PERPETUAL PROTOCOL - PERP/USD - 1H - Technical analysis published on 10/31/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 0.619444 USD
My targets
0.592013 USD (-2.32%)
0.558450 USD (-7.86%)
My analysis
PERPETUAL PROTOCOL - PERP/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.619444 USD. The next support located at 0.592013 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.558450 USD. Below this support, sellers could then target 0.539081 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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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 price is 0.606099 USD. The price is lower by -0.21% since the last closing with the lowest point at 0.604606 USD and the highest point at 0.621901 USD. The deviation from the price is +0.25% for the low point and -2.54% for the high point.0.604606
0.621901
0.606099
Here is a more detailed summary of the historical variations registered by PERPETUAL PROTOCOL - PERP/USD:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of PERPETUAL PROTOCOL - PERP/USD indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
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:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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 resistance of triangle
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.539081 | 0.558450 | 0.592013 | 0.606099 | 0.607173 | 0.619444 | 0.633614 |
| Change (%) | -11.06% | -7.86% | -2.32% | - | +0.18% | +2.20% | +4.54% |
| Change | -0.067018 | -0.047649 | -0.014086 | - | +0.001074 | +0.013345 | +0.027515 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | 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 | 0.577337 | 0.588271 | 0.597835 | 0.608769 | 0.618333 | 0.629267 | 0.638831 |
| Camarilla | 0.601762 | 0.603641 | 0.605520 | 0.607399 | 0.609278 | 0.611157 | 0.613036 |
| Woodie | 0.576652 | 0.587929 | 0.597150 | 0.608427 | 0.617648 | 0.628925 | 0.638146 |
| Fibonacci | 0.588271 | 0.596101 | 0.600939 | 0.608769 | 0.616599 | 0.621437 | 0.629267 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.442620 | 0.487683 | 0.553543 | 0.598606 | 0.664466 | 0.709529 | 0.775389 |
| Camarilla | 0.588900 | 0.599068 | 0.609236 | 0.619404 | 0.629572 | 0.639740 | 0.649908 |
| Woodie | 0.453020 | 0.492882 | 0.563943 | 0.603805 | 0.674866 | 0.714728 | 0.785789 |
| Fibonacci | 0.487683 | 0.530055 | 0.556233 | 0.598606 | 0.640978 | 0.667156 | 0.709529 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.443867 | 0.509634 | 0.563367 | 0.629134 | 0.682867 | 0.748634 | 0.802367 |
| Camarilla | 0.584239 | 0.595193 | 0.606147 | 0.617101 | 0.628055 | 0.639009 | 0.649964 |
| Woodie | 0.437851 | 0.506626 | 0.557351 | 0.626126 | 0.676851 | 0.745626 | 0.796351 |
| Fibonacci | 0.509634 | 0.555283 | 0.583485 | 0.629134 | 0.674783 | 0.702985 | 0.748634 |
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): | 44.76 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | 0.467052 | |
| AROON (14): | 71.428572 | |
| DEMA (21): | 0.610394 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.621901 | |
| Elder Ray (13): | -0.001664 | |
| Super Trend (3,10): | 0.622065 | |
| Zig ZAG (10): | 0.605107 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 59.94 | |
| TEMA (21): | 0.610165 | |
| Williams %R (14): | -74.43 | |
| Chande Momentum Oscillator (20): | -0.000592 | |
| Repulse (5,40,3): | -2.1479 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0245 | |
| Courbe Coppock: | 0.20 |
| MA7: | 0.611117 | |
| MA20: | 0.568990 | |
| MA50: | 0.587846 | |
| MA100: | 0.556681 | |
| MAexp7: | 0.611387 | |
| MAexp20: | 0.611666 | |
| MAexp50: | 0.612282 | |
| MAexp100: | 0.608369 | |
| Price / MA7: | -0.82% | |
| Price / MA20: | +6.52% | |
| Price / MA50: | +3.11% | |
| Price / MA100: | +8.88% | |
| Price / MAexp7: | -0.86% | |
| Price / MAexp20: | -0.91% | |
| Price / MAexp50: | -1.01% | |
| Price / MAexp100: | -0.37% |
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.
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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