RED TOKEN - RED/USDT - Daily - Technical analysis published on 11/16/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.001930 USDT
My targets
0.001502 USDT (-12.16%)
My analysis
The bearish trend is currently very strong for RED TOKEN - RED/USDT. As long as the price remains below the resistance at 0.001930 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.001502 USDT. The bearish momentum would be revived by a break in this support. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by Consciousconnection.
Additional analysis
Quotes
The RED TOKEN - RED/USDT rating is 0.001710 USDT. On the day, this instrument gained +0.00% and was between 0.001710 USDT and 0.001710 USDT. This implies that the price is at 0% from its lowest and at 0% from its highest.0.001710
0.001710
0.001710
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of RED TOKEN - RED/USDT in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.001502 | 0.001710 | 0.001930 | 0.002257 | 0.002556 |
| Change (%) | -12.16% | - | +12.87% | +31.99% | +49.47% |
| Change | -0.000208 | - | +0.000220 | +0.000547 | +0.000846 |
| Level | Major | - | Minor | Intermediate | 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 | 0.001710 | 0.001710 | 0.001710 | 0.001710 | 0.001710 | 0.001710 | 0.001710 |
| Camarilla | 0.001710 | 0.001710 | 0.001710 | 0.001710 | 0.001710 | 0.001710 | 0.001710 |
| Woodie | 0.001710 | 0.001710 | 0.001710 | 0.001710 | 0.001710 | 0.001710 | 0.001710 |
| Fibonacci | 0.001710 | 0.001710 | 0.001710 | 0.001710 | 0.001710 | 0.001710 | 0.001710 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000358 | 0.000914 | 0.001312 | 0.001868 | 0.002266 | 0.002822 | 0.003220 |
| Camarilla | 0.001448 | 0.001535 | 0.001623 | 0.001710 | 0.001798 | 0.001885 | 0.001972 |
| Woodie | 0.000279 | 0.000875 | 0.001233 | 0.001829 | 0.002187 | 0.002783 | 0.003141 |
| Fibonacci | 0.000914 | 0.001278 | 0.001504 | 0.001868 | 0.002232 | 0.002458 | 0.002822 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000048 | 0.000993 | 0.001572 | 0.002517 | 0.003096 | 0.004041 | 0.004620 |
| Camarilla | 0.001732 | 0.001872 | 0.002011 | 0.002151 | 0.002291 | 0.002430 | 0.002570 |
| Woodie | -0.000135 | 0.000902 | 0.001389 | 0.002426 | 0.002913 | 0.003950 | 0.004437 |
| Fibonacci | 0.000993 | 0.001575 | 0.001935 | 0.002517 | 0.003099 | 0.003459 | 0.004041 |
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): | 37.75 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -6.824947 | |
| AROON (14): | -21.428571 | |
| DEMA (21): | 0.001741 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.002047 | |
| Elder Ray (13): | -0.000124 | |
| Super Trend (3,10): | 0.002166 | |
| Zig ZAG (10): | 0.001710 | |
| VORTEX (21): | 0.8657 | |
| Stochastique (14,3,5): | 25.16 | |
| TEMA (21): | 0.001624 | |
| Williams %R (14): | -74.84 | |
| Chande Momentum Oscillator (20): | -0.000540 | |
| Repulse (5,40,3): | -1.4977 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7997 | |
| Courbe Coppock: | 45.23 |
| MA7: | 0.001710 | |
| MA20: | 0.001981 | |
| MA50: | 0.002164 | |
| MA100: | 0.002300 | |
| MAexp7: | 0.001743 | |
| MAexp20: | 0.001921 | |
| MAexp50: | 0.002078 | |
| MAexp100: | 0.002214 | |
| Price / MA7: | -0% | |
| Price / MA20: | -13.68% | |
| Price / MA50: | -20.98% | |
| Price / MA100: | -25.65% | |
| Price / MAexp7: | -1.89% | |
| Price / MAexp20: | -10.98% | |
| Price / MAexp50: | -17.71% | |
| Price / MAexp100: | -22.76% |
Quotes :
-
Real time data
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Cryptocompare
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