PROPY - PRO/USD
PROPY - PRO/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: PROUSD
ISIN:

PROPY - PRO/USD - 1H - Technical analysis published on 11/13/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.31 USD
My targets
1.55 USD (+3.81%)
1.75 USD (+17.32%)
My analysis
PROPY - PRO/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.31 USD. The next resistance located at 1.55 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.75 USD. After this resistance, buyers could then target 2.06 USD.

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
6.3

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:
15 min. Daily Weekly

Additional analysis

Quotes

PROPY - PRO/USD rating 1.49 USD. The price has increased by +13.74% since the last closing with the lowest point at 1.22 USD and the highest point at 1.65 USD. The deviation from the price is +22.13% for the low point and -9.70% for the high point.

1.22
1.65
1.49

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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 an item:

Central Records

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Abnormal volumes on PROPY - PRO/USD were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days

Technical


A technical analysis in 1H of this PROPY - PRO/USD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


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.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.96 1.07 1.31 1.49 1.55 1.75 2.06
Change (%) -35.75% -28.19% -11.88% - +3.81% +17.32% +38.57%
Change -0.53 -0.42 -0.18 - +0.06 +0.26 +0.57
Level Minor Minor Major - Major Minor 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
Standard1.141.221.271.351.401.481.53
Camarilla1.271.291.301.311.321.331.35
Woodie1.121.211.251.341.381.471.51
Fibonacci1.221.271.301.351.401.431.48


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.140.351.021.512.182.673.34
Camarilla1.371.481.581.691.801.902.01
Woodie-0.050.401.111.562.272.723.43
Fibonacci0.350.791.071.511.952.232.67


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.670.790.840.961.011.131.18
Camarilla0.850.870.880.900.920.930.95
Woodie0.650.770.820.940.991.111.16
Fibonacci0.790.850.890.961.021.061.13

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): 71.12
MACD (12,26,9): -0.0200
Directional Movement: 45.63
AROON (14): 64.29
DEMA (21): 1.27
Parabolic SAR (0,02-0,02-0,2): 1.23
Elder Ray (13): 0.19
Super Trend (3,10): 1.31
Zig ZAG (10): 1.49
VORTEX (21): 1.0400
Stochastique (14,3,5): 68.52
TEMA (21): 1.28
Williams %R (14): -42.72
Chande Momentum Oscillator (20): 0.18
Repulse (5,40,3): 9.6700
ROCnROLL: 1
TRIX (15,9): -0.5800
Courbe Coppock: 2.37
MA7: 1.36
MA20: 1.06
MA50: 1.01
MA100: 1.06
MAexp7: 1.32
MAexp20: 1.31
MAexp50: 1.37
MAexp100: 1.35
Price / MA7: +9.56%
Price / MA20: +40.57%
Price / MA50: +47.52%
Price / MA100: +40.57%
Price / MAexp7: +12.88%
Price / MAexp20: +13.74%
Price / MAexp50: +8.76%
Price / MAexp100: +10.37%

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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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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