Londinia Opportunities Analyses - 01/22/2022 (GMT) MIRROR PROTOCOL (X100) - MIR/ETH - 1H

MIRROR PROTOCOL (X100) - MIR/ETH
- ETH (-)
- Real time data - Cryptocompare
Type: Cryptocurrencies
Ticker: MIRETH
ISIN:

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • Cryptocurrencies
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.053100 ETH
My targets
0.057827 ETH (+4.57%)
0.063613 ETH (+15.03%)
My analysis
MIRROR PROTOCOL (X100) - MIR/ETH is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.053100 ETH. The next resistance located at 0.057827 ETH is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.063613 ETH. After this resistance, buyers could then target 0.067570 ETH. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
8.4

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The MIRROR PROTOCOL (X100) - MIR/ETH rating is 0.055300 ETH. The price has increased by +0.89% since the last closing with the lowest point at 0.053790 ETH and the highest point at 0.055310 ETH. The deviation from the price is +2.81% for the low point and -0.02% for the high point.

0.053790
0.055310
0.055300

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:

Technical


Technical analysis of MIRROR PROTOCOL (X100) - MIR/ETH in 1H shows a strongly overall 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.
The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.050709 0.052162 0.053100 0.055300 0.067570 0.106622 0.146700
Change (%) -8.30% -5.67% -3.98% - +22.19% +92.81% +165.28%
Change -0.004591 -0.003138 -0.002200 - +0.012270 +0.051322 +0.091400
Level Major Minor Minor - Minor Intermediate Intermediate



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
Standard0.0441470.0470230.0509170.0537930.0576870.0605630.064457
Camarilla0.0529480.0535690.0541890.0548100.0554310.0560510.056672
Woodie0.0446550.0472780.0514250.0540480.0581950.0608180.064965
Fibonacci0.0470230.0496100.0512070.0537930.0563800.0579770.060563


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0398270.0456130.0488270.0546130.0578270.0636130.066827
Camarilla0.0495650.0503900.0512150.0520400.0528650.0536900.054515
Woodie0.0385400.0449700.0475400.0539700.0565400.0629700.065540
Fibonacci0.0456130.0490510.0511750.0546130.0580510.0601750.063613


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0231930.0358470.0511730.0638270.0791530.0918070.107133
Camarilla0.0588060.0613700.0639350.0665000.0690650.0716300.074195
Woodie0.0245300.0365150.0525100.0644950.0804900.0924750.108470
Fibonacci0.0358470.0465350.0531380.0638270.0745150.0811180.091807

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): 67.88
MACD (12,26,9): 0.0011
Directional Movement: 31.814894
AROON (14): 50.000000
DEMA (21): 0.054532
Parabolic SAR (0,02-0,02-0,2): 0.053790
Elder Ray (13): 0.000908
Super Trend (3,10): 0.052359
Zig ZAG (10): 0.054610
VORTEX (21): 1.2172
Stochastique (14,3,5): 64.82
TEMA (21): 0.055015
Williams %R (14): -34.62
Chande Momentum Oscillator (20): 0.002800
Repulse (5,40,3): 0.1833
ROCnROLL: 1
TRIX (15,9): 0.2858
Courbe Coppock: 11.93
MA7: 0.051589
MA20: 0.055231
MA50: 0.058674
MA100: 0.064477
MAexp7: 0.054279
MAexp20: 0.052972
MAexp50: 0.051616
MAexp100: 0.051216
Price / MA7: +7.19%
Price / MA20: +0.12%
Price / MA50: -5.75%
Price / MA100: -14.23%
Price / MAexp7: +1.88%
Price / MAexp20: +4.39%
Price / MAexp50: +7.14%
Price / MAexp100: +7.97%

Quotes : - Real time data - Cryptocompare