REN - REN/USD - Daily - Technical analysis published on 08/16/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 0.140000 USD
My targets
0.180000 USD (+5.88%)
0.230000 USD (+35.29%)
My analysis
The strong short-term increase for REN - REN/USD reinforces the current slightly bullish trend. As long as the price remains above 0.140000 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.180000 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.230000 USD as an objective. Crossing it would then enable buyers to target 0.279300 USD. A return to 0.140000 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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
3.8
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This analysis was given by Londinia.
Additional analysis
Quotes
REN - REN/USD rating 0.170000 USD. The price registered an increase of +6.25% on the session and was traded between 0.160000 USD and 0.170000 USD over the period. The price is currently at +6.25% from its lowest and 0% from its highest.0.160000
0.170000
0.170000
Here is a more detailed summary of the historical variations registered by REN - REN/USD:
Technical
Technical analysis of this Daily chart of REN - REN/USD indicates that the overall trend is slightly bullish. Only 60.71% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.087740 | 0.140000 | 0.170000 | 0.180000 | 0.279300 | 0.320000 |
| Change (%) | -48.39% | -17.65% | - | +5.88% | +64.29% | +88.24% |
| Change | -0.082260 | -0.030000 | - | +0.010000 | +0.109300 | +0.150000 |
| Level | Major | Major | - | Minor | 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 | 0.133333 | 0.146667 | 0.153333 | 0.166667 | 0.173333 | 0.186667 | 0.193333 |
| Camarilla | 0.154500 | 0.156333 | 0.158167 | 0.160000 | 0.161833 | 0.163667 | 0.165500 |
| Woodie | 0.130000 | 0.145000 | 0.150000 | 0.165000 | 0.170000 | 0.185000 | 0.190000 |
| Fibonacci | 0.146667 | 0.154307 | 0.159027 | 0.166667 | 0.174307 | 0.179027 | 0.186667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.056667 | 0.103333 | 0.136667 | 0.183333 | 0.216667 | 0.263333 | 0.296667 |
| Camarilla | 0.148000 | 0.155333 | 0.162667 | 0.170000 | 0.177333 | 0.184667 | 0.192000 |
| Woodie | 0.050000 | 0.100000 | 0.130000 | 0.180000 | 0.210000 | 0.260000 | 0.290000 |
| Fibonacci | 0.103333 | 0.133893 | 0.152773 | 0.183333 | 0.213893 | 0.232773 | 0.263333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.050000 | 0.080000 | 0.110000 | 0.140000 | 0.170000 | 0.200000 | 0.230000 |
| Camarilla | 0.123500 | 0.129000 | 0.134500 | 0.140000 | 0.145500 | 0.151000 | 0.156500 |
| Woodie | 0.050000 | 0.080000 | 0.110000 | 0.140000 | 0.170000 | 0.200000 | 0.230000 |
| Fibonacci | 0.080000 | 0.102920 | 0.117080 | 0.140000 | 0.162920 | 0.177080 | 0.200000 |
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): | 53.51 | |
| MACD (12,26,9): | 0.0079 | |
| Directional Movement: | 18.986785 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.169828 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.148243 | |
| Elder Ray (13): | -0.003561 | |
| Super Trend (3,10): | 0.138538 | |
| Zig ZAG (10): | 0.160000 | |
| VORTEX (21): | 1.0811 | |
| Stochastique (14,3,5): | 33.33 | |
| TEMA (21): | 0.172828 | |
| Williams %R (14): | -70.00 | |
| Chande Momentum Oscillator (20): | 0.020000 | |
| Repulse (5,40,3): | -11.5822 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.8308 | |
| Courbe Coppock: | 40.44 |
| MA7: | 0.171429 | |
| MA20: | 0.157000 | |
| MA50: | 0.142800 | |
| MA100: | 0.139900 | |
| MAexp7: | 0.166141 | |
| MAexp20: | 0.159382 | |
| MAexp50: | 0.151740 | |
| MAexp100: | 0.175080 | |
| Price / MA7: | -0.83% | |
| Price / MA20: | +8.28% | |
| Price / MA50: | +19.05% | |
| Price / MA100: | +21.52% | |
| Price / MAexp7: | +2.32% | |
| Price / MAexp20: | +6.66% | |
| Price / MAexp50: | +12.03% | |
| Price / MAexp100: | -2.90% |
Quotes :
-
Real time data
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