Londinia Opportunities Analyses - 04/24/2024 (GMT) CHICKEN - KFC/USDT - 1H

CHICKEN - KFC/USDT
- USDT (-)
- Real time data - Cryptocompare
Type: Cryptocurrencies
Ticker: KFCUSDT
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: Bullish
Underlying: Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 4.82 USDT
My targets
5.07 USDT (+3.20%)
5.19 USDT (+5.70%)
My analysis
The basic bullish trend is very strong on CHICKEN - KFC/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 4.82 USDT. Crossing the first resistance at 5.07 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 5.19 USDT as an objective. Crossing it would then enable buyers to target 5.60 USDT. Caution, a return to below 4.82 USDT would be a sign of a consolidation phase in 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4

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Additional analysis

Quotes

The CHICKEN - KFC/USDT price is 4.91 USDT. On the day, this instrument gained +0.00% with the lowest point at 4.89 USDT and the highest point at 4.91 USDT. The deviation from the price is +0.41% for the low point and 0% for the high point.

4.89
4.91
4.91

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


A technical analysis in 1H of this CHICKEN - KFC/USDT chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

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 4.72 4.79 4.82 4.91 4.92 5.19 5.60
Change (%) -3.87% -2.44% -1.83% - +0.20% +5.70% +14.05%
Change -0.19 -0.12 -0.09 - +0.01 +0.28 +0.69
Level Major Minor Intermediate - Intermediate Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.654.714.814.874.975.035.13
Camarilla4.874.884.904.914.934.944.95
Woodie4.674.724.834.884.995.045.15
Fibonacci4.714.774.814.874.934.975.03


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.284.474.584.774.885.075.18
Camarilla4.624.654.674.704.734.764.78
Woodie4.254.454.554.754.855.055.15
Fibonacci4.474.584.654.774.884.955.07


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.744.294.775.325.806.356.83
Camarilla4.985.075.175.265.355.455.54
Woodie3.724.274.755.305.786.336.81
Fibonacci4.294.684.925.325.715.956.35

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): 63.06
MACD (12,26,9): 0.0100
Directional Movement: 7.59
AROON (14): -64.29
DEMA (21): 4.91
Parabolic SAR (0,02-0,02-0,2): 4.91
Elder Ray (13): 0.01
Super Trend (3,10): 4.87
Zig ZAG (10): 4.90
VORTEX (21): 1.0000
Stochastique (14,3,5): 69.44
TEMA (21): 4.91
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 0.01
Repulse (5,40,3): 0.3300
ROCnROLL: 1
TRIX (15,9): 0.0400
Courbe Coppock: 0.07
MA7: 4.79
MA20: 4.94
MA50: 5.12
MA100: 5.18
MAexp7: 4.90
MAexp20: 4.90
MAexp50: 4.87
MAexp100: 4.83
Price / MA7: +2.51%
Price / MA20: -0.61%
Price / MA50: -4.10%
Price / MA100: -5.21%
Price / MAexp7: +0.20%
Price / MAexp20: +0.20%
Price / MAexp50: +0.82%
Price / MAexp100: +1.66%

Quotes : - Real time data - Cryptocompare