Londinia Opportunities Analyses - 06/09/2023 (GMT) DREP - DREP/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | DREPUSDT |
| ISIN: |
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 0.312100 USDT
My targets
0.306000 USDT (-1.35%)
0.282300 USDT (-8.99%)
My analysis
The bearish basic trend is very strong on DREP - DREP/USDT but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.312100 USDT. Crossing the first support at 0.306000 USDT would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.282300 USDT as an objective. Crossing it would then enable sellers to target 0.233760 USDT. Caution, a return to above the resistance located at 0.312100 USDT would be a sign of a possible consolidation phase of the short-term basic trend. 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
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The DREP - DREP/USDT rating is 0.310200 USDT. On the day, this instrument lost -1.52% and was between 0.309100 USDT and 0.316800 USDT. This implies that the price is at +0.36% from its lowest and at -2.08% from its highest.0.309100
0.316800
0.310200
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of DREP - DREP/USDT indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a bearish signal.
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 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.004100 | 0.233760 | 0.306000 | 0.310200 | 0.312100 | 0.320200 | 0.335833 |
| Change (%) | -98.68% | -24.64% | -1.35% | - | +0.61% | +3.22% | +8.26% |
| Change | -0.306100 | -0.076440 | -0.004200 | - | +0.001900 | +0.010000 | +0.025633 |
| Level | Minor | Major | Major | - | Minor | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.288567 | 0.295933 | 0.305467 | 0.312833 | 0.322367 | 0.329733 | 0.339267 |
| Camarilla | 0.310353 | 0.311902 | 0.313451 | 0.315000 | 0.316549 | 0.318098 | 0.319648 |
| Woodie | 0.289650 | 0.296475 | 0.306550 | 0.313375 | 0.323450 | 0.330275 | 0.340350 |
| Fibonacci | 0.295933 | 0.302389 | 0.306378 | 0.312833 | 0.319289 | 0.323278 | 0.329733 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.282300 | 0.312600 | 0.335900 | 0.366200 | 0.389500 | 0.419800 | 0.443100 |
| Camarilla | 0.344460 | 0.349373 | 0.354287 | 0.359200 | 0.364113 | 0.369027 | 0.373940 |
| Woodie | 0.278800 | 0.310850 | 0.332400 | 0.364450 | 0.386000 | 0.418050 | 0.439600 |
| Fibonacci | 0.312600 | 0.333075 | 0.345725 | 0.366200 | 0.386675 | 0.399325 | 0.419800 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.154433 | 0.035433 | 0.193867 | 0.383733 | 0.542167 | 0.732033 | 0.890467 |
| Camarilla | 0.256518 | 0.288445 | 0.320373 | 0.352300 | 0.384228 | 0.416155 | 0.448083 |
| Woodie | -0.170150 | 0.027575 | 0.178150 | 0.375875 | 0.526450 | 0.724175 | 0.874750 |
| Fibonacci | 0.035433 | 0.168484 | 0.250683 | 0.383733 | 0.516784 | 0.598983 | 0.732033 |
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): | 39.88 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -3.134607 | |
| AROON (14): | -78.571429 | |
| DEMA (21): | 0.312486 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.319978 | |
| Elder Ray (13): | -0.003591 | |
| Super Trend (3,10): | 0.320343 | |
| Zig ZAG (10): | 0.309900 | |
| VORTEX (21): | 1.0740 | |
| Stochastique (14,3,5): | 17.63 | |
| TEMA (21): | 0.313259 | |
| Williams %R (14): | -92.79 | |
| Chande Momentum Oscillator (20): | -0.007700 | |
| Repulse (5,40,3): | -1.2703 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0233 | |
| Courbe Coppock: | 0.72 |
| MA7: | 0.325757 | |
| MA20: | 0.348380 | |
| MA50: | 0.365998 | |
| MA100: | 0.418329 | |
| MAexp7: | 0.312601 | |
| MAexp20: | 0.313662 | |
| MAexp50: | 0.316517 | |
| MAexp100: | 0.322989 | |
| Price / MA7: | -4.78% | |
| Price / MA20: | -10.96% | |
| Price / MA50: | -15.25% | |
| Price / MA100: | -25.85% | |
| Price / MAexp7: | -0.77% | |
| Price / MAexp20: | -1.10% | |
| Price / MAexp50: | -2.00% | |
| Price / MAexp100: | -3.96% |
Quotes :
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Real time data
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Cryptocompare