ARPA - ARPA/USDT - 1H - Technical analysis published on 04/22/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.008481 USDT
My targets
0.008886 USDT (+3.70%)
0.009556 USDT (+11.52%)
My analysis
The bullish trend is currently very strong on ARPA CHAIN - ARPA/USDT. As long as the price remains above the support at 0.008481 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.008886 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.009556 USDT as an objective. Crossing it would then enable buyers to target 0.011648 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9
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This analysis was given by ulmateus. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ARPA CHAIN - ARPA/USDT rating 0.008569 USDT. The price has increased by +0.98% since the last closing with the lowest point at 0.008474 USDT and the highest point at 0.008637 USDT. The deviation from the price is +1.12% for the low point and -0.79% for the high point.0.008474
0.008637
0.008569
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ARPA CHAIN - ARPA/USDT in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.007630 | 0.008021 | 0.008481 | 0.008569 | 0.011648 | 0.020360 | 0.026930 |
| Change (%) | -10.96% | -6.40% | -1.03% | - | +35.93% | +137.60% | +214.27% |
| Change | -0.000939 | -0.000548 | -0.000088 | - | +0.003079 | +0.011791 | +0.018361 |
| Level | Minor | Major | Intermediate | - | Minor | 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 | 0.006945 | 0.007295 | 0.007890 | 0.008240 | 0.008835 | 0.009185 | 0.009780 |
| Camarilla | 0.008226 | 0.008313 | 0.008399 | 0.008486 | 0.008573 | 0.008659 | 0.008746 |
| Woodie | 0.007069 | 0.007356 | 0.008014 | 0.008301 | 0.008959 | 0.009246 | 0.009904 |
| Fibonacci | 0.007295 | 0.007656 | 0.007879 | 0.008240 | 0.008601 | 0.008824 | 0.009185 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.005406 | 0.006076 | 0.007146 | 0.007816 | 0.008886 | 0.009556 | 0.010626 |
| Camarilla | 0.007737 | 0.007896 | 0.008056 | 0.008215 | 0.008375 | 0.008534 | 0.008694 |
| Woodie | 0.005605 | 0.006176 | 0.007345 | 0.007916 | 0.009085 | 0.009656 | 0.010825 |
| Fibonacci | 0.006076 | 0.006741 | 0.007152 | 0.007816 | 0.008481 | 0.008892 | 0.009556 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.010871 | 0.017821 | 0.012881 | 0.019831 | 0.014891 | 0.021841 | 0.016901 |
| Camarilla | 0.007389 | 0.007574 | 0.007758 | 0.007942 | 0.008126 | 0.008311 | 0.008495 |
| Woodie | 0.004927 | 0.014849 | 0.006937 | 0.016859 | 0.008947 | 0.018869 | 0.010957 |
| Fibonacci | 0.017821 | 0.018589 | 0.019063 | 0.019831 | 0.020599 | 0.021073 | 0.021841 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 64.69 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 20.438259 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.008458 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.008329 | |
| Elder Ray (13): | 0.000143 | |
| Super Trend (3,10): | 0.008103 | |
| Zig ZAG (10): | 0.008494 | |
| VORTEX (21): | 1.2443 | |
| Stochastique (14,3,5): | 85.97 | |
| TEMA (21): | 0.008583 | |
| Williams %R (14): | -12.90 | |
| Chande Momentum Oscillator (20): | 0.000300 | |
| Repulse (5,40,3): | 1.2981 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2879 | |
| Courbe Coppock: | 13.97 |
| MA7: | 0.010788 | |
| MA20: | 0.008587 | |
| MA50: | 0.007753 | |
| MA100: | 0.010041 | |
| MAexp7: | 0.008435 | |
| MAexp20: | 0.008243 | |
| MAexp50: | 0.008067 | |
| MAexp100: | 0.007972 | |
| Price / MA7: | -20.57% | |
| Price / MA20: | -0.21% | |
| Price / MA50: | +10.52% | |
| Price / MA100: | -14.66% | |
| Price / MAexp7: | +1.59% | |
| Price / MAexp20: | +3.95% | |
| Price / MAexp50: | +6.22% | |
| Price / MAexp100: | +7.49% |
This member declared not having a position on this financial instrument or a related financial instrument.
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