REQUEST - REQ/USD - 1H - Technical analysis published on 04/25/2024 (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:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.137136 USD
My targets
0.151032 USD (+5.76%)
0.155042 USD (+8.56%)
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 0.137136 USD. The buyers' bullish objective is set at 0.151032 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.155042 USD. If there is any crossing, the next objective would be the resistance located at 0.170193 USD.
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
7.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 0.142812 USD. On the day, this instrument gained +6.42% and was between 0.132203 USD and 0.143881 USD. This implies that the price is at +8.02% from its lowest and at -0.74% from its highest.0.132203
0.143881
0.142812
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this REQUEST NETWORK - REQ/USD chart shows a bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
In fact, 16 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
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.126158 | 0.129870 | 0.137136 | 0.142812 | 0.143292 | 0.151032 | 0.155042 |
| Change (%) | -11.66% | -9.06% | -3.97% | - | +0.34% | +5.76% | +8.56% |
| Change | -0.016654 | -0.012942 | -0.005676 | - | +0.000480 | +0.008220 | +0.012230 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | Minor |
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 | 0.118332 | 0.125499 | 0.129846 | 0.137013 | 0.141360 | 0.148527 | 0.152874 |
| Camarilla | 0.131027 | 0.132082 | 0.133138 | 0.134193 | 0.135249 | 0.136304 | 0.137359 |
| Woodie | 0.116922 | 0.124794 | 0.128436 | 0.136308 | 0.139950 | 0.147822 | 0.151464 |
| Fibonacci | 0.125499 | 0.129897 | 0.132615 | 0.137013 | 0.141411 | 0.144129 | 0.148527 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.096353 | 0.105078 | 0.119537 | 0.128262 | 0.142721 | 0.151446 | 0.165905 |
| Camarilla | 0.127620 | 0.129746 | 0.131871 | 0.133996 | 0.136121 | 0.138246 | 0.140372 |
| Woodie | 0.099220 | 0.106512 | 0.122404 | 0.129696 | 0.145588 | 0.152880 | 0.168772 |
| Fibonacci | 0.105078 | 0.113934 | 0.119406 | 0.128262 | 0.137118 | 0.142590 | 0.151446 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.009919 | 0.053645 | 0.108672 | 0.172236 | 0.227263 | 0.290827 | 0.345854 |
| Camarilla | 0.131088 | 0.141958 | 0.152829 | 0.163700 | 0.174571 | 0.185442 | 0.196313 |
| Woodie | -0.014187 | 0.051511 | 0.104405 | 0.170102 | 0.222996 | 0.288693 | 0.341587 |
| Fibonacci | 0.053645 | 0.098946 | 0.126934 | 0.172236 | 0.217537 | 0.245525 | 0.290827 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 70.13 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | 25.696304 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.138286 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.133945 | |
| Elder Ray (13): | 0.005020 | |
| Super Trend (3,10): | 0.136915 | |
| Zig ZAG (10): | 0.142812 | |
| VORTEX (21): | 1.2299 | |
| Stochastique (14,3,5): | 92.59 | |
| TEMA (21): | 0.139974 | |
| Williams %R (14): | -9.15 | |
| Chande Momentum Oscillator (20): | 0.008377 | |
| Repulse (5,40,3): | 2.5592 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0123 | |
| Courbe Coppock: | 7.34 |
| MA7: | 0.135910 | |
| MA20: | 0.140932 | |
| MA50: | 0.145961 | |
| MA100: | 0.123268 | |
| MAexp7: | 0.139804 | |
| MAexp20: | 0.137288 | |
| MAexp50: | 0.136801 | |
| MAexp100: | 0.135841 | |
| Price / MA7: | +5.08% | |
| Price / MA20: | +1.33% | |
| Price / MA50: | -2.16% | |
| Price / MA100: | +15.85% | |
| Price / MAexp7: | +2.15% | |
| Price / MAexp20: | +4.02% | |
| Price / MAexp50: | +4.39% | |
| Price / MAexp100: | +5.13% |
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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