POWERLEDGER - POWR/USDT - 1H - Technical analysis published on 01/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.501700 USDT
My targets
0.512054 USDT (+1.11%)
0.600314 USDT (+18.54%)
My analysis
The bullish trend is currently very strong on POWER LEDGER - POWR/USDT. As long as the price remains above the support at 0.501700 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.512054 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.600314 USDT as an objective. Crossing it would then enable buyers to target 0.625000 USDT. 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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This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
POWER LEDGER - POWR/USDT rating 0.506410 USDT. The price has increased by +39.82% since the last closing with the lowest point at 0.290436 USDT and the highest point at 0.518649 USDT. The deviation from the price is +74.36% for the low point and -2.36% for the high point.0.290436
0.518649
0.506410
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this POWER LEDGER - POWR/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
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
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
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
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.410000 | 0.423794 | 0.501700 | 0.506410 | 0.625000 | 0.792300 |
| Change (%) | -19.04% | -16.31% | -0.93% | - | +23.42% | +56.45% |
| Change | -0.096410 | -0.082616 | -0.004710 | - | +0.118590 | +0.285890 |
| Level | Major | Minor | Minor | - | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.314156 | 0.334081 | 0.348139 | 0.368064 | 0.382122 | 0.402047 | 0.416105 |
| Camarilla | 0.352851 | 0.355966 | 0.359081 | 0.362196 | 0.365311 | 0.368426 | 0.371541 |
| Woodie | 0.311222 | 0.332614 | 0.345205 | 0.366597 | 0.379188 | 0.400580 | 0.413171 |
| Fibonacci | 0.334081 | 0.347063 | 0.355083 | 0.368064 | 0.381046 | 0.389066 | 0.402047 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.291122 | 0.324116 | 0.357807 | 0.390801 | 0.424492 | 0.457486 | 0.491177 |
| Camarilla | 0.373161 | 0.379273 | 0.385386 | 0.391499 | 0.397612 | 0.403725 | 0.409837 |
| Woodie | 0.291472 | 0.324290 | 0.358157 | 0.390975 | 0.424842 | 0.457660 | 0.491527 |
| Fibonacci | 0.324116 | 0.349589 | 0.365327 | 0.390801 | 0.416274 | 0.432012 | 0.457486 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.118841 | 0.191072 | 0.279332 | 0.351563 | 0.439823 | 0.512054 | 0.600314 |
| Camarilla | 0.323457 | 0.338169 | 0.352880 | 0.367592 | 0.382304 | 0.397015 | 0.411727 |
| Woodie | 0.126856 | 0.195079 | 0.287347 | 0.355570 | 0.447838 | 0.516061 | 0.608329 |
| Fibonacci | 0.191072 | 0.252380 | 0.290255 | 0.351563 | 0.412871 | 0.450746 | 0.512054 |
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): | 80.16 | |
| MACD (12,26,9): | 0.0302 | |
| Directional Movement: | 10.360652 | |
| AROON (14): | 21.428571 | |
| DEMA (21): | 0.451486 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.326526 | |
| Elder Ray (13): | 0.051716 | |
| Super Trend (3,10): | 0.377691 | |
| Zig ZAG (10): | 0.501758 | |
| VORTEX (21): | 1.1832 | |
| Stochastique (14,3,5): | 91.04 | |
| TEMA (21): | 0.477883 | |
| Williams %R (14): | -3.91 | |
| Chande Momentum Oscillator (20): | 0.140909 | |
| Repulse (5,40,3): | 10.3507 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6319 | |
| Courbe Coppock: | 51.66 |
| MA7: | 0.401362 | |
| MA20: | 0.382846 | |
| MA50: | 0.335449 | |
| MA100: | 0.268413 | |
| MAexp7: | 0.464375 | |
| MAexp20: | 0.417406 | |
| MAexp50: | 0.391441 | |
| MAexp100: | 0.384752 | |
| Price / MA7: | +26.17% | |
| Price / MA20: | +32.28% | |
| Price / MA50: | +50.96% | |
| Price / MA100: | +88.67% | |
| Price / MAexp7: | +9.05% | |
| Price / MAexp20: | +21.32% | |
| Price / MAexp50: | +29.37% | |
| Price / MAexp100: | +31.62% |
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.
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