PERPETUAL PROTOCOL - PERP/USD - 1H - Technical analysis published on 08/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
6%
44%
50%
My opinion
Bullish above 0.604960 USD
My targets
0.622236 USD (+1.86%)
0.646234 USD (+5.79%)
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/USD as long as the price remains well above 0.604960 USD. The buyers' bullish objective is set at 0.622236 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.646234 USD. If there is any crossing, the next objective would be the resistance located at 0.724400 USD. 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.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PERPETUAL PROTOCOL - PERP/USD price is 0.610875 USD. The price registered a decrease of -0.05% on the session with the lowest point at 0.593899 USD and the highest point at 0.631897 USD. The deviation from the price is +2.86% for the low point and -3.33% for the high point.0.593899
0.631897
0.610875
Here is a more detailed summary of the historical variations registered by PERPETUAL PROTOCOL - PERP/USD:
Technical
Technical analysis of PERPETUAL PROTOCOL - PERP/USD in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.522295 | 0.538385 | 0.565174 | 0.610875 | 0.622236 | 0.646234 | 0.724400 |
| Change (%) | -14.50% | -11.87% | -7.48% | - | +1.86% | +5.79% | +18.58% |
| Change | -0.088580 | -0.072490 | -0.045701 | - | +0.011361 | +0.035359 | +0.113525 |
| Level | Intermediate | Minor | Major | - | Minor | Major | 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 | 0.546123 | 0.559138 | 0.585167 | 0.598182 | 0.624211 | 0.637226 | 0.663255 |
| Camarilla | 0.600459 | 0.604038 | 0.607617 | 0.611196 | 0.614775 | 0.618354 | 0.621933 |
| Woodie | 0.552630 | 0.562392 | 0.591674 | 0.601436 | 0.630718 | 0.640480 | 0.669762 |
| Fibonacci | 0.559138 | 0.574053 | 0.583267 | 0.598182 | 0.613097 | 0.622311 | 0.637226 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.419426 | 0.457681 | 0.512193 | 0.550448 | 0.604960 | 0.643215 | 0.697727 |
| Camarilla | 0.541194 | 0.549698 | 0.558201 | 0.566705 | 0.575209 | 0.583712 | 0.592216 |
| Woodie | 0.427555 | 0.461745 | 0.520322 | 0.554512 | 0.613089 | 0.647279 | 0.705856 |
| Fibonacci | 0.457681 | 0.493118 | 0.515011 | 0.550448 | 0.585885 | 0.607778 | 0.643215 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.250768 | 0.377133 | 0.484876 | 0.611241 | 0.718984 | 0.845349 | 0.953092 |
| Camarilla | 0.528240 | 0.549700 | 0.571160 | 0.592620 | 0.614080 | 0.635540 | 0.657000 |
| Woodie | 0.241458 | 0.372478 | 0.475566 | 0.606586 | 0.709674 | 0.840694 | 0.943782 |
| Fibonacci | 0.377133 | 0.466562 | 0.521811 | 0.611241 | 0.700670 | 0.755919 | 0.845349 |
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): | 52.16 | |
| MACD (12,26,9): | 0.0038 | |
| Directional Movement: | 0.785199 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.616954 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.624255 | |
| Elder Ray (13): | -0.001339 | |
| Super Trend (3,10): | 0.626147 | |
| Zig ZAG (10): | 0.610565 | |
| VORTEX (21): | 1.0873 | |
| Stochastique (14,3,5): | 35.89 | |
| TEMA (21): | 0.613879 | |
| Williams %R (14): | -56.01 | |
| Chande Momentum Oscillator (20): | -0.008935 | |
| Repulse (5,40,3): | 0.5967 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1708 | |
| Courbe Coppock: | 0.11 |
| MA7: | 0.562663 | |
| MA20: | 0.535103 | |
| MA50: | 0.597542 | |
| MA100: | 0.784130 | |
| MAexp7: | 0.610564 | |
| MAexp20: | 0.610351 | |
| MAexp50: | 0.597931 | |
| MAexp100: | 0.580719 | |
| Price / MA7: | +8.57% | |
| Price / MA20: | +14.16% | |
| Price / MA50: | +2.23% | |
| Price / MA100: | -22.10% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +2.16% | |
| Price / MAexp100: | +5.19% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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