PROPY - PRO/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Low:	-
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Type:	Cryptocurrencies
Ticker:	PROUSD
ISIN:

PROPY - PRO/USD - 1H - Technical analysis published on 11/08/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.983667 USD

My targets

1.066533 USD (+3.88%)

1.123067 USD (+9.39%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PROPY - PRO/USD as long as the price remains well above 0.983667 USD. The buyers' bullish objective is set at 1.066533 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.123067 USD. If there is any crossing, the next objective would be the resistance located at 1.313000 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 overbought items that could be a sign of a possible short-term correction.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

Comment on the analysis

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

The PROPY - PRO/USD rating is 1.026700 USD. The price has increased by +9.67% since the last closing and was traded between 0.897000 USD and 1.070000 USD over the period. The price is currently at +14.46% from its lowest and -4.05% from its highest.

0.897000

1.070000

1.026700

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this PROPY - PRO/USD chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Three white soldiers

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.855200	0.875825	0.904908	1.026700	1.313000	2.493000	3.282100
Change (%)	-16.70%	-14.70%	-11.86%	-	+27.89%	+142.82%	+219.67%
Change	-0.171500	-0.150875	-0.121792	-	+0.286300	+1.466300	+2.255400
Level	Minor	Minor	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	0.741200	0.798200	0.867200	0.924200	0.993200	1.050200	1.119200
Camarilla	0.901550	0.913100	0.924650	0.936200	0.947750	0.959300	0.970850
Woodie	0.747200	0.801200	0.873200	0.927200	0.999200	1.053200	1.125200
Fibonacci	0.798200	0.846332	0.876068	0.924200	0.972332	1.002068	1.050200

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.704867	0.787733	0.844267	0.927133	0.983667	1.066533	1.123067
Camarilla	0.862465	0.875243	0.888022	0.900800	0.913578	0.926357	0.939135
Woodie	0.691700	0.781150	0.831100	0.920550	0.970500	1.059950	1.109900
Fibonacci	0.787733	0.840984	0.873883	0.927133	0.980384	1.013283	1.066533

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.668200	0.782100	0.841400	0.955300	1.014600	1.128500	1.187800
Camarilla	0.853070	0.868947	0.884823	0.900700	0.916577	0.932453	0.948330
Woodie	0.640900	0.768450	0.814100	0.941650	0.987300	1.114850	1.160500
Fibonacci	0.782100	0.848262	0.889138	0.955300	1.021462	1.062338	1.128500

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):	72.26
MACD (12,26,9):	0.0166
Directional Movement:	27.286775
AROON (14):	28.571429
DEMA (21):	0.958684
Parabolic SAR (0,02-0,02-0,2):	0.899196
Elder Ray (13):	0.063432
Super Trend (3,10):	0.929979
Zig ZAG (10):	1.034900
VORTEX (21):	0.9951
Stochastique (14,3,5):	95.62
TEMA (21):	0.973965
Williams %R (14):	-8.02
Chande Momentum Oscillator (20):	0.112800
Repulse (5,40,3):	11.3974
ROCnROLL:	1
TRIX (15,9):	0.1346
Courbe Coppock:	7.92

MA7:	0.911486
MA20:	0.922480
MA50:	0.960670
MA100:	1.047187
MAexp7:	0.970046
MAexp20:	0.938871
MAexp50:	0.918818
MAexp100:	0.906745
Price / MA7:	+12.64%
Price / MA20:	+11.30%
Price / MA50:	+6.87%
Price / MA100:	-1.96%
Price / MAexp7:	+6.39%
Price / MAexp20:	+9.92%
Price / MAexp50:	+12.32%
Price / MAexp100:	+13.81%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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