Londinia Opportunities Analyses - 03/30/2023 (GMT) AC MILAN FAN TOKEN (X100) - ACM/BTC - 1H

AC MILAN FAN TOKEN (X100) - ACM/BTC
- BTC (-)
- Real time data - Cryptocompare
Type: Cryptocurrencies
Ticker: ACMBTC
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
11%
78%
11%
My opinion
Bearish under 0.008611 BTC
My targets
0.008330 BTC (-2.20%)
0.007669 BTC (-9.96%)
My analysis
The bearish trend is currently very strong for AC MILAN FAN TOKEN (X100) - ACM/BTC. As long as the price remains below the resistance at 0.008611 BTC, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.008330 BTC. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.007669 BTC as an objective. Crossing it would then enable sellers to target 0.000029 BTC. 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, 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
8.2

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

AC MILAN FAN TOKEN (X100) - ACM/BTC rating 0.008517 BTC. On the day, this instrument lost -1.65% with the lowest point at 0.008460 BTC and the highest point at 0.008660 BTC. The deviation from the price is +0.67% for the low point and -1.65% for the high point.

0.008460
0.008660
0.008517

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of AC MILAN FAN TOKEN (X100) - ACM/BTC indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



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

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.000029 0.008330 0.008511 0.008517 0.008611 0.008677 0.008811
Change (%) -99.66% -2.20% -0.07% - +1.10% +1.88% +3.45%
Change -0.008488 -0.000187 -0.000006 - +0.000094 +0.000160 +0.000294
Level Intermediate Minor Minor - Major Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0081620.0083370.0084980.0086730.0088340.0090090.009170
Camarilla0.0085680.0085980.0086290.0086600.0086910.0087220.008752
Woodie0.0081560.0083340.0084920.0086700.0088280.0090060.009164
Fibonacci0.0083370.0084650.0085440.0086730.0088010.0088800.009009


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0070070.0076690.0082440.0089060.0094810.0101430.010718
Camarilla0.0084800.0085930.0087070.0088200.0089330.0090470.009160
Woodie0.0069650.0076470.0082020.0088840.0094390.0101210.010676
Fibonacci0.0076690.0081410.0084330.0089060.0093780.0096700.010143


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0079600.0098100.0110300.0128800.0141000.0159500.017170
Camarilla0.0114060.0116870.0119690.0122500.0125310.0128130.013094
Woodie0.0076450.0096530.0107150.0127230.0137850.0157930.016855
Fibonacci0.0098100.0109830.0117070.0128800.0140530.0147770.015950

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): 38.98
MACD (12,26,9): -0.0001
Directional Movement: -10.733687
AROON (14): -21.428572
DEMA (21): 0.008540
Parabolic SAR (0,02-0,02-0,2): 0.008678
Elder Ray (13): -0.000063
Super Trend (3,10): 0.008715
Zig ZAG (10): 0.008517
VORTEX (21): 0.8123
Stochastique (14,3,5): 17.08
TEMA (21): 0.008517
Williams %R (14): -76.25
Chande Momentum Oscillator (20): -0.000117
Repulse (5,40,3): -1.0878
ROCnROLL: 2
TRIX (15,9): -0.0818
Courbe Coppock: 1.26
MA7: 0.008738
MA20: 0.009389
MA50: 0.011147
MA100: 0.012350
MAexp7: 0.008548
MAexp20: 0.008609
MAexp50: 0.008680
MAexp100: 0.008721
Price / MA7: -2.53%
Price / MA20: -9.29%
Price / MA50: -23.59%
Price / MA100: -31.04%
Price / MAexp7: -0.36%
Price / MAexp20: -1.07%
Price / MAexp50: -1.88%
Price / MAexp100: -2.34%

Quotes : - Real time data - Cryptocompare