REEF - REEF/USD - 1H - Technical analysis published on 09/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.001302 USD
My targets
0.001398 USD (+4.02%)
0.001423 USD (+5.88%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on REEF - REEF/USD. This is a positive signal for buyers. As long as the price remains above 0.001302 USD, a purchase could be considered. The first bullish objective is located at 0.001398 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.001423 USD as an objective. Crossing it would then enable buyers to target 0.001455 USD. In the event of a return below 0.001302 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
7.3
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Additional analysis
Quotes
The REEF - REEF/USD price is 0.001344 USD. On the day, this instrument gained +4.84% and was between 0.001269 USD and 0.001347 USD. This implies that the price is at +5.91% from its lowest and at -0.22% from its highest.0.001269
0.001347
0.001344
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
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this REEF - REEF/USD chart shows a bullish trend. The signals returned by the moving averages are 78.57% bullish. This 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.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
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 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.001254 | 0.001275 | 0.001302 | 0.001344 | 0.001350 | 0.001398 | 0.001423 |
| Change (%) | -6.70% | -5.13% | -3.13% | - | +0.45% | +4.02% | +5.88% |
| Change | -0.000090 | -0.000069 | -0.000042 | - | +0.000006 | +0.000054 | +0.000079 |
| Level | Minor | Intermediate | Major | - | Minor | 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 | 0.001189 | 0.001221 | 0.001252 | 0.001284 | 0.001315 | 0.001347 | 0.001378 |
| Camarilla | 0.001265 | 0.001271 | 0.001276 | 0.001282 | 0.001288 | 0.001294 | 0.001299 |
| Woodie | 0.001188 | 0.001221 | 0.001251 | 0.001284 | 0.001314 | 0.001347 | 0.001377 |
| Fibonacci | 0.001221 | 0.001245 | 0.001260 | 0.001284 | 0.001308 | 0.001323 | 0.001347 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001069 | 0.001185 | 0.001262 | 0.001378 | 0.001455 | 0.001571 | 0.001648 |
| Camarilla | 0.001285 | 0.001303 | 0.001320 | 0.001338 | 0.001356 | 0.001373 | 0.001391 |
| Woodie | 0.001049 | 0.001175 | 0.001242 | 0.001368 | 0.001435 | 0.001561 | 0.001628 |
| Fibonacci | 0.001185 | 0.001259 | 0.001305 | 0.001378 | 0.001452 | 0.001498 | 0.001571 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000543 | 0.000879 | 0.001124 | 0.001460 | 0.001705 | 0.002041 | 0.002286 |
| Camarilla | 0.001209 | 0.001263 | 0.001316 | 0.001369 | 0.001422 | 0.001476 | 0.001529 |
| Woodie | 0.000498 | 0.000856 | 0.001079 | 0.001437 | 0.001660 | 0.002018 | 0.002241 |
| Fibonacci | 0.000879 | 0.001101 | 0.001238 | 0.001460 | 0.001682 | 0.001819 | 0.002041 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.80 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 10.577892 | |
| AROON (14): | 64.285715 | |
| DEMA (21): | 0.001324 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.001297 | |
| Elder Ray (13): | 0.000021 | |
| Super Trend (3,10): | 0.001296 | |
| Zig ZAG (10): | 0.001341 | |
| VORTEX (21): | 1.1306 | |
| Stochastique (14,3,5): | 97.65 | |
| TEMA (21): | 0.001337 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.000073 | |
| Repulse (5,40,3): | 2.0140 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0612 | |
| Courbe Coppock: | 6.75 |
| MA7: | 0.001319 | |
| MA20: | 0.001375 | |
| MA50: | 0.001416 | |
| MA100: | 0.001547 | |
| MAexp7: | 0.001329 | |
| MAexp20: | 0.001309 | |
| MAexp50: | 0.001306 | |
| MAexp100: | 0.001318 | |
| Price / MA7: | +1.90% | |
| Price / MA20: | -2.25% | |
| Price / MA50: | -5.08% | |
| Price / MA100: | -13.12% | |
| Price / MAexp7: | +1.13% | |
| Price / MAexp20: | +2.67% | |
| Price / MAexp50: | +2.91% | |
| Price / MAexp100: | +1.97% |
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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