RED TOKEN - RED/USDT - 15 min. - Technical analysis published on 02/11/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
RED TOKEN - RED/USDT Chart
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 0.001476 USDT
My targets
0.001710 USDT (+1.97%)
0.001868 USDT (+11.37%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on RED TOKEN - RED/USDT as long as the price remains well above 0.001476 USDT. The buyers' bullish objective is set at 0.001710 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.001868 USDT. If there is any crossing, the next objective would be the resistance located at 0.002159 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
6.8
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This analysis was given by Consciousconnection.
Additional analysis
Quotes
The RED TOKEN - RED/USDT rating is 0.001677 USDT. On the day, this instrument gained +41.76% and was traded between 0.001099 USDT and 0.001813 USDT over the period. The price is currently at +52.59% from its lowest and -7.50% from its highest.0.001099
0.001813
0.001677
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 15 min. chart of RED TOKEN - RED/USDT indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 | 0.000772 | 0.001126 | 0.001382 | 0.001677 | 0.001710 | 0.002159 | 0.002427 |
| Change (%) | -53.97% | -32.86% | -17.59% | - | +1.97% | +28.74% | +44.72% |
| Change | -0.000905 | -0.000551 | -0.000295 | - | +0.000033 | +0.000482 | +0.000750 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000906 | 0.001042 | 0.001113 | 0.001249 | 0.001320 | 0.001456 | 0.001527 |
| Camarilla | 0.001126 | 0.001145 | 0.001164 | 0.001183 | 0.001202 | 0.001221 | 0.001240 |
| Woodie | 0.000873 | 0.001026 | 0.001080 | 0.001233 | 0.001287 | 0.001440 | 0.001494 |
| Fibonacci | 0.001042 | 0.001121 | 0.001170 | 0.001249 | 0.001328 | 0.001377 | 0.001456 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.001524 | -0.000461 | 0.000413 | 0.001476 | 0.002350 | 0.003413 | 0.004287 |
| Camarilla | 0.000754 | 0.000932 | 0.001109 | 0.001287 | 0.001465 | 0.001642 | 0.001820 |
| Woodie | -0.001619 | -0.000508 | 0.000319 | 0.001429 | 0.002256 | 0.003366 | 0.004193 |
| Fibonacci | -0.000461 | 0.000279 | 0.000736 | 0.001476 | 0.002216 | 0.002673 | 0.003413 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.000439 | -0.000124 | 0.000330 | 0.000645 | 0.001099 | 0.001414 | 0.001868 |
| Camarilla | 0.000572 | 0.000642 | 0.000713 | 0.000783 | 0.000854 | 0.000924 | 0.000995 |
| Woodie | -0.000371 | -0.000089 | 0.000399 | 0.000680 | 0.001168 | 0.001449 | 0.001937 |
| Fibonacci | -0.000124 | 0.000170 | 0.000352 | 0.000645 | 0.000939 | 0.001121 | 0.001414 |
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): | 57.94 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 20.867145 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.001652 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.001749 | |
| Elder Ray (13): | -0.000002 | |
| Super Trend (3,10): | 0.001482 | |
| Zig ZAG (10): | 0.001593 | |
| VORTEX (21): | 1.0215 | |
| Stochastique (14,3,5): | 43.07 | |
| TEMA (21): | 0.001637 | |
| Williams %R (14): | -48.18 | |
| Chande Momentum Oscillator (20): | 0.000038 | |
| Repulse (5,40,3): | 0.4390 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7322 | |
| Courbe Coppock: | 1.22 |
| MA7: | 0.001515 | |
| MA20: | 0.001000 | |
| MA50: | 0.000875 | |
| MA100: | 0.001275 | |
| MAexp7: | 0.001606 | |
| MAexp20: | 0.001569 | |
| MAexp50: | 0.001449 | |
| MAexp100: | 0.001374 | |
| Price / MA7: | +10.69% | |
| Price / MA20: | +67.70% | |
| Price / MA50: | +91.66% | |
| Price / MA100: | +31.53% | |
| Price / MAexp7: | +4.42% | |
| Price / MAexp20: | +6.88% | |
| Price / MAexp50: | +15.73% | |
| Price / MAexp100: | +22.05% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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