IEXEC RLC - RLC/USD - 1H - Technical analysis published on 01/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 2.15 USD
My targets
2.25 USD (+3.21%)
2.40 USD (+10.09%)
My analysis
The bullish trend is currently very strong on IEXEC - RLC/USD. As long as the price remains above the support at 2.15 USD, you could try to benefit from the boom. The first bullish objective is located at 2.25 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.40 USD as an objective. Crossing it would then enable buyers to target 2.56 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IEXEC - RLC/USD price is 2.18 USD. The price registered an increase of +2.35% on the session with the lowest point at 2.13 USD and the highest point at 2.27 USD. The deviation from the price is +2.35% for the low point and -3.96% for the high point.2.13
2.27
2.18
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this IEXEC - RLC/USD chart shows a strongly 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 scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.81 | 1.97 | 2.15 | 2.18 | 2.25 | 2.40 | 2.56 |
| Change (%) | -16.97% | -9.63% | -1.38% | - | +3.21% | +10.09% | +17.43% |
| Change | -0.37 | -0.21 | -0.03 | - | +0.07 | +0.22 | +0.38 |
| Level | Major | Minor | Minor | - | Minor | 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 | 1.59 | 1.78 | 1.95 | 2.14 | 2.31 | 2.50 | 2.67 |
| Camarilla | 2.03 | 2.06 | 2.10 | 2.13 | 2.16 | 2.20 | 2.23 |
| Woodie | 1.59 | 1.78 | 1.95 | 2.14 | 2.31 | 2.50 | 2.67 |
| Fibonacci | 1.78 | 1.91 | 2.00 | 2.14 | 2.27 | 2.36 | 2.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.42 | 0.92 | 1.39 | 1.89 | 2.36 | 2.86 | 3.33 |
| Camarilla | 1.58 | 1.67 | 1.76 | 1.85 | 1.94 | 2.03 | 2.12 |
| Woodie | 0.40 | 0.91 | 1.37 | 1.88 | 2.34 | 2.85 | 3.31 |
| Fibonacci | 0.92 | 1.29 | 1.52 | 1.89 | 2.26 | 2.49 | 2.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.98 | 1.18 | 1.45 | 1.65 | 1.92 | 2.12 | 2.39 |
| Camarilla | 1.58 | 1.62 | 1.67 | 1.71 | 1.75 | 1.80 | 1.84 |
| Woodie | 1.01 | 1.20 | 1.48 | 1.67 | 1.95 | 2.14 | 2.42 |
| Fibonacci | 1.18 | 1.36 | 1.47 | 1.65 | 1.83 | 1.94 | 2.12 |
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): | 58.21 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 22.06 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 2.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.03 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 1.98 | |
| Zig ZAG (10): | 2.19 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 61.21 | |
| TEMA (21): | 2.17 | |
| Williams %R (14): | -34.48 | |
| Chande Momentum Oscillator (20): | 0.12 | |
| Repulse (5,40,3): | 1.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 8.54 |
| MA7: | 2.03 | |
| MA20: | 1.66 | |
| MA50: | 1.66 | |
| MA100: | 1.47 | |
| MAexp7: | 2.16 | |
| MAexp20: | 2.14 | |
| MAexp50: | 2.11 | |
| MAexp100: | 2.03 | |
| Price / MA7: | +7.39% | |
| Price / MA20: | +31.33% | |
| Price / MA50: | +31.33% | |
| Price / MA100: | +48.30% | |
| Price / MAexp7: | +0.93% | |
| Price / MAexp20: | +1.87% | |
| Price / MAexp50: | +3.32% | |
| Price / MAexp100: | +7.39% |
Quotes :
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Real time data
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