Londinia Opportunities Analyses - 01/22/2022 (GMT) PAX GOLD - PAXG/BTC - 1H
| Type: | Cryptocurrencies |
| Ticker: | PAXGBTC |
| ISIN: |
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.048803 BTC
My targets
0.055130 BTC (+8.03%)
0.060710 BTC (+18.97%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PAX GOLD - PAXG/BTC as long as the price remains well above 0.048803 BTC. The buyers' bullish objective is set at 0.055130 BTC. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.060710 BTC. If there is any crossing, the next objective would be the resistance located at 0.152000 BTC. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
PAX GOLD - PAXG/BTC rating 0.051030 BTC. On the day, this instrument gained +1.09% and was traded between 0.050029 BTC and 0.051035 BTC over the period. The price is currently at +2.00% from its lowest and -0.01% from its highest.0.050029
0.051035
0.051030
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PAX GOLD - PAXG/BTC:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of PAX GOLD - PAXG/BTC indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Downside gap
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.044525 | 0.047560 | 0.048803 | 0.051030 | 0.055130 | 0.060710 | 0.152000 |
| Change (%) | -12.75% | -6.80% | -4.36% | - | +8.03% | +18.97% | +197.86% |
| Change | -0.006505 | -0.003470 | -0.002227 | - | +0.004100 | +0.009680 | +0.100970 |
| Level | Intermediate | Minor | Minor | - | Minor | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.039526 | 0.042229 | 0.046355 | 0.049058 | 0.053184 | 0.055887 | 0.060013 |
| Camarilla | 0.048602 | 0.049228 | 0.049854 | 0.050480 | 0.051106 | 0.051732 | 0.052358 |
| Woodie | 0.040237 | 0.042585 | 0.047066 | 0.049414 | 0.053895 | 0.056243 | 0.060724 |
| Fibonacci | 0.042229 | 0.044838 | 0.046450 | 0.049058 | 0.051667 | 0.053279 | 0.055887 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.036572 | 0.038905 | 0.040602 | 0.042935 | 0.044632 | 0.046965 | 0.048662 |
| Camarilla | 0.041191 | 0.041560 | 0.041930 | 0.042299 | 0.042668 | 0.043038 | 0.043407 |
| Woodie | 0.036254 | 0.038746 | 0.040284 | 0.042776 | 0.044314 | 0.046806 | 0.048344 |
| Fibonacci | 0.038905 | 0.040445 | 0.041396 | 0.042935 | 0.044475 | 0.045426 | 0.046965 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.026958 | 0.029986 | 0.034825 | 0.037853 | 0.042692 | 0.045720 | 0.050559 |
| Camarilla | 0.037502 | 0.038223 | 0.038944 | 0.039665 | 0.040386 | 0.041107 | 0.041828 |
| Woodie | 0.027865 | 0.030439 | 0.035732 | 0.038306 | 0.043599 | 0.046173 | 0.051466 |
| Fibonacci | 0.029986 | 0.032991 | 0.034848 | 0.037853 | 0.040858 | 0.042715 | 0.045720 |
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): | 68.49 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | 24.270632 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.050583 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.048709 | |
| Elder Ray (13): | 0.000741 | |
| Super Trend (3,10): | 0.048127 | |
| Zig ZAG (10): | 0.050338 | |
| VORTEX (21): | 1.1929 | |
| Stochastique (14,3,5): | 71.54 | |
| TEMA (21): | 0.050920 | |
| Williams %R (14): | -29.65 | |
| Chande Momentum Oscillator (20): | 0.002748 | |
| Repulse (5,40,3): | -0.2726 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3561 | |
| Courbe Coppock: | 10.94 |
| MA7: | 0.045565 | |
| MA20: | 0.043277 | |
| MA50: | 0.039601 | |
| MA100: | 0.034735 | |
| MAexp7: | 0.050205 | |
| MAexp20: | 0.049022 | |
| MAexp50: | 0.047165 | |
| MAexp100: | 0.045696 | |
| Price / MA7: | +11.99% | |
| Price / MA20: | +17.91% | |
| Price / MA50: | +28.86% | |
| Price / MA100: | +46.91% | |
| Price / MAexp7: | +1.64% | |
| Price / MAexp20: | +4.10% | |
| Price / MAexp50: | +8.19% | |
| Price / MAexp100: | +11.67% |
Quotes :
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Real time data
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Cryptocompare