RESERVE RIGHTS - RSR/USDT - 1H - Technical analysis published on 10/18/2022 (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 bearish
Underlying:
Slightly bullish
Technical indicators
11%
61%
28%
My opinion
Bearish under 0.006686 USDT
My targets
0.006438 USDT (-1.27%)
0.006107 USDT (-6.35%)
My analysis
The strong short-term decline in RESERVE RIGHTS - RSR/USDT calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 0.006686 USDT, one could consider taking advantage of the short-term movement. The first bearish objective is located at 0.006438 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.006107 USDT as an objective. Crossing it would then enable sellers to target 0.005980 USDT. Be careful, a return to above 0.006686 USDT could jeopardize the reversal.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
2.3
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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 0.006521 USDT. The price is lower by -8.08% since the last closing and was traded between 0.006516 USDT and 0.007104 USDT over the period. The price is currently at +0.08% from its lowest and -8.21% from its highest.0.006516
0.007104
0.006521
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of RESERVE RIGHTS - RSR/USDT indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
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.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.005980 | 0.006107 | 0.006438 | 0.006521 | 0.006686 | 0.007247 | 0.007377 |
| Change (%) | -8.30% | -6.35% | -1.27% | - | +2.53% | +11.13% | +13.13% |
| Change | -0.000541 | -0.000414 | -0.000083 | - | +0.000165 | +0.000726 | +0.000856 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.005387 | 0.005750 | 0.006422 | 0.006785 | 0.007457 | 0.007820 | 0.008492 |
| Camarilla | 0.006809 | 0.006904 | 0.006999 | 0.007094 | 0.007189 | 0.007284 | 0.007379 |
| Woodie | 0.005542 | 0.005827 | 0.006577 | 0.006862 | 0.007612 | 0.007897 | 0.008647 |
| Fibonacci | 0.005750 | 0.006145 | 0.006390 | 0.006785 | 0.007180 | 0.007425 | 0.007820 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003378 | 0.004647 | 0.005396 | 0.006665 | 0.007414 | 0.008683 | 0.009432 |
| Camarilla | 0.005590 | 0.005775 | 0.005960 | 0.006145 | 0.006330 | 0.006515 | 0.006700 |
| Woodie | 0.003118 | 0.004517 | 0.005136 | 0.006535 | 0.007154 | 0.008553 | 0.009172 |
| Fibonacci | 0.004647 | 0.005418 | 0.005894 | 0.006665 | 0.007436 | 0.007912 | 0.008683 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 41.55 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -1.494032 | |
| AROON (14): | -71.428571 | |
| DEMA (21): | 0.006724 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.006876 | |
| Elder Ray (13): | -0.000110 | |
| Super Trend (3,10): | 0.006896 | |
| Zig ZAG (10): | 0.006547 | |
| VORTEX (21): | 0.8453 | |
| Stochastique (14,3,5): | 8.20 | |
| TEMA (21): | 0.006622 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.000308 | |
| Repulse (5,40,3): | -2.2307 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1051 | |
| Courbe Coppock: | 8.21 |
| MA7: | 0.006427 | |
| MA20: | 0.007730 | |
| MA50: | 0.006948 | |
| MA100: | 0.006811 | |
| MAexp7: | 0.006632 | |
| MAexp20: | 0.006702 | |
| MAexp50: | 0.006604 | |
| MAexp100: | 0.006538 | |
| Price / MA7: | +1.46% | |
| Price / MA20: | -15.64% | |
| Price / MA50: | -6.15% | |
| Price / MA100: | -4.26% | |
| Price / MAexp7: | -1.67% | |
| Price / MAexp20: | -2.70% | |
| Price / MAexp50: | -1.26% | |
| Price / MAexp100: | -0.26% |
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.
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