RESERVE RIGHTS - RSR/USDT - 1H - Technical analysis published on 10/10/2022 (GMT)
- 177
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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 bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.007389 USDT
My targets
0.006722 USDT (-2.37%)
0.005780 USDT (-16.05%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on RESERVE RIGHTS - RSR/USDT as long as the price remains well below 0.007389 USDT. The sellers' bearish objective is set at 0.006722 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.005780 USDT. In case of crossing, the next objective would be the support located at 0.005673 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
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 EpicHaxer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RESERVE RIGHTS - RSR/USDT price is 0.006885 USDT. On the day, this instrument lost -8.33% and was between 0.006875 USDT and 0.007596 USDT. This implies that the price is at +0.15% from its lowest and at -9.36% from its highest.0.006875
0.007596
0.006885
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of RESERVE RIGHTS - RSR/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
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
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.004115 | 0.005673 | 0.006885 | 0.007843 | 0.008295 | 0.009058 |
| Change (%) | -40.23% | -17.60% | - | +13.91% | +20.48% | +31.56% |
| Change | -0.002770 | -0.001212 | - | +0.000958 | +0.001410 | +0.002173 |
| Level | Minor | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006737 | 0.007061 | 0.007286 | 0.007610 | 0.007835 | 0.008159 | 0.008384 |
| Camarilla | 0.007360 | 0.007410 | 0.007461 | 0.007511 | 0.007561 | 0.007612 | 0.007662 |
| Woodie | 0.006688 | 0.007036 | 0.007237 | 0.007585 | 0.007786 | 0.008134 | 0.008335 |
| Fibonacci | 0.007061 | 0.007271 | 0.007400 | 0.007610 | 0.007820 | 0.007949 | 0.008159 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004011 | 0.005780 | 0.006722 | 0.008491 | 0.009433 | 0.011202 | 0.012144 |
| Camarilla | 0.006919 | 0.007167 | 0.007416 | 0.007664 | 0.007913 | 0.008161 | 0.008410 |
| Woodie | 0.003598 | 0.005573 | 0.006309 | 0.008284 | 0.009020 | 0.010995 | 0.011731 |
| Fibonacci | 0.005780 | 0.006816 | 0.007455 | 0.008491 | 0.009527 | 0.010166 | 0.011202 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.002356 | 0.003771 | 0.005974 | 0.007389 | 0.009592 | 0.011007 | 0.013210 |
| Camarilla | 0.007181 | 0.007513 | 0.007844 | 0.008176 | 0.008508 | 0.008839 | 0.009171 |
| Woodie | 0.002749 | 0.003968 | 0.006367 | 0.007586 | 0.009985 | 0.011204 | 0.013603 |
| Fibonacci | 0.003771 | 0.005153 | 0.006007 | 0.007389 | 0.008771 | 0.009625 | 0.011007 |
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): | 20.66 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -34.915325 | |
| AROON (14): | -100.000000 | |
| DEMA (21): | 0.007057 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.007155 | |
| Elder Ray (13): | -0.000206 | |
| Super Trend (3,10): | 0.007262 | |
| Zig ZAG (10): | 0.006917 | |
| VORTEX (21): | 0.7541 | |
| Stochastique (14,3,5): | 4.65 | |
| TEMA (21): | 0.007013 | |
| Williams %R (14): | -99.19 | |
| Chande Momentum Oscillator (20): | -0.000580 | |
| Repulse (5,40,3): | -3.5802 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2458 | |
| Courbe Coppock: | 10.51 |
| MA7: | 0.008278 | |
| MA20: | 0.008180 | |
| MA50: | 0.006874 | |
| MA100: | 0.006860 | |
| MAexp7: | 0.007076 | |
| MAexp20: | 0.007260 | |
| MAexp50: | 0.007544 | |
| MAexp100: | 0.007923 | |
| Price / MA7: | -16.83% | |
| Price / MA20: | -15.83% | |
| Price / MA50: | +0.16% | |
| Price / MA100: | +0.36% | |
| Price / MAexp7: | -2.70% | |
| Price / MAexp20: | -5.17% | |
| Price / MAexp50: | -8.74% | |
| Price / MAexp100: | -13.10% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis RESERVE RIGHTS - RSR/USDT - 1H