ARPA CHAIN - ARPA/USD - 1H - Technical analysis published on 06/07/2024 (GMT)
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- 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 bearish
Underlying:
Strongly bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 0.076887 USD
My targets
0.074800 USD (-1.29%)
0.073997 USD (-2.35%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ARPA CHAIN - ARPA/USD as long as the price remains well below 0.076887 USD. The sellers' bearish objective is set at 0.074800 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.073997 USD. In case of crossing, the next objective would be the support located at 0.072923 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ARPA CHAIN - ARPA/USD rating 0.075780 USD. On the day, this instrument lost -0.01% with the lowest point at 0.074943 USD and the highest point at 0.076380 USD. The deviation from the price is +1.12% for the low point and -0.79% for the high point.0.074943
0.076380
0.075780
Here is a more detailed summary of the historical variations registered by ARPA CHAIN - ARPA/USD:
Technical
Technical analysis of ARPA CHAIN - ARPA/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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, 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 | 0.073997 | 0.074800 | 0.075751 | 0.075780 | 0.076887 | 0.077765 | 0.078883 |
| Change (%) | -2.35% | -1.29% | -0.04% | - | +1.46% | +2.62% | +4.09% |
| Change | -0.001783 | -0.000980 | -0.000029 | - | +0.001107 | +0.001985 | +0.003103 |
| Level | Minor | Minor | Minor | - | Intermediate | 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 | 0.071789 | 0.073496 | 0.074641 | 0.076348 | 0.077493 | 0.079200 | 0.080345 |
| Camarilla | 0.075002 | 0.075263 | 0.075525 | 0.075786 | 0.076047 | 0.076309 | 0.076570 |
| Woodie | 0.071508 | 0.073356 | 0.074360 | 0.076208 | 0.077212 | 0.079060 | 0.080064 |
| Fibonacci | 0.073496 | 0.074586 | 0.075259 | 0.076348 | 0.077438 | 0.078111 | 0.079200 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.053883 | 0.061743 | 0.068765 | 0.076625 | 0.083647 | 0.091507 | 0.098529 |
| Camarilla | 0.071694 | 0.073058 | 0.074422 | 0.075786 | 0.077150 | 0.078514 | 0.079879 |
| Woodie | 0.053463 | 0.061534 | 0.068345 | 0.076416 | 0.083227 | 0.091298 | 0.098109 |
| Fibonacci | 0.061743 | 0.067428 | 0.070940 | 0.076625 | 0.082310 | 0.085822 | 0.091507 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.036088 | 0.047364 | 0.062476 | 0.073752 | 0.088864 | 0.100140 | 0.115252 |
| Camarilla | 0.070332 | 0.072751 | 0.075170 | 0.077589 | 0.080008 | 0.082427 | 0.084846 |
| Woodie | 0.038007 | 0.048323 | 0.064395 | 0.074711 | 0.090783 | 0.101099 | 0.117171 |
| Fibonacci | 0.047364 | 0.057444 | 0.063672 | 0.073752 | 0.083832 | 0.090060 | 0.100140 |
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): | 46.10 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -4.897217 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.075475 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.075022 | |
| Elder Ray (13): | -0.000011 | |
| Super Trend (3,10): | 0.076424 | |
| Zig ZAG (10): | 0.075591 | |
| VORTEX (21): | 0.9432 | |
| Stochastique (14,3,5): | 56.22 | |
| TEMA (21): | 0.075524 | |
| Williams %R (14): | -54.98 | |
| Chande Momentum Oscillator (20): | -0.000097 | |
| Repulse (5,40,3): | -0.4287 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0786 | |
| Courbe Coppock: | 1.21 |
| MA7: | 0.076579 | |
| MA20: | 0.074356 | |
| MA50: | 0.071814 | |
| MA100: | 0.078147 | |
| MAexp7: | 0.075785 | |
| MAexp20: | 0.075983 | |
| MAexp50: | 0.076578 | |
| MAexp100: | 0.076785 | |
| Price / MA7: | -1.04% | |
| Price / MA20: | +1.92% | |
| Price / MA50: | +5.52% | |
| Price / MA100: | -3.03% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -1.04% | |
| Price / MAexp100: | -1.31% |
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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