REN - REN/USDT

- USDT (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	RENUSDT
ISIN:

REN - REN/USDT - Daily - Technical analysis published on 06/25/2020 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 0.135997 USDT

My targets

0.163193 USDT (+2.00%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on REN - REN/USDT as long as the price remains well above 0.135997 USDT. The buyers” bullish objective is set at 0.163193 USDT. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

Comment on the analysis

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 Addareea. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The REN - REN/USDT rating is 0.160000 USDT. The price registered a decrease of -5.88% on the session and was between 0.144100 USDT and 0.170900 USDT. This implies that the price is at +11.03% from its lowest and at -6.38% from its highest.

0.144100

0.170900

0.160000

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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 Daily of this REN - REN/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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

Price

	S3	S2	S1	Price
ProTrendLines	0.063907	0.086030	0.100600	0.160000
Change (%)	-60.06%	-46.23%	-37.13%	-
Change	-0.096093	-0.073970	-0.059400	-
Level	Minor	Intermediate	Intermediate	-

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	0.135167	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 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):	76.98
MACD (12,26,9):	0.0175
Directional Movement:	28.041089
AROON (14):	92.857140
DEMA (21):	0.142796
Parabolic SAR (0,02-0,02-0,2):	0.125250
Elder Ray (13):	0.025262
Super Trend (3,10):	0.123395
Zig ZAG (10):	0.163400
VORTEX (21):	1.1905
Stochastique (14,3,5):	90.30
TEMA (21):	0.153264
Williams %R (14):	-14.31
Chande Momentum Oscillator (20):	0.061800
Repulse (5,40,3):	19.3446
ROCnROLL:	1
TRIX (15,9):	1.6724
Courbe Coppock:	111.04

MA7:	0.140914
MA20:	0.113992
MA50:	0.097301
MA100:	0.075307
MAexp7:	0.145697
MAexp20:	0.122153
MAexp50:	0.101450
MAexp100:	0.084705
Price / MA7:	+13.54%
Price / MA20:	+40.36%
Price / MA50:	+64.44%
Price / MA100:	+112.46%
Price / MAexp7:	+9.82%
Price / MAexp20:	+30.98%
Price / MAexp50:	+57.71%
Price / MAexp100:	+88.89%

Quotes : 2020-06-25 21:15:53 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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