PROPY - PRO/USD - 1H - Technical analysis published on 03/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 0.524933 USD
My targets
0.489600 USD (-2.90%)
0.480157 USD (-4.77%)
My analysis
In the short term, we can see an acceleration in the bearish trend on PROPY - PRO/USD, which is a positive signal for sellers. As long as the price remains above 0.524933 USD, a sale could be considered. The first bearish objective is located at 0.489600 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.480157 USD as an objective. Crossing it would then enable sellers to target 0.457214 USD. If the price were to return above 0.524933 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
4.8
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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 PROPY - PRO/USD price is 0.504200 USD. The price registered a decrease of -0.10% on the session with the lowest point at 0.501800 USD and the highest point at 0.512800 USD. The deviation from the price is +0.48% for the low point and -1.68% for the high point.0.501800
0.512800
0.504200
Here is a more detailed summary of the historical variations registered by PROPY - PRO/USD:
Technical
A technical analysis in 1H of this PROPY - PRO/USD chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being 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 slightly bearish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
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 | 0.480157 | 0.489600 | 0.501244 | 0.504200 | 0.537269 | 0.571900 | 0.600400 |
| Change (%) | -4.77% | -2.90% | -0.59% | - | +6.56% | +13.43% | +19.08% |
| Change | -0.024043 | -0.014600 | -0.002956 | - | +0.033069 | +0.067700 | +0.096200 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | Intermediate |
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 | 0.405200 | 0.447300 | 0.476000 | 0.518100 | 0.546800 | 0.588900 | 0.617600 |
| Camarilla | 0.485230 | 0.491720 | 0.498210 | 0.504700 | 0.511190 | 0.517680 | 0.524170 |
| Woodie | 0.398500 | 0.443950 | 0.469300 | 0.514750 | 0.540100 | 0.585550 | 0.610900 |
| Fibonacci | 0.447300 | 0.474346 | 0.491054 | 0.518100 | 0.545146 | 0.561854 | 0.588900 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.245267 | 0.350733 | 0.419467 | 0.524933 | 0.593667 | 0.699133 | 0.767867 |
| Camarilla | 0.440295 | 0.456263 | 0.472232 | 0.488200 | 0.504168 | 0.520137 | 0.536105 |
| Woodie | 0.226900 | 0.341550 | 0.401100 | 0.515750 | 0.575300 | 0.689950 | 0.749500 |
| Fibonacci | 0.350733 | 0.417278 | 0.458389 | 0.524933 | 0.591478 | 0.632589 | 0.699133 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.251933 | 0.352767 | 0.428733 | 0.529567 | 0.605533 | 0.706367 | 0.782333 |
| Camarilla | 0.456080 | 0.472287 | 0.488493 | 0.504700 | 0.520907 | 0.537113 | 0.553320 |
| Woodie | 0.239500 | 0.346550 | 0.416300 | 0.523350 | 0.593100 | 0.700150 | 0.769900 |
| Fibonacci | 0.352767 | 0.420304 | 0.462029 | 0.529567 | 0.597104 | 0.638829 | 0.706367 |
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): | 44.46 | |
| MACD (12,26,9): | -0.0049 | |
| Directional Movement: | 1.760944 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.505324 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.532460 | |
| Elder Ray (13): | -0.003420 | |
| Super Trend (3,10): | 0.532807 | |
| Zig ZAG (10): | 0.504900 | |
| VORTEX (21): | 0.8067 | |
| Stochastique (14,3,5): | 25.31 | |
| TEMA (21): | 0.502187 | |
| Williams %R (14): | -72.78 | |
| Chande Momentum Oscillator (20): | -0.014300 | |
| Repulse (5,40,3): | -1.2267 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1142 | |
| Courbe Coppock: | 7.17 |
| MA7: | 0.502371 | |
| MA20: | 0.491635 | |
| MA50: | 0.494802 | |
| MA100: | 0.496212 | |
| MAexp7: | 0.505151 | |
| MAexp20: | 0.511090 | |
| MAexp50: | 0.515492 | |
| MAexp100: | 0.513583 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | +2.56% | |
| Price / MA50: | +1.90% | |
| Price / MA100: | +1.61% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -1.35% | |
| Price / MAexp50: | -2.19% | |
| Price / MAexp100: | -1.83% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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