PROPY - PRO/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	PROUSD
ISIN:

PROPY - PRO/USD - 1H - Technical analysis published on 03/05/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bearish

Technical indicators

22%

44%

33%

My opinion

Bearish under 0.571900 USD

My targets

0.522200 USD (-3.26%)

0.502740 USD (-6.87%)

My analysis

The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade PROPY - PRO/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.571900 USD. The next bearish objective for sellers is set at 0.522200 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.502740 USD. In case of crossing, the next objective would be the support located at 0.475000 USD. In the event of a bullish break in the resistance located at 0.571900 USD a certain indecision would take hold.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

3.2

Comment on the analysis

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The PROPY - PRO/USD rating is 0.539800 USD. The price is lower by -0.41% since the last closing and was between 0.526400 USD and 0.599000 USD. This implies that the price is at +2.55% from its lowest and at -9.88% from its highest.

0.526400

0.599000

0.539800

A study of price movements over other periods shows the following variations:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in 1H of this PROPY - PRO/USD chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.502740	0.522200	0.537269	0.539800	0.571900	0.600400	0.617533
Change (%)	-6.87%	-3.26%	-0.47%	-	+5.95%	+11.23%	+14.40%
Change	-0.037060	-0.017600	-0.002531	-	+0.032100	+0.060600	+0.077733
Level	Intermediate	Minor	Major	-	Minor	Minor	Minor

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	0.365067	0.450733	0.496367	0.582033	0.627667	0.713333	0.758967
Camarilla	0.505893	0.517928	0.529964	0.542000	0.554036	0.566072	0.578108
Woodie	0.345050	0.440725	0.476350	0.572025	0.607650	0.703325	0.738950
Fibonacci	0.450733	0.500890	0.531877	0.582033	0.632190	0.663177	0.713333

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.347533	0.411267	0.472933	0.536667	0.598333	0.662067	0.723733
Camarilla	0.500115	0.511610	0.523105	0.534600	0.546095	0.557590	0.569085
Woodie	0.346500	0.410750	0.471900	0.536150	0.597300	0.661550	0.722700
Fibonacci	0.411267	0.459170	0.488764	0.536667	0.584570	0.614164	0.662067

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.251933	0.352767	0.428733	0.529567	0.605533	0.706367	0.782333
Camarilla	0.456080	0.472287	0.488493	0.504700	0.520907	0.537113	0.553320
Woodie	0.239500	0.346550	0.416300	0.523350	0.593100	0.700150	0.769900
Fibonacci	0.352767	0.420304	0.462029	0.529567	0.597104	0.638829	0.706367

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):	43.04
MACD (12,26,9):	-0.0008
Directional Movement:	4.326494
AROON (14):	21.428571
DEMA (21):	0.558855
Parabolic SAR (0,02-0,02-0,2):	0.540867
Elder Ray (13):	-0.007016
Super Trend (3,10):	0.593292
Zig ZAG (10):	0.545000
VORTEX (21):	1.0005
Stochastique (14,3,5):	32.30
TEMA (21):	0.558950
Williams %R (14):	-80.39
Chande Momentum Oscillator (20):	0.007100
Repulse (5,40,3):	-4.5514
ROCnROLL:	2
TRIX (15,9):	-0.0180
Courbe Coppock:	7.89

MA7:	0.527657
MA20:	0.504330
MA50:	0.498432
MA100:	0.504108
MAexp7:	0.560088
MAexp20:	0.560073
MAexp50:	0.559476
MAexp100:	0.551263
Price / MA7:	+2.30%
Price / MA20:	+7.03%
Price / MA50:	+8.30%
Price / MA100:	+7.08%
Price / MAexp7:	-3.62%
Price / MAexp20:	-3.62%
Price / MAexp50:	-3.52%
Price / MAexp100:	-2.08%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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