REN - REN/USDT - 1H - Technical analysis published on 06/26/2020 (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:
Strongly bearish
De fond:
Neutral
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.162700 USDT
My targets
0.152400 USDT (-4.51%)
0.144100 USDT (-9.71%)
My analysis
The strong short-term decrease of REN - REN/USDT should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 0.162700 USDT, a sale could be considered. The first bearish objective is located at 0.152400 USDT. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 0.144100 USDT. If there is any crossing, the next objective would be support 0.123356 USDT. Caution, if there is a return to above 0.162700 USDT, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
2.9
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Additional analysis
Quotes
The REN - REN/USDT price is 0.159600 USDT. The price registered a decrease of -0.50% on the session and was traded between 0.156400 USDT and 0.168500 USDT over the period. The price is currently at +2.05% from its lowest and -5.28% from its highest.0.156400
0.168500
0.159600
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 neutral trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.123356 | 0.144100 | 0.152400 | 0.159600 | 0.162700 | 0.170900 | 0.176500 |
| Change (%) | -22.71% | -9.71% | -4.51% | - | +1.94% | +7.08% | +10.59% |
| Change | -0.036244 | -0.015500 | -0.007200 | - | +0.003100 | +0.011300 | +0.016900 |
| Level | Minor | Minor | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.119233 | 0.131667 | 0.146033 | 0.158467 | 0.172833 | 0.185267 | 0.199633 |
| Camarilla | 0.153030 | 0.155487 | 0.157943 | 0.160400 | 0.162857 | 0.165313 | 0.167770 |
| Woodie | 0.120200 | 0.132150 | 0.147000 | 0.158950 | 0.173800 | 0.185750 | 0.200600 |
| Fibonacci | 0.131667 | 0.141904 | 0.148229 | 0.158467 | 0.168704 | 0.175029 | 0.185267 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.76 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | 0.258249 | |
| AROON (14): | -78.571428 | |
| DEMA (21): | 0.160888 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.167840 | |
| Elder Ray (13): | -0.001916 | |
| Super Trend (3,10): | 0.152664 | |
| Zig ZAG (10): | 0.157500 | |
| VORTEX (21): | 0.8584 | |
| Stochastique (14,3,5): | 34.94 | |
| TEMA (21): | 0.159702 | |
| Williams %R (14): | -83.47 | |
| Chande Momentum Oscillator (20): | -0.005000 | |
| Repulse (5,40,3): | 0.0586 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0342 | |
| Courbe Coppock: | 1.85 |
| MA7: | 0.145657 | |
| MA20: | 0.117445 | |
| MA50: | 0.099098 | |
| MA100: | 0.076548 | |
| MAexp7: | 0.160932 | |
| MAexp20: | 0.161379 | |
| MAexp50: | 0.159926 | |
| MAexp100: | 0.152695 | |
| Price / MA7: | +9.57% | |
| Price / MA20: | +35.89% | |
| Price / MA50: | +61.05% | |
| Price / MA100: | +108.50% | |
| Price / MAexp7: | -0.83% | |
| Price / MAexp20: | -1.10% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | +4.52% |
Quotes :
2020-06-26 14:45:18
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Real time data
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