REN - REN/USDT - 1H - Technical analysis published on 06/25/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
50%
28%
My opinion
Bullish above 0.152400 USDT
My targets
0.162700 USDT (+5.51%)
0.168900 USDT (+9.53%)
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 REN - REN/USDT. As long as you are above the support located at 0.152400 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.162700 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.168900 USDT as an objective. Crossing it would then enable buyers to target 0.176500 USDT. If the support 0.152400 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.6
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This analysis was given by Addareea. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The REN - REN/USDT rating is 0.154200 USDT. The price is lower by -9.29% since the last closing with the lowest point at 0.144100 USDT and the highest point at 0.169200 USDT. The deviation from the price is +7.01% for the low point and -8.87% for the high point.0.144100
0.169200
0.154200
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this REN - REN/USDT chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. 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 is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.113733 | 0.140500 | 0.152400 | 0.154200 | 0.162700 | 0.168900 | 0.176500 |
| Change (%) | -26.24% | -8.88% | -1.17% | - | +5.51% | +9.53% | +14.46% |
| Change | -0.040467 | -0.013700 | -0.001800 | - | +0.008500 | +0.014700 | +0.022300 |
| Level | Major | Intermediate | Minor | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.135167 | 0.144733 | 0.157367 | 0.166933 | 0.179567 | 0.189133 | 0.201767 |
| Camarilla | 0.163895 | 0.165930 | 0.167965 | 0.170000 | 0.172035 | 0.174070 | 0.176105 |
| Woodie | 0.136700 | 0.145500 | 0.158900 | 0.167700 | 0.181100 | 0.189900 | 0.203300 |
| Fibonacci | 0.144733 | 0.153214 | 0.158453 | 0.166933 | 0.175414 | 0.180653 | 0.189133 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.066433 | 0.080167 | 0.099233 | 0.112967 | 0.132033 | 0.145767 | 0.164833 |
| Camarilla | 0.109280 | 0.112287 | 0.115293 | 0.118300 | 0.121307 | 0.124313 | 0.127320 |
| Woodie | 0.069100 | 0.081500 | 0.101900 | 0.114300 | 0.134700 | 0.147100 | 0.167500 |
| Fibonacci | 0.080167 | 0.092696 | 0.100437 | 0.112967 | 0.125496 | 0.133237 | 0.145767 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014723 | 0.037017 | 0.064213 | 0.086507 | 0.113703 | 0.135997 | 0.163193 |
| Camarilla | 0.077800 | 0.082337 | 0.086873 | 0.091410 | 0.095947 | 0.100483 | 0.105020 |
| Woodie | 0.017175 | 0.038243 | 0.066665 | 0.087733 | 0.116155 | 0.137223 | 0.165645 |
| Fibonacci | 0.037017 | 0.055922 | 0.067602 | 0.086507 | 0.105412 | 0.117092 | 0.135997 |
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): | 43.48 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | -10.578403 | |
| AROON (14): | -49.999997 | |
| DEMA (21): | 0.163288 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.171456 | |
| Elder Ray (13): | -0.006580 | |
| Super Trend (3,10): | 0.165959 | |
| Zig ZAG (10): | 0.154200 | |
| VORTEX (21): | 0.8590 | |
| Stochastique (14,3,5): | 22.46 | |
| TEMA (21): | 0.159479 | |
| Williams %R (14): | -68.83 | |
| Chande Momentum Oscillator (20): | -0.011100 | |
| Repulse (5,40,3): | -0.2220 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3610 | |
| Courbe Coppock: | 5.36 |
| MA7: | 0.139657 | |
| MA20: | 0.113757 | |
| MA50: | 0.097185 | |
| MA100: | 0.075249 | |
| MAexp7: | 0.158204 | |
| MAexp20: | 0.160549 | |
| MAexp50: | 0.153483 | |
| MAexp100: | 0.143285 | |
| Price / MA7: | +10.41% | |
| Price / MA20: | +35.55% | |
| Price / MA50: | +58.67% | |
| Price / MA100: | +104.92% | |
| Price / MAexp7: | -2.53% | |
| Price / MAexp20: | -3.95% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +7.62% |
Quotes :
2020-06-25 04:21:44
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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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