PERPETUAL PROTOCOL - PERP/USD - 1H - Technical analysis published on 08/18/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.910000 USD
My targets
0.870000 USD (-3.38%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.910000 USD remains possible. It is advisable to trade PERPETUAL PROTOCOL - PERP/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.910000 USD. The next bearish objective for sellers is set at 0.870000 USD. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 0.910000 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PERPETUAL PROTOCOL - PERP/USD rating is 0.900400 USD. The price is lower by -0.08% since the last closing with the lowest point at 0.869700 USD and the highest point at 0.902100 USD. The deviation from the price is +3.53% for the low point and -0.19% for the high point.0.869700
0.902100
0.900400
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.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this PERPETUAL PROTOCOL - PERP/USD chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Upside Tasuki gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.870000 | 0.900400 | 0.910000 | 0.980000 | 1.060000 |
| Change (%) | -3.38% | - | +1.07% | +8.84% | +17.73% |
| Change | -0.030400 | - | +0.009600 | +0.079600 | +0.159600 |
| Level | Intermediate | - | Minor | Major | 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 | 0.735000 | 0.801500 | 0.851300 | 0.917800 | 0.967600 | 1.034100 | 1.083900 |
| Camarilla | 0.869118 | 0.879778 | 0.890439 | 0.901100 | 0.911761 | 0.922422 | 0.933083 |
| Woodie | 0.726650 | 0.797325 | 0.842950 | 0.913625 | 0.959250 | 1.029925 | 1.075550 |
| Fibonacci | 0.801500 | 0.845927 | 0.873373 | 0.917800 | 0.962227 | 0.989673 | 1.034100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.801333 | 0.890667 | 0.971333 | 1.060667 | 1.141333 | 1.230667 | 1.311333 |
| Camarilla | 1.005250 | 1.020833 | 1.036417 | 1.052000 | 1.067583 | 1.083167 | 1.098750 |
| Woodie | 0.797000 | 0.888500 | 0.967000 | 1.058500 | 1.137000 | 1.228500 | 1.307000 |
| Fibonacci | 0.890667 | 0.955607 | 0.995727 | 1.060667 | 1.125607 | 1.165727 | 1.230667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.223333 | 0.406667 | 0.643333 | 0.826667 | 1.063333 | 1.246667 | 1.483333 |
| Camarilla | 0.764500 | 0.803000 | 0.841500 | 0.880000 | 0.918500 | 0.957000 | 0.995500 |
| Woodie | 0.250000 | 0.420000 | 0.670000 | 0.840000 | 1.090000 | 1.260000 | 1.510000 |
| Fibonacci | 0.406667 | 0.567107 | 0.666227 | 0.826667 | 0.987107 | 1.086227 | 1.246667 |
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): | 50.00 | |
| MACD (12,26,9): | -0.0085 | |
| Directional Movement: | 0.678099 | |
| AROON (14): | 7.142858 | |
| DEMA (21): | 0.880665 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.905857 | |
| Elder Ray (13): | 0.004786 | |
| Super Trend (3,10): | 0.921147 | |
| Zig ZAG (10): | 0.892900 | |
| VORTEX (21): | 0.9848 | |
| Stochastique (14,3,5): | 63.15 | |
| TEMA (21): | 0.884500 | |
| Williams %R (14): | -40.29 | |
| Chande Momentum Oscillator (20): | 0.021300 | |
| Repulse (5,40,3): | 0.5179 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1784 | |
| Courbe Coppock: | 0.47 |
| MA7: | 0.972800 | |
| MA20: | 0.994185 | |
| MA50: | 0.854674 | |
| MA100: | 0.929537 | |
| MAexp7: | 0.889563 | |
| MAexp20: | 0.892514 | |
| MAexp50: | 0.914741 | |
| MAexp100: | 0.947085 | |
| Price / MA7: | -7.44% | |
| Price / MA20: | -9.43% | |
| Price / MA50: | +5.35% | |
| Price / MA100: | -3.13% | |
| Price / MAexp7: | +1.22% | |
| Price / MAexp20: | +0.88% | |
| Price / MAexp50: | -1.57% | |
| Price / MAexp100: | -4.93% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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