Londinia Opportunities Analyses - 05/07/2024 (GMT) PIRATE CHAIN (X1000) - ARRR/ETH - 1H
| Type: | Cryptocurrencies |
| Ticker: | ARRRETH |
| 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%
0%
22%
My opinion
Bullish above 0.118000 ETH
My targets
0.130000 ETH (+5.69%)
0.134000 ETH (+8.94%)
My analysis
PIRATE CHAIN (X1000) - ARRR/ETH 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 0.118000 ETH. The next resistance located at 0.130000 ETH 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 0.134000 ETH. After this resistance, buyers could then target 0.141000 ETH. 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.
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
8.6
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Additional analysis
Quotes
PIRATE CHAIN (X1000) - ARRR/ETH rating 0.123000 ETH. On the day, this instrument gained +10.81% with the lowest point at 0.101000 ETH and the highest point at 0.130000 ETH. The deviation from the price is +21.78% for the low point and -5.38% for the high point.0.101000
0.130000
0.123000
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.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PIRATE CHAIN (X1000) - ARRR/ETH:
Technical
A technical analysis in 1H of this PIRATE CHAIN (X1000) - ARRR/ETH chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.109000 | 0.112000 | 0.118000 | 0.123000 | 0.130000 | 0.134000 | 0.141000 |
| Change (%) | -11.38% | -8.94% | -4.07% | - | +5.69% | +8.94% | +14.63% |
| Change | -0.014000 | -0.011000 | -0.005000 | - | +0.007000 | +0.011000 | +0.018000 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 0.100000 | 0.105000 | 0.108000 | 0.113000 | 0.116000 | 0.121000 | 0.124000 |
| Camarilla | 0.108800 | 0.109533 | 0.110267 | 0.111000 | 0.111733 | 0.112467 | 0.113200 |
| Woodie | 0.099000 | 0.104500 | 0.107000 | 0.112500 | 0.115000 | 0.120500 | 0.123000 |
| Fibonacci | 0.105000 | 0.108056 | 0.109944 | 0.113000 | 0.116056 | 0.117944 | 0.121000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.072000 | 0.087000 | 0.104000 | 0.119000 | 0.136000 | 0.151000 | 0.168000 |
| Camarilla | 0.112200 | 0.115133 | 0.118067 | 0.121000 | 0.123933 | 0.126867 | 0.129800 |
| Woodie | 0.073000 | 0.087500 | 0.105000 | 0.119500 | 0.137000 | 0.151500 | 0.169000 |
| Fibonacci | 0.087000 | 0.099224 | 0.106776 | 0.119000 | 0.131224 | 0.138776 | 0.151000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.044333 | 0.001333 | 0.058667 | 0.104333 | 0.161667 | 0.207333 | 0.264667 |
| Camarilla | 0.087675 | 0.097117 | 0.106558 | 0.116000 | 0.125442 | 0.134883 | 0.144325 |
| Woodie | -0.038500 | 0.004250 | 0.064500 | 0.107250 | 0.167500 | 0.210250 | 0.270500 |
| Fibonacci | 0.001333 | 0.040679 | 0.064987 | 0.104333 | 0.143679 | 0.167987 | 0.207333 |
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): | 58.57 | |
| MACD (12,26,9): | 0.0024 | |
| Directional Movement: | 20.510391 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.120071 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.108208 | |
| Elder Ray (13): | 0.003527 | |
| Super Trend (3,10): | 0.111058 | |
| Zig ZAG (10): | 0.122000 | |
| VORTEX (21): | 1.0824 | |
| Stochastique (14,3,5): | 75.86 | |
| TEMA (21): | 0.122582 | |
| Williams %R (14): | -24.14 | |
| Chande Momentum Oscillator (20): | 0.019000 | |
| Repulse (5,40,3): | 0.7719 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1479 | |
| Courbe Coppock: | 18.89 |
| MA7: | 0.113000 | |
| MA20: | 0.120100 | |
| MA50: | 0.086540 | |
| MA100: | 0.074960 | |
| MAexp7: | 0.121226 | |
| MAexp20: | 0.117671 | |
| MAexp50: | 0.115755 | |
| MAexp100: | 0.115154 | |
| Price / MA7: | +8.85% | |
| Price / MA20: | +2.41% | |
| Price / MA50: | +42.13% | |
| Price / MA100: | +64.09% | |
| Price / MAexp7: | +1.46% | |
| Price / MAexp20: | +4.53% | |
| Price / MAexp50: | +6.26% | |
| Price / MAexp100: | +6.81% |
Quotes :
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Real time data
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Cryptocompare