RADIX - XRD/USD - 1H - Technical analysis published on 08/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 0.054570 USD
My targets
0.048640 USD (-7.84%)
0.046550 USD (-11.80%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on RADIX - XRD/USD. As long as you are under the resistance located at 0.054570 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.048640 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.046550 USD as an objective. Crossing it would then enable sellers to target 0.036647 USD. If the resistance 0.054570 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.5
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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 RADIX - XRD/USD rating is 0.052780 USD. The price is lower by -0.02% since the last closing with the lowest point at 0.052460 USD and the highest point at 0.052960 USD. The deviation from the price is +0.61% for the low point and -0.34% for the high point.0.052460
0.052960
0.052780
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this RADIX - XRD/USD chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
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 horizontal support
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 | 0.036647 | 0.052565 | 0.052780 | 0.054570 | 0.057000 | 0.061080 |
| Change (%) | -30.57% | -0.41% | - | +3.39% | +8.00% | +15.73% |
| Change | -0.016133 | -0.000215 | - | +0.001790 | +0.004220 | +0.008300 |
| Level | Intermediate | Major | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.051193 | 0.051597 | 0.052193 | 0.052597 | 0.053193 | 0.053597 | 0.054193 |
| Camarilla | 0.052515 | 0.052607 | 0.052698 | 0.052790 | 0.052882 | 0.052973 | 0.053065 |
| Woodie | 0.051290 | 0.051645 | 0.052290 | 0.052645 | 0.053290 | 0.053645 | 0.054290 |
| Fibonacci | 0.051597 | 0.051979 | 0.052215 | 0.052597 | 0.052979 | 0.053215 | 0.053597 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.046550 | 0.048640 | 0.052820 | 0.054910 | 0.059090 | 0.061180 | 0.065360 |
| Camarilla | 0.055276 | 0.055851 | 0.056425 | 0.057000 | 0.057575 | 0.058150 | 0.058724 |
| Woodie | 0.047595 | 0.049163 | 0.053865 | 0.055433 | 0.060135 | 0.061703 | 0.066405 |
| Fibonacci | 0.048640 | 0.051035 | 0.052515 | 0.054910 | 0.057305 | 0.058785 | 0.061180 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.030113 | 0.042337 | 0.048803 | 0.061027 | 0.067493 | 0.079717 | 0.086183 |
| Camarilla | 0.050130 | 0.051844 | 0.053557 | 0.055270 | 0.056983 | 0.058697 | 0.060410 |
| Woodie | 0.027235 | 0.040898 | 0.045925 | 0.059588 | 0.064615 | 0.078278 | 0.083305 |
| Fibonacci | 0.042337 | 0.049476 | 0.053887 | 0.061027 | 0.068166 | 0.072577 | 0.079717 |
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): | 46.34 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -0.274096 | |
| AROON (14): | 64.285714 | |
| DEMA (21): | 0.052289 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.052216 | |
| Elder Ray (13): | 0.000025 | |
| Super Trend (3,10): | 0.052942 | |
| Zig ZAG (10): | 0.052540 | |
| VORTEX (21): | 0.8779 | |
| Stochastique (14,3,5): | 53.33 | |
| TEMA (21): | 0.052685 | |
| Williams %R (14): | -46.00 | |
| Chande Momentum Oscillator (20): | 0.000470 | |
| Repulse (5,40,3): | -0.3522 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0696 | |
| Courbe Coppock: | 1.41 |
| MA7: | 0.054584 | |
| MA20: | 0.053874 | |
| MA50: | 0.057129 | |
| MA100: | 0.062749 | |
| MAexp7: | 0.052586 | |
| MAexp20: | 0.052583 | |
| MAexp50: | 0.053411 | |
| MAexp100: | 0.054357 | |
| Price / MA7: | -3.30% | |
| Price / MA20: | -2.03% | |
| Price / MA50: | -7.61% | |
| Price / MA100: | -15.89% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | -1.18% | |
| Price / MAexp100: | -2.90% |
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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