PERPETUAL PROTOCOL - PERP/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Change:	-
Volume:	-

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Type:	Cryptocurrencies
Ticker:	PERPUSDT
ISIN:

PERPETUAL PROTOCOL - PERP/USDT - Daily - Technical analysis published on 01/03/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 1.66 USDT

My targets

2.69 USDT (+26.75%)

8.65 USDT (+308.02%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PERPETUAL PROTOCOL - PERP/USDT as long as the price remains well above 1.66 USDT. The buyers' bullish objective is set at 2.69 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.65 USDT. If there is any crossing, the next objective would be the resistance located at 13.35 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

9.1

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 MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The PERPETUAL PROTOCOL - PERP/USDT price is 2.12 USDT. The price registered an increase of +17.13% on the session with the lowest point at 1.69 USDT and the highest point at 2.14 USDT. The deviation from the price is +25.44% for the low point and -0.93% for the high point.

1.69

2.14

2.12

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

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

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on PERPETUAL PROTOCOL - PERP/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of PERPETUAL PROTOCOL - PERP/USDT indicates that the overall trend is strongly bullish. 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 does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.56	0.73	1.15	2.12	8.65	13.35	21.50
Change (%)	-73.58%	-65.57%	-45.75%	-	+308.02%	+529.72%	+914.15%
Change	-1.56	-1.39	-0.97	-	+6.53	+11.23	+19.38
Level	Intermediate	Minor	Major	-	Minor	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.03	1.20	1.50	1.67	1.97	2.14	2.44
Camarilla	1.68	1.72	1.77	1.81	1.85	1.90	1.94
Woodie	1.11	1.23	1.58	1.70	2.05	2.17	2.52
Fibonacci	1.20	1.38	1.49	1.67	1.85	1.96	2.14

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.15	0.33	0.71	1.19	1.57	2.05	2.43
Camarilla	0.86	0.94	1.02	1.10	1.18	1.26	1.34
Woodie	-0.19	0.31	0.67	1.17	1.53	2.03	2.39
Fibonacci	0.33	0.66	0.86	1.19	1.52	1.72	2.05

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.40	0.11	0.63	1.14	1.66	2.17	2.69
Camarilla	0.86	0.95	1.05	1.14	1.23	1.33	1.42
Woodie	-0.41	0.11	0.63	1.14	1.66	2.17	2.69
Fibonacci	0.11	0.51	0.75	1.14	1.54	1.78	2.17

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	85.79
MACD (12,26,9):	0.2500
Directional Movement:	53.79
AROON (14):	100.00
DEMA (21):	1.44
Parabolic SAR (0,02-0,02-0,2):	1.06
Elder Ray (13):	0.62
Super Trend (3,10):	1.25
Zig ZAG (10):	2.13
VORTEX (21):	1.2700
Stochastique (14,3,5):	88.91
TEMA (21):	1.61
Williams %R (14):	-3.11
Chande Momentum Oscillator (20):	1.27
Repulse (5,40,3):	53.9100
ROCnROLL:	1
TRIX (15,9):	2.5100
Courbe Coppock:	170.89

MA7:	1.39
MA20:	1.05
MA50:	0.82
MA100:	0.71
MAexp7:	1.52
MAexp20:	1.16
MAexp50:	0.91
MAexp100:	0.78
Price / MA7:	+52.52%
Price / MA20:	+101.90%
Price / MA50:	+158.54%
Price / MA100:	+198.59%
Price / MAexp7:	+39.47%
Price / MAexp20:	+82.76%
Price / MAexp50:	+132.97%
Price / MAexp100:	+171.79%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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