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REEF - REEF/USD
REEF - REEF/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: REEFUSD
ISIN:

REEF - REEF/USD - 1H - Technical analysis published on 10/12/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 0.001243 USD
My targets
0.001194 USD (-2.45%)
0.001091 USD (-10.87%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.001243 USD remains possible. It is advisable to trade REEF - REEF/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.001243 USD. The next bearish objective for sellers is set at 0.001194 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.001091 USD. PS: if there is a bullish break in the resistance located at 0.001243 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.5

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The REEF - REEF/USD price is 0.001224 USD. On the day, this instrument lost -0.16% with the lowest point at 0.001203 USD and the highest point at 0.001232 USD. The deviation from the price is +1.75% for the low point and -0.65% for the high point.

0.001203
0.001232
0.001224

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by REEF - REEF/USD:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly


New LOW record (1 year)

Type : Bearish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this REEF - REEF/USD chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
ProTrendLines 0.001218 0.001224 0.001243 0.001273 0.001312
Change (%) -0.49% - +1.55% +4.00% +7.19%
Change -0.000006 - +0.000019 +0.000049 +0.000088
Level Intermediate - Minor Major Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0011700.0011880.0012070.0012250.0012440.0012620.001281
Camarilla0.0012160.0012190.0012230.0012260.0012290.0012330.001236
Woodie0.0011710.0011880.0012080.0012250.0012450.0012620.001282
Fibonacci0.0011880.0012020.0012110.0012250.0012390.0012480.001262


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0010910.0011940.0012630.0013660.0014350.0015380.001607
Camarilla0.0012850.0013010.0013160.0013320.0013480.0013640.001379
Woodie0.0010740.0011860.0012460.0013580.0014180.0015300.001590
Fibonacci0.0011940.0012600.0013000.0013660.0014320.0014720.001538


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0008670.0010600.0012280.0014210.0015890.0017820.001950
Camarilla0.0012960.0013290.0013620.0013950.0014280.0014610.001494
Woodie0.0008540.0010540.0012150.0014150.0015760.0017760.001937
Fibonacci0.0010600.0011980.0012830.0014210.0015590.0016440.001782

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): 53.65
MACD (12,26,9): 0.0000
Directional Movement: -5.194519
AROON (14): -21.428571
DEMA (21): 0.001220
Parabolic SAR (0,02-0,02-0,2): 0.001203
Elder Ray (13): 0.000005
Super Trend (3,10): 0.001240
Zig ZAG (10): 0.001227
VORTEX (21): 1.0408
Stochastique (14,3,5): 73.56
TEMA (21): 0.001223
Williams %R (14): -13.79
Chande Momentum Oscillator (20): 0.000013
Repulse (5,40,3): 1.0569
ROCnROLL: -1
TRIX (15,9): -0.0253
Courbe Coppock: 0.13
MA7: 0.001279
MA20: 0.001319
MA50: 0.001345
MA100: 0.001463
MAexp7: 0.001223
MAexp20: 0.001223
MAexp50: 0.001231
MAexp100: 0.001254
Price / MA7: -4.30%
Price / MA20: -7.20%
Price / MA50: -9.00%
Price / MA100: -16.34%
Price / MAexp7: +0.08%
Price / MAexp20: +0.08%
Price / MAexp50: -0.57%
Price / MAexp100: -2.39%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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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…

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