PEERCOIN - PPC/USDT - Daily - Technical analysis published on 01/28/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 0.200600 USDT
My targets
0.230533 USDT (+7.08%)
0.259675 USDT (+20.61%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on PEERCOIN - PPC/USDT. This is a positive signal for buyers. As long as the price remains above 0.200600 USDT, a purchase could be considered. The first bullish objective is located at 0.230533 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.259675 USDT as an objective. Crossing it would then enable buyers to target 0.307300 USDT. In the event of a return below 0.200600 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
5.4
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
PEERCOIN - PPC/USDT rating 0.215300 USDT. The price has increased by -3.54% since the last closing and was traded between 0.214900 USDT and 0.225700 USDT over the period. The price is currently at +0.19% from its lowest and -4.61% from its highest.0.214900
0.225700
0.215300
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of PEERCOIN - PPC/USDT in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.142700 | 0.200600 | 0.215300 | 0.259675 | 0.307300 | 0.397500 |
| Change (%) | -33.72% | -6.83% | - | +20.61% | +42.73% | +84.63% |
| Change | -0.072600 | -0.014700 | - | +0.044375 | +0.092000 | +0.182200 |
| Level | Major | Intermediate | - | Intermediate | Minor | 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 | 0.216967 | 0.218533 | 0.220867 | 0.222433 | 0.224767 | 0.226333 | 0.228667 |
| Camarilla | 0.222128 | 0.222485 | 0.222843 | 0.223200 | 0.223558 | 0.223915 | 0.224273 |
| Woodie | 0.217350 | 0.218725 | 0.221250 | 0.222625 | 0.225150 | 0.226525 | 0.229050 |
| Fibonacci | 0.218533 | 0.220023 | 0.220944 | 0.222433 | 0.223923 | 0.224844 | 0.226333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.156500 | 0.172200 | 0.188600 | 0.204300 | 0.220700 | 0.236400 | 0.252800 |
| Camarilla | 0.196173 | 0.199115 | 0.202058 | 0.205000 | 0.207943 | 0.210885 | 0.213828 |
| Woodie | 0.156850 | 0.172375 | 0.188950 | 0.204475 | 0.221050 | 0.236575 | 0.253150 |
| Fibonacci | 0.172200 | 0.184462 | 0.192038 | 0.204300 | 0.216562 | 0.224138 | 0.236400 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.016533 | 0.078967 | 0.123533 | 0.185967 | 0.230533 | 0.292967 | 0.337533 |
| Camarilla | 0.138675 | 0.148483 | 0.158292 | 0.168100 | 0.177908 | 0.187717 | 0.197525 |
| Woodie | 0.007600 | 0.074500 | 0.114600 | 0.181500 | 0.221600 | 0.288500 | 0.328600 |
| Fibonacci | 0.078967 | 0.119841 | 0.145093 | 0.185967 | 0.226841 | 0.252093 | 0.292967 |
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): | 63.29 | |
| MACD (12,26,9): | 0.0102 | |
| Directional Movement: | 21.606491 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.208847 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.189104 | |
| Elder Ray (13): | 0.018222 | |
| Super Trend (3,10): | 0.189902 | |
| Zig ZAG (10): | 0.215000 | |
| VORTEX (21): | 1.1631 | |
| Stochastique (14,3,5): | 80.06 | |
| TEMA (21): | 0.215704 | |
| Williams %R (14): | -23.73 | |
| Chande Momentum Oscillator (20): | 0.033500 | |
| Repulse (5,40,3): | -3.9375 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6721 | |
| Courbe Coppock: | 27.92 |
| MA7: | 0.206371 | |
| MA20: | 0.194395 | |
| MA50: | 0.176146 | |
| MA100: | 0.195119 | |
| MAexp7: | 0.208776 | |
| MAexp20: | 0.196411 | |
| MAexp50: | 0.189055 | |
| MAexp100: | 0.206671 | |
| Price / MA7: | +4.33% | |
| Price / MA20: | +10.75% | |
| Price / MA50: | +22.23% | |
| Price / MA100: | +10.34% | |
| Price / MAexp7: | +3.12% | |
| Price / MAexp20: | +9.62% | |
| Price / MAexp50: | +13.88% | |
| Price / MAexp100: | +4.18% |
This member declared not having a position on this financial instrument or a related financial instrument.
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