Londinia Opportunities Analyses - 06/08/2023 (GMT) COVESTING - COV/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | COVUSDT |
| ISIN: |
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
67%
28%
My opinion
Bearish under 0.141400 USDT
My targets
0.138600 USDT (-1.28%)
0.125267 USDT (-10.78%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on COVESTING - COV/USDT as long as the price remains well below 0.141400 USDT. The sellers' bearish objective is set at 0.138600 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.125267 USDT. In case of crossing, the next objective would be the support located at 0.121138 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, 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
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The COVESTING - COV/USDT rating is 0.140400 USDT. The price registered a decrease of -1.13% on the session with the lowest point at 0.140300 USDT and the highest point at 0.145000 USDT. The deviation from the price is +0.07% for the low point and -3.17% for the high point.0.140300
0.145000
0.140400
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of COVESTING - COV/USDT indicates that the overall trend is strongly bearish. 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. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.121138 | 0.138600 | 0.140400 | 0.141400 | 0.147160 | 0.152273 |
| Change (%) | -13.72% | -1.28% | - | +0.71% | +4.81% | +8.46% |
| Change | -0.019262 | -0.001800 | - | +0.001000 | +0.006760 | +0.011873 |
| Level | Major | Minor | - | Intermediate | Minor | Intermediate |
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 | 0.131467 | 0.135933 | 0.138967 | 0.143433 | 0.146467 | 0.150933 | 0.153967 |
| Camarilla | 0.139938 | 0.140625 | 0.141313 | 0.142000 | 0.142688 | 0.143375 | 0.144063 |
| Woodie | 0.130750 | 0.135575 | 0.138250 | 0.143075 | 0.145750 | 0.150575 | 0.153250 |
| Fibonacci | 0.135933 | 0.138798 | 0.140568 | 0.143433 | 0.146298 | 0.148068 | 0.150933 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.115333 | 0.125267 | 0.138533 | 0.148467 | 0.161733 | 0.171667 | 0.184933 |
| Camarilla | 0.145420 | 0.147547 | 0.149673 | 0.151800 | 0.153927 | 0.156053 | 0.158180 |
| Woodie | 0.117000 | 0.126100 | 0.140200 | 0.149300 | 0.163400 | 0.172500 | 0.186600 |
| Fibonacci | 0.125267 | 0.134129 | 0.139604 | 0.148467 | 0.157329 | 0.162804 | 0.171667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.098200 | 0.112200 | 0.128000 | 0.142000 | 0.157800 | 0.171800 | 0.187600 |
| Camarilla | 0.135605 | 0.138337 | 0.141068 | 0.143800 | 0.146532 | 0.149263 | 0.151995 |
| Woodie | 0.099100 | 0.112650 | 0.128900 | 0.142450 | 0.158700 | 0.172250 | 0.188500 |
| Fibonacci | 0.112200 | 0.123584 | 0.130616 | 0.142000 | 0.153384 | 0.160416 | 0.171800 |
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): | 37.77 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | 6.530827 | |
| AROON (14): | -64.285714 | |
| DEMA (21): | 0.141982 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.143383 | |
| Elder Ray (13): | -0.000893 | |
| Super Trend (3,10): | 0.145265 | |
| Zig ZAG (10): | 0.140300 | |
| VORTEX (21): | 0.8816 | |
| Stochastique (14,3,5): | 28.49 | |
| TEMA (21): | 0.142437 | |
| Williams %R (14): | -97.87 | |
| Chande Momentum Oscillator (20): | -0.001600 | |
| Repulse (5,40,3): | -1.8104 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0181 | |
| Courbe Coppock: | 0.59 |
| MA7: | 0.146843 | |
| MA20: | 0.144535 | |
| MA50: | 0.141052 | |
| MA100: | 0.150068 | |
| MAexp7: | 0.142105 | |
| MAexp20: | 0.142402 | |
| MAexp50: | 0.143651 | |
| MAexp100: | 0.145373 | |
| Price / MA7: | -4.39% | |
| Price / MA20: | -2.86% | |
| Price / MA50: | -0.46% | |
| Price / MA100: | -6.44% | |
| Price / MAexp7: | -1.20% | |
| Price / MAexp20: | -1.41% | |
| Price / MAexp50: | -2.26% | |
| Price / MAexp100: | -3.42% |
Quotes :
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Real time data
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Cryptocompare