REQUEST - REQ/USD - 1H - Technical analysis published on 08/05/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.081410 USD
My targets
0.089480 USD (+6.33%)
0.091133 USD (+8.30%)
My analysis
REQUEST NETWORK - REQ/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.081410 USD. The next resistance located at 0.089480 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.091133 USD. After this resistance, buyers could then target 0.106238 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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Additional analysis
Quotes
The REQUEST NETWORK - REQ/USD price is 0.084150 USD. The price registered an increase of +1.07% on the session with the lowest point at 0.083240 USD and the highest point at 0.084230 USD. The deviation from the price is +1.09% for the low point and -0.09% for the high point.0.083240
0.084230
0.084150
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of REQUEST NETWORK - REQ/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.076943 | 0.077807 | 0.079340 | 0.084150 | 0.091133 | 0.106238 | 0.119400 |
| Change (%) | -8.56% | -7.54% | -5.72% | - | +8.30% | +26.25% | +41.89% |
| Change | -0.007207 | -0.006343 | -0.004810 | - | +0.006983 | +0.022088 | +0.035250 |
| Level | Intermediate | Intermediate | Minor | - | 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 | 0.061787 | 0.067773 | 0.075517 | 0.081503 | 0.089247 | 0.095233 | 0.102977 |
| Camarilla | 0.079484 | 0.080743 | 0.082001 | 0.083260 | 0.084519 | 0.085777 | 0.087036 |
| Woodie | 0.062665 | 0.068213 | 0.076395 | 0.081943 | 0.090125 | 0.095673 | 0.103855 |
| Fibonacci | 0.067773 | 0.073018 | 0.076259 | 0.081503 | 0.086748 | 0.089989 | 0.095233 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.065270 | 0.069480 | 0.073340 | 0.077550 | 0.081410 | 0.085620 | 0.089480 |
| Camarilla | 0.074981 | 0.075721 | 0.076460 | 0.077200 | 0.077940 | 0.078680 | 0.079419 |
| Woodie | 0.065095 | 0.069393 | 0.073165 | 0.077463 | 0.081235 | 0.085533 | 0.089305 |
| Fibonacci | 0.069480 | 0.072563 | 0.074467 | 0.077550 | 0.080633 | 0.082537 | 0.085620 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.026157 | 0.049923 | 0.062367 | 0.086133 | 0.098577 | 0.122343 | 0.134787 |
| Camarilla | 0.064852 | 0.068172 | 0.071491 | 0.074810 | 0.078129 | 0.081449 | 0.084768 |
| Woodie | 0.020495 | 0.047093 | 0.056705 | 0.083303 | 0.092915 | 0.119513 | 0.129125 |
| Fibonacci | 0.049923 | 0.063756 | 0.072301 | 0.086133 | 0.099966 | 0.108511 | 0.122343 |
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): | 79.81 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 66.958346 | |
| AROON (14): | 71.428572 | |
| DEMA (21): | 0.077019 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.075424 | |
| Elder Ray (13): | 0.003465 | |
| Super Trend (3,10): | 0.077435 | |
| Zig ZAG (10): | 0.080070 | |
| VORTEX (21): | 1.2040 | |
| Stochastique (14,3,5): | 61.89 | |
| TEMA (21): | 0.077990 | |
| Williams %R (14): | -50.84 | |
| Chande Momentum Oscillator (20): | 0.006480 | |
| Repulse (5,40,3): | 1.0652 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0524 | |
| Courbe Coppock: | 7.68 |
| MA7: | 0.076370 | |
| MA20: | 0.077212 | |
| MA50: | 0.078197 | |
| MA100: | 0.082253 | |
| MAexp7: | 0.077970 | |
| MAexp20: | 0.075680 | |
| MAexp50: | 0.075462 | |
| MAexp100: | 0.075420 | |
| Price / MA7: | +10.19% | |
| Price / MA20: | +8.99% | |
| Price / MA50: | +7.61% | |
| Price / MA100: | +2.31% | |
| Price / MAexp7: | +7.93% | |
| Price / MAexp20: | +11.19% | |
| Price / MAexp50: | +11.51% | |
| Price / MAexp100: | +11.58% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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