Londinia Opportunities Analyses - 06/08/2023 (GMT) QTUM - QTUM/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | QTUMUSDT |
| ISIN: |
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 2.38 USDT
My targets
2.26 USDT (-3.55%)
2.12 USDT (-9.40%)
My analysis
The bearish trend is currently very strong for QTUM - QTUM/USDT. As long as the price remains below the resistance at 2.38 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.26 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.12 USDT as an objective. Crossing it would then enable sellers to target 1.86 USDT. 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
8.4
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The QTUM - QTUM/USDT price is 2.34 USDT. The price is lower by -1.27% since the last closing and was traded between 2.32 USDT and 2.38 USDT over the period. The price is currently at +0.86% from its lowest and -1.68% from its highest.2.32
2.38
2.34
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this QTUM - QTUM/USDT chart shows a sharp 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.
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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.86 | 2.12 | 2.34 | 2.35 | 2.38 | 2.57 |
| Change (%) | -20.51% | -9.40% | - | +0.43% | +1.71% | +9.83% |
| Change | -0.48 | -0.22 | - | +0.01 | +0.04 | +0.23 |
| Level | Major | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.15 | 2.25 | 2.31 | 2.41 | 2.47 | 2.57 | 2.63 |
| Camarilla | 2.33 | 2.34 | 2.36 | 2.37 | 2.39 | 2.40 | 2.41 |
| Woodie | 2.13 | 2.24 | 2.29 | 2.40 | 2.45 | 2.56 | 2.61 |
| Fibonacci | 2.25 | 2.31 | 2.35 | 2.41 | 2.47 | 2.51 | 2.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.26 | 2.40 | 2.54 | 2.68 | 2.82 | 2.96 | 3.10 |
| Camarilla | 2.59 | 2.62 | 2.64 | 2.67 | 2.70 | 2.72 | 2.75 |
| Woodie | 2.25 | 2.40 | 2.53 | 2.68 | 2.81 | 2.96 | 3.09 |
| Fibonacci | 2.40 | 2.51 | 2.58 | 2.68 | 2.79 | 2.86 | 2.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.01 | 2.24 | 2.43 | 2.66 | 2.85 | 3.08 | 3.27 |
| Camarilla | 2.51 | 2.54 | 2.58 | 2.62 | 2.66 | 2.70 | 2.74 |
| Woodie | 1.99 | 2.23 | 2.41 | 2.65 | 2.83 | 3.07 | 3.25 |
| Fibonacci | 2.24 | 2.40 | 2.50 | 2.66 | 2.82 | 2.92 | 3.08 |
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): | 31.79 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -26.06 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 2.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.38 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 2.40 | |
| Zig ZAG (10): | 2.34 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 33.13 | |
| TEMA (21): | 2.34 | |
| Williams %R (14): | -76.12 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | -0.7300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 4.10 |
| MA7: | 2.53 | |
| MA20: | 2.61 | |
| MA50: | 2.70 | |
| MA100: | 2.89 | |
| MAexp7: | 2.35 | |
| MAexp20: | 2.38 | |
| MAexp50: | 2.43 | |
| MAexp100: | 2.49 | |
| Price / MA7: | -7.51% | |
| Price / MA20: | -10.34% | |
| Price / MA50: | -13.33% | |
| Price / MA100: | -19.03% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | -1.68% | |
| Price / MAexp50: | -3.70% | |
| Price / MAexp100: | -6.02% |
Quotes :
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Real time data
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Cryptocompare