PERPETUAL PROTOCOL - PERP/USD - 1H - Technical analysis published on 12/05/2023 (GMT)
- 139
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- 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
67%
6%
28%
My opinion
Bullish above 0.688022 USD
My targets
0.738101 USD (+5.36%)
0.816943 USD (+16.62%)
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 0.688022 USD. The buyers' bullish objective is set at 0.738101 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.816943 USD. If there is any crossing, the next objective would be the resistance located at 1.153667 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.7
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 0.700522 USD. On the day, this instrument lost -0.11% and was traded between 0.684335 USD and 0.710989 USD over the period. The price is currently at +2.37% from its lowest and -1.47% from its highest.0.684335
0.710989
0.700522
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 strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.644559 | 0.662962 | 0.688022 | 0.700522 | 0.704565 | 0.738101 | 1.153667 |
| Change (%) | -7.99% | -5.36% | -1.78% | - | +0.58% | +5.36% | +64.69% |
| Change | -0.055963 | -0.037560 | -0.012500 | - | +0.004043 | +0.037579 | +0.453145 |
| Level | Major | Minor | Minor | - | Minor | Intermediate | Major |
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 | 0.577929 | 0.617004 | 0.659154 | 0.698229 | 0.740379 | 0.779454 | 0.821604 |
| Camarilla | 0.678967 | 0.686413 | 0.693858 | 0.701304 | 0.708750 | 0.716195 | 0.723641 |
| Woodie | 0.579467 | 0.617773 | 0.660692 | 0.698998 | 0.741917 | 0.780223 | 0.823142 |
| Fibonacci | 0.617004 | 0.648032 | 0.667201 | 0.698229 | 0.729257 | 0.748426 | 0.779454 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.513631 | 0.562705 | 0.640750 | 0.689824 | 0.767869 | 0.816943 | 0.894988 |
| Camarilla | 0.683837 | 0.695490 | 0.707142 | 0.718795 | 0.730448 | 0.742100 | 0.753753 |
| Woodie | 0.528117 | 0.569948 | 0.655236 | 0.697067 | 0.782355 | 0.824186 | 0.909474 |
| Fibonacci | 0.562705 | 0.611265 | 0.641265 | 0.689824 | 0.738384 | 0.768384 | 0.816943 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.285641 | 0.420949 | 0.527527 | 0.662835 | 0.769413 | 0.904721 | 1.011299 |
| Camarilla | 0.567586 | 0.589759 | 0.611932 | 0.634105 | 0.656278 | 0.678451 | 0.700624 |
| Woodie | 0.271276 | 0.413767 | 0.513162 | 0.655653 | 0.755048 | 0.897539 | 0.996934 |
| Fibonacci | 0.420949 | 0.513350 | 0.570435 | 0.662835 | 0.755236 | 0.812321 | 0.904721 |
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): | 55.38 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | 6.760174 | |
| AROON (14): | -14.285714 | |
| DEMA (21): | 0.695963 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.666124 | |
| Elder Ray (13): | 0.005469 | |
| Super Trend (3,10): | 0.718808 | |
| Zig ZAG (10): | 0.705113 | |
| VORTEX (21): | 1.0557 | |
| Stochastique (14,3,5): | 47.81 | |
| TEMA (21): | 0.695611 | |
| Williams %R (14): | -22.05 | |
| Chande Momentum Oscillator (20): | 0.004210 | |
| Repulse (5,40,3): | 2.1004 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0187 | |
| Courbe Coppock: | 1.34 |
| MA7: | 0.676377 | |
| MA20: | 0.649567 | |
| MA50: | 0.625478 | |
| MA100: | 0.617827 | |
| MAexp7: | 0.696655 | |
| MAexp20: | 0.696388 | |
| MAexp50: | 0.694997 | |
| MAexp100: | 0.686313 | |
| Price / MA7: | +3.57% | |
| Price / MA20: | +7.84% | |
| Price / MA50: | +12.00% | |
| Price / MA100: | +13.38% | |
| Price / MAexp7: | +0.56% | |
| Price / MAexp20: | +0.59% | |
| Price / MAexp50: | +0.79% | |
| Price / MAexp100: | +2.07% |
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