RESERVE RIGHTS - RSR/USD - 1H - Technical analysis published on 08/30/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.006350 USD
My targets
0.006698 USD (+4.82%)
0.007022 USD (+9.89%)
My analysis
RESERVE RIGHTS - RSR/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 0.006350 USD. The next resistance located at 0.006698 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 0.007022 USD. After this resistance, buyers could then target 0.008530 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.
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
8.6
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RESERVE RIGHTS - RSR/USD rating is 0.006390 USD. The price registered an increase of +2.24% on the session and was between 0.006200 USD and 0.006410 USD. This implies that the price is at +3.06% from its lowest and at -0.31% from its highest.0.006200
0.006410
0.006390
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RESERVE RIGHTS - RSR/USD:
Technical
A technical analysis in 1H of this RESERVE RIGHTS - RSR/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.006088 | 0.006230 | 0.006350 | 0.006390 | 0.008530 | 0.011540 | 0.014570 |
| Change (%) | -4.73% | -2.50% | -0.63% | - | +33.49% | +80.59% | +128.01% |
| Change | -0.000302 | -0.000160 | -0.000040 | - | +0.002140 | +0.005150 | +0.008180 |
| Level | Minor | Minor | Major | - | Minor | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.005105 | 0.005340 | 0.005795 | 0.006030 | 0.006485 | 0.006720 | 0.007175 |
| Camarilla | 0.006060 | 0.006124 | 0.006187 | 0.006250 | 0.006313 | 0.006377 | 0.006440 |
| Woodie | 0.005215 | 0.005395 | 0.005905 | 0.006085 | 0.006595 | 0.006775 | 0.007285 |
| Fibonacci | 0.005340 | 0.005604 | 0.005766 | 0.006030 | 0.006294 | 0.006456 | 0.006720 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004637 | 0.005108 | 0.005432 | 0.005903 | 0.006227 | 0.006698 | 0.007022 |
| Camarilla | 0.005536 | 0.005609 | 0.005682 | 0.005755 | 0.005828 | 0.005901 | 0.005974 |
| Woodie | 0.004563 | 0.005071 | 0.005358 | 0.005866 | 0.006153 | 0.006661 | 0.006948 |
| Fibonacci | 0.005108 | 0.005412 | 0.005600 | 0.005903 | 0.006207 | 0.006395 | 0.006698 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003288 | 0.004412 | 0.005503 | 0.006627 | 0.007718 | 0.008842 | 0.009933 |
| Camarilla | 0.005986 | 0.006189 | 0.006392 | 0.006595 | 0.006798 | 0.007001 | 0.007204 |
| Woodie | 0.003273 | 0.004404 | 0.005488 | 0.006619 | 0.007703 | 0.008834 | 0.009918 |
| Fibonacci | 0.004412 | 0.005258 | 0.005781 | 0.006627 | 0.007473 | 0.007996 | 0.008842 |
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): | 77.56 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 32.326649 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 0.006208 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.006097 | |
| Elder Ray (13): | 0.000146 | |
| Super Trend (3,10): | 0.006065 | |
| Zig ZAG (10): | 0.006260 | |
| VORTEX (21): | 1.3402 | |
| Stochastique (14,3,5): | 94.68 | |
| TEMA (21): | 0.006288 | |
| Williams %R (14): | -8.00 | |
| Chande Momentum Oscillator (20): | 0.000330 | |
| Repulse (5,40,3): | 0.5401 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2410 | |
| Courbe Coppock: | 12.00 |
| MA7: | 0.005991 | |
| MA20: | 0.006566 | |
| MA50: | 0.006691 | |
| MA100: | 0.006953 | |
| MAexp7: | 0.006201 | |
| MAexp20: | 0.006062 | |
| MAexp50: | 0.005937 | |
| MAexp100: | 0.005921 | |
| Price / MA7: | +6.66% | |
| Price / MA20: | -2.68% | |
| Price / MA50: | -4.50% | |
| Price / MA100: | -8.10% | |
| Price / MAexp7: | +3.05% | |
| Price / MAexp20: | +5.41% | |
| Price / MAexp50: | +7.63% | |
| Price / MAexp100: | +7.92% |
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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