IEXEC - RLC/USD

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Type:	Cryptocurrencies
Ticker:	RLCUSD
ISIN:

IEXEC - RLC/USD - 1H - Technical analysis published on 12/28/2024 (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

94%

My opinion

Bullish above 2.27 USD

My targets

2.49 USD (+3.02%)

2.63 USD (+8.68%)

My analysis

IEXEC - RLC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.27 USD. The next resistance located at 2.49 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.63 USD. After this resistance, buyers could then target 2.90 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.4

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 IEXEC - RLC/USD price is 2.42 USD. The price has increased by +16.91% since the last closing with the lowest point at 2.06 USD and the highest point at 2.77 USD. The deviation from the price is +17.48% for the low point and -12.64% for the high point.

2.06

2.77

2.42

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 an item:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of IEXEC - RLC/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour

In fact, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.12	2.20	2.27	2.42	2.43	2.63	2.90
Change (%)	-12.40%	-9.09%	-6.20%	-	+0.41%	+8.68%	+19.83%
Change	-0.30	-0.22	-0.15	-	+0.01	+0.21	+0.48
Level	Minor	Intermediate	Major	-	Minor	Minor	Major

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	1.86	1.96	2.01	2.11	2.16	2.26	2.31
Camarilla	2.03	2.04	2.06	2.07	2.08	2.10	2.11
Woodie	1.85	1.95	2.00	2.10	2.15	2.25	2.30
Fibonacci	1.96	2.01	2.05	2.11	2.16	2.20	2.26

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.53	1.10	1.51	2.08	2.49	3.06	3.47
Camarilla	1.66	1.75	1.84	1.93	2.02	2.11	2.20
Woodie	0.46	1.06	1.44	2.04	2.42	3.02	3.40
Fibonacci	1.10	1.47	1.70	2.08	2.45	2.68	3.06

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.86	1.20	1.81	2.15	2.76	3.10	3.71
Camarilla	2.16	2.25	2.33	2.42	2.51	2.59	2.68
Woodie	1.00	1.27	1.95	2.22	2.90	3.17	3.85
Fibonacci	1.20	1.56	1.79	2.15	2.51	2.74	3.10

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):	80.50
MACD (12,26,9):	0.0800
Directional Movement:	56.51
AROON (14):	92.86
DEMA (21):	2.32
Parabolic SAR (0,02-0,02-0,2):	2.14
Elder Ray (13):	0.34
Super Trend (3,10):	2.34
Zig ZAG (10):	2.64
VORTEX (21):	1.3400
Stochastique (14,3,5):	84.63
TEMA (21):	2.40
Williams %R (14):	-18.57
Chande Momentum Oscillator (20):	0.54
Repulse (5,40,3):	11.4000
ROCnROLL:	1
TRIX (15,9):	0.1700
Courbe Coppock:	24.37

MA7:	2.21
MA20:	2.27
MA50:	2.18
MA100:	1.87
MAexp7:	2.37
MAexp20:	2.23
MAexp50:	2.18
MAexp100:	2.16
Price / MA7:	+9.50%
Price / MA20:	+6.61%
Price / MA50:	+11.01%
Price / MA100:	+29.41%
Price / MAexp7:	+2.11%
Price / MAexp20:	+8.52%
Price / MAexp50:	+11.01%
Price / MAexp100:	+12.04%

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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Londinia AI

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