RAVENCOIN - RVN/USD - 1H - Technical analysis published on 09/18/2024 (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:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.016436 USD
My targets
0.016772 USD (+0.82%)
0.017056 USD (+2.52%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on RAVENCOIN - RVN/USD as long as the price remains well above 0.016436 USD. The buyers' bullish objective is set at 0.016772 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.017056 USD. If there is any crossing, the next objective would be the resistance located at 0.017458 USD.
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
4.6
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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 0.016636 USD. The price registered a decrease of -0.23% on the session and was traded between 0.016011 USD and 0.017176 USD over the period. The price is currently at +3.90% from its lowest and -3.14% from its highest.0.016011
0.017176
0.016636
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
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this RAVENCOIN - RVN/USD chart shows a slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
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.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.016091 | 0.016273 | 0.016436 | 0.016636 | 0.016772 | 0.017056 | 0.017458 |
| Change (%) | -3.28% | -2.18% | -1.20% | - | +0.82% | +2.52% | +4.94% |
| Change | -0.000545 | -0.000363 | -0.000200 | - | +0.000136 | +0.000420 | +0.000822 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 0.015335 | 0.015645 | 0.016159 | 0.016469 | 0.016983 | 0.017293 | 0.017807 |
| Camarilla | 0.016447 | 0.016523 | 0.016599 | 0.016674 | 0.016750 | 0.016825 | 0.016901 |
| Woodie | 0.015438 | 0.015696 | 0.016262 | 0.016520 | 0.017086 | 0.017344 | 0.017910 |
| Fibonacci | 0.015645 | 0.015959 | 0.016154 | 0.016469 | 0.016783 | 0.016978 | 0.017293 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014016 | 0.014939 | 0.016132 | 0.017055 | 0.018248 | 0.019171 | 0.020364 |
| Camarilla | 0.016743 | 0.016937 | 0.017131 | 0.017325 | 0.017519 | 0.017713 | 0.017907 |
| Woodie | 0.014151 | 0.015007 | 0.016267 | 0.017123 | 0.018383 | 0.019239 | 0.020499 |
| Fibonacci | 0.014939 | 0.015747 | 0.016247 | 0.017055 | 0.017863 | 0.018363 | 0.019171 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003415 | 0.007483 | 0.011840 | 0.015908 | 0.020265 | 0.024333 | 0.028690 |
| Camarilla | 0.013879 | 0.014651 | 0.015424 | 0.016196 | 0.016968 | 0.017741 | 0.018513 |
| Woodie | 0.003559 | 0.007555 | 0.011984 | 0.015980 | 0.020409 | 0.024405 | 0.028834 |
| Fibonacci | 0.007483 | 0.010702 | 0.012690 | 0.015908 | 0.019127 | 0.021115 | 0.024333 |
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): | 55.09 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 5.014267 | |
| AROON (14): | 14.285715 | |
| DEMA (21): | 0.016557 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.016049 | |
| Elder Ray (13): | 0.000152 | |
| Super Trend (3,10): | 0.016844 | |
| Zig ZAG (10): | 0.016671 | |
| VORTEX (21): | 1.0137 | |
| Stochastique (14,3,5): | 73.19 | |
| TEMA (21): | 0.016513 | |
| Williams %R (14): | -32.96 | |
| Chande Momentum Oscillator (20): | 0.000002 | |
| Repulse (5,40,3): | 0.4370 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0091 | |
| Courbe Coppock: | 3.76 |
| MA7: | 0.016935 | |
| MA20: | 0.016527 | |
| MA50: | 0.016477 | |
| MA100: | 0.018037 | |
| MAexp7: | 0.016555 | |
| MAexp20: | 0.016561 | |
| MAexp50: | 0.016564 | |
| MAexp100: | 0.016665 | |
| Price / MA7: | -1.77% | |
| Price / MA20: | +0.66% | |
| Price / MA50: | +0.96% | |
| Price / MA100: | -7.77% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | +0.45% | |
| Price / MAexp50: | +0.43% | |
| Price / MAexp100: | -0.17% |
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.
About author
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