RESERVE RIGHTS - RSR/USDT - 1H - Technical analysis published on 02/12/2023 (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 bullish
Underlying:
Slightly bearish
Technical indicators
56%
0%
44%
My opinion
Bullish above 0.003889 USDT
My targets
0.004073 USDT (+0.89%)
0.004305 USDT (+6.64%)
My analysis
The strong short-term increase in RESERVE RIGHTS - RSR/USDT calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.003889 USDT, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.004073 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.004305 USDT as an objective. Crossing it would then enable buyers to target 0.004429 USDT. Caution, a return under 0.003889 USDT could jeopardize the reversal.
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
0
10
2.5
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Additional analysis
Quotes
The RESERVE RIGHTS - RSR/USDT price is 0.004037 USDT. The price has increased by +0.05% since the last closing with the lowest point at 0.003977 USDT and the highest point at 0.004065 USDT. The deviation from the price is +1.51% for the low point and -0.69% for the high point.0.003977
0.004065
0.004037
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
Here is a more detailed summary of the historical variations registered by RESERVE RIGHTS - RSR/USDT:
Technical
Technical analysis of this 1H chart of RESERVE RIGHTS - RSR/USDT indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
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.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Doji
Type : Neutral
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.002728 | 0.003646 | 0.003889 | 0.004037 | 0.004073 | 0.004305 | 0.004429 |
| Change (%) | -32.43% | -9.69% | -3.67% | - | +0.89% | +6.64% | +9.71% |
| Change | -0.001309 | -0.000391 | -0.000148 | - | +0.000036 | +0.000268 | +0.000392 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | 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 | 0.003797 | 0.003851 | 0.003943 | 0.003997 | 0.004089 | 0.004143 | 0.004235 |
| Camarilla | 0.003995 | 0.004008 | 0.004022 | 0.004035 | 0.004048 | 0.004062 | 0.004075 |
| Woodie | 0.003816 | 0.003861 | 0.003962 | 0.004007 | 0.004108 | 0.004153 | 0.004254 |
| Fibonacci | 0.003851 | 0.003907 | 0.003941 | 0.003997 | 0.004053 | 0.004087 | 0.004143 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.002701 | 0.003294 | 0.003664 | 0.004257 | 0.004627 | 0.005220 | 0.005590 |
| Camarilla | 0.003770 | 0.003859 | 0.003947 | 0.004035 | 0.004123 | 0.004212 | 0.004300 |
| Woodie | 0.002591 | 0.003238 | 0.003554 | 0.004201 | 0.004517 | 0.005164 | 0.005480 |
| Fibonacci | 0.003294 | 0.003662 | 0.003889 | 0.004257 | 0.004625 | 0.004852 | 0.005220 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.57 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 5.521871 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.004018 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.003952 | |
| Elder Ray (13): | 0.000016 | |
| Super Trend (3,10): | 0.004069 | |
| Zig ZAG (10): | 0.004031 | |
| VORTEX (21): | 1.1413 | |
| Stochastique (14,3,5): | 81.24 | |
| TEMA (21): | 0.004044 | |
| Williams %R (14): | -20.20 | |
| Chande Momentum Oscillator (20): | 0.000059 | |
| Repulse (5,40,3): | 0.0924 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0335 | |
| Courbe Coppock: | 2.25 |
| MA7: | 0.004210 | |
| MA20: | 0.004289 | |
| MA50: | 0.003748 | |
| MA100: | 0.003930 | |
| MAexp7: | 0.004024 | |
| MAexp20: | 0.004007 | |
| MAexp50: | 0.004036 | |
| MAexp100: | 0.004127 | |
| Price / MA7: | -4.11% | |
| Price / MA20: | -5.88% | |
| Price / MA50: | +7.71% | |
| Price / MA100: | +2.72% | |
| Price / MAexp7: | +0.32% | |
| Price / MAexp20: | +0.75% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | -2.18% |
Quotes :
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Real time data
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Cryptocompare
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