RAVENCOIN - RVN/USD - 1H - Technical analysis published on 08/24/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.023847 USD
My targets
0.024877 USD (+4.04%)
0.025200 USD (+5.40%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on RAVENCOIN - RVN/USD. This is a positive signal for buyers. As long as the price remains above 0.023847 USD, a purchase could be considered. The first bullish objective is located at 0.024877 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.025200 USD as an objective. Crossing it would then enable buyers to target 0.026355 USD. In the event of a return below 0.023847 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
0
10
7
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Additional analysis
Quotes
The RAVENCOIN - RVN/USD price is 0.023910 USD. The price registered an increase of +2.18% on the session with the lowest point at 0.023060 USD and the highest point at 0.024240 USD. The deviation from the price is +3.69% for the low point and -1.36% for the high point.0.023060
0.024240
0.023910
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this RAVENCOIN - RVN/USD chart shows a bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.022460 | 0.023811 | 0.023910 | 0.025200 | 0.026355 | 0.028330 |
| Change (%) | -6.06% | -0.41% | - | +5.40% | +10.23% | +18.49% |
| Change | -0.001450 | -0.000099 | - | +0.001290 | +0.002445 | +0.004420 |
| Level | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.021403 | 0.022067 | 0.022733 | 0.023397 | 0.024063 | 0.024727 | 0.025393 |
| Camarilla | 0.023034 | 0.023156 | 0.023278 | 0.023400 | 0.023522 | 0.023644 | 0.023766 |
| Woodie | 0.021405 | 0.022068 | 0.022735 | 0.023398 | 0.024065 | 0.024728 | 0.025395 |
| Fibonacci | 0.022067 | 0.022575 | 0.022889 | 0.023397 | 0.023905 | 0.024219 | 0.024727 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.015443 | 0.018897 | 0.021423 | 0.024877 | 0.027403 | 0.030857 | 0.033383 |
| Camarilla | 0.022306 | 0.022854 | 0.023402 | 0.023950 | 0.024498 | 0.025046 | 0.025595 |
| Woodie | 0.014980 | 0.018665 | 0.020960 | 0.024645 | 0.026940 | 0.030625 | 0.032920 |
| Fibonacci | 0.018897 | 0.021181 | 0.022592 | 0.024877 | 0.027161 | 0.028572 | 0.030857 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.84 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 22.674769 | |
| AROON (14): | 85.714283 | |
| DEMA (21): | 0.023912 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.023764 | |
| Elder Ray (13): | 0.000254 | |
| Super Trend (3,10): | 0.023430 | |
| Zig ZAG (10): | 0.024050 | |
| VORTEX (21): | 1.0766 | |
| Stochastique (14,3,5): | 86.55 | |
| TEMA (21): | 0.024087 | |
| Williams %R (14): | -16.10 | |
| Chande Momentum Oscillator (20): | 0.000830 | |
| Repulse (5,40,3): | 0.5782 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0788 | |
| Courbe Coppock: | 5.73 |
| MA7: | 0.023956 | |
| MA20: | 0.023741 | |
| MA50: | 0.019767 | |
| MA100: | 0.024754 | |
| MAexp7: | 0.023954 | |
| MAexp20: | 0.023680 | |
| MAexp50: | 0.023541 | |
| MAexp100: | 0.023691 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | +0.71% | |
| Price / MA50: | +20.96% | |
| Price / MA100: | -3.41% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | +0.97% | |
| Price / MAexp50: | +1.57% | |
| Price / MAexp100: | +0.92% |
Quotes :
2020-08-24 15:58:24
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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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