RAI REFLEX INDEX - RAI/USD

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Type:	Cryptocurrencies
Ticker:	RAIUSD
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RAI REFLEX INDEX - RAI/USD - Daily - Technical analysis published on 08/21/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

56%

39%

My opinion

Bullish above 2.71 USD

My targets

2.81 USD (+1.81%)

My analysis

A bullish trend on RAI REFLEX INDEX - RAI/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 2.71 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 2.81 USD. Be careful, a return below 2.71 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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

5.5

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.

Additional analysis

Quotes

RAI REFLEX INDEX - RAI/USD rating 2.76 USD. The price registered an increase of +1.47% on the session with the lowest point at 2.72 USD and the highest point at 2.76 USD. The deviation from the price is +1.47% for the low point and 0% for the high point.

2.72

2.76

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

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of RAI REFLEX INDEX - RAI/USD in Daily shows an overall bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2.69	2.71	2.74	2.76	2.78	2.81
Change (%)	-2.54%	-1.81%	-0.72%	-	+0.72%	+1.81%
Change	-0.07	-0.05	-0.02	-	+0.02	+0.05
Level	Minor	Minor	Intermediate	-	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	2.67	2.69	2.71	2.73	2.75	2.77	2.79
Camarilla	2.71	2.71	2.72	2.72	2.72	2.73	2.73
Woodie	2.66	2.69	2.70	2.73	2.74	2.77	2.78
Fibonacci	2.69	2.71	2.72	2.73	2.75	2.76	2.77

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.64	2.67	2.71	2.74	2.78	2.81	2.85
Camarilla	2.74	2.75	2.75	2.76	2.77	2.77	2.78
Woodie	2.66	2.67	2.73	2.74	2.80	2.81	2.87
Fibonacci	2.67	2.69	2.71	2.74	2.76	2.78	2.81

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.43	2.52	2.63	2.72	2.83	2.92	3.03
Camarilla	2.69	2.70	2.72	2.74	2.76	2.78	2.80
Woodie	2.44	2.53	2.64	2.73	2.84	2.93	3.04
Fibonacci	2.52	2.60	2.64	2.72	2.80	2.84	2.92

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):	53.10
MACD (12,26,9):	0.0000
Directional Movement:	-5.27
AROON (14):	-28.57
DEMA (21):	2.73
Parabolic SAR (0,02-0,02-0,2):	2.62
Elder Ray (13):	0.01
Super Trend (3,10):	2.84
Zig ZAG (10):	2.76
VORTEX (21):	1.0800
Stochastique (14,3,5):	76.67
TEMA (21):	2.73
Williams %R (14):	-10.00
Chande Momentum Oscillator (20):	-0.01
Repulse (5,40,3):	1.1500
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	1.01

MA7:	2.73
MA20:	2.73
MA50:	2.74
MA100:	2.74
MAexp7:	2.73
MAexp20:	2.73
MAexp50:	2.73
MAexp100:	2.74
Price / MA7:	+1.10%
Price / MA20:	+1.10%
Price / MA50:	+0.73%
Price / MA100:	+0.73%
Price / MAexp7:	+1.10%
Price / MAexp20:	+1.10%
Price / MAexp50:	+1.10%
Price / MAexp100:	+0.73%

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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