Londinia Opportunities Analyses - 05/04/2024 (GMT) MARLIN - POND/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | PONDUSDT |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.020688 USDT
My targets
0.021439 USDT (+2.48%)
0.022551 USDT (+7.80%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MARLIN - POND/USDT as long as the price remains well above 0.020688 USDT. The buyers' bullish objective is set at 0.021439 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.022551 USDT. If there is any crossing, the next objective would be the resistance located at 0.024602 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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Additional analysis
Quotes
The MARLIN - POND/USDT price is 0.020920 USDT. The price registered an increase of +3.00% on the session and was between 0.019862 USDT and 0.021746 USDT. This implies that the price is at +5.33% from its lowest and at -3.80% from its highest.0.019862
0.021746
0.020920
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of MARLIN - POND/USDT indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.017721 | 0.018667 | 0.020688 | 0.020920 | 0.021439 | 0.022551 | 0.024602 |
| Change (%) | -15.29% | -10.77% | -1.11% | - | +2.48% | +7.80% | +17.60% |
| Change | -0.003199 | -0.002253 | -0.000232 | - | +0.000519 | +0.001631 | +0.003682 |
| Level | Intermediate | Minor | Minor | - | Intermediate | 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 | 0.012343 | 0.015653 | 0.017982 | 0.021292 | 0.023621 | 0.026931 | 0.029260 |
| Camarilla | 0.018760 | 0.019277 | 0.019794 | 0.020311 | 0.020828 | 0.021345 | 0.021862 |
| Woodie | 0.011853 | 0.015408 | 0.017492 | 0.021047 | 0.023131 | 0.026686 | 0.028770 |
| Fibonacci | 0.015653 | 0.017807 | 0.019138 | 0.021292 | 0.023446 | 0.024777 | 0.026931 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.012189 | 0.016435 | 0.018619 | 0.022865 | 0.025049 | 0.029295 | 0.031479 |
| Camarilla | 0.019034 | 0.019623 | 0.020213 | 0.020802 | 0.021391 | 0.021981 | 0.022570 |
| Woodie | 0.011157 | 0.015920 | 0.017587 | 0.022350 | 0.024017 | 0.028780 | 0.030447 |
| Fibonacci | 0.016435 | 0.018892 | 0.020409 | 0.022865 | 0.025322 | 0.026839 | 0.029295 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.005759 | 0.005671 | 0.011810 | 0.023240 | 0.029379 | 0.040809 | 0.046948 |
| Camarilla | 0.013119 | 0.014729 | 0.016340 | 0.017950 | 0.019561 | 0.021171 | 0.022782 |
| Woodie | -0.008404 | 0.004348 | 0.009166 | 0.021917 | 0.026735 | 0.039486 | 0.044304 |
| Fibonacci | 0.005671 | 0.012382 | 0.016528 | 0.023240 | 0.029951 | 0.034097 | 0.040809 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 56.20 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 13.220881 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.020812 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.019973 | |
| Elder Ray (13): | 0.000211 | |
| Super Trend (3,10): | 0.019770 | |
| Zig ZAG (10): | 0.020850 | |
| VORTEX (21): | 1.0038 | |
| Stochastique (14,3,5): | 59.87 | |
| TEMA (21): | 0.020748 | |
| Williams %R (14): | -46.50 | |
| Chande Momentum Oscillator (20): | 0.000790 | |
| Repulse (5,40,3): | 0.4908 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0866 | |
| Courbe Coppock: | 4.02 |
| MA7: | 0.019722 | |
| MA20: | 0.022055 | |
| MA50: | 0.027767 | |
| MA100: | 0.026225 | |
| MAexp7: | 0.020791 | |
| MAexp20: | 0.020558 | |
| MAexp50: | 0.020119 | |
| MAexp100: | 0.019880 | |
| Price / MA7: | +6.07% | |
| Price / MA20: | -5.15% | |
| Price / MA50: | -24.66% | |
| Price / MA100: | -20.23% | |
| Price / MAexp7: | +0.62% | |
| Price / MAexp20: | +1.76% | |
| Price / MAexp50: | +3.98% | |
| Price / MAexp100: | +5.23% |
Quotes :
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Real time data
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Cryptocompare