REEF - REEF/USD - 1H - Technical analysis published on 08/28/2023 (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:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.001302 USD
My targets
0.001338 USD (+1.44%)
0.001430 USD (+8.42%)
My analysis
The bullish trend is currently very strong on REEF - REEF/USD. As long as the price remains above the support at 0.001302 USD, you could try to benefit from the boom. The first bullish objective is located at 0.001338 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.001430 USD as an objective. Crossing it would then enable buyers to target 0.001455 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
REEF - REEF/USD rating 0.001319 USD. The price registered a decrease of -0.08% on the session with the lowest point at 0.001287 USD and the highest point at 0.001334 USD. The deviation from the price is +2.49% for the low point and -1.12% for the high point.0.001287
0.001334
0.001319
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
Here is a more detailed summary of the historical variations registered by REEF - REEF/USD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of REEF - REEF/USD in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.001234 | 0.001263 | 0.001302 | 0.001319 | 0.001338 | 0.001430 | 0.001455 |
| Change (%) | -6.44% | -4.25% | -1.29% | - | +1.44% | +8.42% | +10.31% |
| Change | -0.000085 | -0.000056 | -0.000017 | - | +0.000019 | +0.000111 | +0.000136 |
| Level | Major | Minor | Minor | - | Intermediate | 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 | 0.001215 | 0.001238 | 0.001279 | 0.001302 | 0.001343 | 0.001366 | 0.001407 |
| Camarilla | 0.001302 | 0.001308 | 0.001314 | 0.001320 | 0.001326 | 0.001332 | 0.001338 |
| Woodie | 0.001224 | 0.001243 | 0.001288 | 0.001307 | 0.001352 | 0.001371 | 0.001416 |
| Fibonacci | 0.001238 | 0.001262 | 0.001278 | 0.001302 | 0.001326 | 0.001342 | 0.001366 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000981 | 0.001102 | 0.001187 | 0.001308 | 0.001393 | 0.001514 | 0.001599 |
| Camarilla | 0.001214 | 0.001233 | 0.001252 | 0.001271 | 0.001290 | 0.001309 | 0.001328 |
| Woodie | 0.000962 | 0.001093 | 0.001168 | 0.001299 | 0.001374 | 0.001505 | 0.001580 |
| Fibonacci | 0.001102 | 0.001181 | 0.001230 | 0.001308 | 0.001387 | 0.001436 | 0.001514 |
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): | 57.83 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 1.997964 | |
| AROON (14): | -35.714285 | |
| DEMA (21): | 0.001310 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.001320 | |
| Elder Ray (13): | 0.000003 | |
| Super Trend (3,10): | 0.001277 | |
| Zig ZAG (10): | 0.001315 | |
| VORTEX (21): | 1.0299 | |
| Stochastique (14,3,5): | 41.13 | |
| TEMA (21): | 0.001310 | |
| Williams %R (14): | -42.55 | |
| Chande Momentum Oscillator (20): | 0.000003 | |
| Repulse (5,40,3): | 1.2936 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0591 | |
| Courbe Coppock: | 0.78 |
| MA7: | 0.001295 | |
| MA20: | 0.001413 | |
| MA50: | 0.001538 | |
| MA100: | 0.001699 | |
| MAexp7: | 0.001308 | |
| MAexp20: | 0.001304 | |
| MAexp50: | 0.001297 | |
| MAexp100: | 0.001293 | |
| Price / MA7: | +1.85% | |
| Price / MA20: | -6.65% | |
| Price / MA50: | -14.24% | |
| Price / MA100: | -22.37% | |
| Price / MAexp7: | +0.84% | |
| Price / MAexp20: | +1.15% | |
| Price / MAexp50: | +1.70% | |
| Price / MAexp100: | +2.01% |
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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