REQUEST - REQ/USD - 1H - Technical analysis published on 07/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 0.095794 USD
My targets
0.088562 USD (-6.09%)
0.074000 USD (-21.53%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on REQUEST NETWORK - REQ/USD. As long as you are under the resistance located at 0.095794 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.088562 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.074000 USD as an objective. If the resistance 0.095794 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
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
0.9
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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 0.094305 USD. The price is lower by -0.21% since the last closing and was between 0.085110 USD and 0.094806 USD. This implies that the price is at +10.80% from its lowest and at -0.53% from its highest.0.085110
0.094806
0.094305
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:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this REQUEST NETWORK - REQ/USD chart shows a 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 currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.074000 | 0.094305 | 0.099083 | 0.103001 | 0.108373 |
| Change (%) | -21.53% | - | +5.07% | +9.22% | +14.92% |
| Change | -0.020305 | - | +0.004778 | +0.008696 | +0.014068 |
| Level | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.081345 | 0.087778 | 0.091139 | 0.097572 | 0.100933 | 0.107366 | 0.110727 |
| Camarilla | 0.091808 | 0.092705 | 0.093603 | 0.094501 | 0.095399 | 0.096297 | 0.097194 |
| Woodie | 0.079810 | 0.087010 | 0.089604 | 0.096804 | 0.099398 | 0.106598 | 0.109192 |
| Fibonacci | 0.087778 | 0.091519 | 0.093830 | 0.097572 | 0.101313 | 0.103624 | 0.107366 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.088562 | 0.095794 | 0.100344 | 0.107576 | 0.112126 | 0.119358 | 0.123908 |
| Camarilla | 0.101655 | 0.102735 | 0.103815 | 0.104895 | 0.105975 | 0.107055 | 0.108135 |
| Woodie | 0.087222 | 0.095124 | 0.099004 | 0.106906 | 0.110786 | 0.118688 | 0.122568 |
| Fibonacci | 0.095794 | 0.100294 | 0.103075 | 0.107576 | 0.112076 | 0.114857 | 0.119358 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.039674 | 0.071349 | 0.090286 | 0.121961 | 0.140898 | 0.172573 | 0.191510 |
| Camarilla | 0.095304 | 0.099943 | 0.104583 | 0.109222 | 0.113861 | 0.118501 | 0.123140 |
| Woodie | 0.033304 | 0.068165 | 0.083916 | 0.118777 | 0.134528 | 0.169389 | 0.185140 |
| Fibonacci | 0.071349 | 0.090683 | 0.102628 | 0.121961 | 0.141295 | 0.153240 | 0.172573 |
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): | 51.68 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -7.710773 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.091133 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.088068 | |
| Elder Ray (13): | 0.001166 | |
| Super Trend (3,10): | 0.088337 | |
| Zig ZAG (10): | 0.094010 | |
| VORTEX (21): | 0.8809 | |
| Stochastique (14,3,5): | 92.58 | |
| TEMA (21): | 0.092455 | |
| Williams %R (14): | -2.70 | |
| Chande Momentum Oscillator (20): | 0.006202 | |
| Repulse (5,40,3): | 2.0430 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2826 | |
| Courbe Coppock: | 5.85 |
| MA7: | 0.103560 | |
| MA20: | 0.108252 | |
| MA50: | 0.125128 | |
| MA100: | 0.131389 | |
| MAexp7: | 0.093013 | |
| MAexp20: | 0.092849 | |
| MAexp50: | 0.096277 | |
| MAexp100: | 0.100314 | |
| Price / MA7: | -8.94% | |
| Price / MA20: | -12.88% | |
| Price / MA50: | -24.63% | |
| Price / MA100: | -28.22% | |
| Price / MAexp7: | +1.39% | |
| Price / MAexp20: | +1.57% | |
| Price / MAexp50: | -2.05% | |
| Price / MAexp100: | -5.99% |
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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