Londinia Opportunities Analyses - 12/03/2021 (GMT) REEF - REEF/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | REEFUSDT |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 0.023640 USDT
My targets
0.023200 USDT (-1.02%)
0.022500 USDT (-4.01%)
My analysis
REEF - REEF/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.023640 USDT. The next support located at 0.023200 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.022500 USDT. Below this support, sellers could then target 0.019908 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The REEF - REEF/USDT rating is 0.023440 USDT. The price registered a decrease of -3.58% on the session and was between 0.023220 USDT and 0.024880 USDT. This implies that the price is at +0.95% from its lowest and at -5.79% from its highest.0.023220
0.024880
0.023440
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of REEF - REEF/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.019908 | 0.022500 | 0.023200 | 0.023440 | 0.023640 | 0.024040 | 0.024723 |
| Change (%) | -15.07% | -4.01% | -1.02% | - | +0.85% | +2.56% | +5.47% |
| Change | -0.003532 | -0.000940 | -0.000240 | - | +0.000200 | +0.000600 | +0.001283 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.022713 | 0.023277 | 0.023793 | 0.024357 | 0.024873 | 0.025437 | 0.025953 |
| Camarilla | 0.024013 | 0.024112 | 0.024211 | 0.024310 | 0.024409 | 0.024508 | 0.024607 |
| Woodie | 0.022690 | 0.023265 | 0.023770 | 0.024345 | 0.024850 | 0.025425 | 0.025930 |
| Fibonacci | 0.023277 | 0.023689 | 0.023944 | 0.024357 | 0.024769 | 0.025024 | 0.025437 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014423 | 0.018607 | 0.021493 | 0.025677 | 0.028563 | 0.032747 | 0.035633 |
| Camarilla | 0.022436 | 0.023084 | 0.023732 | 0.024380 | 0.025028 | 0.025676 | 0.026324 |
| Woodie | 0.013775 | 0.018283 | 0.020845 | 0.025353 | 0.027915 | 0.032423 | 0.034985 |
| Fibonacci | 0.018607 | 0.021307 | 0.022976 | 0.025677 | 0.028377 | 0.030046 | 0.032747 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.002900 | 0.012670 | 0.019090 | 0.028860 | 0.035280 | 0.045050 | 0.051470 |
| Camarilla | 0.021058 | 0.022542 | 0.024026 | 0.025510 | 0.026994 | 0.028478 | 0.029962 |
| Woodie | 0.001225 | 0.011833 | 0.017415 | 0.028023 | 0.033605 | 0.044213 | 0.049795 |
| Fibonacci | 0.012670 | 0.018855 | 0.022675 | 0.028860 | 0.035045 | 0.038865 | 0.045050 |
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): | 28.93 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -20.427954 | |
| AROON (14): | -49.999997 | |
| DEMA (21): | 0.023903 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.024701 | |
| Elder Ray (13): | -0.000578 | |
| Super Trend (3,10): | 0.024442 | |
| Zig ZAG (10): | 0.023540 | |
| VORTEX (21): | 0.8522 | |
| Stochastique (14,3,5): | 16.12 | |
| TEMA (21): | 0.023825 | |
| Williams %R (14): | -81.93 | |
| Chande Momentum Oscillator (20): | -0.001040 | |
| Repulse (5,40,3): | -0.9645 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0661 | |
| Courbe Coppock: | 2.86 |
| MA7: | 0.024727 | |
| MA20: | 0.026830 | |
| MA50: | 0.029720 | |
| MA100: | 0.025929 | |
| MAexp7: | 0.023827 | |
| MAexp20: | 0.024150 | |
| MAexp50: | 0.024473 | |
| MAexp100: | 0.024716 | |
| Price / MA7: | -5.20% | |
| Price / MA20: | -12.64% | |
| Price / MA50: | -21.13% | |
| Price / MA100: | -9.60% | |
| Price / MAexp7: | -1.62% | |
| Price / MAexp20: | -2.94% | |
| Price / MAexp50: | -4.22% | |
| Price / MAexp100: | -5.16% |
Quotes :
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Real time data
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Cryptocompare