RESERVE RIGHTS - RSR/USD - 1H - Technical analysis published on 10/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.007147 USD
My targets
0.007494 USD (+0.97%)
0.007688 USD (+3.58%)
My analysis
The bullish trend is currently very strong on RESERVE RIGHTS - RSR/USD. As long as the price remains above the support at 0.007147 USD, you could try to benefit from the boom. The first bullish objective is located at 0.007494 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.007688 USD as an objective. Crossing it would then enable buyers to target 0.008609 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.4
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Additional analysis
Quotes
The RESERVE RIGHTS - RSR/USD rating is 0.007422 USD. The price registered an increase of +6.59% on the session and was between 0.006900 USD and 0.007436 USD. This implies that the price is at +7.57% from its lowest and at -0.19% from its highest.0.006900
0.007436
0.007422
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
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 : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.006215 | 0.006540 | 0.007147 | 0.007422 | 0.007494 | 0.007688 | 0.008609 |
| Change (%) | -16.26% | -11.88% | -3.71% | - | +0.97% | +3.58% | +15.99% |
| Change | -0.001207 | -0.000882 | -0.000275 | - | +0.000072 | +0.000266 | +0.001187 |
| Level | Minor | Major | Minor | - | 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 | 0.005848 | 0.006078 | 0.006520 | 0.006750 | 0.007192 | 0.007422 | 0.007864 |
| Camarilla | 0.006778 | 0.006840 | 0.006901 | 0.006963 | 0.007025 | 0.007086 | 0.007148 |
| Woodie | 0.005955 | 0.006131 | 0.006627 | 0.006803 | 0.007299 | 0.007475 | 0.007971 |
| Fibonacci | 0.006078 | 0.006334 | 0.006493 | 0.006750 | 0.007006 | 0.007165 | 0.007422 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004185 | 0.005067 | 0.005730 | 0.006612 | 0.007275 | 0.008157 | 0.008820 |
| Camarilla | 0.005968 | 0.006110 | 0.006251 | 0.006393 | 0.006535 | 0.006676 | 0.006818 |
| Woodie | 0.004076 | 0.005012 | 0.005621 | 0.006557 | 0.007166 | 0.008102 | 0.008711 |
| Fibonacci | 0.005067 | 0.005657 | 0.006022 | 0.006612 | 0.007202 | 0.007567 | 0.008157 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001698 | 0.003086 | 0.004911 | 0.006299 | 0.008124 | 0.009512 | 0.011337 |
| Camarilla | 0.005851 | 0.006146 | 0.006441 | 0.006735 | 0.007030 | 0.007324 | 0.007619 |
| Woodie | 0.001916 | 0.003195 | 0.005129 | 0.006408 | 0.008342 | 0.009621 | 0.011555 |
| Fibonacci | 0.003086 | 0.004314 | 0.005072 | 0.006299 | 0.007527 | 0.008285 | 0.009512 |
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): | 65.46 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 20.965163 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.007321 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.006995 | |
| Elder Ray (13): | 0.000136 | |
| Super Trend (3,10): | 0.006962 | |
| Zig ZAG (10): | 0.007390 | |
| VORTEX (21): | 1.1850 | |
| Stochastique (14,3,5): | 88.70 | |
| TEMA (21): | 0.007358 | |
| Williams %R (14): | -0.48 | |
| Chande Momentum Oscillator (20): | 0.000250 | |
| Repulse (5,40,3): | 2.8884 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3395 | |
| Courbe Coppock: | 6.27 |
| MA7: | 0.006553 | |
| MA20: | 0.006790 | |
| MA50: | 0.006041 | |
| MA100: | 0.005361 | |
| MAexp7: | 0.007268 | |
| MAexp20: | 0.007110 | |
| MAexp50: | 0.006864 | |
| MAexp100: | 0.006715 | |
| Price / MA7: | +13.26% | |
| Price / MA20: | +9.31% | |
| Price / MA50: | +22.86% | |
| Price / MA100: | +38.44% | |
| Price / MAexp7: | +2.12% | |
| Price / MAexp20: | +4.39% | |
| Price / MAexp50: | +8.13% | |
| Price / MAexp100: | +10.53% |
Quotes :
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Real time data
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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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