REEF - REEF/USD - 1H - Technical analysis published on 08/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Neutral between 0.001285 USD and 0.001340 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 0.001340 USD. The first support is located at 0.001285 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by REEF - REEF/USD.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The REEF - REEF/USD price is 0.001295 USD. On the day, this instrument gained +3.02% and was traded between 0.001256 USD and 0.001303 USD over the period. The price is currently at +3.11% from its lowest and -0.61% from its highest.0.001256
0.001303
0.001295
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of REEF - REEF/USD indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.001234 | 0.001285 | 0.001295 | 0.001340 | 0.001453 | 0.001533 |
| Change (%) | -4.71% | -0.77% | - | +3.47% | +12.20% | +18.38% |
| Change | -0.000061 | -0.000010 | - | +0.000045 | +0.000158 | +0.000238 |
| Level | Major | Intermediate | - | Intermediate | 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 | 0.001157 | 0.001196 | 0.001227 | 0.001266 | 0.001297 | 0.001336 | 0.001367 |
| Camarilla | 0.001238 | 0.001244 | 0.001251 | 0.001257 | 0.001263 | 0.001270 | 0.001276 |
| Woodie | 0.001152 | 0.001194 | 0.001222 | 0.001264 | 0.001292 | 0.001334 | 0.001362 |
| Fibonacci | 0.001196 | 0.001223 | 0.001240 | 0.001266 | 0.001293 | 0.001310 | 0.001336 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000579 | 0.000897 | 0.001111 | 0.001429 | 0.001643 | 0.001961 | 0.002175 |
| Camarilla | 0.001179 | 0.001228 | 0.001276 | 0.001325 | 0.001374 | 0.001423 | 0.001471 |
| Woodie | 0.000527 | 0.000871 | 0.001059 | 0.001403 | 0.001591 | 0.001935 | 0.002123 |
| Fibonacci | 0.000897 | 0.001100 | 0.001226 | 0.001429 | 0.001632 | 0.001758 | 0.001961 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000954 | 0.001212 | 0.001384 | 0.001642 | 0.001814 | 0.002072 | 0.002244 |
| Camarilla | 0.001437 | 0.001476 | 0.001516 | 0.001555 | 0.001594 | 0.001634 | 0.001673 |
| Woodie | 0.000910 | 0.001191 | 0.001340 | 0.001621 | 0.001770 | 0.002051 | 0.002200 |
| Fibonacci | 0.001212 | 0.001377 | 0.001478 | 0.001642 | 0.001807 | 0.001908 | 0.002072 |
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): | 54.81 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 1.992947 | |
| AROON (14): | 21.428572 | |
| DEMA (21): | 0.001267 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.001237 | |
| Elder Ray (13): | 0.000016 | |
| Super Trend (3,10): | 0.001306 | |
| Zig ZAG (10): | 0.001288 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 69.49 | |
| TEMA (21): | 0.001268 | |
| Williams %R (14): | -15.87 | |
| Chande Momentum Oscillator (20): | 0.000016 | |
| Repulse (5,40,3): | 2.2705 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0837 | |
| Courbe Coppock: | 3.07 |
| MA7: | 0.001285 | |
| MA20: | 0.001467 | |
| MA50: | 0.001580 | |
| MA100: | 0.001747 | |
| MAexp7: | 0.001274 | |
| MAexp20: | 0.001275 | |
| MAexp50: | 0.001286 | |
| MAexp100: | 0.001308 | |
| Price / MA7: | +0.78% | |
| Price / MA20: | -11.72% | |
| Price / MA50: | -18.04% | |
| Price / MA100: | -25.87% | |
| Price / MAexp7: | +1.65% | |
| Price / MAexp20: | +1.57% | |
| Price / MAexp50: | +0.70% | |
| Price / MAexp100: | -0.99% |
Quotes :
-
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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