilla | 35.26 | 37.10 | 38.93 | 40.76 | 42.59 | 44.43 | 46.26 |
| Woodie | 10.78 | 24.48 | 30.77 | 44.47 | 50.76 | 64.46 | 70.75 |
| Fibonacci | 25.72 | 33.36 | 38.07 | 45.71 | 53.35 | 58.06 | 65.70 |
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): | 38.68 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -5.18 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 40.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 41.29 | |
| Elder Ray (13): | -0.53 | |
| Super Trend (3,10): | 41.22 | |
| Zig ZAG (10): | 39.82 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 12.13 | |
| TEMA (21): | 40.47 | |
| Williams %R (14): | -92.23 | |
| Chande Momentum Oscillator (20): | -0.95 | |
| Repulse (5,40,3): | -3.3300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.56 |
| MA7: | 41.01 | |
| MA20: | 42.18 | |
| MA50: | 44.80 | |
| MA100: | 49.96 | |
| MAexp7: | 40.26 | |
| MAexp20: | 40.57 | |
| MAexp50: | 40.70 | |
| MAexp100: | 40.96 | |
| Price / MA7: | -3.68% | |
| Price / MA20: | -6.35% | |
| Price / MA50: | -11.83% | |
| Price / MA100: | -20.94% | |
| Price / MAexp7: | -1.89% | |
| Price / MAexp20: | -2.64% | |
| Price / MAexp50: | -2.95% | |
| Price / MAexp100: | -3.56% |
Quotes :
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Real time data
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Cryptocompare