PERPETUAL PROTOCOL - PERP/USD - 1H - Technical analysis published on 08/28/2023 (GMT)
- 130
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.413260 USD
My targets
0.426367 USD (+1.81%)
0.430900 USD (+2.89%)
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 0.413260 USD. The buyers' bullish objective is set at 0.426367 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.430900 USD. If there is any crossing, the next objective would be the resistance located at 0.524382 USD.
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
6.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 0.418800 USD. The price registered an increase of +1.58% on the session and was traded between 0.410700 USD and 0.419000 USD over the period. The price is currently at +1.97% from its lowest and -0.05% from its highest.0.410700
0.419000
0.418800
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this PERPETUAL PROTOCOL - PERP/USD chart shows a bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.409900 | 0.413260 | 0.418415 | 0.418800 | 0.426367 | 0.430900 | 0.524382 |
| Change (%) | -2.13% | -1.32% | -0.09% | - | +1.81% | +2.89% | +25.21% |
| Change | -0.008900 | -0.005540 | -0.000385 | - | +0.007567 | +0.012100 | +0.105582 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.387533 | 0.393167 | 0.402733 | 0.408367 | 0.417933 | 0.423567 | 0.433133 |
| Camarilla | 0.408120 | 0.409513 | 0.410907 | 0.412300 | 0.413693 | 0.415087 | 0.416480 |
| Woodie | 0.389500 | 0.394150 | 0.404700 | 0.409350 | 0.419900 | 0.424550 | 0.435100 |
| Fibonacci | 0.393167 | 0.398973 | 0.402560 | 0.408367 | 0.414173 | 0.417760 | 0.423567 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.353567 | 0.373133 | 0.388167 | 0.407733 | 0.422767 | 0.442333 | 0.457367 |
| Camarilla | 0.393685 | 0.396857 | 0.400028 | 0.403200 | 0.406372 | 0.409543 | 0.412715 |
| Woodie | 0.351300 | 0.372000 | 0.385900 | 0.406600 | 0.420500 | 0.441200 | 0.455100 |
| Fibonacci | 0.373133 | 0.386351 | 0.394516 | 0.407733 | 0.420951 | 0.429116 | 0.442333 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 66.36 | |
| MACD (12,26,9): | 0.0025 | |
| Directional Movement: | 33.266720 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.411466 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.407971 | |
| Elder Ray (13): | 0.004067 | |
| Super Trend (3,10): | 0.408473 | |
| Zig ZAG (10): | 0.414200 | |
| VORTEX (21): | 1.3357 | |
| Stochastique (14,3,5): | 95.37 | |
| TEMA (21): | 0.414345 | |
| Williams %R (14): | -2.56 | |
| Chande Momentum Oscillator (20): | 0.012600 | |
| Repulse (5,40,3): | 0.8375 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0516 | |
| Courbe Coppock: | 5.79 |
| MA7: | 0.412429 | |
| MA20: | 0.451605 | |
| MA50: | 0.481442 | |
| MA100: | 0.497471 | |
| MAexp7: | 0.412332 | |
| MAexp20: | 0.408812 | |
| MAexp50: | 0.407790 | |
| MAexp100: | 0.409538 | |
| Price / MA7: | +1.54% | |
| Price / MA20: | -7.26% | |
| Price / MA50: | -13.01% | |
| Price / MA100: | -15.81% | |
| Price / MAexp7: | +1.57% | |
| Price / MAexp20: | +2.44% | |
| Price / MAexp50: | +2.70% | |
| Price / MAexp100: | +2.26% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis PERPETUAL PROTOCOL - PERP/USD - 1H