Londinia Opportunities Analyses - 05/08/2024 (GMT) PIRATE CHAIN - ARRR/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | ARRRUSDT |
| ISIN: |
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
17%
17%
My opinion
Bullish above 0.366993 USDT
My targets
0.387157 USDT (+3.55%)
0.399366 USDT (+6.81%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PIRATE CHAIN - ARRR/USDT as long as the price remains well above 0.366993 USDT. The buyers' bullish objective is set at 0.387157 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.399366 USDT. If there is any crossing, the next objective would be the resistance located at 0.417720 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
7
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Additional analysis
Quotes
The PIRATE CHAIN - ARRR/USDT rating is 0.373902 USDT. The price registered an increase of +2.53% on the session and was traded between 0.364539 USDT and 0.379041 USDT over the period. The price is currently at +2.57% from its lowest and -1.36% from its highest.0.364539
0.379041
0.373902
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PIRATE CHAIN - ARRR/USDT:
Technical
Technical analysis of PIRATE CHAIN - ARRR/USDT in 1H shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
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. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.342663 | 0.355453 | 0.366993 | 0.373902 | 0.387157 | 0.399366 | 0.417720 |
| Change (%) | -8.35% | -4.93% | -1.85% | - | +3.55% | +6.81% | +11.72% |
| Change | -0.031239 | -0.018449 | -0.006909 | - | +0.013255 | +0.025464 | +0.043818 |
| Level | Intermediate | Intermediate | Minor | - | Major | 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 | 0.230261 | 0.271023 | 0.317843 | 0.358605 | 0.405425 | 0.446187 | 0.493007 |
| Camarilla | 0.340579 | 0.348607 | 0.356636 | 0.364664 | 0.372692 | 0.380721 | 0.388749 |
| Woodie | 0.233291 | 0.272538 | 0.320873 | 0.360120 | 0.408455 | 0.447702 | 0.496037 |
| Fibonacci | 0.271023 | 0.304479 | 0.325148 | 0.358605 | 0.392061 | 0.412730 | 0.446187 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.206158 | 0.257574 | 0.315767 | 0.367183 | 0.425376 | 0.476792 | 0.534985 |
| Camarilla | 0.343817 | 0.353864 | 0.363912 | 0.373959 | 0.384007 | 0.394054 | 0.404102 |
| Woodie | 0.209546 | 0.259268 | 0.319155 | 0.368877 | 0.428764 | 0.478486 | 0.538373 |
| Fibonacci | 0.257574 | 0.299445 | 0.325313 | 0.367183 | 0.409054 | 0.434922 | 0.476792 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.124939 | 0.017644 | 0.183651 | 0.326234 | 0.492241 | 0.634824 | 0.800831 |
| Camarilla | 0.264796 | 0.293083 | 0.321371 | 0.349658 | 0.377945 | 0.406233 | 0.434520 |
| Woodie | -0.113227 | 0.023500 | 0.195363 | 0.332090 | 0.503953 | 0.640680 | 0.812543 |
| Fibonacci | 0.017644 | 0.135525 | 0.208353 | 0.326234 | 0.444115 | 0.516943 | 0.634824 |
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): | 56.10 | |
| MACD (12,26,9): | 0.0028 | |
| Directional Movement: | 17.962259 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.373296 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.366487 | |
| Elder Ray (13): | 0.004330 | |
| Super Trend (3,10): | 0.353556 | |
| Zig ZAG (10): | 0.373460 | |
| VORTEX (21): | 1.0676 | |
| Stochastique (14,3,5): | 45.39 | |
| TEMA (21): | 0.373205 | |
| Williams %R (14): | -54.95 | |
| Chande Momentum Oscillator (20): | 0.004122 | |
| Repulse (5,40,3): | 0.2681 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1238 | |
| Courbe Coppock: | 1.56 |
| MA7: | 0.347394 | |
| MA20: | 0.371335 | |
| MA50: | 0.282252 | |
| MA100: | 0.233469 | |
| MAexp7: | 0.371873 | |
| MAexp20: | 0.369175 | |
| MAexp50: | 0.364149 | |
| MAexp100: | 0.359904 | |
| Price / MA7: | +7.63% | |
| Price / MA20: | +0.69% | |
| Price / MA50: | +32.47% | |
| Price / MA100: | +60.15% | |
| Price / MAexp7: | +0.55% | |
| Price / MAexp20: | +1.28% | |
| Price / MAexp50: | +2.68% | |
| Price / MAexp100: | +3.89% |
Quotes :
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Real time data
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Cryptocompare