Londinia Opportunities Analyses - 06/08/2023 (GMT) HEDERA HASHGRAPH (X10000) - HBAR/BTC - 1H
| Type: | Cryptocurrencies |
| Ticker: | HBARBTC |
| ISIN: |
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
83%
11%
My opinion
Bearish under 0.018600 BTC
My targets
0.016933 BTC (-6.45%)
0.014633 BTC (-19.15%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on HEDERA HASHGRAPH (X10000) - HBAR/BTC as long as the price remains well below 0.018600 BTC. The sellers' bearish objective is set at 0.016933 BTC. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.014633 BTC. In case of crossing, the next objective would be the support located at 0.009800 BTC. 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, 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
8.6
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
HEDERA HASHGRAPH (X10000) - HBAR/BTC rating 0.018100 BTC. On the day, this instrument lost -1.63% and was between 0.018000 BTC and 0.018400 BTC. This implies that the price is at +0.56% from its lowest and at -1.63% from its highest.0.018000
0.018400
0.018100
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this HEDERA HASHGRAPH (X10000) - HBAR/BTC 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
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 : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.009800 | 0.018100 | 0.018100 | 0.018600 | 0.018700 | 0.018900 |
| Change (%) | -45.86% | 0% | - | +2.76% | +3.31% | +4.42% |
| Change | -0.008300 | 0 | - | +0.000500 | +0.000600 | +0.000800 |
| Level | Intermediate | Intermediate | - | Minor | Major | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017633 | 0.017867 | 0.018133 | 0.018367 | 0.018633 | 0.018867 | 0.019133 |
| Camarilla | 0.018263 | 0.018308 | 0.018354 | 0.018400 | 0.018446 | 0.018492 | 0.018538 |
| Woodie | 0.017650 | 0.017875 | 0.018150 | 0.018375 | 0.018650 | 0.018875 | 0.019150 |
| Fibonacci | 0.017867 | 0.018058 | 0.018176 | 0.018367 | 0.018558 | 0.018676 | 0.018867 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.016933 | 0.017667 | 0.018133 | 0.018867 | 0.019333 | 0.020067 | 0.020533 |
| Camarilla | 0.018270 | 0.018380 | 0.018490 | 0.018600 | 0.018710 | 0.018820 | 0.018930 |
| Woodie | 0.016800 | 0.017600 | 0.018000 | 0.018800 | 0.019200 | 0.020000 | 0.020400 |
| Fibonacci | 0.017667 | 0.018125 | 0.018408 | 0.018867 | 0.019325 | 0.019608 | 0.020067 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014633 | 0.016667 | 0.017733 | 0.019767 | 0.020833 | 0.022867 | 0.023933 |
| Camarilla | 0.017948 | 0.018232 | 0.018516 | 0.018800 | 0.019084 | 0.019368 | 0.019653 |
| Woodie | 0.014150 | 0.016425 | 0.017250 | 0.019525 | 0.020350 | 0.022625 | 0.023450 |
| Fibonacci | 0.016667 | 0.017851 | 0.018583 | 0.019767 | 0.020951 | 0.021683 | 0.022867 |
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): | 36.38 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -7.458673 | |
| AROON (14): | -78.571429 | |
| DEMA (21): | 0.018193 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.018450 | |
| Elder Ray (13): | -0.000194 | |
| Super Trend (3,10): | 0.018624 | |
| Zig ZAG (10): | 0.018000 | |
| VORTEX (21): | 0.8293 | |
| Stochastique (14,3,5): | 33.33 | |
| TEMA (21): | 0.018178 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.000300 | |
| Repulse (5,40,3): | -0.1995 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0361 | |
| Courbe Coppock: | 1.60 |
| MA7: | 0.018457 | |
| MA20: | 0.018945 | |
| MA50: | 0.019774 | |
| MA100: | 0.022142 | |
| MAexp7: | 0.018186 | |
| MAexp20: | 0.018282 | |
| MAexp50: | 0.018399 | |
| MAexp100: | 0.018510 | |
| Price / MA7: | -1.93% | |
| Price / MA20: | -4.46% | |
| Price / MA50: | -8.47% | |
| Price / MA100: | -18.25% | |
| Price / MAexp7: | -0.47% | |
| Price / MAexp20: | -1.00% | |
| Price / MAexp50: | -1.63% | |
| Price / MAexp100: | -2.22% |
Quotes :
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Real time data
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Cryptocompare