REQUEST NETWORK - REQ/USD - 1H - Technical analysis published on 09/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
50%
33%
17%
My opinion
Bearish under 0.108798 USD
My targets
0.103898 USD (-2.69%)
0.102688 USD (-3.82%)
My analysis
The bearish basic trend is very strong on REQUEST NETWORK - REQ/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.108798 USD. Crossing the first support at 0.103898 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.102688 USD as an objective. Crossing it would then enable sellers to target 0.099905 USD. Caution, a return to above the resistance located at 0.108798 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.1
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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 REQUEST NETWORK - REQ/USD rating is 0.106766 USD. The price registered a decrease of -0.31% on the session with the lowest point at 0.105396 USD and the highest point at 0.107405 USD. The deviation from the price is +1.30% for the low point and -0.59% for the high point.0.105396
0.107405
0.106766
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by REQUEST NETWORK - REQ/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of REQUEST NETWORK - REQ/USD indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 3 are neutral and 6 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.102688 | 0.103898 | 0.106512 | 0.106766 | 0.108798 | 0.109898 | 0.111555 |
| Change (%) | -3.82% | -2.69% | -0.24% | - | +1.90% | +2.93% | +4.49% |
| Change | -0.004078 | -0.002868 | -0.000254 | - | +0.002032 | +0.003132 | +0.004789 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.098299 | 0.102101 | 0.104599 | 0.108401 | 0.110899 | 0.114701 | 0.117199 |
| Camarilla | 0.105365 | 0.105942 | 0.106520 | 0.107097 | 0.107675 | 0.108252 | 0.108830 |
| Woodie | 0.097647 | 0.101775 | 0.103947 | 0.108075 | 0.110247 | 0.114375 | 0.116547 |
| Fibonacci | 0.102101 | 0.104508 | 0.105994 | 0.108401 | 0.110808 | 0.112294 | 0.114701 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.090421 | 0.096554 | 0.101826 | 0.107959 | 0.113231 | 0.119364 | 0.124636 |
| Camarilla | 0.103961 | 0.105006 | 0.106052 | 0.107097 | 0.108143 | 0.109188 | 0.110233 |
| Woodie | 0.089990 | 0.096339 | 0.101395 | 0.107744 | 0.112800 | 0.119149 | 0.124205 |
| Fibonacci | 0.096554 | 0.100911 | 0.103603 | 0.107959 | 0.112316 | 0.115008 | 0.119364 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.053321 | 0.071109 | 0.085711 | 0.103499 | 0.118101 | 0.135889 | 0.150491 |
| Camarilla | 0.091407 | 0.094376 | 0.097345 | 0.100314 | 0.103283 | 0.106252 | 0.109221 |
| Woodie | 0.051729 | 0.070313 | 0.084119 | 0.102703 | 0.116509 | 0.135093 | 0.148899 |
| Fibonacci | 0.071109 | 0.083482 | 0.091126 | 0.103499 | 0.115872 | 0.123516 | 0.135889 |
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): | 43.16 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -12.259031 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.105960 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.105431 | |
| Elder Ray (13): | -0.000080 | |
| Super Trend (3,10): | 0.107870 | |
| Zig ZAG (10): | 0.106407 | |
| VORTEX (21): | 0.9576 | |
| Stochastique (14,3,5): | 51.04 | |
| TEMA (21): | 0.105869 | |
| Williams %R (14): | -50.42 | |
| Chande Momentum Oscillator (20): | -0.000705 | |
| Repulse (5,40,3): | 0.2091 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0944 | |
| Courbe Coppock: | 1.55 |
| MA7: | 0.107943 | |
| MA20: | 0.104678 | |
| MA50: | 0.102135 | |
| MA100: | 0.102747 | |
| MAexp7: | 0.106322 | |
| MAexp20: | 0.106792 | |
| MAexp50: | 0.107709 | |
| MAexp100: | 0.108044 | |
| Price / MA7: | -1.09% | |
| Price / MA20: | +1.99% | |
| Price / MA50: | +4.53% | |
| Price / MA100: | +3.91% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.88% | |
| Price / MAexp100: | -1.18% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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