ARPA CHAIN - ARPA/USD - 1H - Technical analysis published on 07/21/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 0.043812 USD
My targets
0.045503 USD (+2.27%)
0.048684 USD (+9.41%)
My analysis
With a bullish background trend, the price of ARPA CHAIN - ARPA/USD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 0.043812 USD. A bullish break in the resistance located at 0.045503 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 0.048684 USD. Then 0.063599 USD by extension. It would be safer to wait for a bullish break in the resistance located at 0.045503 USD before allowing yourself to re trade long positions (at purchase) on ARPA CHAIN - ARPA/USD. PS: if there is a bearish break in the support located at 0.043812 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
1.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ARPA CHAIN - ARPA/USD price is 0.044495 USD. On the day, this instrument lost -0.22% with the lowest point at 0.043204 USD and the highest point at 0.045286 USD. The deviation from the price is +2.99% for the low point and -1.75% for the high point.0.043204
0.045286
0.044495
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this ARPA CHAIN - ARPA/USD chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.041176 | 0.042182 | 0.043812 | 0.044495 | 0.044640 | 0.045503 | 0.063599 |
| Change (%) | -7.46% | -5.20% | -1.54% | - | +0.33% | +2.27% | +42.94% |
| Change | -0.003319 | -0.002313 | -0.000683 | - | +0.000145 | +0.001008 | +0.019104 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.042612 | 0.043251 | 0.043922 | 0.044561 | 0.045232 | 0.045871 | 0.046542 |
| Camarilla | 0.044234 | 0.044354 | 0.044474 | 0.044594 | 0.044714 | 0.044834 | 0.044954 |
| Woodie | 0.042629 | 0.043259 | 0.043939 | 0.044569 | 0.045249 | 0.045879 | 0.046559 |
| Fibonacci | 0.043251 | 0.043751 | 0.044060 | 0.044561 | 0.045061 | 0.045370 | 0.045871 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.036187 | 0.038232 | 0.041413 | 0.043458 | 0.046639 | 0.048684 | 0.051865 |
| Camarilla | 0.043157 | 0.043636 | 0.044115 | 0.044594 | 0.045073 | 0.045552 | 0.046031 |
| Woodie | 0.036755 | 0.038516 | 0.041981 | 0.043742 | 0.047207 | 0.048968 | 0.052433 |
| Fibonacci | 0.038232 | 0.040228 | 0.041462 | 0.043458 | 0.045454 | 0.046688 | 0.048684 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.008100 | 0.016657 | 0.031578 | 0.056335 | 0.071256 | 0.096013 | 0.110934 |
| Camarilla | 0.035588 | 0.039225 | 0.042862 | 0.046499 | 0.050136 | 0.053773 | 0.057411 |
| Woodie | -0.013018 | 0.014198 | 0.026660 | 0.053876 | 0.066338 | 0.093554 | 0.106016 |
| Fibonacci | 0.016657 | 0.031814 | 0.041178 | 0.056335 | 0.071492 | 0.080856 | 0.096013 |
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): | 46.89 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -19.953157 | |
| AROON (14): | -21.428572 | |
| DEMA (21): | 0.044716 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.045103 | |
| Elder Ray (13): | -0.000171 | |
| Super Trend (3,10): | 0.045409 | |
| Zig ZAG (10): | 0.044490 | |
| VORTEX (21): | 0.9910 | |
| Stochastique (14,3,5): | 56.90 | |
| TEMA (21): | 0.044580 | |
| Williams %R (14): | -38.42 | |
| Chande Momentum Oscillator (20): | -0.000100 | |
| Repulse (5,40,3): | 0.9802 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0226 | |
| Courbe Coppock: | 0.69 |
| MA7: | 0.043945 | |
| MA20: | 0.041381 | |
| MA50: | 0.050714 | |
| MA100: | 0.060959 | |
| MAexp7: | 0.044587 | |
| MAexp20: | 0.044678 | |
| MAexp50: | 0.044492 | |
| MAexp100: | 0.044067 | |
| Price / MA7: | +1.25% | |
| Price / MA20: | +7.53% | |
| Price / MA50: | -12.26% | |
| Price / MA100: | -27.01% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.41% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.97% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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