REQUEST - REQ/USD - 1H - Technical analysis published on 08/20/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 0.069790 USD
My targets
0.065544 USD (-2.58%)
0.062460 USD (-7.16%)
My analysis
The basic trend is bearish on REQUEST NETWORK - REQ/USD and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 0.069790 USD. Buyers would then use the next resistance located at 0.071180 USD as an objective. Crossing it would then enable buyers to target 0.073200 USD. If there is a return to below the support located at 0.065544 USD, this would be a sign of a reversal in the basic bearish trend.
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
0
10
0
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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 0.067280 USD. On the day, this instrument lost -0.03% and was traded between 0.067280 USD and 0.067300 USD over the period. The price is currently at 0% from its lowest and -0.03% from its highest.0.067280
0.067300
0.067280
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of REQUEST NETWORK - REQ/USD in 1H shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.062460 | 0.065544 | 0.067120 | 0.067280 | 0.071180 | 0.073200 | 0.078630 |
| Change (%) | -7.16% | -2.58% | -0.24% | - | +5.80% | +8.80% | +16.87% |
| Change | -0.004820 | -0.001736 | -0.000160 | - | +0.003900 | +0.005920 | +0.011350 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Major |
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 | 0.064153 | 0.065027 | 0.066163 | 0.067037 | 0.068173 | 0.069047 | 0.070183 |
| Camarilla | 0.066747 | 0.066932 | 0.067116 | 0.067300 | 0.067484 | 0.067669 | 0.067853 |
| Woodie | 0.064285 | 0.065093 | 0.066295 | 0.067103 | 0.068305 | 0.069113 | 0.070315 |
| Fibonacci | 0.065027 | 0.065795 | 0.066269 | 0.067037 | 0.067805 | 0.068279 | 0.069047 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.042820 | 0.052640 | 0.059970 | 0.069790 | 0.077120 | 0.086940 | 0.094270 |
| Camarilla | 0.062584 | 0.064156 | 0.065728 | 0.067300 | 0.068872 | 0.070444 | 0.072016 |
| Woodie | 0.041575 | 0.052018 | 0.058725 | 0.069168 | 0.075875 | 0.086318 | 0.093025 |
| Fibonacci | 0.052640 | 0.059191 | 0.063239 | 0.069790 | 0.076341 | 0.080389 | 0.086940 |
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): | 54.47 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 3.212082 | |
| AROON (14): | 64.285714 | |
| DEMA (21): | 0.067102 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.067030 | |
| Elder Ray (13): | 0.000159 | |
| Super Trend (3,10): | 0.066315 | |
| Zig ZAG (10): | 0.067300 | |
| VORTEX (21): | 1.0806 | |
| Stochastique (14,3,5): | 62.29 | |
| TEMA (21): | 0.067566 | |
| Williams %R (14): | -41.78 | |
| Chande Momentum Oscillator (20): | 0.000400 | |
| Repulse (5,40,3): | 0.0552 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.62 |
| MA7: | 0.071663 | |
| MA20: | 0.075363 | |
| MA50: | 0.077900 | |
| MA100: | 0.079650 | |
| MAexp7: | 0.067250 | |
| MAexp20: | 0.067017 | |
| MAexp50: | 0.067611 | |
| MAexp100: | 0.069604 | |
| Price / MA7: | -6.12% | |
| Price / MA20: | -10.73% | |
| Price / MA50: | -13.63% | |
| Price / MA100: | -15.53% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.39% | |
| Price / MAexp50: | -0.49% | |
| Price / MAexp100: | -3.34% |
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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