REN - REN/USDT - 1H - Technical analysis published on 03/10/2023 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 0.082343 USDT
My targets
0.074587 USDT (-7.75%)
0.072660 USDT (-10.13%)
My analysis
REN - REN/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.082343 USDT. The next support located at 0.074587 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.072660 USDT. Below this support, sellers could then target 0.058932 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The REN - REN/USDT rating is 0.080850 USDT. The price is lower by -8.27% since the last closing and was between 0.079210 USDT and 0.088160 USDT. This implies that the price is at +2.07% from its lowest and at -8.29% from its highest.0.079210
0.088160
0.080850
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this REN - REN/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
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.
Caution: the Central Indicators scanner currently detects an excess:
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 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.058932 | 0.072660 | 0.080850 | 0.082343 | 0.090820 | 0.103189 |
| Change (%) | -27.11% | -10.13% | - | +1.85% | +12.33% | +27.63% |
| Change | -0.021918 | -0.008190 | - | +0.001493 | +0.009970 | +0.022339 |
| Level | Major | Intermediate | - | Major | Minor | 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 | 0.066093 | 0.076207 | 0.082173 | 0.092287 | 0.098253 | 0.108367 | 0.114333 |
| Camarilla | 0.083718 | 0.085192 | 0.086666 | 0.088140 | 0.089614 | 0.091088 | 0.092562 |
| Woodie | 0.064020 | 0.075170 | 0.080100 | 0.091250 | 0.096180 | 0.107330 | 0.112260 |
| Fibonacci | 0.076207 | 0.082349 | 0.086144 | 0.092287 | 0.098429 | 0.102224 | 0.108367 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.083533 | 0.098867 | 0.107533 | 0.122867 | 0.131533 | 0.146867 | 0.155533 |
| Camarilla | 0.109600 | 0.111800 | 0.114000 | 0.116200 | 0.118400 | 0.120600 | 0.122800 |
| Woodie | 0.080200 | 0.097200 | 0.104200 | 0.121200 | 0.128200 | 0.145200 | 0.152200 |
| Fibonacci | 0.098867 | 0.108035 | 0.113699 | 0.122867 | 0.132035 | 0.137699 | 0.146867 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.013167 | 0.045073 | 0.074587 | 0.106493 | 0.136007 | 0.167913 | 0.197427 |
| Camarilla | 0.087210 | 0.092840 | 0.098470 | 0.104100 | 0.109730 | 0.115360 | 0.120991 |
| Woodie | 0.011970 | 0.044475 | 0.073390 | 0.105895 | 0.134810 | 0.167315 | 0.196230 |
| Fibonacci | 0.045073 | 0.068536 | 0.083031 | 0.106493 | 0.129956 | 0.144451 | 0.167913 |
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): | 30.80 | |
| MACD (12,26,9): | -0.0037 | |
| Directional Movement: | -16.705647 | |
| AROON (14): | -92.857143 | |
| DEMA (21): | 0.078825 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.084094 | |
| Elder Ray (13): | -0.002453 | |
| Super Trend (3,10): | 0.085987 | |
| Zig ZAG (10): | 0.079770 | |
| VORTEX (21): | 0.8301 | |
| Stochastique (14,3,5): | 8.81 | |
| TEMA (21): | 0.079035 | |
| Williams %R (14): | -86.58 | |
| Chande Momentum Oscillator (20): | -0.005010 | |
| Repulse (5,40,3): | -0.8211 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6326 | |
| Courbe Coppock: | 11.31 |
| MA7: | 0.105070 | |
| MA20: | 0.102875 | |
| MA50: | 0.093042 | |
| MA100: | 0.085879 | |
| MAexp7: | 0.080952 | |
| MAexp20: | 0.083902 | |
| MAexp50: | 0.091383 | |
| MAexp100: | 0.099532 | |
| Price / MA7: | -23.05% | |
| Price / MA20: | -21.41% | |
| Price / MA50: | -13.10% | |
| Price / MA100: | -5.86% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -3.64% | |
| Price / MAexp50: | -11.53% | |
| Price / MAexp100: | -18.77% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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