REN - REN/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	RENUSDT
ISIN:

REN - REN/USDT - Daily - Technical analysis published on 03/19/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 0.139200 USDT

My targets

0.167913 USDT (+13.84%)

0.197427 USDT (+33.85%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on REN - REN/USDT as long as the price remains well above 0.139200 USDT. The buyers' bullish objective is set at 0.167913 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.197427 USDT. If there is any crossing, the next objective would be the resistance located at 0.275723 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.7

Comment on the analysis

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 MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The REN - REN/USDT rating is 0.147500 USDT. The price has increased by +57.49% since the last closing and was between 0.093650 USDT and 0.167500 USDT. This implies that the price is at +57.50% from its lowest and at -11.94% from its highest.

0.093650

0.167500

0.147500

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:

Abnormal volumes on REN - REN/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of REN - REN/USDT in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.120900	0.128671	0.139200	0.147500	0.275723	0.574900	1.224000
Change (%)	-18.03%	-12.77%	-5.63%	-	+86.93%	+289.76%	+729.83%
Change	-0.026600	-0.018829	-0.008300	-	+0.128223	+0.427400	+1.076500
Level	Minor	Major	Minor	-	Minor	Minor	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	0.081007	0.086953	0.090307	0.096253	0.099607	0.105553	0.108907
Camarilla	0.091103	0.091955	0.092808	0.093660	0.094513	0.095365	0.096218
Woodie	0.079710	0.086305	0.089010	0.095605	0.098310	0.104905	0.107610
Fibonacci	0.086953	0.090506	0.092701	0.096253	0.099806	0.102001	0.105553

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.038207	0.056353	0.075007	0.093153	0.111807	0.129953	0.148607
Camarilla	0.083540	0.086913	0.090287	0.093660	0.097033	0.100407	0.103780
Woodie	0.038460	0.056480	0.075260	0.093280	0.112060	0.130080	0.148860
Fibonacci	0.056353	0.070411	0.079096	0.093153	0.107211	0.115896	0.129953

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.013167	0.045073	0.074587	0.106493	0.136007	0.167913	0.197427
Camarilla	0.087210	0.092840	0.098470	0.104100	0.109730	0.115360	0.120991
Woodie	0.011970	0.044475	0.073390	0.105895	0.134810	0.167315	0.196230
Fibonacci	0.045073	0.068536	0.083031	0.106493	0.129956	0.144451	0.167913

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):	59.12
MACD (12,26,9):	0.0009
Directional Movement:	17.476170
AROON (14):	-28.571429
DEMA (21):	0.100807
Parabolic SAR (0,02-0,02-0,2):	0.072860
Elder Ray (13):	0.008039
Super Trend (3,10):	0.119726
Zig ZAG (10):	0.118500
VORTEX (21):	0.9621
Stochastique (14,3,5):	53.54
TEMA (21):	0.098756
Williams %R (14):	-21.79
Chande Momentum Oscillator (20):	0.004800
Repulse (5,40,3):	22.9839
ROCnROLL:	1
TRIX (15,9):	0.0661
Courbe Coppock:	28.14

MA7:	0.098384
MA20:	0.103733
MA50:	0.096225
MA100:	0.084741
MAexp7:	0.100435
MAexp20:	0.099419
MAexp50:	0.095571
MAexp100:	0.093804
Price / MA7:	+49.92%
Price / MA20:	+42.19%
Price / MA50:	+53.29%
Price / MA100:	+74.06%
Price / MAexp7:	+46.86%
Price / MAexp20:	+48.36%
Price / MAexp50:	+54.34%
Price / MAexp100:	+57.24%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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