RAVENCOIN - RVN/USDT - 1H - Technical analysis published on 11/24/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 0.022627 USDT
My targets
0.024510 USDT (+6.80%)
0.024800 USDT (+8.06%)
My analysis
The basic bullish trend is very strong on RAVENCOIN - RVN/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.022627 USDT. Crossing the first resistance at 0.024510 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.024800 USDT as an objective. Crossing it would then enable buyers to target 0.027123 USDT. Caution, a return to below 0.022627 USDT would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
6.8
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Additional analysis
Quotes
The RAVENCOIN - RVN/USDT rating is 0.022950 USDT. On the day, this instrument gained +1.10% and was between 0.022490 USDT and 0.023220 USDT. This implies that the price is at +2.05% from its lowest and at -1.16% from its highest.0.022490
0.023220
0.022950
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:
Technical
Technical analysis of RAVENCOIN - RVN/USDT in 1H 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 indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.020980 | 0.021726 | 0.022627 | 0.022950 | 0.024800 | 0.027123 | 0.032280 |
| Change (%) | -8.58% | -5.33% | -1.41% | - | +8.06% | +18.18% | +40.65% |
| Change | -0.001970 | -0.001224 | -0.000323 | - | +0.001850 | +0.004173 | +0.009330 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.016417 | 0.018513 | 0.020607 | 0.022703 | 0.024797 | 0.026893 | 0.028987 |
| Camarilla | 0.021548 | 0.021932 | 0.022316 | 0.022700 | 0.023084 | 0.023468 | 0.023852 |
| Woodie | 0.016415 | 0.018513 | 0.020605 | 0.022703 | 0.024795 | 0.026893 | 0.028985 |
| Fibonacci | 0.018513 | 0.020114 | 0.021103 | 0.022703 | 0.024304 | 0.025293 | 0.026893 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017180 | 0.018590 | 0.020140 | 0.021550 | 0.023100 | 0.024510 | 0.026060 |
| Camarilla | 0.020876 | 0.021147 | 0.021419 | 0.021690 | 0.021961 | 0.022233 | 0.022504 |
| Woodie | 0.017250 | 0.018625 | 0.020210 | 0.021585 | 0.023170 | 0.024545 | 0.026130 |
| Fibonacci | 0.018590 | 0.019721 | 0.020419 | 0.021550 | 0.022681 | 0.023379 | 0.024510 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.018567 | 0.023683 | 0.027557 | 0.032673 | 0.036547 | 0.041663 | 0.045537 |
| Camarilla | 0.028958 | 0.029782 | 0.030606 | 0.031430 | 0.032254 | 0.033078 | 0.033902 |
| Woodie | 0.017945 | 0.023373 | 0.026935 | 0.032363 | 0.035925 | 0.041353 | 0.044915 |
| Fibonacci | 0.023683 | 0.027118 | 0.029239 | 0.032673 | 0.036108 | 0.038229 | 0.041663 |
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): | 60.17 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 21.619091 | |
| AROON (14): | 64.285714 | |
| DEMA (21): | 0.023045 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.022250 | |
| Elder Ray (13): | 0.000181 | |
| Super Trend (3,10): | 0.022212 | |
| Zig ZAG (10): | 0.022910 | |
| VORTEX (21): | 1.2402 | |
| Stochastique (14,3,5): | 63.84 | |
| TEMA (21): | 0.023010 | |
| Williams %R (14): | -29.25 | |
| Chande Momentum Oscillator (20): | 0.000440 | |
| Repulse (5,40,3): | 0.2380 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2691 | |
| Courbe Coppock: | 1.86 |
| MA7: | 0.021454 | |
| MA20: | 0.023271 | |
| MA50: | 0.028483 | |
| MA100: | 0.033432 | |
| MAexp7: | 0.022827 | |
| MAexp20: | 0.022550 | |
| MAexp50: | 0.021896 | |
| MAexp100: | 0.021508 | |
| Price / MA7: | +6.97% | |
| Price / MA20: | -1.38% | |
| Price / MA50: | -19.43% | |
| Price / MA100: | -31.35% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | +1.77% | |
| Price / MAexp50: | +4.81% | |
| Price / MAexp100: | +6.70% |
Quotes :
-
Real time data
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Cryptocompare
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