PROPY - PRO/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	PROUSD
ISIN:

PROPY - PRO/USD - 1H - Technical analysis published on 11/17/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 1.31 USD

My targets

1.18 USD (-6.40%)

1.09 USD (-13.33%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PROPY - PRO/USD as long as the price remains well below 1.31 USD. The sellers' bearish objective is set at 1.18 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.09 USD. In case of crossing, the next objective would be the support located at 0.97 USD.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.1

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

Additional analysis

Quotes

The PROPY - PRO/USD price is 1.26 USD. On the day, this instrument gained +2.44% and was traded between 1.20 USD and 1.27 USD over the period. The price is currently at +5.00% from its lowest and -0.79% from its highest.

1.20

1.27

1.26

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:

The study of the highest / lowest by the Central Records scanner shows the following result:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this PROPY - PRO/USD chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of triangle

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:

White morning star

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.97	1.09	1.18	1.26	1.31	1.55	1.69
Change (%)	-23.37%	-13.33%	-6.40%	-	+4.21%	+22.79%	+34.17%
Change	-0.29	-0.17	-0.08	-	+0.05	+0.29	+0.43
Level	Intermediate	Intermediate	Minor	-	Major	Minor	Intermediate

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	0.96	1.08	1.16	1.28	1.36	1.48	1.56
Camarilla	1.18	1.19	1.21	1.23	1.25	1.27	1.29
Woodie	0.93	1.07	1.13	1.27	1.33	1.47	1.53
Fibonacci	1.08	1.16	1.21	1.28	1.36	1.41	1.48

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.10	0.60	0.91	1.41	1.72	2.22	2.53
Camarilla	1.01	1.08	1.16	1.23	1.30	1.38	1.45
Woodie	0.02	0.55	0.83	1.36	1.64	2.17	2.45
Fibonacci	0.60	0.91	1.10	1.41	1.72	1.91	2.22

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.67	0.79	0.84	0.96	1.01	1.13	1.18
Camarilla	0.85	0.87	0.88	0.90	0.92	0.93	0.95
Woodie	0.65	0.77	0.82	0.94	0.99	1.11	1.16
Fibonacci	0.79	0.85	0.89	0.96	1.02	1.06	1.13

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):	35.65
MACD (12,26,9):	-0.0300
Directional Movement:	-17.00
AROON (14):	-85.72
DEMA (21):	1.24
Parabolic SAR (0,02-0,02-0,2):	1.31
Elder Ray (13):	-0.03
Super Trend (3,10):	1.32
Zig ZAG (10):	1.23
VORTEX (21):	0.7800
Stochastique (14,3,5):	9.09
TEMA (21):	1.22
Williams %R (14):	-82.48
Chande Momentum Oscillator (20):	-0.11
Repulse (5,40,3):	1.7700
ROCnROLL:	2
TRIX (15,9):	-0.1600
Courbe Coppock:	18.95

MA7:	1.29
MA20:	1.12
MA50:	1.02
MA100:	1.06
MAexp7:	1.24
MAexp20:	1.28
MAexp50:	1.30
MAexp100:	1.30
Price / MA7:	-2.33%
Price / MA20:	+12.50%
Price / MA50:	+23.53%
Price / MA100:	+18.87%
Price / MAexp7:	+1.61%
Price / MAexp20:	-1.56%
Price / MAexp50:	-3.08%
Price / MAexp100:	-3.08%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia AI

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