RESERVE RIGHTS - RSR/USD - 1H - Technical analysis published on 02/18/2023 (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
67%
6%
28%
My opinion
Bullish above 0.005249 USD
My targets
0.005683 USD (+3.89%)
0.006180 USD (+12.98%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on RESERVE RIGHTS - RSR/USD as long as the price remains well above 0.005249 USD. The buyers' bullish objective is set at 0.005683 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.006180 USD. If there is any crossing, the next objective would be the resistance located at 0.007460 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
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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 0.005470 USD. The price registered an increase of +8.53% on the session and was traded between 0.004970 USD and 0.005520 USD over the period. The price is currently at +10.06% from its lowest and -0.91% from its highest.0.004970
0.005520
0.005470
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of RESERVE RIGHTS - RSR/USD indicates that the overall trend is strongly bullish. 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 currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.004280 | 0.004580 | 0.005249 | 0.005470 | 0.005683 | 0.007460 | 0.008515 |
| Change (%) | -21.76% | -16.27% | -4.04% | - | +3.89% | +36.38% | +55.67% |
| Change | -0.001190 | -0.000890 | -0.000221 | - | +0.000213 | +0.001990 | +0.003045 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | 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 | 0.003428 | 0.003834 | 0.004437 | 0.004843 | 0.005446 | 0.005852 | 0.006455 |
| Camarilla | 0.004763 | 0.004855 | 0.004948 | 0.005040 | 0.005133 | 0.005225 | 0.005318 |
| Woodie | 0.003527 | 0.003883 | 0.004536 | 0.004892 | 0.005545 | 0.005901 | 0.006554 |
| Fibonacci | 0.003834 | 0.004219 | 0.004458 | 0.004843 | 0.005228 | 0.005467 | 0.005852 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.002650 | 0.003260 | 0.003640 | 0.004250 | 0.004630 | 0.005240 | 0.005620 |
| Camarilla | 0.003748 | 0.003839 | 0.003929 | 0.004020 | 0.004111 | 0.004202 | 0.004292 |
| Woodie | 0.002535 | 0.003203 | 0.003525 | 0.004193 | 0.004515 | 0.005183 | 0.005505 |
| Fibonacci | 0.003260 | 0.003638 | 0.003872 | 0.004250 | 0.004628 | 0.004862 | 0.005240 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000600 | 0.001580 | 0.002900 | 0.003880 | 0.005200 | 0.006180 | 0.007500 |
| Camarilla | 0.003588 | 0.003798 | 0.004009 | 0.004220 | 0.004431 | 0.004642 | 0.004853 |
| Woodie | 0.000770 | 0.001665 | 0.003070 | 0.003965 | 0.005370 | 0.006265 | 0.007670 |
| Fibonacci | 0.001580 | 0.002459 | 0.003001 | 0.003880 | 0.004759 | 0.005301 | 0.006180 |
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): | 60.07 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 18.549294 | |
| AROON (14): | 71.428572 | |
| DEMA (21): | 0.005248 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.004960 | |
| Elder Ray (13): | 0.000078 | |
| Super Trend (3,10): | 0.004777 | |
| Zig ZAG (10): | 0.005164 | |
| VORTEX (21): | 1.1197 | |
| Stochastique (14,3,5): | 72.64 | |
| TEMA (21): | 0.005269 | |
| Williams %R (14): | -47.08 | |
| Chande Momentum Oscillator (20): | 0.000154 | |
| Repulse (5,40,3): | 1.4477 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4433 | |
| Courbe Coppock: | 6.99 |
| MA7: | 0.004394 | |
| MA20: | 0.004286 | |
| MA50: | 0.003932 | |
| MA100: | 0.003851 | |
| MAexp7: | 0.005176 | |
| MAexp20: | 0.005066 | |
| MAexp50: | 0.004814 | |
| MAexp100: | 0.004574 | |
| Price / MA7: | +24.49% | |
| Price / MA20: | +27.62% | |
| Price / MA50: | +39.11% | |
| Price / MA100: | +42.04% | |
| Price / MAexp7: | +5.68% | |
| Price / MAexp20: | +7.97% | |
| Price / MAexp50: | +13.63% | |
| Price / MAexp100: | +19.59% |
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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