Londinia Opportunities Analyses - 01/22/2022 (GMT) SOPAY (X100) - SOP/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | SOPUSDT |
| 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 0.003945 USDT
My targets
0.003636 USDT (-4.49%)
0.003135 USDT (-17.65%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SOPAY (X100) - SOP/USDT as long as the price remains well below 0.003945 USDT. The sellers' bearish objective is set at 0.003636 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.003135 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The SOPAY (X100) - SOP/USDT price is 0.003807 USDT. The price registered a decrease of -4.42% on the session and was traded between 0.003807 USDT and 0.003985 USDT over the period. The price is currently at 0% from its lowest and -4.47% from its highest.0.003807
0.003985
0.003807
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this SOPAY (X100) - SOP/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.
In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.003807 | 0.003815 | 0.003945 | 0.004225 |
| Change (%) | - | +0.21% | +3.62% | +10.98% |
| Change | - | +0.000008 | +0.000138 | +0.000418 |
| Level | - | Minor | Intermediate | Major |
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 | 0.003329 | 0.003626 | 0.003804 | 0.004101 | 0.004279 | 0.004576 | 0.004754 |
| Camarilla | 0.003852 | 0.003896 | 0.003940 | 0.003983 | 0.004027 | 0.004070 | 0.004114 |
| Woodie | 0.003271 | 0.003596 | 0.003746 | 0.004071 | 0.004221 | 0.004546 | 0.004696 |
| Fibonacci | 0.003626 | 0.003807 | 0.003919 | 0.004101 | 0.004282 | 0.004394 | 0.004576 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003135 | 0.003636 | 0.004003 | 0.004504 | 0.004871 | 0.005372 | 0.005739 |
| Camarilla | 0.004131 | 0.004211 | 0.004290 | 0.004370 | 0.004450 | 0.004529 | 0.004609 |
| Woodie | 0.003068 | 0.003603 | 0.003936 | 0.004471 | 0.004804 | 0.005339 | 0.005672 |
| Fibonacci | 0.003636 | 0.003968 | 0.004172 | 0.004504 | 0.004836 | 0.005040 | 0.005372 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001923 | 0.003031 | 0.003785 | 0.004893 | 0.005647 | 0.006755 | 0.007509 |
| Camarilla | 0.004028 | 0.004199 | 0.004369 | 0.004540 | 0.004711 | 0.004881 | 0.005052 |
| Woodie | 0.001747 | 0.002943 | 0.003609 | 0.004805 | 0.005471 | 0.006667 | 0.007333 |
| Fibonacci | 0.003031 | 0.003742 | 0.004181 | 0.004893 | 0.005604 | 0.006043 | 0.006755 |
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): | 30.57 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -9.720819 | |
| AROON (14): | -85.714286 | |
| DEMA (21): | 0.003908 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.004105 | |
| Elder Ray (13): | -0.000084 | |
| Super Trend (3,10): | 0.004143 | |
| Zig ZAG (10): | 0.003818 | |
| VORTEX (21): | 0.9124 | |
| Stochastique (14,3,5): | 8.00 | |
| TEMA (21): | 0.003854 | |
| Williams %R (14): | -99.73 | |
| Chande Momentum Oscillator (20): | -0.000209 | |
| Repulse (5,40,3): | -2.8564 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2545 | |
| Courbe Coppock: | 8.06 |
| MA7: | 0.004205 | |
| MA20: | 0.004367 | |
| MA50: | 0.004622 | |
| MA100: | 0.004899 | |
| MAexp7: | 0.003897 | |
| MAexp20: | 0.004008 | |
| MAexp50: | 0.004121 | |
| MAexp100: | 0.004203 | |
| Price / MA7: | -9.46% | |
| Price / MA20: | -12.82% | |
| Price / MA50: | -17.63% | |
| Price / MA100: | -22.29% | |
| Price / MAexp7: | -2.31% | |
| Price / MAexp20: | -5.01% | |
| Price / MAexp50: | -7.62% | |
| Price / MAexp100: | -9.42% |
Quotes :
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Real time data
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