ARBITRUM (X10000) - ARB/BTC - 1H - Technical analysis published on 04/15/2023 (GMT)
- 245
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 0.516371 BTC
My targets
0.573800 BTC (+5.01%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ARBITRUM (X10000) - ARB/BTC as long as the price remains well above 0.516371 BTC. The buyers' bullish objective is set at 0.573800 BTC. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.8
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 yoon youngjin. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ARBITRUM (X10000) - ARB/BTC rating 0.546400 BTC. The price registered a decrease of -1.97% on the session and was between 0.534100 BTC and 0.564400 BTC. This implies that the price is at +2.30% from its lowest and at -3.19% from its highest.0.534100
0.564400
0.546400
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ARBITRUM (X10000) - ARB/BTC:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of ARBITRUM (X10000) - ARB/BTC in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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 does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.445000 | 0.484800 | 0.516371 | 0.546400 | 0.573800 |
| Change (%) | -18.56% | -11.27% | -5.50% | - | +5.01% |
| Change | -0.101400 | -0.061600 | -0.030029 | - | +0.027400 |
| Level | Minor | Minor | Minor | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.357200 | 0.403800 | 0.480600 | 0.527200 | 0.604000 | 0.650600 | 0.727400 |
| Camarilla | 0.523465 | 0.534777 | 0.546088 | 0.557400 | 0.568712 | 0.580023 | 0.591335 |
| Woodie | 0.372300 | 0.411350 | 0.495700 | 0.534750 | 0.619100 | 0.658150 | 0.742500 |
| Fibonacci | 0.403800 | 0.450939 | 0.480061 | 0.527200 | 0.574339 | 0.603461 | 0.650600 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.363633 | 0.388367 | 0.402133 | 0.426867 | 0.440633 | 0.465367 | 0.479133 |
| Camarilla | 0.405313 | 0.408842 | 0.412371 | 0.415900 | 0.419429 | 0.422958 | 0.426488 |
| Woodie | 0.358150 | 0.385625 | 0.396650 | 0.424125 | 0.435150 | 0.462625 | 0.473650 |
| Fibonacci | 0.388367 | 0.403074 | 0.412160 | 0.426867 | 0.441574 | 0.450660 | 0.465367 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.010200 | 0.010200 | 0.010200 | 0.010200 | 0.010200 | 0.010200 | 0.010200 |
| Camarilla | 0.010200 | 0.010200 | 0.010200 | 0.010200 | 0.010200 | 0.010200 | 0.010200 |
| Woodie | 0.010200 | 0.010200 | 0.010200 | 0.010200 | 0.010200 | 0.010200 | 0.010200 |
| Fibonacci | 0.010200 | 0.010200 | 0.010200 | 0.010200 | 0.010200 | 0.010200 | 0.010200 |
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): | 64.80 | |
| MACD (12,26,9): | 0.0157 | |
| Directional Movement: | 24.252808 | |
| AROON (14): | 14.285714 | |
| DEMA (21): | 0.556990 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.538600 | |
| Elder Ray (13): | 0.009381 | |
| Super Trend (3,10): | 0.514125 | |
| Zig ZAG (10): | 0.550400 | |
| VORTEX (21): | 1.1465 | |
| Stochastique (14,3,5): | 47.30 | |
| TEMA (21): | 0.554096 | |
| Williams %R (14): | -56.17 | |
| Chande Momentum Oscillator (20): | 0.000400 | |
| Repulse (5,40,3): | 0.9474 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5348 | |
| Courbe Coppock: | 9.35 |
| MA7: | 0.456529 | |
| MA20: | 0.271745 | |
| MA50: | 0.114832 | |
| MA100: | 0.062521 | |
| MAexp7: | 0.545558 | |
| MAexp20: | 0.534209 | |
| MAexp50: | 0.500349 | |
| MAexp100: | 0.469383 | |
| Price / MA7: | +19.69% | |
| Price / MA20: | +101.07% | |
| Price / MA50: | +375.83% | |
| Price / MA100: | +773.95% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +2.28% | |
| Price / MAexp50: | +9.20% | |
| Price / MAexp100: | +16.41% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis ARBITRUM (X10000) - ARB/BTC - 1H