RESERVE RIGHTS - RSR/USD - 1H - Technical analysis published on 05/15/2024 (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
94%
0%
6%
My opinion
Bullish above 0.006163 USD
My targets
0.006812 USD (+3.23%)
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 0.006163 USD. The next resistance located at 0.006812 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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.
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
8.4
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
RESERVE RIGHTS - RSR/USD rating 0.006599 USD. The price registered an increase of +14.13% on the session with the lowest point at 0.005753 USD and the highest point at 0.006650 USD. The deviation from the price is +14.71% for the low point and -0.77% for the high point.0.005753
0.006650
0.006599
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this RESERVE RIGHTS - RSR/USD chart shows a strongly bullish trend. 85.71% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 17 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
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 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.005727 | 0.005894 | 0.006163 | 0.006599 | 0.006624 | 0.006812 |
| Change (%) | -13.21% | -10.68% | -6.61% | - | +0.38% | +3.23% |
| Change | -0.000872 | -0.000705 | -0.000436 | - | +0.000025 | +0.000213 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate |
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 | 0.005344 | 0.005535 | 0.005662 | 0.005853 | 0.005980 | 0.006171 | 0.006298 |
| Camarilla | 0.005701 | 0.005730 | 0.005759 | 0.005788 | 0.005817 | 0.005846 | 0.005876 |
| Woodie | 0.005311 | 0.005519 | 0.005629 | 0.005837 | 0.005947 | 0.006155 | 0.006265 |
| Fibonacci | 0.005535 | 0.005657 | 0.005732 | 0.005853 | 0.005975 | 0.006050 | 0.006171 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003921 | 0.004993 | 0.005538 | 0.006610 | 0.007155 | 0.008227 | 0.008772 |
| Camarilla | 0.005639 | 0.005788 | 0.005936 | 0.006084 | 0.006232 | 0.006381 | 0.006529 |
| Woodie | 0.003659 | 0.004861 | 0.005276 | 0.006478 | 0.006893 | 0.008095 | 0.008510 |
| Fibonacci | 0.004993 | 0.005610 | 0.005992 | 0.006610 | 0.007227 | 0.007609 | 0.008227 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.004706 | 0.000047 | 0.002733 | 0.007486 | 0.010172 | 0.014925 | 0.017611 |
| Camarilla | 0.003373 | 0.004055 | 0.004737 | 0.005419 | 0.006101 | 0.006783 | 0.007465 |
| Woodie | -0.005740 | -0.000470 | 0.001700 | 0.006969 | 0.009139 | 0.014408 | 0.016578 |
| Fibonacci | 0.000047 | 0.002889 | 0.004644 | 0.007486 | 0.010328 | 0.012083 | 0.014925 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 80.77 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 32.081481 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.006360 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.006100 | |
| Elder Ray (13): | 0.000334 | |
| Super Trend (3,10): | 0.006227 | |
| Zig ZAG (10): | 0.006603 | |
| VORTEX (21): | 1.3231 | |
| Stochastique (14,3,5): | 95.97 | |
| TEMA (21): | 0.006509 | |
| Williams %R (14): | -0.67 | |
| Chande Momentum Oscillator (20): | 0.000828 | |
| Repulse (5,40,3): | 4.1926 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2359 | |
| Courbe Coppock: | 19.00 |
| MA7: | 0.006154 | |
| MA20: | 0.006149 | |
| MA50: | 0.007404 | |
| MA100: | 0.006083 | |
| MAexp7: | 0.006409 | |
| MAexp20: | 0.006181 | |
| MAexp50: | 0.006049 | |
| MAexp100: | 0.006069 | |
| Price / MA7: | +7.23% | |
| Price / MA20: | +7.32% | |
| Price / MA50: | -10.87% | |
| Price / MA100: | +8.48% | |
| Price / MAexp7: | +2.96% | |
| Price / MAexp20: | +6.76% | |
| Price / MAexp50: | +9.09% | |
| Price / MAexp100: | +8.73% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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