PERPETUAL PROTOCOL - PERP/USD - 1H - Technical analysis published on 08/07/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 0.509833 USD
My targets
0.546867 USD (+5.21%)
0.573820 USD (+10.39%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PERPETUAL PROTOCOL - PERP/USD as long as the price remains well above 0.509833 USD. The buyers' bullish objective is set at 0.546867 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.573820 USD. If there is any crossing, the next objective would be the resistance located at 0.783122 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PERPETUAL PROTOCOL - PERP/USD rating 0.519800 USD. The price registered a decrease of -0.02% on the session with the lowest point at 0.509400 USD and the highest point at 0.537000 USD. The deviation from the price is +2.04% for the low point and -3.20% for the high point.0.509400
0.537000
0.519800
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this PERPETUAL PROTOCOL - PERP/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Black evening star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.496031 | 0.502300 | 0.509833 | 0.519800 | 0.521100 | 0.573820 | 0.783122 |
| Change (%) | -4.57% | -3.37% | -1.92% | - | +0.25% | +10.39% | +50.66% |
| Change | -0.023769 | -0.017500 | -0.009967 | - | +0.001300 | +0.054020 | +0.263322 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | Intermediate |
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 | 0.476267 | 0.487033 | 0.503467 | 0.514233 | 0.530667 | 0.541433 | 0.557867 |
| Camarilla | 0.512420 | 0.514913 | 0.517407 | 0.519900 | 0.522393 | 0.524887 | 0.527380 |
| Woodie | 0.479100 | 0.488450 | 0.506300 | 0.515650 | 0.533500 | 0.542850 | 0.560700 |
| Fibonacci | 0.487033 | 0.497424 | 0.503843 | 0.514233 | 0.524624 | 0.531043 | 0.541433 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.423833 | 0.447667 | 0.473433 | 0.497267 | 0.523033 | 0.546867 | 0.572633 |
| Camarilla | 0.485560 | 0.490107 | 0.494653 | 0.499200 | 0.503747 | 0.508293 | 0.512840 |
| Woodie | 0.424800 | 0.448150 | 0.474400 | 0.497750 | 0.524000 | 0.547350 | 0.573600 |
| Fibonacci | 0.447667 | 0.466614 | 0.478320 | 0.497267 | 0.516214 | 0.527920 | 0.546867 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.329367 | 0.395733 | 0.443267 | 0.509633 | 0.557167 | 0.623533 | 0.671067 |
| Camarilla | 0.459478 | 0.469918 | 0.480359 | 0.490800 | 0.501241 | 0.511682 | 0.522123 |
| Woodie | 0.319950 | 0.391025 | 0.433850 | 0.504925 | 0.547750 | 0.618825 | 0.661650 |
| Fibonacci | 0.395733 | 0.439243 | 0.466124 | 0.509633 | 0.553143 | 0.580024 | 0.623533 |
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): | 54.42 | |
| MACD (12,26,9): | 0.0017 | |
| Directional Movement: | 15.136464 | |
| AROON (14): | -42.857142 | |
| DEMA (21): | 0.520211 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.526356 | |
| Elder Ray (13): | 0.002323 | |
| Super Trend (3,10): | 0.523169 | |
| Zig ZAG (10): | 0.520200 | |
| VORTEX (21): | 1.0610 | |
| Stochastique (14,3,5): | 43.36 | |
| TEMA (21): | 0.519016 | |
| Williams %R (14): | -62.68 | |
| Chande Momentum Oscillator (20): | -0.000200 | |
| Repulse (5,40,3): | 0.2840 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0621 | |
| Courbe Coppock: | 1.45 |
| MA7: | 0.509286 | |
| MA20: | 0.495150 | |
| MA50: | 0.502442 | |
| MA100: | 0.534706 | |
| MAexp7: | 0.518695 | |
| MAexp20: | 0.517534 | |
| MAexp50: | 0.513201 | |
| MAexp100: | 0.508527 | |
| Price / MA7: | +2.06% | |
| Price / MA20: | +4.98% | |
| Price / MA50: | +3.45% | |
| Price / MA100: | -2.79% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | +1.29% | |
| Price / MAexp100: | +2.22% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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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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