RESERVE RIGHTS - RSR/USD - 1H - Technical analysis published on 05/28/2024 (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:
Bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.008558 USD
My targets
0.007964 USD (-3.24%)
0.007700 USD (-6.45%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on RESERVE RIGHTS - RSR/USD as long as the price remains well below 0.008558 USD. The next bearish objective for sellers is set at 0.007964 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 0.007700 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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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 0.008231 USD. On the day, this instrument lost -0.12% and was traded between 0.008196 USD and 0.008278 USD over the period. The price is currently at +0.43% from its lowest and -0.57% from its highest.0.008196
0.008278
0.008231
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 bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.007700 | 0.007964 | 0.008231 | 0.008558 | 0.008877 | 0.009209 |
| Change (%) | -6.45% | -3.24% | - | +3.97% | +7.85% | +11.88% |
| Change | -0.000531 | -0.000267 | - | +0.000327 | +0.000646 | +0.000978 |
| Level | Minor | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007363 | 0.007664 | 0.007952 | 0.008253 | 0.008541 | 0.008842 | 0.009130 |
| Camarilla | 0.008079 | 0.008133 | 0.008187 | 0.008241 | 0.008295 | 0.008349 | 0.008403 |
| Woodie | 0.007358 | 0.007661 | 0.007947 | 0.008250 | 0.008536 | 0.008839 | 0.009125 |
| Fibonacci | 0.007664 | 0.007889 | 0.008028 | 0.008253 | 0.008478 | 0.008617 | 0.008842 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004706 | 0.006203 | 0.007381 | 0.008878 | 0.010056 | 0.011553 | 0.012731 |
| Camarilla | 0.007823 | 0.008069 | 0.008314 | 0.008559 | 0.008804 | 0.009049 | 0.009295 |
| Woodie | 0.004547 | 0.006123 | 0.007222 | 0.008798 | 0.009897 | 0.011473 | 0.012572 |
| Fibonacci | 0.006203 | 0.007225 | 0.007856 | 0.008878 | 0.009900 | 0.010531 | 0.011553 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.002473 | 0.001164 | 0.003291 | 0.006928 | 0.009055 | 0.012692 | 0.014819 |
| Camarilla | 0.003834 | 0.004362 | 0.004891 | 0.005419 | 0.005947 | 0.006476 | 0.007004 |
| Woodie | -0.003227 | 0.000787 | 0.002537 | 0.006551 | 0.008301 | 0.012315 | 0.014065 |
| Fibonacci | 0.001164 | 0.003366 | 0.004726 | 0.006928 | 0.009130 | 0.010490 | 0.012692 |
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): | 44.73 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -3.639473 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.008281 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.008553 | |
| Elder Ray (13): | -0.000052 | |
| Super Trend (3,10): | 0.008052 | |
| Zig ZAG (10): | 0.008211 | |
| VORTEX (21): | 1.0387 | |
| Stochastique (14,3,5): | 25.28 | |
| TEMA (21): | 0.008323 | |
| Williams %R (14): | -91.05 | |
| Chande Momentum Oscillator (20): | -0.000078 | |
| Repulse (5,40,3): | -1.5923 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0120 | |
| Courbe Coppock: | 2.74 |
| MA7: | 0.008436 | |
| MA20: | 0.007570 | |
| MA50: | 0.006910 | |
| MA100: | 0.006835 | |
| MAexp7: | 0.008283 | |
| MAexp20: | 0.008288 | |
| MAexp50: | 0.008342 | |
| MAexp100: | 0.008419 | |
| Price / MA7: | -2.43% | |
| Price / MA20: | +8.73% | |
| Price / MA50: | +19.12% | |
| Price / MA100: | +20.42% | |
| Price / MAexp7: | -0.63% | |
| Price / MAexp20: | -0.69% | |
| Price / MAexp50: | -1.33% | |
| Price / MAexp100: | -2.23% |
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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