RADWORKS - RAD/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	RADUSD
ISIN:

RADWORKS - RAD/USD - Daily - Technical analysis published on 07/24/2023 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

56%

44%

My opinion

Bearish under 1.66 USD

My targets

1.45 USD (-10.68%)

1.28 USD (-20.80%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.66 USD remains possible. It is advisable to trade RADICLE - RAD/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.66 USD. The next bearish objective for sellers is set at 1.45 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.28 USD. In case of crossing, the next objective would be the support located at 0.94 USD. PS: if there is a bullish break in the resistance located at 1.66 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

2.1

Comment on the analysis

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

RADICLE - RAD/USD rating 1.62 USD. On the day, this instrument gained +3.85% with the lowest point at 1.54 USD and the highest point at 1.65 USD. The deviation from the price is +5.19% for the low point and -1.82% for the high point.

1.54

1.65

1.62

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of RADICLE - RAD/USD in Daily shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

In fact, 10 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 : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	1.62	1.66	2.17	4.16
Change (%)	-	+2.47%	+33.95%	+156.79%
Change	-	+0.04	+0.55	+2.54
Level	-	Intermediate	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	1.43	1.48	1.52	1.57	1.61	1.66	1.70
Camarilla	1.54	1.54	1.55	1.56	1.57	1.58	1.59
Woodie	1.43	1.48	1.52	1.57	1.61	1.66	1.70
Fibonacci	1.48	1.51	1.54	1.57	1.60	1.63	1.66

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.36	1.45	1.49	1.58	1.62	1.71	1.75
Camarilla	1.50	1.52	1.53	1.54	1.55	1.56	1.58
Woodie	1.35	1.44	1.48	1.57	1.61	1.70	1.74
Fibonacci	1.45	1.50	1.53	1.58	1.63	1.66	1.71

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.47	0.94	1.28	1.75	2.09	2.56	2.90
Camarilla	1.41	1.48	1.56	1.63	1.70	1.78	1.85
Woodie	0.42	0.91	1.23	1.72	2.04	2.53	2.85
Fibonacci	0.94	1.25	1.44	1.75	2.06	2.25	2.56

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):	49.54
MACD (12,26,9):	-0.0200
Directional Movement:	5.77
AROON (14):	28.57
DEMA (21):	1.56
Parabolic SAR (0,02-0,02-0,2):	1.73
Elder Ray (13):	-0.01
Super Trend (3,10):	1.76
Zig ZAG (10):	1.63
VORTEX (21):	0.9600
Stochastique (14,3,5):	33.22
TEMA (21):	1.59
Williams %R (14):	-40.00
Chande Momentum Oscillator (20):	0.05
Repulse (5,40,3):	3.5700
ROCnROLL:	-1
TRIX (15,9):	-0.2100
Courbe Coppock:	2.25

MA7:	1.57
MA20:	1.58
MA50:	1.63
MA100:	1.91
MAexp7:	1.58
MAexp20:	1.59
MAexp50:	1.67
MAexp100:	1.77
Price / MA7:	+3.18%
Price / MA20:	+2.53%
Price / MA50:	-0.61%
Price / MA100:	-15.18%
Price / MAexp7:	+2.53%
Price / MAexp20:	+1.89%
Price / MAexp50:	-2.99%
Price / MAexp100:	-8.47%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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