RESERVE RIGHTS - RSR/USD - 1H - Technical analysis published on 07/29/2022 (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:
Neutral
Underlying:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 0.006263 USD
My targets
0.006454 USD (+1.40%)
0.006750 USD (+6.05%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on RESERVE RIGHTS - RSR/USD. As long as you are above the support located at 0.006263 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.006454 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.006750 USD as an objective. Crossing it would then enable buyers to target 0.007348 USD. If the support 0.006263 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RESERVE RIGHTS - RSR/USD rating 0.006365 USD. The price is lower by -0.08% since the last closing and was traded between 0.006235 USD and 0.007070 USD over the period. The price is currently at +2.09% from its lowest and -9.97% from its highest.0.006235
0.007070
0.006365
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this RESERVE RIGHTS - RSR/USD chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.005850 | 0.006047 | 0.006263 | 0.006365 | 0.006454 | 0.006750 | 0.007348 |
| Change (%) | -8.09% | -5.00% | -1.60% | - | +1.40% | +6.05% | +15.44% |
| Change | -0.000515 | -0.000318 | -0.000102 | - | +0.000089 | +0.000385 | +0.000983 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Minor |
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 | 0.005370 | 0.005670 | 0.006020 | 0.006320 | 0.006670 | 0.006970 | 0.007320 |
| Camarilla | 0.006191 | 0.006251 | 0.006310 | 0.006370 | 0.006430 | 0.006489 | 0.006549 |
| Woodie | 0.005395 | 0.005683 | 0.006045 | 0.006333 | 0.006695 | 0.006983 | 0.007345 |
| Fibonacci | 0.005670 | 0.005918 | 0.006072 | 0.006320 | 0.006568 | 0.006722 | 0.006970 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004303 | 0.005177 | 0.005753 | 0.006627 | 0.007203 | 0.008077 | 0.008653 |
| Camarilla | 0.005931 | 0.006064 | 0.006197 | 0.006330 | 0.006463 | 0.006596 | 0.006729 |
| Woodie | 0.004155 | 0.005103 | 0.005605 | 0.006553 | 0.007055 | 0.008003 | 0.008505 |
| Fibonacci | 0.005177 | 0.005731 | 0.006073 | 0.006627 | 0.007181 | 0.007523 | 0.008077 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000973 | 0.003312 | 0.005218 | 0.007557 | 0.009463 | 0.011802 | 0.013708 |
| Camarilla | 0.005958 | 0.006347 | 0.006736 | 0.007125 | 0.007514 | 0.007903 | 0.008292 |
| Woodie | 0.000758 | 0.003204 | 0.005003 | 0.007449 | 0.009248 | 0.011694 | 0.013493 |
| Fibonacci | 0.003312 | 0.004933 | 0.005935 | 0.007557 | 0.009178 | 0.010180 | 0.011802 |
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): | 48.97 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 13.042880 | |
| AROON (14): | 21.428572 | |
| DEMA (21): | 0.006524 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.007054 | |
| Elder Ray (13): | -0.000125 | |
| Super Trend (3,10): | 0.006215 | |
| Zig ZAG (10): | 0.006300 | |
| VORTEX (21): | 1.0053 | |
| Stochastique (14,3,5): | 21.36 | |
| TEMA (21): | 0.006502 | |
| Williams %R (14): | -89.22 | |
| Chande Momentum Oscillator (20): | -0.000050 | |
| Repulse (5,40,3): | -3.2511 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2122 | |
| Courbe Coppock: | 2.54 |
| MA7: | 0.006114 | |
| MA20: | 0.006411 | |
| MA50: | 0.007051 | |
| MA100: | 0.007311 | |
| MAexp7: | 0.006458 | |
| MAexp20: | 0.006417 | |
| MAexp50: | 0.006258 | |
| MAexp100: | 0.006171 | |
| Price / MA7: | +4.11% | |
| Price / MA20: | -0.72% | |
| Price / MA50: | -9.73% | |
| Price / MA100: | -12.94% | |
| Price / MAexp7: | -1.44% | |
| Price / MAexp20: | -0.81% | |
| Price / MAexp50: | +1.71% | |
| Price / MAexp100: | +3.14% |
Quotes :
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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.
About author
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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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