PERPETUAL PROTOCOL - PERP/USDT - Weekly - Technical analysis published on 05/19/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 0.765367 USDT
My targets
0.489567 USDT (-20.99%)
0.425379 USDT (-31.35%)
My analysis
The bearish basic trend is very strong on PERPETUAL PROTOCOL - PERP/USDT but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.765367 USDT. Crossing the first support at 0.489567 USDT would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.425379 USDT as an objective. Caution, a return to above the resistance located at 0.765367 USDT would be a sign of a possible consolidation phase of 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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Additional analysis
Quotes
PERPETUAL PROTOCOL - PERP/USDT rating 0.619600 USDT. The price registered an increase of +2.24% over 5 days and has been traded over the last 5 days between 0.600600 USDT and 0.636200 USDT. This implies that the 5 day price is +3.16% from its lowest point and -2.61% from its highest point.0.600600
0.636200
0.619600
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Weekly of this PERPETUAL PROTOCOL - PERP/USDT chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.425379 | 0.619600 | 4.115000 | 13.350000 | 18.510000 |
| Change (%) | -31.35% | - | +564.14% | +2,054.62% | +2,887.41% |
| Change | -0.194221 | - | +3.495400 | +12.730400 | +17.890400 |
| Level | Major | - | Minor | Minor | 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 | 0.587400 | 0.598000 | 0.614900 | 0.625500 | 0.642400 | 0.653000 | 0.669900 |
| Camarilla | 0.624238 | 0.626758 | 0.629279 | 0.631800 | 0.634321 | 0.636842 | 0.639363 |
| Woodie | 0.590550 | 0.599575 | 0.618050 | 0.627075 | 0.645550 | 0.654575 | 0.673050 |
| Fibonacci | 0.598000 | 0.608505 | 0.614995 | 0.625500 | 0.636005 | 0.642495 | 0.653000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.440300 | 0.496200 | 0.551100 | 0.607000 | 0.661900 | 0.717800 | 0.772700 |
| Camarilla | 0.575530 | 0.585687 | 0.595843 | 0.606000 | 0.616157 | 0.626313 | 0.636470 |
| Woodie | 0.439800 | 0.495950 | 0.550600 | 0.606750 | 0.661400 | 0.717550 | 0.772200 |
| Fibonacci | 0.496200 | 0.538526 | 0.564674 | 0.607000 | 0.649326 | 0.675474 | 0.717800 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.314233 | 0.489567 | 0.590033 | 0.765367 | 0.865833 | 1.041167 | 1.141633 |
| Camarilla | 0.614655 | 0.639937 | 0.665218 | 0.690500 | 0.715782 | 0.741063 | 0.766345 |
| Woodie | 0.276800 | 0.470850 | 0.552600 | 0.746650 | 0.828400 | 1.022450 | 1.104200 |
| Fibonacci | 0.489567 | 0.594922 | 0.660011 | 0.765367 | 0.870722 | 0.935811 | 1.041167 |
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): | 41.55 | |
| MACD (12,26,9): | -0.0777 | |
| Directional Movement: | 1.308586 | |
| AROON (14): | -71.428572 | |
| DEMA (21): | 0.589791 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.058909 | |
| Elder Ray (13): | -0.093738 | |
| Super Trend (3,10): | 0.445580 | |
| Zig ZAG (10): | 0.619600 | |
| VORTEX (21): | 1.0421 | |
| Stochastique (14,3,5): | 10.49 | |
| TEMA (21): | 0.902685 | |
| Williams %R (14): | -90.04 | |
| Chande Momentum Oscillator (20): | -0.203500 | |
| Repulse (5,40,3): | -10.4253 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8529 | |
| Courbe Coppock: | 49.87 |
| MA7: | 0.619029 | |
| MA20: | 0.635540 | |
| MA50: | 0.729916 | |
| MA100: | 0.768853 | |
| MAexp7: | 0.688147 | |
| MAexp20: | 0.724227 | |
| MAexp50: | 1.513710 | |
| MAexp100: | 4.523020 | |
| Price / MA7: | +0.09% | |
| Price / MA20: | -2.51% | |
| Price / MA50: | -15.11% | |
| Price / MA100: | -19.41% | |
| Price / MAexp7: | -9.96% | |
| Price / MAexp20: | -14.45% | |
| Price / MAexp50: | -59.07% | |
| Price / MAexp100: | -86.30% |
Quotes :
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Real time data
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