REEF - REEF/USD - 1H - Technical analysis published on 10/16/2021 (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 bullish
Underlying:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 0.028340 USD
My targets
0.031170 USD (+2.50%)
0.035457 USD (+16.60%)
My analysis
The bullish trend is currently very strong on REEF - REEF/USD. As long as the price remains above the support at 0.028340 USD, you could try to benefit from the boom. The first bullish objective is located at 0.031170 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.035457 USD as an objective. Crossing it would then enable buyers to target 0.045810 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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This analysis was given by alphakarl. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
REEF - REEF/USD rating 0.030410 USD. The price registered an increase of +13.60% on the session and was between 0.026100 USD and 0.034190 USD. This implies that the price is at +16.51% from its lowest and at -11.06% from its highest.0.026100
0.034190
0.030410
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by REEF - REEF/USD:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this REEF - REEF/USD chart shows a strongly bullish trend. 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 currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.026030 | 0.026780 | 0.028340 | 0.030410 | 0.031170 | 0.045810 | 0.051270 |
| Change (%) | -14.40% | -11.94% | -6.81% | - | +2.50% | +50.64% | +68.60% |
| Change | -0.004380 | -0.003630 | -0.002070 | - | +0.000760 | +0.015400 | +0.020860 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Major |
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 | 0.017677 | 0.020123 | 0.023447 | 0.025893 | 0.029217 | 0.031663 | 0.034987 |
| Camarilla | 0.025183 | 0.025712 | 0.026241 | 0.026770 | 0.027299 | 0.027828 | 0.028357 |
| Woodie | 0.018115 | 0.020343 | 0.023885 | 0.026113 | 0.029655 | 0.031883 | 0.035425 |
| Fibonacci | 0.020123 | 0.022328 | 0.023689 | 0.025893 | 0.028098 | 0.029459 | 0.031663 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017287 | 0.018523 | 0.019957 | 0.021193 | 0.022627 | 0.023863 | 0.025297 |
| Camarilla | 0.020656 | 0.020901 | 0.021145 | 0.021390 | 0.021635 | 0.021880 | 0.022124 |
| Woodie | 0.017385 | 0.018573 | 0.020055 | 0.021243 | 0.022725 | 0.023913 | 0.025395 |
| Fibonacci | 0.018523 | 0.019543 | 0.020173 | 0.021193 | 0.022213 | 0.022843 | 0.023863 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.000167 | 0.008277 | 0.013423 | 0.021867 | 0.027013 | 0.035457 | 0.040603 |
| Camarilla | 0.014833 | 0.016079 | 0.017324 | 0.018570 | 0.019816 | 0.021062 | 0.022307 |
| Woodie | -0.001815 | 0.007453 | 0.011775 | 0.021043 | 0.025365 | 0.034633 | 0.038955 |
| Fibonacci | 0.008277 | 0.013468 | 0.016675 | 0.021867 | 0.027058 | 0.030265 | 0.035457 |
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): | 61.83 | |
| MACD (12,26,9): | 0.0015 | |
| Directional Movement: | 23.625132 | |
| AROON (14): | 64.285717 | |
| DEMA (21): | 0.031203 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.030189 | |
| Elder Ray (13): | 0.000669 | |
| Super Trend (3,10): | 0.028110 | |
| Zig ZAG (10): | 0.030290 | |
| VORTEX (21): | 1.1516 | |
| Stochastique (14,3,5): | 58.68 | |
| TEMA (21): | 0.031793 | |
| Williams %R (14): | -46.51 | |
| Chande Momentum Oscillator (20): | 0.003420 | |
| Repulse (5,40,3): | -3.7925 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7669 | |
| Courbe Coppock: | 34.05 |
| MA7: | 0.023650 | |
| MA20: | 0.021326 | |
| MA50: | 0.022354 | |
| MA100: | 0.019947 | |
| MAexp7: | 0.030780 | |
| MAexp20: | 0.029263 | |
| MAexp50: | 0.027014 | |
| MAexp100: | 0.025123 | |
| Price / MA7: | +28.58% | |
| Price / MA20: | +42.60% | |
| Price / MA50: | +36.04% | |
| Price / MA100: | +52.45% | |
| Price / MAexp7: | -1.20% | |
| Price / MAexp20: | +3.92% | |
| Price / MAexp50: | +12.57% | |
| Price / MAexp100: | +21.04% |
Quotes :
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Real time data
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