Londinia Opportunities Analyses - 05/08/2024 (GMT) PAX GOLD - PAXG/BTC - 1H
| Type: | Cryptocurrencies |
| Ticker: | PAXGBTC |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.036026 BTC
My targets
0.037492 BTC (+2.13%)
0.038638 BTC (+5.25%)
My analysis
The bullish trend is currently very strong on PAX GOLD - PAXG/BTC. As long as the price remains above the support at 0.036026 BTC, you could try to benefit from the boom. The first bullish objective is located at 0.037492 BTC. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.038638 BTC as an objective. Crossing it would then enable buyers to target 0.039092 BTC. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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Additional analysis
Quotes
PAX GOLD - PAXG/BTC rating 0.036709 BTC. On the day, this instrument gained +0.03% and was between 0.036505 BTC and 0.036868 BTC. This implies that the price is at +0.56% from its lowest and at -0.43% from its highest.0.036505
0.036868
0.036709
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of PAX GOLD - PAXG/BTC in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.035410 | 0.036026 | 0.036572 | 0.036709 | 0.038638 | 0.039092 | 0.039588 |
| Change (%) | -3.54% | -1.86% | -0.37% | - | +5.25% | +6.49% | +7.84% |
| Change | -0.001299 | -0.000683 | -0.000137 | - | +0.001929 | +0.002383 | +0.002879 |
| Level | Intermediate | Minor | Intermediate | - | 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 | 0.034979 | 0.035338 | 0.036019 | 0.036378 | 0.037059 | 0.037418 | 0.038099 |
| Camarilla | 0.036414 | 0.036509 | 0.036605 | 0.036700 | 0.036795 | 0.036891 | 0.036986 |
| Woodie | 0.035140 | 0.035419 | 0.036180 | 0.036459 | 0.037220 | 0.037499 | 0.038260 |
| Fibonacci | 0.035338 | 0.035735 | 0.035981 | 0.036378 | 0.036775 | 0.037021 | 0.037418 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.028967 | 0.032180 | 0.034279 | 0.037492 | 0.039591 | 0.042804 | 0.044903 |
| Camarilla | 0.034916 | 0.035403 | 0.035890 | 0.036377 | 0.036864 | 0.037351 | 0.037838 |
| Woodie | 0.028409 | 0.031902 | 0.033721 | 0.037214 | 0.039033 | 0.042526 | 0.044345 |
| Fibonacci | 0.032180 | 0.034210 | 0.035463 | 0.037492 | 0.039522 | 0.040775 | 0.042804 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007035 | 0.019118 | 0.028510 | 0.040593 | 0.049985 | 0.062068 | 0.071460 |
| Camarilla | 0.031997 | 0.033966 | 0.035935 | 0.037903 | 0.039872 | 0.041840 | 0.043809 |
| Woodie | 0.005691 | 0.018445 | 0.027166 | 0.039920 | 0.048641 | 0.061395 | 0.070116 |
| Fibonacci | 0.019118 | 0.027321 | 0.032389 | 0.040593 | 0.048796 | 0.053864 | 0.062068 |
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): | 62.41 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 9.743627 | |
| AROON (14): | 64.285714 | |
| DEMA (21): | 0.036631 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.036511 | |
| Elder Ray (13): | 0.000165 | |
| Super Trend (3,10): | 0.036230 | |
| Zig ZAG (10): | 0.036727 | |
| VORTEX (21): | 1.2209 | |
| Stochastique (14,3,5): | 74.55 | |
| TEMA (21): | 0.036699 | |
| Williams %R (14): | -19.95 | |
| Chande Momentum Oscillator (20): | 0.000330 | |
| Repulse (5,40,3): | 0.2006 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0474 | |
| Courbe Coppock: | 2.87 |
| MA7: | 0.036731 | |
| MA20: | 0.036728 | |
| MA50: | 0.034895 | |
| MA100: | 0.036177 | |
| MAexp7: | 0.036609 | |
| MAexp20: | 0.036451 | |
| MAexp50: | 0.036290 | |
| MAexp100: | 0.036398 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | -0.05% | |
| Price / MA50: | +5.20% | |
| Price / MA100: | +1.47% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.71% | |
| Price / MAexp50: | +1.15% | |
| Price / MAexp100: | +0.85% |
Quotes :
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Real time data
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