REQUEST - REQ/USD - 1H - Technical analysis published on 11/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.113717 USD
My targets
0.118658 USD (+0.87%)
0.125749 USD (+6.90%)
My analysis
The basic bullish trend is very strong on REQUEST NETWORK - REQ/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.113717 USD. Crossing the first resistance at 0.118658 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.125749 USD as an objective. Crossing it would then enable buyers to target 0.136603 USD. Caution, a return to below 0.113717 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.9
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 rating is 0.117629 USD. The price registered a decrease of -0.39% on the session and was traded between 0.116026 USD and 0.120081 USD over the period. The price is currently at +1.38% from its lowest and -2.04% from its highest.0.116026
0.120081
0.117629
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:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of REQUEST NETWORK - REQ/USD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.104657 | 0.106214 | 0.109867 | 0.117629 | 0.118658 | 0.136603 | 0.153748 |
| Change (%) | -11.03% | -9.70% | -6.60% | - | +0.87% | +16.13% | +30.71% |
| Change | -0.012972 | -0.011415 | -0.007762 | - | +0.001029 | +0.018974 | +0.036119 |
| Level | Minor | Minor | Major | - | Major | 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 | 0.100934 | 0.105136 | 0.111611 | 0.115813 | 0.122288 | 0.126490 | 0.132965 |
| Camarilla | 0.115150 | 0.116129 | 0.117107 | 0.118086 | 0.119065 | 0.120044 | 0.121022 |
| Woodie | 0.102071 | 0.105704 | 0.112748 | 0.116381 | 0.123425 | 0.127058 | 0.134102 |
| Fibonacci | 0.105136 | 0.109215 | 0.111734 | 0.115813 | 0.119892 | 0.122411 | 0.126490 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.081871 | 0.089047 | 0.100222 | 0.107398 | 0.118573 | 0.125749 | 0.136924 |
| Camarilla | 0.106351 | 0.108033 | 0.109715 | 0.111397 | 0.113079 | 0.114761 | 0.116444 |
| Woodie | 0.083871 | 0.090047 | 0.102222 | 0.108398 | 0.120573 | 0.126749 | 0.138924 |
| Fibonacci | 0.089047 | 0.096057 | 0.100388 | 0.107398 | 0.114408 | 0.118739 | 0.125749 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.071411 | 0.080309 | 0.085513 | 0.094411 | 0.099615 | 0.108513 | 0.113717 |
| Camarilla | 0.086838 | 0.088131 | 0.089423 | 0.090716 | 0.092009 | 0.093301 | 0.094594 |
| Woodie | 0.069563 | 0.079386 | 0.083665 | 0.093488 | 0.097767 | 0.107590 | 0.111869 |
| Fibonacci | 0.080309 | 0.085696 | 0.089024 | 0.094411 | 0.099798 | 0.103126 | 0.108513 |
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): | 56.42 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 9.062576 | |
| AROON (14): | 64.285714 | |
| DEMA (21): | 0.117536 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.112352 | |
| Elder Ray (13): | 0.001424 | |
| Super Trend (3,10): | 0.113171 | |
| Zig ZAG (10): | 0.117000 | |
| VORTEX (21): | 0.9713 | |
| Stochastique (14,3,5): | 89.22 | |
| TEMA (21): | 0.117618 | |
| Williams %R (14): | -22.61 | |
| Chande Momentum Oscillator (20): | 0.004669 | |
| Repulse (5,40,3): | 0.2574 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1356 | |
| Courbe Coppock: | 4.33 |
| MA7: | 0.108692 | |
| MA20: | 0.102928 | |
| MA50: | 0.097979 | |
| MA100: | 0.100359 | |
| MAexp7: | 0.117396 | |
| MAexp20: | 0.115723 | |
| MAexp50: | 0.113002 | |
| MAexp100: | 0.109830 | |
| Price / MA7: | +8.22% | |
| Price / MA20: | +14.28% | |
| Price / MA50: | +20.06% | |
| Price / MA100: | +17.21% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +1.65% | |
| Price / MAexp50: | +4.09% | |
| Price / MAexp100: | +7.10% |
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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