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 03/29/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 2.13 USD

My targets

2.49 USD (+4.18%)

2.70 USD (+12.97%)

My analysis

The basic bullish trend is very strong on PROPY - PRO/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 2.13 USD. Crossing the first resistance at 2.49 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 2.70 USD as an objective. Crossing it would then enable buyers to target 2.92 USD. Caution, a return to below 2.13 USD would be a sign of a consolidation phase in the short-term basic trend. 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

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

PROPY - PRO/USD rating 2.39 USD. The price has increased by +8.64% since the last closing and was traded between 2.20 USD and 2.40 USD over the period. The price is currently at +8.64% from its lowest and -0.42% from its highest.

2.20

2.40

2.39

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of PROPY - PRO/USD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.21	1.37	1.58	2.39	2.49	2.70	2.92
Change (%)	-49.37%	-42.68%	-33.89%	-	+4.18%	+12.97%	+22.18%
Change	-1.18	-1.02	-0.81	-	+0.10	+0.31	+0.53
Level	Major	Minor	Minor	-	Minor	Minor	Intermediate

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	1.39	1.69	1.95	2.25	2.51	2.81	3.07
Camarilla	2.05	2.10	2.15	2.20	2.25	2.30	2.35
Woodie	1.36	1.68	1.92	2.24	2.48	2.80	3.04
Fibonacci	1.69	1.91	2.04	2.25	2.47	2.60	2.81

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.15	0.53	0.81	1.19	1.47	1.85	2.13
Camarilla	0.90	0.96	1.02	1.08	1.14	1.20	1.26
Woodie	0.09	0.51	0.75	1.17	1.41	1.83	2.07
Fibonacci	0.53	0.79	0.94	1.19	1.45	1.60	1.85

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.26	0.36	0.43	0.53	0.60	0.70	0.77
Camarilla	0.45	0.47	0.48	0.50	0.52	0.53	0.55
Woodie	0.25	0.35	0.42	0.52	0.59	0.69	0.76
Fibonacci	0.36	0.43	0.47	0.53	0.60	0.64	0.70

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):	52.36
MACD (12,26,9):	-0.0100
Directional Movement:	7.56
AROON (14):	-21.43
DEMA (21):	2.16
Parabolic SAR (0,02-0,02-0,2):	2.03
Elder Ray (13):	0.06
Super Trend (3,10):	2.48
Zig ZAG (10):	2.21
VORTEX (21):	1.0400
Stochastique (14,3,5):	75.52
TEMA (21):	2.12
Williams %R (14):	-2.80
Chande Momentum Oscillator (20):	0.20
Repulse (5,40,3):	6.9200
ROCnROLL:	1
TRIX (15,9):	-0.1900
Courbe Coppock:	1.94

MA7:	1.67
MA20:	1.20
MA50:	0.79
MA100:	0.64
MAexp7:	2.21
MAexp20:	2.17
MAexp50:	2.10
MAexp100:	1.88
Price / MA7:	+43.11%
Price / MA20:	+99.17%
Price / MA50:	+202.53%
Price / MA100:	+273.44%
Price / MAexp7:	+8.14%
Price / MAexp20:	+10.14%
Price / MAexp50:	+13.81%
Price / MAexp100:	+27.13%

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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