Londinia Opportunities Analyses - 05/22/2024 (GMT) INDEX COOPERATIVE - INDEX/USDT - 1H

INDEX COOPERATIVE - INDEX/USDT
- USDT (-)
- Real time data - Cryptocompare
Type: Cryptocurrencies
Ticker: INDEXUSDT
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
83%
11%
6%
My opinion
Bullish above 5.24 USDT
My targets
5.99 USDT (+8.71%)
6.11 USDT (+10.89%)
My analysis
The basic bullish trend is very strong on INDEX COOPERATIVE - INDEX/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 5.24 USDT. Crossing the first resistance at 5.99 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 6.11 USDT as an objective. Crossing it would then enable buyers to target 6.86 USDT. Caution, a return to below 5.24 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
7.7

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Additional analysis

Quotes

INDEX COOPERATIVE - INDEX/USDT rating 5.51 USDT. The price has increased by +0.55% since the last closing and was between 4.99 USDT and 5.75 USDT. This implies that the price is at +10.42% from its lowest and at -4.17% from its highest.

4.99
5.75
5.51

Here is a more detailed summary of the historical variations registered by INDEX COOPERATIVE - INDEX/USDT:

Technical


Technical analysis of INDEX COOPERATIVE - INDEX/USDT in 1H shows a strongly overall 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, 15 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.59 4.98 5.24 5.51 6.11 6.86 7.08
Change (%) -16.70% -9.62% -4.90% - +10.89% +24.50% +28.49%
Change -0.92 -0.53 -0.27 - +0.60 +1.35 +1.57
Level Intermediate Minor Intermediate - Intermediate Minor Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.483.724.605.846.727.968.84
Camarilla4.905.095.295.485.675.876.06
Woodie2.303.634.425.756.547.878.66
Fibonacci3.724.535.035.846.657.157.96


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.854.084.254.484.654.885.05
Camarilla4.324.364.394.434.474.504.54
Woodie3.834.074.234.474.634.875.03
Fibonacci4.084.234.324.484.634.724.88


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.251.802.874.925.998.049.11
Camarilla3.083.373.653.944.234.514.80
Woodie-0.741.562.384.685.507.808.62
Fibonacci1.802.993.734.926.116.858.04

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 57.31
MACD (12,26,9): 0.0200
Directional Movement: 23.99
AROON (14): 85.72
DEMA (21): 5.36
Parabolic SAR (0,02-0,02-0,2): 5.04
Elder Ray (13): 0.23
Super Trend (3,10): 5.00
Zig ZAG (10): 5.50
VORTEX (21): 0.9800
Stochastique (14,3,5): 83.30
TEMA (21): 5.32
Williams %R (14): -22.07
Chande Momentum Oscillator (20): 0.21
Repulse (5,40,3): 1.4400
ROCnROLL: 1
TRIX (15,9): -0.0400
Courbe Coppock: 1.72
MA7: 4.79
MA20: 4.58
MA50: 4.63
MA100: 4.70
MAexp7: 5.39
MAexp20: 5.33
MAexp50: 5.21
MAexp100: 4.99
Price / MA7: +15.03%
Price / MA20: +20.31%
Price / MA50: +19.01%
Price / MA100: +17.23%
Price / MAexp7: +2.23%
Price / MAexp20: +3.38%
Price / MAexp50: +5.76%
Price / MAexp100: +10.42%

Quotes : - Real time data - Cryptocompare