ARPA - ARPA/USD - 1H - Technical analysis published on 01/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
72%
11%
17%
My opinion
Bullish above 0.054723 USD
My targets
0.059679 USD (+0.13%)
0.063695 USD (+6.87%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for ARPA CHAIN - ARPA/USD as long as the price remains well above 0.054723 USD. The buyers' bullish objective is set at 0.059679 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.063695 USD. If there is any crossing, the next objective would be the resistance located at 0.072907 USD.
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
0
10
3.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ARPA CHAIN - ARPA/USD price is 0.059603 USD. The price is lower by -0.14% since the last closing and was between 0.057999 USD and 0.060079 USD. This implies that the price is at +2.77% from its lowest and at -0.79% from its highest.0.057999
0.060079
0.059603
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of ARPA CHAIN - ARPA/USD indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.042257 | 0.049120 | 0.054700 | 0.059603 | 0.059798 | 0.063695 | 0.072907 |
| Change (%) | -29.10% | -17.59% | -8.23% | - | +0.33% | +6.87% | +22.32% |
| Change | -0.017346 | -0.010483 | -0.004903 | - | +0.000195 | +0.004092 | +0.013304 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Major |
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 | 0.056091 | 0.056847 | 0.058266 | 0.059022 | 0.060441 | 0.061197 | 0.062616 |
| Camarilla | 0.059086 | 0.059285 | 0.059485 | 0.059684 | 0.059883 | 0.060083 | 0.060282 |
| Woodie | 0.056422 | 0.057013 | 0.058597 | 0.059188 | 0.060772 | 0.061363 | 0.062947 |
| Fibonacci | 0.056847 | 0.057678 | 0.058192 | 0.059022 | 0.059853 | 0.060367 | 0.061197 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.046217 | 0.054654 | 0.059679 | 0.068116 | 0.073141 | 0.081578 | 0.086603 |
| Camarilla | 0.061001 | 0.062235 | 0.063469 | 0.064703 | 0.065937 | 0.067171 | 0.068405 |
| Woodie | 0.044510 | 0.053801 | 0.057972 | 0.067263 | 0.071434 | 0.080725 | 0.084896 |
| Fibonacci | 0.054654 | 0.059797 | 0.062974 | 0.068116 | 0.073259 | 0.076436 | 0.081578 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.027712 | 0.037058 | 0.045377 | 0.054723 | 0.063042 | 0.072388 | 0.080707 |
| Camarilla | 0.048838 | 0.050457 | 0.052077 | 0.053696 | 0.055315 | 0.056935 | 0.058554 |
| Woodie | 0.027199 | 0.036801 | 0.044864 | 0.054466 | 0.062529 | 0.072131 | 0.080194 |
| Fibonacci | 0.037058 | 0.043806 | 0.047975 | 0.054723 | 0.061471 | 0.065640 | 0.072388 |
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): | 57.26 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 0.001874 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.059251 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.058200 | |
| Elder Ray (13): | 0.000410 | |
| Super Trend (3,10): | 0.058096 | |
| Zig ZAG (10): | 0.059607 | |
| VORTEX (21): | 1.0369 | |
| Stochastique (14,3,5): | 87.44 | |
| TEMA (21): | 0.059282 | |
| Williams %R (14): | -10.93 | |
| Chande Momentum Oscillator (20): | -0.000096 | |
| Repulse (5,40,3): | 0.3367 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0083 | |
| Courbe Coppock: | 1.02 |
| MA7: | 0.061899 | |
| MA20: | 0.065374 | |
| MA50: | 0.059056 | |
| MA100: | 0.053790 | |
| MAexp7: | 0.059297 | |
| MAexp20: | 0.059161 | |
| MAexp50: | 0.059256 | |
| MAexp100: | 0.060372 | |
| Price / MA7: | -3.71% | |
| Price / MA20: | -8.83% | |
| Price / MA50: | +0.93% | |
| Price / MA100: | +10.81% | |
| Price / MAexp7: | +0.52% | |
| Price / MAexp20: | +0.75% | |
| Price / MAexp50: | +0.59% | |
| Price / MAexp100: | -1.27% |
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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