ARBITRUM - ARB/USDT - 1H - Technical analysis published on 01/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.82 USDT
My targets
1.90 USDT (+1.60%)
2.03 USDT (+8.56%)
My analysis
The current short-term bullish acceleration on ARBITRUM - ARB/USDT should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 1.82 USDT. Short-term buyers will use the resistance located at 1.90 USDT as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 2.03 USDT. Crossing this resistance would then open the door for buyers to target 2.08 USDT. Caution, if there is a return to under 1.82 USDT, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.9
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Additional analysis
Quotes
ARBITRUM - ARB/USDT rating 1.87 USDT. The price registered an increase of +2.75% on the session and was traded between 1.78 USDT and 1.87 USDT over the period. The price is currently at +5.06% from its lowest and 0% from its highest.1.78
1.87
1.87
Here is a more detailed summary of the historical variations registered by ARBITRUM - ARB/USDT:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this ARBITRUM - ARB/USDT chart shows a neutral trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 | 1.21 | 1.72 | 1.82 | 1.87 | 1.90 | 2.03 | 2.08 |
| Change (%) | -35.29% | -8.02% | -2.67% | - | +1.60% | +8.56% | +11.23% |
| Change | -0.66 | -0.15 | -0.05 | - | +0.03 | +0.16 | +0.21 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Minor | Intermediate |
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 | 1.67 | 1.71 | 1.77 | 1.81 | 1.87 | 1.91 | 1.97 |
| Camarilla | 1.79 | 1.80 | 1.81 | 1.82 | 1.83 | 1.84 | 1.85 |
| Woodie | 1.67 | 1.72 | 1.77 | 1.82 | 1.87 | 1.92 | 1.97 |
| Fibonacci | 1.71 | 1.75 | 1.78 | 1.81 | 1.85 | 1.88 | 1.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.18 | 1.47 | 1.64 | 1.93 | 2.10 | 2.39 | 2.56 |
| Camarilla | 1.69 | 1.74 | 1.78 | 1.82 | 1.86 | 1.90 | 1.95 |
| Woodie | 1.13 | 1.44 | 1.59 | 1.90 | 2.05 | 2.36 | 2.51 |
| Fibonacci | 1.47 | 1.64 | 1.75 | 1.93 | 2.10 | 2.21 | 2.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.53 | 0.78 | 1.17 | 1.42 | 1.81 | 2.06 | 2.45 |
| Camarilla | 1.38 | 1.44 | 1.50 | 1.56 | 1.62 | 1.68 | 1.74 |
| Woodie | 0.60 | 0.82 | 1.24 | 1.46 | 1.88 | 2.10 | 2.52 |
| Fibonacci | 0.78 | 1.02 | 1.18 | 1.42 | 1.66 | 1.82 | 2.06 |
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): | 59.58 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 5.98 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 1.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.80 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 1.79 | |
| Zig ZAG (10): | 1.86 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 89.38 | |
| TEMA (21): | 1.85 | |
| Williams %R (14): | -6.35 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | 1.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 6.09 |
| MA7: | 1.96 | |
| MA20: | 1.97 | |
| MA50: | 1.54 | |
| MA100: | 1.27 | |
| MAexp7: | 1.84 | |
| MAexp20: | 1.82 | |
| MAexp50: | 1.84 | |
| MAexp100: | 1.90 | |
| Price / MA7: | -4.59% | |
| Price / MA20: | -5.08% | |
| Price / MA50: | +21.43% | |
| Price / MA100: | +47.24% | |
| Price / MAexp7: | +1.63% | |
| Price / MAexp20: | +2.75% | |
| Price / MAexp50: | +1.63% | |
| Price / MAexp100: | -1.58% |
Quotes :
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Real time data
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