PERPETUAL PROTOCOL - PERP/USD - 1H - Technical analysis published on 12/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.200610 USD
My targets
3.789000 USD (+182.73%)
5.414000 USD (+303.99%)
My analysis
The bullish trend is currently very strong on PERPETUAL PROTOCOL - PERP/USD. As long as the price remains above the support at 1.200610 USD, you could try to benefit from the boom. The first bullish objective is located at 3.789000 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.414000 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.8
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Additional analysis
Quotes
The PERPETUAL PROTOCOL - PERP/USD price is 1.340133 USD. The price registered an increase of +54.27% on the session and was between 0.868423 USD and 1.589240 USD. This implies that the price is at +54.32% from its lowest and at -15.67% from its highest.0.868423
1.589240
1.340133
Here is a more detailed summary of the historical variations registered by PERPETUAL PROTOCOL - PERP/USD:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of PERPETUAL PROTOCOL - PERP/USD indicates that the overall trend is strongly bullish. 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 scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.890788 | 0.927371 | 1.153667 | 1.340133 | 3.789000 | 5.414000 |
| Change (%) | -33.53% | -30.80% | -13.91% | - | +182.73% | +303.99% |
| Change | -0.449345 | -0.412762 | -0.186466 | - | +2.448867 | +4.073867 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor |
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 | 0.777491 | 0.802652 | 0.835677 | 0.860838 | 0.893863 | 0.919024 | 0.952049 |
| Camarilla | 0.852700 | 0.858034 | 0.863367 | 0.868701 | 0.874035 | 0.879368 | 0.884702 |
| Woodie | 0.781422 | 0.804618 | 0.839608 | 0.862804 | 0.897794 | 0.920990 | 0.955980 |
| Fibonacci | 0.802652 | 0.824879 | 0.838611 | 0.860838 | 0.883065 | 0.896797 | 0.919024 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.428497 | 0.549249 | 0.685868 | 0.806620 | 0.943239 | 1.063991 | 1.200610 |
| Camarilla | 0.751711 | 0.775303 | 0.798896 | 0.822488 | 0.846080 | 0.869673 | 0.893265 |
| Woodie | 0.436432 | 0.553216 | 0.693803 | 0.810587 | 0.951174 | 1.067958 | 1.208545 |
| Fibonacci | 0.549249 | 0.647564 | 0.708304 | 0.806620 | 0.904935 | 0.965675 | 1.063991 |
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): | 79.50 | |
| MACD (12,26,9): | 0.1128 | |
| Directional Movement: | 55.860441 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 1.165719 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.161535 | |
| Elder Ray (13): | 0.215238 | |
| Super Trend (3,10): | 1.126591 | |
| Zig ZAG (10): | 1.340133 | |
| VORTEX (21): | 1.3302 | |
| Stochastique (14,3,5): | 67.93 | |
| TEMA (21): | 1.253966 | |
| Williams %R (14): | -34.24 | |
| Chande Momentum Oscillator (20): | 0.471432 | |
| Repulse (5,40,3): | 8.5826 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.9359 | |
| Courbe Coppock: | 75.05 |
| MA7: | 0.914343 | |
| MA20: | 0.791416 | |
| MA50: | 0.709816 | |
| MA100: | 0.649270 | |
| MAexp7: | 1.208749 | |
| MAexp20: | 1.041830 | |
| MAexp50: | 0.937285 | |
| MAexp100: | 0.883385 | |
| Price / MA7: | +46.57% | |
| Price / MA20: | +69.33% | |
| Price / MA50: | +88.80% | |
| Price / MA100: | +106.41% | |
| Price / MAexp7: | +10.87% | |
| Price / MAexp20: | +28.63% | |
| Price / MAexp50: | +42.98% | |
| Price / MAexp100: | +51.70% |
Quotes :
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Real time data
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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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