RAVENCOIN - RVN/USD - 1H - Technical analysis published on 08/16/2020 (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 bullish
De fond:
Strongly bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 0.025110 USD
My targets
0.026350 USD (+4.15%)
0.027600 USD (+9.09%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on RAVENCOIN - RVN/USD as long as the price remains well above 0.025110 USD. The buyers” bullish objective is set at 0.026350 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.027600 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RAVENCOIN - RVN/USD rating is 0.025300 USD. The price registered an increase of +3.94% on the session with the lowest point at 0.024200 USD and the highest point at 0.026360 USD. The deviation from the price is +4.55% for the low point and -4.02% for the high point.0.024200
0.026360
0.025300
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on RAVENCOIN - RVN/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of RAVENCOIN - RVN/USD indicates that the overall trend is strongly bullish. 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 market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Downside gap
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.023010 | 0.024052 | 0.025110 | 0.025300 | 0.026350 | 0.027600 |
| Change (%) | -9.05% | -4.93% | -0.75% | - | +4.15% | +9.09% |
| Change | -0.002290 | -0.001248 | -0.000190 | - | +0.001050 | +0.002300 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.022473 | 0.023147 | 0.023743 | 0.024417 | 0.025013 | 0.025687 | 0.026283 |
| Camarilla | 0.023991 | 0.024107 | 0.024224 | 0.024340 | 0.024456 | 0.024573 | 0.024689 |
| Woodie | 0.022435 | 0.023128 | 0.023705 | 0.024398 | 0.024975 | 0.025668 | 0.026245 |
| Fibonacci | 0.023147 | 0.023632 | 0.023932 | 0.024417 | 0.024902 | 0.025202 | 0.025687 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014643 | 0.017887 | 0.021113 | 0.024357 | 0.027583 | 0.030827 | 0.034053 |
| Camarilla | 0.022561 | 0.023154 | 0.023747 | 0.024340 | 0.024933 | 0.025526 | 0.026119 |
| Woodie | 0.014635 | 0.017883 | 0.021105 | 0.024353 | 0.027575 | 0.030823 | 0.034045 |
| Fibonacci | 0.017887 | 0.020358 | 0.021885 | 0.024357 | 0.026828 | 0.028355 | 0.030827 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.016137 | 0.017273 | 0.018707 | 0.019843 | 0.021277 | 0.022413 | 0.023847 |
| Camarilla | 0.019433 | 0.019669 | 0.019904 | 0.020140 | 0.020376 | 0.020611 | 0.020847 |
| Woodie | 0.016285 | 0.017348 | 0.018855 | 0.019918 | 0.021425 | 0.022488 | 0.023995 |
| Fibonacci | 0.017273 | 0.018255 | 0.018862 | 0.019843 | 0.020825 | 0.021432 | 0.022413 |
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): | 53.47 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 3.296758 | |
| AROON (14): | 28.571428 | |
| DEMA (21): | 0.025465 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.026337 | |
| Elder Ray (13): | -0.000051 | |
| Super Trend (3,10): | 0.024835 | |
| Zig ZAG (10): | 0.025300 | |
| VORTEX (21): | 1.1080 | |
| Stochastique (14,3,5): | 49.45 | |
| TEMA (21): | 0.025557 | |
| Williams %R (14): | -54.08 | |
| Chande Momentum Oscillator (20): | 0.000190 | |
| Repulse (5,40,3): | 0.5499 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1343 | |
| Courbe Coppock: | 5.82 |
| MA7: | 0.023967 | |
| MA20: | 0.022295 | |
| MA50: | 0.020085 | |
| MA100: | 0.024614 | |
| MAexp7: | 0.025364 | |
| MAexp20: | 0.025190 | |
| MAexp50: | 0.024857 | |
| MAexp100: | 0.024390 | |
| Price / MA7: | +5.56% | |
| Price / MA20: | +13.48% | |
| Price / MA50: | +25.96% | |
| Price / MA100: | +2.79% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | +1.78% | |
| Price / MAexp100: | +3.73% |
Quotes :
2020-08-16 18:30:35
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Real time data
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