REEF - REEF/USD - 1H - Technical analysis published on 08/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.001337 USD
My targets
0.001381 USD (+1.17%)
0.001453 USD (+6.45%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on REEF - REEF/USD as long as the price remains well above 0.001337 USD. The buyers' bullish objective is set at 0.001381 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.001453 USD. If there is any crossing, the next objective would be the resistance located at 0.001496 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
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 REEF - REEF/USD price is 0.001365 USD. The price registered an increase of +4.12% on the session with the lowest point at 0.001299 USD and the highest point at 0.001381 USD. The deviation from the price is +5.08% for the low point and -1.16% for the high point.0.001299
0.001381
0.001365
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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
Technical
A technical analysis in 1H of this REEF - REEF/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.001263 | 0.001287 | 0.001337 | 0.001365 | 0.001381 | 0.001453 | 0.001496 |
| Change (%) | -7.47% | -5.71% | -2.05% | - | +1.17% | +6.45% | +9.60% |
| Change | -0.000102 | -0.000078 | -0.000028 | - | +0.000016 | +0.000088 | +0.000131 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | 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 | 0.001247 | 0.001268 | 0.001289 | 0.001310 | 0.001331 | 0.001352 | 0.001373 |
| Camarilla | 0.001300 | 0.001303 | 0.001307 | 0.001311 | 0.001315 | 0.001319 | 0.001323 |
| Woodie | 0.001248 | 0.001268 | 0.001290 | 0.001310 | 0.001332 | 0.001352 | 0.001374 |
| Fibonacci | 0.001268 | 0.001284 | 0.001294 | 0.001310 | 0.001326 | 0.001336 | 0.001352 |
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): | 72.67 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 25.551559 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.001319 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.001290 | |
| Elder Ray (13): | 0.000035 | |
| Super Trend (3,10): | 0.001295 | |
| Zig ZAG (10): | 0.001365 | |
| VORTEX (21): | 1.0499 | |
| Stochastique (14,3,5): | 86.95 | |
| TEMA (21): | 0.001324 | |
| Williams %R (14): | -2.33 | |
| Chande Momentum Oscillator (20): | 0.000057 | |
| Repulse (5,40,3): | 6.3092 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0091 | |
| Courbe Coppock: | 1.32 |
| MA7: | 0.001310 | |
| MA20: | 0.001457 | |
| MA50: | 0.001564 | |
| MA100: | 0.001728 | |
| MAexp7: | 0.001326 | |
| MAexp20: | 0.001314 | |
| MAexp50: | 0.001308 | |
| MAexp100: | 0.001311 | |
| Price / MA7: | +4.20% | |
| Price / MA20: | -6.31% | |
| Price / MA50: | -12.72% | |
| Price / MA100: | -21.01% | |
| Price / MAexp7: | +2.94% | |
| Price / MAexp20: | +3.88% | |
| Price / MAexp50: | +4.36% | |
| Price / MAexp100: | +4.12% |
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.
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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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