RIPIO CREDIT NETWORK - RCN/USDT - Daily - Technical analysis published on 12/05/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 0.042856 USDT
My targets
0.049107 USDT (+6.06%)
0.055667 USDT (+20.23%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on RIPIO - RCN/USDT as long as the price remains well above 0.042856 USDT. The buyers” bullish objective is set at 0.049107 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.055667 USDT. If there is any crossing, the next objective would be the resistance located at 0.075430 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
0
10
6.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RIPIO - RCN/USDT rating is 0.046300 USDT. On the day, this instrument lost -3.94% and was between 0.043200 USDT and 0.046300 USDT. This implies that the price is at +7.18% from its lowest and at 0% from its highest.0.043200
0.046300
0.046300
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this RIPIO - RCN/USDT chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.027942 | 0.036544 | 0.042856 | 0.046300 | 0.049107 | 0.075430 | 0.176700 |
| Change (%) | -39.65% | -21.07% | -7.44% | - | +6.06% | +62.92% | +281.64% |
| Change | -0.018358 | -0.009756 | -0.003444 | - | +0.002807 | +0.029130 | +0.130400 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Minor |
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 | 0.043733 | 0.044867 | 0.046533 | 0.047667 | 0.049333 | 0.050467 | 0.052133 |
| Camarilla | 0.047430 | 0.047687 | 0.047943 | 0.048200 | 0.048457 | 0.048713 | 0.048970 |
| Woodie | 0.044000 | 0.045000 | 0.046800 | 0.047800 | 0.049600 | 0.050600 | 0.052400 |
| Fibonacci | 0.044867 | 0.045936 | 0.046597 | 0.047667 | 0.048736 | 0.049397 | 0.050467 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.020067 | 0.027033 | 0.036067 | 0.043033 | 0.052067 | 0.059033 | 0.068067 |
| Camarilla | 0.040700 | 0.042167 | 0.043633 | 0.045100 | 0.046567 | 0.048033 | 0.049500 |
| Woodie | 0.021100 | 0.027550 | 0.037100 | 0.043550 | 0.053100 | 0.059550 | 0.069100 |
| Fibonacci | 0.027033 | 0.033145 | 0.036921 | 0.043033 | 0.049145 | 0.052921 | 0.059033 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.012867 | 0.023433 | 0.034267 | 0.044833 | 0.055667 | 0.066233 | 0.077067 |
| Camarilla | 0.039215 | 0.041177 | 0.043138 | 0.045100 | 0.047062 | 0.049023 | 0.050985 |
| Woodie | 0.013000 | 0.023500 | 0.034400 | 0.044900 | 0.055800 | 0.066300 | 0.077200 |
| Fibonacci | 0.023433 | 0.031608 | 0.036659 | 0.044833 | 0.053008 | 0.058059 | 0.066233 |
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): | 51.26 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 4.154337 | |
| AROON (14): | 35.714287 | |
| DEMA (21): | 0.046953 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.036716 | |
| Elder Ray (13): | -0.001306 | |
| Super Trend (3,10): | 0.032086 | |
| Zig ZAG (10): | 0.046300 | |
| VORTEX (21): | 0.9984 | |
| Stochastique (14,3,5): | 39.36 | |
| TEMA (21): | 0.047074 | |
| Williams %R (14): | -64.84 | |
| Chande Momentum Oscillator (20): | 0.000700 | |
| Repulse (5,40,3): | 4.4682 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2630 | |
| Courbe Coppock: | 17.07 |
| MA7: | 0.047901 | |
| MA20: | 0.044743 | |
| MA50: | 0.043229 | |
| MA100: | 0.035000 | |
| MAexp7: | 0.046925 | |
| MAexp20: | 0.045398 | |
| MAexp50: | 0.042490 | |
| MAexp100: | 0.037507 | |
| Price / MA7: | -3.34% | |
| Price / MA20: | +3.48% | |
| Price / MA50: | +7.10% | |
| Price / MA100: | +32.29% | |
| Price / MAexp7: | -1.33% | |
| Price / MAexp20: | +1.99% | |
| Price / MAexp50: | +8.97% | |
| Price / MAexp100: | +23.44% |
This member declared not having a position on this financial instrument or a related financial instrument.
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