RAVENCOIN - RVN/USD - 1H - Technical analysis published on 11/26/2023 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 0.017968 USD
My targets
0.018415 USD (+1.68%)
0.019081 USD (+5.36%)
My analysis
The bullish trend is currently very strong on RAVENCOIN - RVN/USD. As long as the price remains above the support at 0.017968 USD, you could try to benefit from the boom. The first bullish objective is located at 0.018415 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.019081 USD as an objective. Crossing it would then enable buyers to target 0.020096 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7
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Additional analysis
Quotes
RAVENCOIN - RVN/USD rating 0.018111 USD. The price registered a decrease of -0.12% on the session and was between 0.017871 USD and 0.018267 USD. This implies that the price is at +1.34% from its lowest and at -0.85% from its highest.0.017871
0.018267
0.018111
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of RAVENCOIN - RVN/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.016744 | 0.017565 | 0.017968 | 0.018111 | 0.018415 | 0.019081 | 0.020096 |
| Change (%) | -7.55% | -3.01% | -0.79% | - | +1.68% | +5.36% | +10.96% |
| Change | -0.001367 | -0.000546 | -0.000143 | - | +0.000304 | +0.000970 | +0.001985 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Minor | Major |
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 | 0.017148 | 0.017394 | 0.017763 | 0.018009 | 0.018378 | 0.018624 | 0.018993 |
| Camarilla | 0.017964 | 0.018020 | 0.018077 | 0.018133 | 0.018189 | 0.018246 | 0.018302 |
| Woodie | 0.017211 | 0.017425 | 0.017826 | 0.018040 | 0.018441 | 0.018655 | 0.019056 |
| Fibonacci | 0.017394 | 0.017629 | 0.017774 | 0.018009 | 0.018244 | 0.018389 | 0.018624 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.011542 | 0.013718 | 0.015926 | 0.018102 | 0.020310 | 0.022486 | 0.024694 |
| Camarilla | 0.016927 | 0.017329 | 0.017731 | 0.018133 | 0.018535 | 0.018937 | 0.019339 |
| Woodie | 0.011557 | 0.013726 | 0.015941 | 0.018110 | 0.020325 | 0.022494 | 0.024709 |
| Fibonacci | 0.013718 | 0.015393 | 0.016428 | 0.018102 | 0.019777 | 0.020812 | 0.022486 |
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 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): | 53.42 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 1.096572 | |
| AROON (14): | -64.285714 | |
| DEMA (21): | 0.018118 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.018229 | |
| Elder Ray (13): | 0.000019 | |
| Super Trend (3,10): | 0.017766 | |
| Zig ZAG (10): | 0.018100 | |
| VORTEX (21): | 1.0260 | |
| Stochastique (14,3,5): | 67.76 | |
| TEMA (21): | 0.018078 | |
| Williams %R (14): | -26.52 | |
| Chande Momentum Oscillator (20): | 0.000111 | |
| Repulse (5,40,3): | 0.8625 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0296 | |
| Courbe Coppock: | 0.07 |
| MA7: | 0.017389 | |
| MA20: | 0.017984 | |
| MA50: | 0.016534 | |
| MA100: | 0.015806 | |
| MAexp7: | 0.018090 | |
| MAexp20: | 0.018062 | |
| MAexp50: | 0.017926 | |
| MAexp100: | 0.017766 | |
| Price / MA7: | +4.15% | |
| Price / MA20: | +0.71% | |
| Price / MA50: | +9.54% | |
| Price / MA100: | +14.58% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | +1.03% | |
| Price / MAexp100: | +1.94% |
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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