RAVENCOIN - RVN/USD - 1H - Technical analysis published on 02/03/2024 (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:
Bearish
Underlying:
Bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 0.018367 USD
My targets
0.017932 USD (-1.15%)
0.017750 USD (-2.15%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on RAVENCOIN - RVN/USD as long as the price remains well below 0.018367 USD. The next bearish objective for sellers is set at 0.017932 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 0.017750 USD. If there is any crossing, the next objective would be the support located at 0.017618 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RAVENCOIN - RVN/USD rating 0.018140 USD. On the day, this instrument lost -0.14% and was traded between 0.017977 USD and 0.018334 USD over the period. The price is currently at +0.91% from its lowest and -1.06% from its highest.0.017977
0.018334
0.018140
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
Technical
Technical analysis of this 1H chart of RAVENCOIN - RVN/USD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.017618 | 0.017750 | 0.017932 | 0.018140 | 0.018234 | 0.018367 | 0.018512 |
| Change (%) | -2.88% | -2.15% | -1.15% | - | +0.52% | +1.25% | +2.05% |
| Change | -0.000522 | -0.000390 | -0.000208 | - | +0.000094 | +0.000227 | +0.000372 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Minor |
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 | 0.017470 | 0.017688 | 0.017927 | 0.018145 | 0.018384 | 0.018602 | 0.018841 |
| Camarilla | 0.018039 | 0.018081 | 0.018123 | 0.018165 | 0.018207 | 0.018249 | 0.018291 |
| Woodie | 0.017480 | 0.017693 | 0.017937 | 0.018150 | 0.018394 | 0.018607 | 0.018851 |
| Fibonacci | 0.017688 | 0.017863 | 0.017971 | 0.018145 | 0.018320 | 0.018428 | 0.018602 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014274 | 0.015575 | 0.017075 | 0.018376 | 0.019876 | 0.021177 | 0.022677 |
| Camarilla | 0.017805 | 0.018062 | 0.018318 | 0.018575 | 0.018832 | 0.019089 | 0.019345 |
| Woodie | 0.014374 | 0.015625 | 0.017175 | 0.018426 | 0.019976 | 0.021227 | 0.022777 |
| Fibonacci | 0.015575 | 0.016645 | 0.017306 | 0.018376 | 0.019446 | 0.020107 | 0.021177 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.009540 | 0.013208 | 0.015601 | 0.019269 | 0.021662 | 0.025330 | 0.027723 |
| Camarilla | 0.016327 | 0.016883 | 0.017438 | 0.017994 | 0.018550 | 0.019105 | 0.019661 |
| Woodie | 0.008903 | 0.012889 | 0.014964 | 0.018950 | 0.021025 | 0.025011 | 0.027086 |
| Fibonacci | 0.013208 | 0.015523 | 0.016954 | 0.019269 | 0.021584 | 0.023015 | 0.025330 |
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): | 48.31 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -3.849130 | |
| AROON (14): | -78.571429 | |
| DEMA (21): | 0.018156 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.018250 | |
| Elder Ray (13): | -0.000022 | |
| Super Trend (3,10): | 0.017802 | |
| Zig ZAG (10): | 0.018131 | |
| VORTEX (21): | 0.9812 | |
| Stochastique (14,3,5): | 47.81 | |
| TEMA (21): | 0.018131 | |
| Williams %R (14): | -56.86 | |
| Chande Momentum Oscillator (20): | -0.000121 | |
| Repulse (5,40,3): | 0.3344 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0021 | |
| Courbe Coppock: | 0.80 |
| MA7: | 0.018228 | |
| MA20: | 0.018592 | |
| MA50: | 0.020198 | |
| MA100: | 0.019587 | |
| MAexp7: | 0.018141 | |
| MAexp20: | 0.018163 | |
| MAexp50: | 0.018161 | |
| MAexp100: | 0.018186 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | -2.43% | |
| Price / MA50: | -10.19% | |
| Price / MA100: | -7.39% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.25% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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