PERPETUAL PROTOCOL - PERP/USD - 1H - Technical analysis published on 12/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 0.714385 USD
My targets
0.662835 USD (-6.31%)
0.625566 USD (-11.58%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PERPETUAL PROTOCOL - PERP/USD as long as the price remains well below 0.714385 USD. The next bearish objective for sellers is set at 0.662835 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.625566 USD. If there is any crossing, the next objective would be the support located at 0.559442 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PERPETUAL PROTOCOL - PERP/USD rating 0.707504 USD. The price is lower by -0.48% since the last closing with the lowest point at 0.670000 USD and the highest point at 0.733715 USD. The deviation from the price is +5.60% for the low point and -3.57% for the high point.0.670000
0.733715
0.707504
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
Here is a more detailed summary of the historical variations registered by PERPETUAL PROTOCOL - PERP/USD:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this PERPETUAL PROTOCOL - PERP/USD chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.559442 | 0.625566 | 0.661796 | 0.707504 | 0.714385 | 0.735450 | 0.782859 |
| Change (%) | -20.93% | -11.58% | -6.46% | - | +0.97% | +3.95% | +10.65% |
| Change | -0.148062 | -0.081938 | -0.045708 | - | +0.006881 | +0.027946 | +0.075355 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Major | 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 | 0.645359 | 0.676961 | 0.693936 | 0.725538 | 0.742513 | 0.774115 | 0.791090 |
| Camarilla | 0.697552 | 0.702005 | 0.706458 | 0.710911 | 0.715364 | 0.719817 | 0.724270 |
| Woodie | 0.638046 | 0.673304 | 0.686623 | 0.721881 | 0.735200 | 0.770458 | 0.783777 |
| Fibonacci | 0.676961 | 0.695517 | 0.706982 | 0.725538 | 0.744094 | 0.755559 | 0.774115 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.468290 | 0.546928 | 0.648969 | 0.727607 | 0.829648 | 0.908286 | 1.010327 |
| Camarilla | 0.701323 | 0.717886 | 0.734448 | 0.751010 | 0.767572 | 0.784135 | 0.800697 |
| Woodie | 0.479992 | 0.552779 | 0.660671 | 0.733458 | 0.841350 | 0.914137 | 1.022029 |
| Fibonacci | 0.546928 | 0.615947 | 0.658588 | 0.727607 | 0.796626 | 0.839267 | 0.908286 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.32 | |
| MACD (12,26,9): | -0.0036 | |
| Directional Movement: | -0.683042 | |
| AROON (14): | 28.571428 | |
| DEMA (21): | 0.702097 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.682528 | |
| Elder Ray (13): | 0.000392 | |
| Super Trend (3,10): | 0.725747 | |
| Zig ZAG (10): | 0.707400 | |
| VORTEX (21): | 0.9625 | |
| Stochastique (14,3,5): | 58.23 | |
| TEMA (21): | 0.705573 | |
| Williams %R (14): | -41.32 | |
| Chande Momentum Oscillator (20): | 0.012769 | |
| Repulse (5,40,3): | -0.2665 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1299 | |
| Courbe Coppock: | 1.79 |
| MA7: | 0.729756 | |
| MA20: | 0.704040 | |
| MA50: | 0.664333 | |
| MA100: | 0.627752 | |
| MAexp7: | 0.707756 | |
| MAexp20: | 0.708442 | |
| MAexp50: | 0.719286 | |
| MAexp100: | 0.726836 | |
| Price / MA7: | -3.05% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | +6.50% | |
| Price / MA100: | +12.70% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -1.64% | |
| Price / MAexp100: | -2.66% |
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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