RESERVE RIGHTS - RSR/USDT - 1H - Technical analysis published on 10/11/2022 (GMT)
- 168
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.007257 USDT
My targets
0.006722 USDT (-1.75%)
0.005780 USDT (-15.52%)
My analysis
With a strongly bearish trend, the price of RESERVE RIGHTS - RSR/USDT is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.007257 USDT remains possible. It would be possible for traders to only trade short positions (for sale) on RESERVE RIGHTS - RSR/USDT as long as the price remains well below 0.007257 USDT. The next bearish objective for sellers is set at 0.006722 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.005780 USDT. In case of crossing, the next objective would be the support located at 0.005126 USDT.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.5
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 EpicHaxer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RESERVE RIGHTS - RSR/USDT price is 0.006842 USDT. The price has increased by +4.11% since the last closing and was between 0.006356 USDT and 0.006976 USDT. This implies that the price is at +7.65% from its lowest and at -1.92% from its highest.0.006356
0.006976
0.006842
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of RESERVE RIGHTS - RSR/USDT indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.005126 | 0.006842 | 0.007257 | 0.007931 | 0.008532 |
| Change (%) | -25.08% | - | +6.07% | +15.92% | +24.70% |
| Change | -0.001716 | - | +0.000415 | +0.001089 | +0.001690 |
| Level | Major | - | Intermediate | 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 | 0.005133 | 0.005831 | 0.006201 | 0.006899 | 0.007269 | 0.007967 | 0.008337 |
| Camarilla | 0.006278 | 0.006376 | 0.006474 | 0.006572 | 0.006670 | 0.006768 | 0.006866 |
| Woodie | 0.004970 | 0.005749 | 0.006038 | 0.006817 | 0.007106 | 0.007885 | 0.008174 |
| Fibonacci | 0.005831 | 0.006239 | 0.006491 | 0.006899 | 0.007307 | 0.007559 | 0.007967 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004011 | 0.005780 | 0.006722 | 0.008491 | 0.009433 | 0.011202 | 0.012144 |
| Camarilla | 0.006919 | 0.007167 | 0.007416 | 0.007664 | 0.007913 | 0.008161 | 0.008410 |
| Woodie | 0.003598 | 0.005573 | 0.006309 | 0.008284 | 0.009020 | 0.010995 | 0.011731 |
| Fibonacci | 0.005780 | 0.006816 | 0.007455 | 0.008491 | 0.009527 | 0.010166 | 0.011202 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.002356 | 0.003771 | 0.005974 | 0.007389 | 0.009592 | 0.011007 | 0.013210 |
| Camarilla | 0.007181 | 0.007513 | 0.007844 | 0.008176 | 0.008508 | 0.008839 | 0.009171 |
| Woodie | 0.002749 | 0.003968 | 0.006367 | 0.007586 | 0.009985 | 0.011204 | 0.013603 |
| Fibonacci | 0.003771 | 0.005153 | 0.006007 | 0.007389 | 0.008771 | 0.009625 | 0.011007 |
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): | 46.25 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -5.101720 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.006676 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.006505 | |
| Elder Ray (13): | 0.000053 | |
| Super Trend (3,10): | 0.006536 | |
| Zig ZAG (10): | 0.006885 | |
| VORTEX (21): | 0.8467 | |
| Stochastique (14,3,5): | 79.04 | |
| TEMA (21): | 0.006719 | |
| Williams %R (14): | -16.67 | |
| Chande Momentum Oscillator (20): | -0.000105 | |
| Repulse (5,40,3): | 0.5091 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3815 | |
| Courbe Coppock: | 5.53 |
| MA7: | 0.007927 | |
| MA20: | 0.008238 | |
| MA50: | 0.006885 | |
| MA100: | 0.006856 | |
| MAexp7: | 0.006817 | |
| MAexp20: | 0.006872 | |
| MAexp50: | 0.007191 | |
| MAexp100: | 0.007635 | |
| Price / MA7: | -13.69% | |
| Price / MA20: | -16.95% | |
| Price / MA50: | -0.62% | |
| Price / MA100: | -0.20% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | -0.44% | |
| Price / MAexp50: | -4.85% | |
| Price / MAexp100: | -10.39% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis RESERVE RIGHTS - RSR/USDT - 1H