IEXEC - RLC/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	RLCUSD
ISIN:

IEXEC - RLC/USD - 1H - Technical analysis published on 01/24/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 2.15 USD

My targets

2.25 USD (+3.21%)

2.40 USD (+10.09%)

My analysis

The bullish trend is currently very strong on IEXEC - RLC/USD. As long as the price remains above the support at 2.15 USD, you could try to benefit from the boom. The first bullish objective is located at 2.25 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.40 USD as an objective. Crossing it would then enable buyers to target 2.56 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.9

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

The IEXEC - RLC/USD price is 2.18 USD. The price registered an increase of +2.35% on the session with the lowest point at 2.13 USD and the highest point at 2.27 USD. The deviation from the price is +2.35% for the low point and -3.96% for the high point.

2.13

2.27

2.18

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

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in 1H of this IEXEC - RLC/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

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

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.81	1.97	2.15	2.18	2.25	2.40	2.56
Change (%)	-16.97%	-9.63%	-1.38%	-	+3.21%	+10.09%	+17.43%
Change	-0.37	-0.21	-0.03	-	+0.07	+0.22	+0.38
Level	Major	Minor	Minor	-	Minor	Intermediate	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	1.59	1.78	1.95	2.14	2.31	2.50	2.67
Camarilla	2.03	2.06	2.10	2.13	2.16	2.20	2.23
Woodie	1.59	1.78	1.95	2.14	2.31	2.50	2.67
Fibonacci	1.78	1.91	2.00	2.14	2.27	2.36	2.50

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.42	0.92	1.39	1.89	2.36	2.86	3.33
Camarilla	1.58	1.67	1.76	1.85	1.94	2.03	2.12
Woodie	0.40	0.91	1.37	1.88	2.34	2.85	3.31
Fibonacci	0.92	1.29	1.52	1.89	2.26	2.49	2.86

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.98	1.18	1.45	1.65	1.92	2.12	2.39
Camarilla	1.58	1.62	1.67	1.71	1.75	1.80	1.84
Woodie	1.01	1.20	1.48	1.67	1.95	2.14	2.42
Fibonacci	1.18	1.36	1.47	1.65	1.83	1.94	2.12

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):	58.21
MACD (12,26,9):	0.0200
Directional Movement:	22.06
AROON (14):	28.57
DEMA (21):	2.16
Parabolic SAR (0,02-0,02-0,2):	2.03
Elder Ray (13):	0.07
Super Trend (3,10):	1.98
Zig ZAG (10):	2.19
VORTEX (21):	1.0600
Stochastique (14,3,5):	61.21
TEMA (21):	2.17
Williams %R (14):	-34.48
Chande Momentum Oscillator (20):	0.12
Repulse (5,40,3):	1.1600
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	8.54

MA7:	2.03
MA20:	1.66
MA50:	1.66
MA100:	1.47
MAexp7:	2.16
MAexp20:	2.14
MAexp50:	2.11
MAexp100:	2.03
Price / MA7:	+7.39%
Price / MA20:	+31.33%
Price / MA50:	+31.33%
Price / MA100:	+48.30%
Price / MAexp7:	+0.93%
Price / MAexp20:	+1.87%
Price / MAexp50:	+3.32%
Price / MAexp100:	+7.39%

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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