RESERVE RIGHTS - RSR/USD - 1H - Technical analysis published on 06/01/2024 (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
72%
0%
28%
My opinion
Bullish above 0.008154 USD
My targets
0.008621 USD (+1.03%)
0.009209 USD (+7.92%)
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 0.008154 USD. The buyers' bullish objective is set at 0.008621 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.009209 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, 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
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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 price is 0.008533 USD. The price has increased by +8.15% since the last closing with the lowest point at 0.007825 USD and the highest point at 0.008693 USD. The deviation from the price is +9.05% for the low point and -1.84% for the high point.0.007825
0.008693
0.008533
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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. 89.29% 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 scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
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 resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.007701 | 0.007935 | 0.008154 | 0.008533 | 0.008621 | 0.009209 |
| Change (%) | -9.75% | -7.01% | -4.44% | - | +1.03% | +7.92% |
| Change | -0.000832 | -0.000598 | -0.000379 | - | +0.000088 | +0.000676 |
| Level | Intermediate | Minor | Minor | - | Intermediate | 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 | 0.007161 | 0.007413 | 0.007651 | 0.007903 | 0.008141 | 0.008393 | 0.008631 |
| Camarilla | 0.007755 | 0.007800 | 0.007845 | 0.007890 | 0.007935 | 0.007980 | 0.008025 |
| Woodie | 0.007155 | 0.007410 | 0.007645 | 0.007900 | 0.008135 | 0.008390 | 0.008625 |
| Fibonacci | 0.007413 | 0.007600 | 0.007716 | 0.007903 | 0.008090 | 0.008206 | 0.008393 |
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 | -0.000182 | 0.002427 | 0.005158 | 0.007767 | 0.010498 | 0.013107 | 0.015838 |
| Camarilla | 0.006422 | 0.006911 | 0.007401 | 0.007890 | 0.008380 | 0.008869 | 0.009359 |
| Woodie | -0.000120 | 0.002458 | 0.005220 | 0.007798 | 0.010560 | 0.013138 | 0.015900 |
| Fibonacci | 0.002427 | 0.004467 | 0.005727 | 0.007767 | 0.009807 | 0.011067 | 0.013107 |
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): | 69.20 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 31.578757 | |
| AROON (14): | 64.285715 | |
| DEMA (21): | 0.008467 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.008403 | |
| Elder Ray (13): | 0.000141 | |
| Super Trend (3,10): | 0.008197 | |
| Zig ZAG (10): | 0.008503 | |
| VORTEX (21): | 1.2335 | |
| Stochastique (14,3,5): | 75.49 | |
| TEMA (21): | 0.008571 | |
| Williams %R (14): | -26.12 | |
| Chande Momentum Oscillator (20): | 0.000483 | |
| Repulse (5,40,3): | 0.3121 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2188 | |
| Courbe Coppock: | 11.65 |
| MA7: | 0.008110 | |
| MA20: | 0.007946 | |
| MA50: | 0.006882 | |
| MA100: | 0.007042 | |
| MAexp7: | 0.008464 | |
| MAexp20: | 0.008258 | |
| MAexp50: | 0.008116 | |
| MAexp100: | 0.008111 | |
| Price / MA7: | +5.22% | |
| Price / MA20: | +7.39% | |
| Price / MA50: | +23.99% | |
| Price / MA100: | +21.17% | |
| Price / MAexp7: | +0.82% | |
| Price / MAexp20: | +3.33% | |
| Price / MAexp50: | +5.14% | |
| Price / MAexp100: | +5.20% |
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.
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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