REQUEST - REQ/USD - 1H - Technical analysis published on 04/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 0.130238 USD
My targets
0.121660 USD (-3.37%)
0.109100 USD (-13.34%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.130238 USD remains possible. It is advisable to trade REQUEST NETWORK - REQ/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.130238 USD. The next bearish objective for sellers is set at 0.121660 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.109100 USD. In case of crossing, the next objective would be the support located at 0.101303 USD. PS: if there is a bullish break in the resistance located at 0.130238 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.3
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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 rating is 0.125901 USD. The price registered a decrease of -0.08% on the session and was traded between 0.125401 USD and 0.127501 USD over the period. The price is currently at +0.40% from its lowest and -1.25% from its highest.0.125401
0.127501
0.125901
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of REQUEST NETWORK - REQ/USD in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.101303 | 0.109100 | 0.121660 | 0.125901 | 0.130238 | 0.136863 | 0.150393 |
| Change (%) | -19.54% | -13.34% | -3.37% | - | +3.44% | +8.71% | +19.45% |
| Change | -0.024598 | -0.016801 | -0.004241 | - | +0.004337 | +0.010962 | +0.024492 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Major |
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 | 0.113469 | 0.116934 | 0.121468 | 0.124933 | 0.129467 | 0.132932 | 0.137466 |
| Camarilla | 0.123801 | 0.124535 | 0.125268 | 0.126001 | 0.126734 | 0.127468 | 0.128201 |
| Woodie | 0.114003 | 0.117201 | 0.122002 | 0.125200 | 0.130001 | 0.133199 | 0.138000 |
| Fibonacci | 0.116934 | 0.119990 | 0.121878 | 0.124933 | 0.127989 | 0.129877 | 0.132932 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.029575 | 0.069337 | 0.093868 | 0.133630 | 0.158161 | 0.197923 | 0.222454 |
| Camarilla | 0.100717 | 0.106611 | 0.112505 | 0.118398 | 0.124292 | 0.130185 | 0.136079 |
| Woodie | 0.021959 | 0.065529 | 0.086252 | 0.129822 | 0.150545 | 0.194115 | 0.214838 |
| Fibonacci | 0.069337 | 0.093897 | 0.109070 | 0.133630 | 0.158190 | 0.173363 | 0.197923 |
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 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): | 49.34 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -1.627504 | |
| AROON (14): | 35.714285 | |
| DEMA (21): | 0.125402 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.122127 | |
| Elder Ray (13): | 0.000529 | |
| Super Trend (3,10): | 0.129411 | |
| Zig ZAG (10): | 0.125700 | |
| VORTEX (21): | 1.1269 | |
| Stochastique (14,3,5): | 69.12 | |
| TEMA (21): | 0.126009 | |
| Williams %R (14): | -39.71 | |
| Chande Momentum Oscillator (20): | 0.001204 | |
| Repulse (5,40,3): | -0.9449 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0608 | |
| Courbe Coppock: | 1.39 |
| MA7: | 0.131828 | |
| MA20: | 0.151088 | |
| MA50: | 0.143996 | |
| MA100: | 0.119975 | |
| MAexp7: | 0.126054 | |
| MAexp20: | 0.125753 | |
| MAexp50: | 0.127001 | |
| MAexp100: | 0.131433 | |
| Price / MA7: | -4.50% | |
| Price / MA20: | -16.67% | |
| Price / MA50: | -12.57% | |
| Price / MA100: | +4.94% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | -0.87% | |
| Price / MAexp100: | -4.21% |
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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