ARBITRUM - ARB/USDT - 1H - Technical analysis published on 01/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 1.72 USDT
My targets
1.82 USDT (+1.68%)
1.90 USDT (+6.15%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.72 USDT remains possible. It is advisable to trade ARBITRUM - ARB/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.72 USDT. The next bullish objective for buyers is set at 1.82 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.90 USDT. If there is any crossing, the next objective would be the resistance located at 1.98 USDT. PS: if there is a bearish break in the support located at 1.72 USDT 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.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.6
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Additional analysis
Quotes
ARBITRUM - ARB/USDT rating 1.79 USDT. On the day, this instrument lost -1.65% with the lowest point at 1.77 USDT and the highest point at 1.84 USDT. The deviation from the price is +1.13% for the low point and -2.72% for the high point.1.77
1.84
1.79
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this ARBITRUM - ARB/USDT chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 10 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.54 | 1.64 | 1.72 | 1.79 | 1.82 | 1.90 | 1.98 |
| Change (%) | -13.97% | -8.38% | -3.91% | - | +1.68% | +6.15% | +10.61% |
| Change | -0.25 | -0.15 | -0.07 | - | +0.03 | +0.11 | +0.19 |
| Level | Minor | Intermediate | Intermediate | - | Minor | 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 | 1.64 | 1.67 | 1.75 | 1.78 | 1.86 | 1.89 | 1.97 |
| Camarilla | 1.79 | 1.80 | 1.81 | 1.82 | 1.83 | 1.84 | 1.85 |
| Woodie | 1.66 | 1.68 | 1.77 | 1.79 | 1.88 | 1.90 | 1.99 |
| Fibonacci | 1.67 | 1.72 | 1.74 | 1.78 | 1.83 | 1.85 | 1.89 |
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 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): | 53.42 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 2.70 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 1.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.82 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.75 | |
| Zig ZAG (10): | 1.80 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 25.96 | |
| TEMA (21): | 1.80 | |
| Williams %R (14): | -64.49 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | 0.4100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 0.40 |
| MA7: | 1.75 | |
| MA20: | 1.94 | |
| MA50: | 1.61 | |
| MA100: | 1.32 | |
| MAexp7: | 1.80 | |
| MAexp20: | 1.80 | |
| MAexp50: | 1.77 | |
| MAexp100: | 1.76 | |
| Price / MA7: | +2.29% | |
| Price / MA20: | -7.73% | |
| Price / MA50: | +11.18% | |
| Price / MA100: | +35.61% | |
| Price / MAexp7: | -0.56% | |
| Price / MAexp20: | -0.56% | |
| Price / MAexp50: | +1.13% | |
| Price / MAexp100: | +1.70% |
Quotes :
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Real time data
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