REQUEST NETWORK - REQ/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	REQUSD
ISIN:

REQUEST NETWORK - REQ/USD - 1H - Technical analysis published on 02/10/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.113297 USD

My targets

0.140006 USD (+1.54%)

0.157151 USD (+13.98%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on REQUEST NETWORK - REQ/USD as long as the price remains well above 0.113297 USD. The buyers' bullish objective is set at 0.140006 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.157151 USD. If there is any crossing, the next objective would be the resistance located at 0.277800 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.8

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

The REQUEST NETWORK - REQ/USD price is 0.137879 USD. The price has increased by +34.39% since the last closing with the lowest point at 0.097739 USD and the highest point at 0.163541 USD. The deviation from the price is +41.07% for the low point and -15.69% for the high point.

0.097739

0.163541

0.137879

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 the following items:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of REQUEST NETWORK - REQ/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

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

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Long black line

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.096796	0.101417	0.113297	0.137879	0.277800	0.387400	0.753200
Change (%)	-29.80%	-26.44%	-17.83%	-	+101.48%	+180.97%	+446.28%
Change	-0.041083	-0.036462	-0.024582	-	+0.139921	+0.249521	+0.615321
Level	Minor	Intermediate	Intermediate	-	Minor	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.057298	0.070638	0.086618	0.099958	0.115938	0.129278	0.145258
Camarilla	0.094536	0.097224	0.099911	0.102599	0.105287	0.107974	0.110662
Woodie	0.058619	0.071298	0.087939	0.100618	0.117259	0.129938	0.146579
Fibonacci	0.070638	0.081838	0.088757	0.099958	0.111158	0.118077	0.129278

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.072537	0.076320	0.079512	0.083295	0.086487	0.090270	0.093462
Camarilla	0.080785	0.081424	0.082064	0.082703	0.083342	0.083982	0.084621
Woodie	0.072241	0.076172	0.079216	0.083147	0.086191	0.090122	0.093166
Fibonacci	0.076320	0.078985	0.080631	0.083295	0.085960	0.087606	0.090270

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.017798	0.047104	0.064249	0.093555	0.110700	0.140006	0.157151
Camarilla	0.068621	0.072879	0.077137	0.081395	0.085653	0.089911	0.094169
Woodie	0.011719	0.044064	0.058170	0.090515	0.104621	0.136966	0.151072
Fibonacci	0.047104	0.064848	0.075810	0.093555	0.111299	0.122261	0.140006

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):	76.31
MACD (12,26,9):	0.0122
Directional Movement:	51.329519
AROON (14):	78.571429
DEMA (21):	0.127252
Parabolic SAR (0,02-0,02-0,2):	0.109620
Elder Ray (13):	0.019926
Super Trend (3,10):	0.114755
Zig ZAG (10):	0.137733
VORTEX (21):	1.2631
Stochastique (14,3,5):	72.30
TEMA (21):	0.134444
Williams %R (14):	-40.02
Chande Momentum Oscillator (20):	0.037320
Repulse (5,40,3):	0.8544
ROCnROLL:	1
TRIX (15,9):	1.2543
Courbe Coppock:	62.21

MA7:	0.093850
MA20:	0.086918
MA50:	0.090448
MA100:	0.088177
MAexp7:	0.129029
MAexp20:	0.110199
MAexp50:	0.099899
MAexp100:	0.092780
Price / MA7:	+46.91%
Price / MA20:	+58.63%
Price / MA50:	+52.44%
Price / MA100:	+56.37%
Price / MAexp7:	+6.86%
Price / MAexp20:	+25.12%
Price / MAexp50:	+38.02%
Price / MAexp100:	+48.61%

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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