Londinia Opportunities Analyses - 01/24/2022 (GMT) PICKLE FINANCE - PICKLE/USDT - 1H

PICKLE FINANCE - PICKLE/USDT
- USDT (-)
- Real time data - Cryptocompare
Type: Cryptocurrencies
Ticker: PICKLEUSDT
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 bearish
Underlying: Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 6.84 USDT
My targets
5.78 USDT (-11.98%)
5.56 USDT (-15.37%)
My analysis
The bearish trend is currently very strong for PICKLE FINANCE - PICKLE/USDT. As long as the price remains below the resistance at 6.84 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 5.78 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.56 USDT as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
7.7

Analysis too old. There are no more charts available.

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

The PICKLE FINANCE - PICKLE/USDT price is 6.57 USDT. On the day, this instrument lost -7.85% and was traded between 6.57 USDT and 8.69 USDT over the period. The price is currently at 0% from its lowest and -24.40% from its highest.

6.57
8.69
6.57

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 20 days

Technical


Technical analysis of PICKLE FINANCE - PICKLE/USDT in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of channel

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami cross

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
ProTrendLines 5.56 6.57 6.84 8.11 9.26
Change (%) -15.37% - +4.11% +23.44% +40.94%
Change -1.01 - +0.27 +1.54 +2.69
Level Minor - Minor Major Minor



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
Standard4.575.766.457.648.339.5210.21
Camarilla6.616.796.967.137.307.487.65
Woodie4.315.646.197.528.079.409.95
Fibonacci5.766.486.937.648.368.819.52


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.134.575.788.229.4311.8713.08
Camarilla6.006.336.677.007.347.678.00
Woodie1.534.265.187.918.8311.5612.48
Fibonacci4.575.966.828.229.6110.4711.87


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-2.271.454.157.8710.5714.2916.99
Camarilla5.085.666.256.847.438.028.61
Woodie-2.791.203.637.6210.0514.0416.47
Fibonacci1.453.915.427.8710.3311.8414.29

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): 34.04
MACD (12,26,9): -0.1300
Directional Movement: 47.73
AROON (14): -42.86
DEMA (21): 6.78
Parabolic SAR (0,02-0,02-0,2): 8.27
Elder Ray (13): -0.23
Super Trend (3,10): 7.41
Zig ZAG (10): 6.64
VORTEX (21): 0.9100
Stochastique (14,3,5): 0.72
TEMA (21): 6.75
Williams %R (14): -98.56
Chande Momentum Oscillator (20): -0.54
Repulse (5,40,3): -5.6200
ROCnROLL: 2
TRIX (15,9): -0.1900
Courbe Coppock: 7.39
MA7: 7.85
MA20: 8.36
MA50: 8.49
MA100: 9.25
MAexp7: 6.79
MAexp20: 6.94
MAexp50: 7.20
MAexp100: 7.60
Price / MA7: -16.31%
Price / MA20: -21.41%
Price / MA50: -22.61%
Price / MA100: -28.97%
Price / MAexp7: -3.24%
Price / MAexp20: -5.33%
Price / MAexp50: -8.75%
Price / MAexp100: -13.55%

Quotes : - Real time data - Cryptocompare