RAVENCOIN - RVN/USD - 1H - Technical analysis published on 11/18/2023 (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 bearish
Underlying:
Strongly bearish
Technical indicators
50%
28%
22%
My opinion
Bearish under 0.017968 USD
My targets
0.017439 USD (-1.38%)
0.017089 USD (-3.36%)
My analysis
The bearish trend is currently very strong for RAVENCOIN - RVN/USD. As long as the price remains below the resistance at 0.017968 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.017439 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.017089 USD as an objective. Crossing it would then enable sellers to target 0.016414 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RAVENCOIN - RVN/USD price is 0.017683 USD. The price registered a decrease of -0.20% on the session with the lowest point at 0.017593 USD and the highest point at 0.017778 USD. The deviation from the price is +0.51% for the low point and -0.53% for the high point.0.017593
0.017778
0.017683
Here is a more detailed summary of the historical variations registered by RAVENCOIN - RVN/USD:
Technical
Technical analysis of RAVENCOIN - RVN/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.016414 | 0.017089 | 0.017439 | 0.017683 | 0.017968 | 0.018554 | 0.018921 |
| Change (%) | -7.18% | -3.36% | -1.38% | - | +1.61% | +4.93% | +7.00% |
| Change | -0.001269 | -0.000594 | -0.000244 | - | +0.000285 | +0.000871 | +0.001238 |
| Level | Minor | Minor | Major | - | Intermediate | 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 | 0.015978 | 0.016604 | 0.017162 | 0.017788 | 0.018346 | 0.018972 | 0.019530 |
| Camarilla | 0.017393 | 0.017502 | 0.017611 | 0.017719 | 0.017828 | 0.017936 | 0.018045 |
| Woodie | 0.015943 | 0.016587 | 0.017127 | 0.017771 | 0.018311 | 0.018955 | 0.019495 |
| Fibonacci | 0.016604 | 0.017057 | 0.017336 | 0.017788 | 0.018241 | 0.018520 | 0.018972 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014361 | 0.015387 | 0.017284 | 0.018310 | 0.020207 | 0.021233 | 0.023130 |
| Camarilla | 0.018376 | 0.018644 | 0.018912 | 0.019180 | 0.019448 | 0.019716 | 0.019984 |
| Woodie | 0.014796 | 0.015605 | 0.017719 | 0.018528 | 0.020642 | 0.021451 | 0.023565 |
| Fibonacci | 0.015387 | 0.016504 | 0.017194 | 0.018310 | 0.019427 | 0.020117 | 0.021233 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.008024 | 0.010588 | 0.013867 | 0.016431 | 0.019710 | 0.022274 | 0.025553 |
| Camarilla | 0.015539 | 0.016075 | 0.016610 | 0.017146 | 0.017682 | 0.018217 | 0.018753 |
| Woodie | 0.008382 | 0.010767 | 0.014225 | 0.016610 | 0.020068 | 0.022453 | 0.025911 |
| Fibonacci | 0.010588 | 0.012820 | 0.014199 | 0.016431 | 0.018663 | 0.020042 | 0.022274 |
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): | 45.12 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -6.489632 | |
| AROON (14): | -14.285715 | |
| DEMA (21): | 0.017550 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.017243 | |
| Elder Ray (13): | 0.000032 | |
| Super Trend (3,10): | 0.018257 | |
| Zig ZAG (10): | 0.017730 | |
| VORTEX (21): | 0.9101 | |
| Stochastique (14,3,5): | 50.28 | |
| TEMA (21): | 0.017535 | |
| Williams %R (14): | -50.17 | |
| Chande Momentum Oscillator (20): | -0.000203 | |
| Repulse (5,40,3): | 0.0931 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1538 | |
| Courbe Coppock: | 4.35 |
| MA7: | 0.018317 | |
| MA20: | 0.018189 | |
| MA50: | 0.016112 | |
| MA100: | 0.015794 | |
| MAexp7: | 0.017644 | |
| MAexp20: | 0.017769 | |
| MAexp50: | 0.018057 | |
| MAexp100: | 0.018278 | |
| Price / MA7: | -3.46% | |
| Price / MA20: | -2.78% | |
| Price / MA50: | +9.75% | |
| Price / MA100: | +11.96% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | -0.48% | |
| Price / MAexp50: | -2.07% | |
| Price / MAexp100: | -3.26% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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