RAVENCOIN - RVN/USD - 1H - Technical analysis published on 11/01/2024 (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:
Neutral
Underlying:
Bearish
Technical indicators
44%
39%
17%
My opinion
Bearish under 0.017588 USD
My targets
0.016709 USD (-1.19%)
0.015312 USD (-9.46%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on RAVENCOIN - RVN/USD. As long as you are under the resistance located at 0.017588 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.016709 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.015312 USD as an objective. Crossing it would then enable sellers to target 0.014583 USD. If the resistance 0.017588 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
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
The RAVENCOIN - RVN/USD rating is 0.016911 USD. On the day, this instrument lost -0.05% and was traded between 0.016504 USD and 0.016919 USD over the period. The price is currently at +2.47% from its lowest and -0.05% from its highest.0.016504
0.016919
0.016911
Here is a more detailed summary of the historical variations registered by RAVENCOIN - RVN/USD:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of RAVENCOIN - RVN/USD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.014583 | 0.016709 | 0.016911 | 0.017588 | 0.018387 | 0.019372 |
| Change (%) | -13.77% | -1.19% | - | +4.00% | +8.73% | +14.55% |
| Change | -0.002328 | -0.000202 | - | +0.000677 | +0.001476 | +0.002461 |
| Level | Major | Major | - | Intermediate | Minor | Intermediate |
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 | 0.015094 | 0.015931 | 0.016425 | 0.017262 | 0.017756 | 0.018593 | 0.019087 |
| Camarilla | 0.016553 | 0.016675 | 0.016797 | 0.016919 | 0.017041 | 0.017163 | 0.017285 |
| Woodie | 0.014923 | 0.015845 | 0.016254 | 0.017176 | 0.017585 | 0.018507 | 0.018916 |
| Fibonacci | 0.015931 | 0.016439 | 0.016754 | 0.017262 | 0.017770 | 0.018085 | 0.018593 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.010256 | 0.013258 | 0.015312 | 0.018314 | 0.020368 | 0.023370 | 0.025424 |
| Camarilla | 0.015976 | 0.016439 | 0.016903 | 0.017366 | 0.017830 | 0.018293 | 0.018756 |
| Woodie | 0.009782 | 0.013021 | 0.014838 | 0.018077 | 0.019894 | 0.023133 | 0.024950 |
| Fibonacci | 0.013258 | 0.015189 | 0.016383 | 0.018314 | 0.020245 | 0.021439 | 0.023370 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006656 | 0.010468 | 0.013693 | 0.017505 | 0.020730 | 0.024542 | 0.027767 |
| Camarilla | 0.014984 | 0.015629 | 0.016274 | 0.016919 | 0.017564 | 0.018209 | 0.018854 |
| Woodie | 0.006364 | 0.010321 | 0.013401 | 0.017358 | 0.020438 | 0.024395 | 0.027475 |
| Fibonacci | 0.010468 | 0.013156 | 0.014817 | 0.017505 | 0.020193 | 0.021854 | 0.024542 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 35.99 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -23.048460 | |
| AROON (14): | -71.428572 | |
| DEMA (21): | 0.016546 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.016509 | |
| Elder Ray (13): | -0.000031 | |
| Super Trend (3,10): | 0.016850 | |
| Zig ZAG (10): | 0.016710 | |
| VORTEX (21): | 0.8696 | |
| Stochastique (14,3,5): | 37.71 | |
| TEMA (21): | 0.016534 | |
| Williams %R (14): | -55.70 | |
| Chande Momentum Oscillator (20): | -0.000209 | |
| Repulse (5,40,3): | 0.3758 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2117 | |
| Courbe Coppock: | 3.18 |
| MA7: | 0.017346 | |
| MA20: | 0.017506 | |
| MA50: | 0.017373 | |
| MA100: | 0.017040 | |
| MAexp7: | 0.016682 | |
| MAexp20: | 0.016847 | |
| MAexp50: | 0.017205 | |
| MAexp100: | 0.017388 | |
| Price / MA7: | -2.51% | |
| Price / MA20: | -3.40% | |
| Price / MA50: | -2.66% | |
| Price / MA100: | -0.76% | |
| Price / MAexp7: | +1.37% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | -1.71% | |
| Price / MAexp100: | -2.74% |
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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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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