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PROPY - PRO/USD
PROPY - PRO/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: PROUSD
ISIN:

PROPY - PRO/USD - 1H - Technical analysis published on 11/03/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 0.912875 USD
My targets
0.885600 USD (-1.30%)
0.870600 USD (-2.98%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.912875 USD remains possible. It is advisable to trade PROPY - PRO/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.912875 USD. The next bearish objective for sellers is set at 0.885600 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.870600 USD. In case of crossing, the next objective would be the support located at 0.751100 USD. PS: if there is a bullish break in the resistance located at 0.912875 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.1

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.

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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

PROPY - PRO/USD rating 0.897300 USD. The price registered a decrease of -0.39% on the session with the lowest point at 0.875800 USD and the highest point at 0.903000 USD. The deviation from the price is +2.45% for the low point and -0.63% for the high point.

0.875800
0.903000
0.897300

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this PROPY - PRO/USD chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami cross

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.751100 0.870600 0.885600 0.897300 0.912875 0.940236 0.974154
Change (%) -16.29% -2.98% -1.30% - +1.74% +4.79% +8.57%
Change -0.146200 -0.026700 -0.011700 - +0.015575 +0.042936 +0.076854
Level Minor Major Minor - Intermediate Minor 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
Standard0.8615330.8740670.8874330.8999670.9133330.9258670.939233
Camarilla0.8936780.8960520.8984260.9008000.9031740.9055480.907923
Woodie0.8619500.8742750.8878500.9001750.9137500.9260750.939650
Fibonacci0.8740670.8839610.8900730.8999670.9098610.9159730.925867


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.7048670.7877330.8442670.9271330.9836671.0665331.123067
Camarilla0.8624650.8752430.8880220.9008000.9135780.9263570.939135
Woodie0.6917000.7811500.8311000.9205500.9705001.0599501.109900
Fibonacci0.7877330.8409840.8738830.9271330.9803841.0132831.066533


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.6682000.7821000.8414000.9553001.0146001.1285001.187800
Camarilla0.8530700.8689470.8848230.9007000.9165770.9324530.948330
Woodie0.6409000.7684500.8141000.9416500.9873001.1148501.160500
Fibonacci0.7821000.8482620.8891380.9553001.0214621.0623381.128500

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): 53.02
MACD (12,26,9): -0.0029
Directional Movement: 0.475850
AROON (14): -35.714286
DEMA (21): 0.888183
Parabolic SAR (0,02-0,02-0,2): 0.876206
Elder Ray (13): 0.003609
Super Trend (3,10): 0.897126
Zig ZAG (10): 0.896900
VORTEX (21): 0.9559
Stochastique (14,3,5): 72.67
TEMA (21): 0.887603
Williams %R (14): -22.43
Chande Momentum Oscillator (20): -0.004900
Repulse (5,40,3): 1.3201
ROCnROLL: -1
TRIX (15,9): -0.0564
Courbe Coppock: 2.44
MA7: 0.910743
MA20: 0.927330
MA50: 0.974026
MA100: 1.067281
MAexp7: 0.890767
MAexp20: 0.891859
MAexp50: 0.897737
MAexp100: 0.906676
Price / MA7: -1.48%
Price / MA20: -3.24%
Price / MA50: -7.88%
Price / MA100: -15.93%
Price / MAexp7: +0.73%
Price / MAexp20: +0.61%
Price / MAexp50: -0.05%
Price / MAexp100: -1.03%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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