Londinia Opportunities Analyses - 09/16/2021 (GMT) PHALA NETWORK (X100) - PHA/BTC - 1H

PHALA NETWORK (X100) - PHA/BTC
- BTC (-)
- Real time data - Cryptocompare
Type: Cryptocurrencies
Ticker: PHABTC
ISIN:

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
  • Cryptocurrencies
  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.002200 BTC
My targets
0.002336 BTC (+3.64%)
0.002466 BTC (+9.41%)
My analysis
PHALA NETWORK (X100) - PHA/BTC 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 0.002200 BTC. The next resistance located at 0.002336 BTC is the next bullish objective 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 0.002466 BTC. After this resistance, buyers could then target 0.002706 BTC. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
8.6

Analysis too old. There are no more charts available.

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.

Additional analysis

Quotes

The PHALA NETWORK (X100) - PHA/BTC price is 0.002254 BTC. The price has increased by +0.90% since the last closing and was traded between 0.002140 BTC and 0.002283 BTC over the period. The price is currently at +5.33% from its lowest and -1.27% from its highest.

0.002140
0.002283
0.002254

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by PHALA NETWORK (X100) - PHA/BTC:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this PHALA NETWORK (X100) - PHA/BTC chart shows a strongly bullish trend. 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.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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 bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.001946 0.002012 0.002200 0.002254 0.002336 0.002706 0.002882
Change (%) -13.66% -10.74% -2.40% - +3.64% +20.05% +27.86%
Change -0.000308 -0.000242 -0.000054 - +0.000082 +0.000452 +0.000628
Level Major Minor Intermediate - Minor Minor Major



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
Standard0.0014060.0016230.0019280.0021450.0024500.0026670.002972
Camarilla0.0020910.0021380.0021860.0022340.0022820.0023300.002378
Woodie0.0014510.0016450.0019730.0021670.0024950.0026890.003017
Fibonacci0.0016230.0018220.0019450.0021450.0023440.0024670.002667


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0009940.0012860.0015840.0018760.0021740.0024660.002764
Camarilla0.0017200.0017740.0018280.0018820.0019360.0019900.002044
Woodie0.0009970.0012880.0015870.0018780.0021770.0024680.002767
Fibonacci0.0012860.0015110.0016510.0018760.0021010.0022410.002466


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0011260.0013630.0015870.0018240.0020480.0022850.002509
Camarilla0.0016840.0017270.0017690.0018110.0018530.0018960.001938
Woodie0.0011200.0013600.0015810.0018210.0020420.0022820.002503
Fibonacci0.0013630.0015390.0016480.0018240.0020000.0021090.002285

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 60.87
MACD (12,26,9): 0.0001
Directional Movement: 31.102909
AROON (14): 49.999999
DEMA (21): 0.002188
Parabolic SAR (0,02-0,02-0,2): 0.002156
Elder Ray (13): 0.000065
Super Trend (3,10): 0.002046
Zig ZAG (10): 0.002188
VORTEX (21): 1.1365
Stochastique (14,3,5): 64.74
TEMA (21): 0.002238
Williams %R (14): -30.72
Chande Momentum Oscillator (20): 0.000253
Repulse (5,40,3): 2.0137
ROCnROLL: 1
TRIX (15,9): 0.4862
Courbe Coppock: 22.76
MA7: 0.001983
MA20: 0.001836
MA50: 0.001821
MA100: 0.002048
MAexp7: 0.002197
MAexp20: 0.002092
MAexp50: 0.002000
MAexp100: 0.001947
Price / MA7: +13.67%
Price / MA20: +22.77%
Price / MA50: +23.78%
Price / MA100: +10.06%
Price / MAexp7: +2.59%
Price / MAexp20: +7.74%
Price / MAexp50: +12.70%
Price / MAexp100: +15.77%

Quotes : - Real time data - Cryptocompare