IEXEC - RLC/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	RLCUSD
ISIN:

IEXEC - RLC/USD - Daily - Technical analysis published on 05/21/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

39%

17%

44%

My opinion

Bearish under 1.66 USD

My targets

1.45 USD (-10.49%)

1.17 USD (-27.78%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on IEXEC - RLC/USD as long as the price remains well below 1.66 USD. The next bearish objective for sellers is set at 1.45 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.17 USD. If there is any crossing, the next objective would be the support located at 1.02 USD. 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 over sold items that could be a sign of a short-term correction.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

4.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

IEXEC - RLC/USD rating 1.62 USD. The price registered an increase of +2.53% on the session with the lowest point at 1.57 USD and the highest point at 1.63 USD. The deviation from the price is +3.18% for the low point and -0.61% for the high point.

1.57

1.63

1.62

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

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of IEXEC - RLC/USD in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 7 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.02	1.17	1.45	1.62	1.66	1.86	1.98
Change (%)	-37.04%	-27.78%	-10.49%	-	+2.47%	+14.81%	+22.22%
Change	-0.60	-0.45	-0.17	-	+0.04	+0.24	+0.36
Level	Minor	Intermediate	Intermediate	-	Minor	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	1.53	1.55	1.57	1.59	1.61	1.63	1.65
Camarilla	1.57	1.57	1.58	1.58	1.58	1.59	1.59
Woodie	1.52	1.55	1.56	1.59	1.60	1.63	1.64
Fibonacci	1.55	1.57	1.58	1.59	1.61	1.62	1.63

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.32	1.39	1.49	1.56	1.66	1.73	1.83
Camarilla	1.53	1.55	1.56	1.58	1.60	1.61	1.63
Woodie	1.33	1.40	1.50	1.57	1.67	1.74	1.84
Fibonacci	1.39	1.46	1.50	1.56	1.63	1.67	1.73

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.04	1.26	1.56	1.78	2.08	2.30	2.60
Camarilla	1.73	1.78	1.82	1.87	1.92	1.97	2.01
Woodie	1.09	1.28	1.61	1.80	2.13	2.32	2.65
Fibonacci	1.26	1.46	1.58	1.78	1.98	2.10	2.30

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):	48.62
MACD (12,26,9):	-0.0300
Directional Movement:	3.20
AROON (14):	-28.57
DEMA (21):	1.57
Parabolic SAR (0,02-0,02-0,2):	1.41
Elder Ray (13):	-0.01
Super Trend (3,10):	1.89
Zig ZAG (10):	1.61
VORTEX (21):	0.9000
Stochastique (14,3,5):	43.26
TEMA (21):	1.56
Williams %R (14):	-55.32
Chande Momentum Oscillator (20):	0.07
Repulse (5,40,3):	3.2500
ROCnROLL:	-1
TRIX (15,9):	-0.3300
Courbe Coppock:	18.18

MA7:	1.59
MA20:	1.63
MA50:	1.68
MA100:	1.74
MAexp7:	1.59
MAexp20:	1.61
MAexp50:	1.66
MAexp100:	1.66
Price / MA7:	+1.89%
Price / MA20:	-0.61%
Price / MA50:	-3.57%
Price / MA100:	-6.90%
Price / MAexp7:	+1.89%
Price / MAexp20:	+0.62%
Price / MAexp50:	-2.41%
Price / MAexp100:	-2.41%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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