PUNDI X - PUNDIX/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	PUNDIXUSD
ISIN:

PUNDI X - PUNDIX/USD - 1H - Technical analysis published on 04/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 0.669029 USD

My targets

0.732400 USD (+6.55%)

0.760300 USD (+10.61%)

My analysis

PUNDI X - PUNDIX/USD 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 0.669029 USD. The next resistance located at 0.732400 USD 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 0.760300 USD. After this resistance, buyers could then target 1.069000 USD. 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

7.5

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

Additional analysis

Quotes

The PUNDI X - PUNDIX/USD rating is 0.687400 USD. The price has increased by +14.59% since the last closing and was between 0.598700 USD and 0.724900 USD. This implies that the price is at +14.82% from its lowest and at -5.17% from its highest.

0.598700

0.724900

0.687400

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

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

Abnormal volumes on PUNDI X - PUNDIX/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in 1H of this PUNDI X - PUNDIX/USD chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted

Bearish harami

Type : Bearish

Timeframe : 1 hour

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.636200	0.669029	0.686400	0.687400	0.732400	0.760300	1.069000
Change (%)	-7.45%	-2.67%	-0.15%	-	+6.55%	+10.61%	+55.51%
Change	-0.051200	-0.018371	-0.001000	-	+0.045000	+0.072900	+0.381600
Level	Major	Intermediate	Intermediate	-	Major	Minor	Major

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	0.474133	0.515367	0.557633	0.598867	0.641133	0.682367	0.724633
Camarilla	0.576938	0.584592	0.592246	0.599900	0.607554	0.615208	0.622863
Woodie	0.474650	0.515625	0.558150	0.599125	0.641650	0.682625	0.725150
Fibonacci	0.515367	0.547264	0.566970	0.598867	0.630764	0.650470	0.682367

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.416167	0.505133	0.582367	0.671333	0.748567	0.837533	0.914767
Camarilla	0.613895	0.629130	0.644365	0.659600	0.674835	0.690070	0.705305
Woodie	0.410300	0.502200	0.576500	0.668400	0.742700	0.834600	0.908900
Fibonacci	0.505133	0.568622	0.607845	0.671333	0.734822	0.774045	0.837533

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.109033	0.302667	0.484833	0.678467	0.860633	1.054267	1.236433
Camarilla	0.563655	0.598103	0.632552	0.667000	0.701448	0.735897	0.770345
Woodie	0.103300	0.299800	0.479100	0.675600	0.854900	1.051400	1.230700
Fibonacci	0.302667	0.446222	0.534911	0.678467	0.822022	0.910711	1.054267

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):	75.91
MACD (12,26,9):	0.0163
Directional Movement:	42.920311
AROON (14):	35.714286
DEMA (21):	0.639179
Parabolic SAR (0,02-0,02-0,2):	0.598187
Elder Ray (13):	0.053847
Super Trend (3,10):	0.622748
Zig ZAG (10):	0.686800
VORTEX (21):	1.1880
Stochastique (14,3,5):	80.58
TEMA (21):	0.653222
Williams %R (14):	-31.70
Chande Momentum Oscillator (20):	0.078000
Repulse (5,40,3):	5.8660
ROCnROLL:	1
TRIX (15,9):	0.1636
Courbe Coppock:	10.31

MA7:	0.644386
MA20:	0.633675
MA50:	0.585060
MA100:	0.512917
MAexp7:	0.649297
MAexp20:	0.621918
MAexp50:	0.612287
MAexp100:	0.620516
Price / MA7:	+6.68%
Price / MA20:	+8.48%
Price / MA50:	+17.49%
Price / MA100:	+34.02%
Price / MAexp7:	+5.87%
Price / MAexp20:	+10.53%
Price / MAexp50:	+12.27%
Price / MAexp100:	+10.78%

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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Londinia AI

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