REQUEST - REQ/USD - 1H - Technical analysis published on 05/12/2023 (GMT)
- 174
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 0.087130 USD
My targets
0.084763 USD (-1.91%)
0.081770 USD (-5.37%)
My analysis
REQUEST NETWORK - REQ/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.087130 USD. The next support located at 0.084763 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.081770 USD. Below this support, sellers could then target 0.075828 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7
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 REQUEST NETWORK - REQ/USD price is 0.086410 USD. The price registered a decrease of -0.12% on the session and was between 0.086200 USD and 0.087400 USD. This implies that the price is at +0.24% from its lowest and at -1.13% from its highest.0.086200
0.087400
0.086410
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of REQUEST NETWORK - REQ/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is low given the direction of the technical indicators.
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
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.075828 | 0.081770 | 0.086410 | 0.087130 | 0.091300 | 0.092900 |
| Change (%) | -12.25% | -5.37% | - | +0.83% | +5.66% | +7.51% |
| Change | -0.010582 | -0.004640 | - | +0.000720 | +0.004890 | +0.006490 |
| Level | Major | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.073880 | 0.079890 | 0.083200 | 0.089210 | 0.092520 | 0.098530 | 0.101840 |
| Camarilla | 0.083947 | 0.084801 | 0.085656 | 0.086510 | 0.087364 | 0.088219 | 0.089073 |
| Woodie | 0.072530 | 0.079215 | 0.081850 | 0.088535 | 0.091170 | 0.097855 | 0.100490 |
| Fibonacci | 0.079890 | 0.083450 | 0.085650 | 0.089210 | 0.092770 | 0.094970 | 0.098530 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.079077 | 0.084763 | 0.088297 | 0.093983 | 0.097517 | 0.103203 | 0.106737 |
| Camarilla | 0.089295 | 0.090140 | 0.090985 | 0.091830 | 0.092675 | 0.093520 | 0.094366 |
| Woodie | 0.078000 | 0.084225 | 0.087220 | 0.093445 | 0.096440 | 0.102665 | 0.105660 |
| Fibonacci | 0.084763 | 0.088285 | 0.090461 | 0.093983 | 0.097505 | 0.099681 | 0.103203 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.050927 | 0.069903 | 0.081647 | 0.100623 | 0.112367 | 0.131343 | 0.143087 |
| Camarilla | 0.084942 | 0.087758 | 0.090574 | 0.093390 | 0.096206 | 0.099022 | 0.101838 |
| Woodie | 0.047310 | 0.068095 | 0.078030 | 0.098815 | 0.108750 | 0.129535 | 0.139470 |
| Fibonacci | 0.069903 | 0.081638 | 0.088888 | 0.100623 | 0.112358 | 0.119608 | 0.131343 |
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): | 43.06 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | 12.107279 | |
| AROON (14): | -21.428571 | |
| DEMA (21): | 0.086394 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.090184 | |
| Elder Ray (13): | -0.000357 | |
| Super Trend (3,10): | 0.088948 | |
| Zig ZAG (10): | 0.086500 | |
| VORTEX (21): | 0.8883 | |
| Stochastique (14,3,5): | 22.73 | |
| TEMA (21): | 0.086112 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | -0.000300 | |
| Repulse (5,40,3): | -0.5326 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1018 | |
| Courbe Coppock: | 3.57 |
| MA7: | 0.088793 | |
| MA20: | 0.092076 | |
| MA50: | 0.096272 | |
| MA100: | 0.100562 | |
| MAexp7: | 0.086600 | |
| MAexp20: | 0.087176 | |
| MAexp50: | 0.088019 | |
| MAexp100: | 0.088929 | |
| Price / MA7: | -2.68% | |
| Price / MA20: | -6.15% | |
| Price / MA50: | -10.24% | |
| Price / MA100: | -14.07% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.88% | |
| Price / MAexp50: | -1.83% | |
| Price / MAexp100: | -2.83% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis REQUEST - REQ/USD - 1H