RIPIO CREDIT NETWORK - RCN/USDT - Daily - Technical analysis published on 11/28/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 0.036544 USDT
My targets
0.033204 USDT (-5.70%)
0.027942 USDT (-20.64%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on RIPIO - RCN/USDT as long as the price remains well below 0.036544 USDT. The next bearish objective for sellers is set at 0.033204 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.027942 USDT. In case of crossing, the next objective would be the support located at 0.015519 USDT.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
3.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RIPIO - RCN/USDT rating is 0.035210 USDT. The price registered a decrease of -28.14% on the session and was between 0.034080 USDT and 0.047800 USDT. This implies that the price is at +3.32% from its lowest and at -26.34% from its highest.0.034080
0.047800
0.035210
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
Here is a more detailed summary of the historical variations registered by RIPIO - RCN/USDT:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of RIPIO - RCN/USDT in Daily shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 3 are neutral and 11 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
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:
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 0.015519 | 0.027942 | 0.033204 | 0.035210 | 0.036544 | 0.042856 | 0.048100 |
| Change (%) | -55.92% | -20.64% | -5.70% | - | +3.79% | +21.72% | +36.61% |
| Change | -0.019691 | -0.007268 | -0.002006 | - | +0.001334 | +0.007646 | +0.012890 |
| Level | Minor | Minor | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.039667 | 0.041533 | 0.045267 | 0.047133 | 0.050867 | 0.052733 | 0.056467 |
| Camarilla | 0.047460 | 0.047973 | 0.048487 | 0.049000 | 0.049513 | 0.050027 | 0.050540 |
| Woodie | 0.040600 | 0.042000 | 0.046200 | 0.047600 | 0.051800 | 0.053200 | 0.057400 |
| Fibonacci | 0.041533 | 0.043673 | 0.044994 | 0.047133 | 0.049273 | 0.050594 | 0.052733 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.021937 | 0.028633 | 0.037117 | 0.043813 | 0.052297 | 0.058993 | 0.067477 |
| Camarilla | 0.041426 | 0.042817 | 0.044209 | 0.045600 | 0.046992 | 0.048383 | 0.049775 |
| Woodie | 0.022830 | 0.029080 | 0.038010 | 0.044260 | 0.053190 | 0.059440 | 0.068370 |
| Fibonacci | 0.028633 | 0.034432 | 0.038015 | 0.043813 | 0.049612 | 0.053195 | 0.058993 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.008490 | 0.019780 | 0.029840 | 0.041130 | 0.051190 | 0.062480 | 0.072540 |
| Camarilla | 0.034029 | 0.035986 | 0.037943 | 0.039900 | 0.041857 | 0.043814 | 0.045771 |
| Woodie | 0.007875 | 0.019473 | 0.029225 | 0.040823 | 0.050575 | 0.062173 | 0.071925 |
| Fibonacci | 0.019780 | 0.027936 | 0.032974 | 0.041130 | 0.049286 | 0.054324 | 0.062480 |
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): | 43.42 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -6.942331 | |
| AROON (14): | -57.142859 | |
| DEMA (21): | 0.043000 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.049000 | |
| Elder Ray (13): | -0.001700 | |
| Super Trend (3,10): | 0.032086 | |
| Zig ZAG (10): | 0.035210 | |
| VORTEX (21): | 0.8937 | |
| Stochastique (14,3,5): | 56.55 | |
| TEMA (21): | 0.041388 | |
| Williams %R (14): | -92.67 | |
| Chande Momentum Oscillator (20): | -0.012890 | |
| Repulse (5,40,3): | -26.5433 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1280 | |
| Courbe Coppock: | 15.01 |
| MA7: | 0.042256 | |
| MA20: | 0.043876 | |
| MA50: | 0.041772 | |
| MA100: | 0.032769 | |
| MAexp7: | 0.041898 | |
| MAexp20: | 0.042907 | |
| MAexp50: | 0.040747 | |
| MAexp100: | 0.035964 | |
| Price / MA7: | -16.67% | |
| Price / MA20: | -19.75% | |
| Price / MA50: | -15.71% | |
| Price / MA100: | +7.45% | |
| Price / MAexp7: | -15.96% | |
| Price / MAexp20: | -17.94% | |
| Price / MAexp50: | -13.59% | |
| Price / MAexp100: | -2.10% |
This member declared not having a position on this financial instrument or a related financial instrument.
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