REQUEST - REQ/USD - 1H - Technical analysis published on 04/08/2024 (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
67%
6%
28%
My opinion
Bullish above 0.162638 USD
My targets
0.170858 USD (+3.87%)
0.176996 USD (+7.60%)
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 0.162638 USD. The buyers' bullish objective is set at 0.170858 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.176996 USD. If there is any crossing, the next objective would be the resistance located at 0.189100 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
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
REQUEST NETWORK - REQ/USD rating 0.164495 USD. On the day, this instrument lost -0.25% and was between 0.163197 USD and 0.165102 USD. This implies that the price is at +0.80% from its lowest and at -0.37% from its highest.0.163197
0.165102
0.164495
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:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 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. 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.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.149204 | 0.155042 | 0.162638 | 0.164495 | 0.170858 | 0.176996 | 0.189100 |
| Change (%) | -9.30% | -5.75% | -1.13% | - | +3.87% | +7.60% | +14.96% |
| Change | -0.015291 | -0.009453 | -0.001857 | - | +0.006363 | +0.012501 | +0.024605 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.151461 | 0.155184 | 0.160043 | 0.163766 | 0.168625 | 0.172348 | 0.177207 |
| Camarilla | 0.162543 | 0.163330 | 0.164116 | 0.164903 | 0.165690 | 0.166476 | 0.167263 |
| Woodie | 0.152030 | 0.155468 | 0.160612 | 0.164050 | 0.169194 | 0.172632 | 0.177776 |
| Fibonacci | 0.155184 | 0.158462 | 0.160487 | 0.163766 | 0.167044 | 0.169069 | 0.172348 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.115992 | 0.131756 | 0.145469 | 0.161233 | 0.174946 | 0.190710 | 0.204423 |
| Camarilla | 0.151077 | 0.153779 | 0.156481 | 0.159183 | 0.161885 | 0.164587 | 0.167289 |
| Woodie | 0.114968 | 0.131243 | 0.144445 | 0.160720 | 0.173922 | 0.190197 | 0.203399 |
| Fibonacci | 0.131756 | 0.143016 | 0.149973 | 0.161233 | 0.172493 | 0.179450 | 0.190710 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.025372 | 0.041282 | 0.102491 | 0.169145 | 0.230354 | 0.297008 | 0.358217 |
| Camarilla | 0.128538 | 0.140259 | 0.151979 | 0.163700 | 0.175421 | 0.187142 | 0.198862 |
| Woodie | -0.028095 | 0.039921 | 0.099769 | 0.167784 | 0.227632 | 0.295647 | 0.355495 |
| Fibonacci | 0.041282 | 0.090126 | 0.120301 | 0.169145 | 0.217989 | 0.248164 | 0.297008 |
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): | 56.23 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 9.619063 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.164726 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.161268 | |
| Elder Ray (13): | 0.000510 | |
| Super Trend (3,10): | 0.160180 | |
| Zig ZAG (10): | 0.164497 | |
| VORTEX (21): | 1.0394 | |
| Stochastique (14,3,5): | 53.71 | |
| TEMA (21): | 0.164286 | |
| Williams %R (14): | -46.67 | |
| Chande Momentum Oscillator (20): | 0.000205 | |
| Repulse (5,40,3): | 0.0551 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0930 | |
| Courbe Coppock: | 1.00 |
| MA7: | 0.157967 | |
| MA20: | 0.156737 | |
| MA50: | 0.138784 | |
| MA100: | 0.115464 | |
| MAexp7: | 0.164022 | |
| MAexp20: | 0.163445 | |
| MAexp50: | 0.161331 | |
| MAexp100: | 0.159606 | |
| Price / MA7: | +4.13% | |
| Price / MA20: | +4.95% | |
| Price / MA50: | +18.53% | |
| Price / MA100: | +42.46% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | +0.64% | |
| Price / MAexp50: | +1.96% | |
| Price / MAexp100: | +3.06% |
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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