PROPY - PRO/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

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Type:	Cryptocurrencies
Ticker:	PROUSD
ISIN:

PROPY - PRO/USD - 1H - Technical analysis published on 11/19/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

17%

My opinion

Bullish above 1.31 USD

My targets

1.41 USD (+6.82%)

1.69 USD (+28.03%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on PROPY - PRO/USD. This is a positive signal for buyers. As long as the price remains above 1.31 USD, a purchase could be considered. The first bullish objective is located at 1.41 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.69 USD as an objective. Crossing it would then enable buyers to target 1.90 USD. In the event of a return below 1.31 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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

7.3

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.

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Additional analysis

Quotes

The PROPY - PRO/USD rating is 1.32 USD. On the day, this instrument gained +5.60% and was between 1.24 USD and 1.44 USD. This implies that the price is at +6.45% from its lowest and at -8.33% from its highest.

1.24

1.44

1.32

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of this 1H chart of PROPY - PRO/USD indicates that the overall trend is bullish. The signals returned by the moving averages are 75.00% bullish. This bullish 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.13	1.20	1.31	1.32	1.41	1.69	1.90
Change (%)	-14.39%	-9.09%	-0.76%	-	+6.82%	+28.03%	+43.94%
Change	-0.19	-0.12	-0.01	-	+0.09	+0.37	+0.58
Level	Minor	Intermediate	Intermediate	-	Major	Major	Minor

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	0.98	1.07	1.16	1.25	1.34	1.43	1.52
Camarilla	1.20	1.22	1.23	1.25	1.27	1.28	1.30
Woodie	0.98	1.07	1.16	1.25	1.34	1.43	1.52
Fibonacci	1.07	1.14	1.18	1.25	1.32	1.36	1.43

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	57.54
MACD (12,26,9):	0.0200
Directional Movement:	18.99
AROON (14):	42.86
DEMA (21):	1.30
Parabolic SAR (0,02-0,02-0,2):	1.24
Elder Ray (13):	0.04
Super Trend (3,10):	1.22
Zig ZAG (10):	1.33
VORTEX (21):	1.0600
Stochastique (14,3,5):	62.59
TEMA (21):	1.32
Williams %R (14):	-41.14
Chande Momentum Oscillator (20):	0.11
Repulse (5,40,3):	0.1800
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	9.65

MA7:	1.28
MA20:	1.16
MA50:	1.03
MA100:	1.06
MAexp7:	1.32
MAexp20:	1.29
MAexp50:	1.28
MAexp100:	1.29
Price / MA7:	+3.13%
Price / MA20:	+13.79%
Price / MA50:	+28.16%
Price / MA100:	+24.53%
Price / MAexp7:	-0%
Price / MAexp20:	+2.33%
Price / MAexp50:	+3.13%
Price / MAexp100:	+2.33%

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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