Londinia Opportunities Analyses - 12/03/2021 (GMT) ARPA CHAIN - ARPA/USDT - 1H

ARPA CHAIN - ARPA/USDT
- USDT (-)
- Real time data - Cryptocompare
Type: Cryptocurrencies
Ticker: ARPAUSDT
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 bearish
Underlying: Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 0.144813 USDT
My targets
0.136300 USDT (-3.20%)
0.132100 USDT (-6.18%)
My analysis
ARPA CHAIN - ARPA/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.144813 USDT. The next support located at 0.136300 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.132100 USDT. Below this support, sellers could then target 0.093890 USDT. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9

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Additional analysis

Quotes

ARPA CHAIN - ARPA/USDT rating 0.140800 USDT. The price registered a decrease of -4.28% on the session and was between 0.137800 USDT and 0.150600 USDT. This implies that the price is at +2.18% from its lowest and at -6.51% from its highest.

0.137800
0.150600
0.140800

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

Central Gaps

Bearish opening

Type : Bearish

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this ARPA CHAIN - ARPA/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.093890 0.132100 0.136300 0.140800 0.141350 0.144813 0.153389
Change (%) -33.32% -6.18% -3.20% - +0.39% +2.85% +8.94%
Change -0.046910 -0.008700 -0.004500 - +0.000550 +0.004013 +0.012589
Level Intermediate Major Intermediate - Minor Major 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
Standard0.1253000.1345000.1408000.1500000.1563000.1655000.171800
Camarilla0.1428380.1442580.1456790.1471000.1485210.1499420.151363
Woodie0.1238500.1337750.1393500.1492750.1548500.1647750.170350
Fibonacci0.1345000.1404210.1440790.1500000.1559210.1595790.165500


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0630000.0992000.1231000.1593000.1832000.2194000.243300
Camarilla0.1304730.1359820.1414910.1470000.1525090.1580180.163528
Woodie0.0568500.0961250.1169500.1562250.1770500.2163250.237150
Fibonacci0.0992000.1221580.1363420.1593000.1822580.1964420.219400


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0504330.0408330.0924670.1837330.2353670.3266330.378267
Camarilla0.1048030.1179020.1310010.1441000.1571990.1702980.183398
Woodie-0.0702500.0309250.0726500.1738250.2155500.3167250.358450
Fibonacci0.0408330.0954210.1291460.1837330.2383210.2720460.326633

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): 32.97
MACD (12,26,9): -0.0015
Directional Movement: -5.485022
AROON (14): -7.142861
DEMA (21): 0.143165
Parabolic SAR (0,02-0,02-0,2): 0.149832
Elder Ray (13): -0.003421
Super Trend (3,10): 0.148831
Zig ZAG (10): 0.140800
VORTEX (21): 0.8850
Stochastique (14,3,5): 23.18
TEMA (21): 0.142356
Williams %R (14): -75.00
Chande Momentum Oscillator (20): -0.005200
Repulse (5,40,3): -1.3082
ROCnROLL: 2
TRIX (15,9): -0.0941
Courbe Coppock: 3.60
MA7: 0.148114
MA20: 0.160135
MA50: 0.161524
MA100: 0.119908
MAexp7: 0.142958
MAexp20: 0.144886
MAexp50: 0.146456
MAexp100: 0.147332
Price / MA7: -4.94%
Price / MA20: -12.07%
Price / MA50: -12.83%
Price / MA100: +17.42%
Price / MAexp7: -1.51%
Price / MAexp20: -2.82%
Price / MAexp50: -3.86%
Price / MAexp100: -4.43%

Quotes : - Real time data - Cryptocompare