REQUEST - REQ/USD - 1H - Technical analysis published on 02/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.113297 USD
My targets
0.140006 USD (+1.54%)
0.157151 USD (+13.98%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on REQUEST NETWORK - REQ/USD as long as the price remains well above 0.113297 USD. The buyers' bullish objective is set at 0.140006 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.157151 USD. If there is any crossing, the next objective would be the resistance located at 0.277800 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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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 0.137879 USD. The price has increased by +34.39% since the last closing with the lowest point at 0.097739 USD and the highest point at 0.163541 USD. The deviation from the price is +41.07% for the low point and -15.69% for the high point.0.097739
0.163541
0.137879
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Long black line
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.096796 | 0.101417 | 0.113297 | 0.137879 | 0.277800 | 0.387400 | 0.753200 |
| Change (%) | -29.80% | -26.44% | -17.83% | - | +101.48% | +180.97% | +446.28% |
| Change | -0.041083 | -0.036462 | -0.024582 | - | +0.139921 | +0.249521 | +0.615321 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.057298 | 0.070638 | 0.086618 | 0.099958 | 0.115938 | 0.129278 | 0.145258 |
| Camarilla | 0.094536 | 0.097224 | 0.099911 | 0.102599 | 0.105287 | 0.107974 | 0.110662 |
| Woodie | 0.058619 | 0.071298 | 0.087939 | 0.100618 | 0.117259 | 0.129938 | 0.146579 |
| Fibonacci | 0.070638 | 0.081838 | 0.088757 | 0.099958 | 0.111158 | 0.118077 | 0.129278 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.072537 | 0.076320 | 0.079512 | 0.083295 | 0.086487 | 0.090270 | 0.093462 |
| Camarilla | 0.080785 | 0.081424 | 0.082064 | 0.082703 | 0.083342 | 0.083982 | 0.084621 |
| Woodie | 0.072241 | 0.076172 | 0.079216 | 0.083147 | 0.086191 | 0.090122 | 0.093166 |
| Fibonacci | 0.076320 | 0.078985 | 0.080631 | 0.083295 | 0.085960 | 0.087606 | 0.090270 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017798 | 0.047104 | 0.064249 | 0.093555 | 0.110700 | 0.140006 | 0.157151 |
| Camarilla | 0.068621 | 0.072879 | 0.077137 | 0.081395 | 0.085653 | 0.089911 | 0.094169 |
| Woodie | 0.011719 | 0.044064 | 0.058170 | 0.090515 | 0.104621 | 0.136966 | 0.151072 |
| Fibonacci | 0.047104 | 0.064848 | 0.075810 | 0.093555 | 0.111299 | 0.122261 | 0.140006 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 76.31 | |
| MACD (12,26,9): | 0.0122 | |
| Directional Movement: | 51.329519 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.127252 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.109620 | |
| Elder Ray (13): | 0.019926 | |
| Super Trend (3,10): | 0.114755 | |
| Zig ZAG (10): | 0.137733 | |
| VORTEX (21): | 1.2631 | |
| Stochastique (14,3,5): | 72.30 | |
| TEMA (21): | 0.134444 | |
| Williams %R (14): | -40.02 | |
| Chande Momentum Oscillator (20): | 0.037320 | |
| Repulse (5,40,3): | 0.8544 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.2543 | |
| Courbe Coppock: | 62.21 |
| MA7: | 0.093850 | |
| MA20: | 0.086918 | |
| MA50: | 0.090448 | |
| MA100: | 0.088177 | |
| MAexp7: | 0.129029 | |
| MAexp20: | 0.110199 | |
| MAexp50: | 0.099899 | |
| MAexp100: | 0.092780 | |
| Price / MA7: | +46.91% | |
| Price / MA20: | +58.63% | |
| Price / MA50: | +52.44% | |
| Price / MA100: | +56.37% | |
| Price / MAexp7: | +6.86% | |
| Price / MAexp20: | +25.12% | |
| Price / MAexp50: | +38.02% | |
| Price / MAexp100: | +48.61% |
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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