RESERVE RIGHTS - RSR/USDT - 1H - Technical analysis published on 05/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 0.006336 USDT
My targets
0.005952 USDT (-4.91%)
0.005898 USDT (-5.77%)
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 0.006336 USDT. The sellers' bearish objective is set at 0.005952 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.005898 USDT. In case of crossing, the next objective would be the support located at 0.005424 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RESERVE RIGHTS - RSR/USDT rating 0.006259 USDT. On the day, this instrument lost -1.93% and was traded between 0.006161 USDT and 0.006475 USDT over the period. The price is currently at +1.59% from its lowest and -3.34% from its highest.0.006161
0.006475
0.006259
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of RESERVE RIGHTS - RSR/USDT in 1H shows a overall strongly bearish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 7 are bullish, 4 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
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 | 0.003910 | 0.005424 | 0.005898 | 0.006259 | 0.006336 | 0.006732 | 0.007486 |
| Change (%) | -37.53% | -13.34% | -5.77% | - | +1.23% | +7.56% | +19.60% |
| Change | -0.002349 | -0.000835 | -0.000361 | - | +0.000077 | +0.000473 | +0.001227 |
| Level | Major | Major | Minor | - | Major | Major | 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 | 0.005653 | 0.005989 | 0.006185 | 0.006521 | 0.006717 | 0.007053 | 0.007249 |
| Camarilla | 0.006236 | 0.006285 | 0.006333 | 0.006382 | 0.006431 | 0.006480 | 0.006528 |
| Woodie | 0.005584 | 0.005954 | 0.006116 | 0.006486 | 0.006648 | 0.007018 | 0.007180 |
| Fibonacci | 0.005989 | 0.006192 | 0.006317 | 0.006521 | 0.006724 | 0.006849 | 0.007053 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003975 | 0.004503 | 0.005424 | 0.005952 | 0.006873 | 0.007401 | 0.008322 |
| Camarilla | 0.005948 | 0.006080 | 0.006213 | 0.006346 | 0.006479 | 0.006612 | 0.006745 |
| Woodie | 0.004173 | 0.004601 | 0.005622 | 0.006050 | 0.007071 | 0.007499 | 0.008520 |
| Fibonacci | 0.004503 | 0.005056 | 0.005398 | 0.005952 | 0.006505 | 0.006847 | 0.007401 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.004650 | 0.000091 | 0.002757 | 0.007498 | 0.010164 | 0.014905 | 0.017571 |
| Camarilla | 0.003387 | 0.004066 | 0.004745 | 0.005424 | 0.006103 | 0.006782 | 0.007461 |
| Woodie | -0.005687 | -0.000428 | 0.001721 | 0.006979 | 0.009128 | 0.014386 | 0.016535 |
| Fibonacci | 0.000091 | 0.002920 | 0.004668 | 0.007498 | 0.010327 | 0.012075 | 0.014905 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.28 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -10.626078 | |
| AROON (14): | -64.285715 | |
| DEMA (21): | 0.006272 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.006165 | |
| Elder Ray (13): | -0.000036 | |
| Super Trend (3,10): | 0.006533 | |
| Zig ZAG (10): | 0.006346 | |
| VORTEX (21): | 0.8789 | |
| Stochastique (14,3,5): | 45.97 | |
| TEMA (21): | 0.006259 | |
| Williams %R (14): | -48.41 | |
| Chande Momentum Oscillator (20): | -0.000111 | |
| Repulse (5,40,3): | 1.0616 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1578 | |
| Courbe Coppock: | 3.63 |
| MA7: | 0.006509 | |
| MA20: | 0.006273 | |
| MA50: | 0.007771 | |
| MA100: | 0.005833 | |
| MAexp7: | 0.006297 | |
| MAexp20: | 0.006362 | |
| MAexp50: | 0.006475 | |
| MAexp100: | 0.006496 | |
| Price / MA7: | -3.84% | |
| Price / MA20: | -0.22% | |
| Price / MA50: | -19.46% | |
| Price / MA100: | +7.30% | |
| Price / MAexp7: | -0.60% | |
| Price / MAexp20: | -1.62% | |
| Price / MAexp50: | -3.34% | |
| Price / MAexp100: | -3.65% |
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.
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