RAVENCOIN - RVN/USD - Weekly - Technical analysis published on 11/05/2021 (GMT)
- 178
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.129000 USD
My targets
0.155400 USD (+9.75%)
0.189133 USD (+33.57%)
My analysis
RAVENCOIN - RVN/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.129000 USD. The next resistance located at 0.155400 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.189133 USD. After this resistance, buyers could then target 0.234900 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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 baltbach. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RAVENCOIN - RVN/USD price is 0.141600 USD. The price registered an increase of +22.39% over 5 days and has been traded over the last 5 days between 0.115100 USD and 0.154000 USD. This implies that the 5 day price is +23.02% from its lowest point and -8.05% from its highest point.0.115100
0.154000
0.141600
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
Technical
Technical analysis of RAVENCOIN - RVN/USD in Weekly shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Weekly
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bullish
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Weekly
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 a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 0.089960 | 0.111900 | 0.129000 | 0.141600 | 0.155400 | 0.234900 |
Change (%) | -36.47% | -20.97% | -8.90% | - | +9.75% | +65.89% |
Change | -0.051640 | -0.029700 | -0.012600 | - | +0.013800 | +0.093300 |
Level | Intermediate | Major | Major | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.115200 | 0.123200 | 0.133700 | 0.141700 | 0.152200 | 0.160200 | 0.170700 |
Camarilla | 0.139113 | 0.140808 | 0.142504 | 0.144200 | 0.145896 | 0.147592 | 0.149288 |
Woodie | 0.116450 | 0.123825 | 0.134950 | 0.142325 | 0.153450 | 0.160825 | 0.171950 |
Fibonacci | 0.123200 | 0.130267 | 0.134633 | 0.141700 | 0.148767 | 0.153133 | 0.160200 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.079067 | 0.090033 | 0.102867 | 0.113833 | 0.126667 | 0.137633 | 0.150467 |
Camarilla | 0.109155 | 0.111337 | 0.113518 | 0.115700 | 0.117882 | 0.120063 | 0.122245 |
Woodie | 0.080000 | 0.090500 | 0.103800 | 0.114300 | 0.127600 | 0.138100 | 0.151400 |
Fibonacci | 0.090033 | 0.099125 | 0.104742 | 0.113833 | 0.122925 | 0.128542 | 0.137633 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.026267 | 0.060333 | 0.090667 | 0.124733 | 0.155067 | 0.189133 | 0.219467 |
Camarilla | 0.103290 | 0.109193 | 0.115097 | 0.121000 | 0.126903 | 0.132807 | 0.138710 |
Woodie | 0.024400 | 0.059400 | 0.088800 | 0.123800 | 0.153200 | 0.188200 | 0.217600 |
Fibonacci | 0.060333 | 0.084934 | 0.100133 | 0.124733 | 0.149334 | 0.164533 | 0.189133 |
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): | 57.40 | |
MACD (12,26,9): | 0.0072 | |
Directional Movement: | 13.519914 | |
AROON (14): | 14.285714 | |
DEMA (21): | 0.122118 | |
Parabolic SAR (0,02-0,02-0,2): | 0.070051 | |
Elder Ray (13): | 0.018844 | |
Super Trend (3,10): | 0.166612 | |
Zig ZAG (10): | 0.140400 | |
VORTEX (21): | 1.0825 | |
Stochastique (14,3,5): | 57.76 | |
TEMA (21): | 0.121586 | |
Williams %R (14): | -32.20 | |
Chande Momentum Oscillator (20): | -0.009600 | |
Repulse (5,40,3): | 21.3873 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.6180 | |
Courbe Coppock: | 147.01 |
MA7: | 0.129043 | |
MA20: | 0.118835 | |
MA50: | 0.110979 | |
MA100: | 0.115966 | |
MAexp7: | 0.121588 | |
MAexp20: | 0.113193 | |
MAexp50: | 0.097093 | |
MAexp100: | 0.077433 | |
Price / MA7: | +9.73% | |
Price / MA20: | +19.16% | |
Price / MA50: | +27.59% | |
Price / MA100: | +22.10% | |
Price / MAexp7: | +16.46% | |
Price / MAexp20: | +25.10% | |
Price / MAexp50: | +45.84% | |
Price / MAexp100: | +82.87% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis RAVENCOIN - RVN/USD - Weekly