RESERVE RIGHTS - RSR/USDT - 1H - Technical analysis published on 02/10/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 0.004116 USDT
My targets
0.003871 USDT (-2.73%)
0.003646 USDT (-8.39%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on RESERVE RIGHTS - RSR/USDT as long as the price remains well below 0.004116 USDT. The sellers' bearish objective is set at 0.003871 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.003646 USDT. In case of crossing, the next objective would be the support located at 0.002728 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
4.8
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This analysis was given by Joeymeloney. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RESERVE RIGHTS - RSR/USDT rating 0.003980 USDT. The price registered a decrease of -0.82% on the session with the lowest point at 0.003886 USDT and the highest point at 0.004076 USDT. The deviation from the price is +2.42% for the low point and -2.36% for the high point.0.003886
0.004076
0.003980
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of RESERVE RIGHTS - RSR/USDT in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.002728 | 0.003646 | 0.003980 | 0.004116 | 0.004305 | 0.004429 |
| Change (%) | -31.46% | -8.39% | - | +3.42% | +8.17% | +11.28% |
| Change | -0.001252 | -0.000334 | - | +0.000136 | +0.000325 | +0.000449 |
| Level | Minor | Major | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003053 | 0.003490 | 0.003751 | 0.004188 | 0.004449 | 0.004886 | 0.005147 |
| Camarilla | 0.003821 | 0.003885 | 0.003949 | 0.004013 | 0.004077 | 0.004141 | 0.004205 |
| Woodie | 0.002966 | 0.003446 | 0.003664 | 0.004144 | 0.004362 | 0.004842 | 0.005060 |
| Fibonacci | 0.003490 | 0.003756 | 0.003921 | 0.004188 | 0.004454 | 0.004619 | 0.004886 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003044 | 0.003469 | 0.003871 | 0.004296 | 0.004698 | 0.005123 | 0.005525 |
| Camarilla | 0.004047 | 0.004122 | 0.004198 | 0.004274 | 0.004350 | 0.004426 | 0.004501 |
| Woodie | 0.003034 | 0.003463 | 0.003861 | 0.004290 | 0.004688 | 0.005117 | 0.005515 |
| Fibonacci | 0.003469 | 0.003785 | 0.003980 | 0.004296 | 0.004612 | 0.004807 | 0.005123 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001054 | 0.001923 | 0.003078 | 0.003947 | 0.005102 | 0.005971 | 0.007126 |
| Camarilla | 0.003676 | 0.003862 | 0.004048 | 0.004233 | 0.004419 | 0.004604 | 0.004790 |
| Woodie | 0.001197 | 0.001995 | 0.003221 | 0.004019 | 0.005245 | 0.006043 | 0.007269 |
| Fibonacci | 0.001923 | 0.002696 | 0.003174 | 0.003947 | 0.004720 | 0.005198 | 0.005971 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.74 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -9.206403 | |
| AROON (14): | 21.428572 | |
| DEMA (21): | 0.003920 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.003890 | |
| Elder Ray (13): | 0.000033 | |
| Super Trend (3,10): | 0.004116 | |
| Zig ZAG (10): | 0.004032 | |
| VORTEX (21): | 0.7542 | |
| Stochastique (14,3,5): | 72.11 | |
| TEMA (21): | 0.003924 | |
| Williams %R (14): | -47.37 | |
| Chande Momentum Oscillator (20): | -0.000001 | |
| Repulse (5,40,3): | 1.6046 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4158 | |
| Courbe Coppock: | 2.89 |
| MA7: | 0.004266 | |
| MA20: | 0.004324 | |
| MA50: | 0.003714 | |
| MA100: | 0.003993 | |
| MAexp7: | 0.003984 | |
| MAexp20: | 0.004057 | |
| MAexp50: | 0.004223 | |
| MAexp100: | 0.004307 | |
| Price / MA7: | -6.70% | |
| Price / MA20: | -7.96% | |
| Price / MA50: | +7.16% | |
| Price / MA100: | -0.33% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -1.90% | |
| Price / MAexp50: | -5.75% | |
| Price / MAexp100: | -7.59% |
Quotes :
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Real time data
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Cryptocompare
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