REEF - REEF/USD - 1H - Technical analysis published on 01/08/2024 (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 bearish
Underlying:
Strongly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 0.001644 USD
My targets
0.001365 USD (-8.08%)
0.001232 USD (-17.04%)
My analysis
The bearish trend is currently very strong for REEF - REEF/USD. As long as the price remains below the resistance at 0.001644 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.001365 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.001232 USD as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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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 0.001485 USD. The price is lower by -0.13% since the last closing and was between 0.001369 USD and 0.001582 USD. This implies that the price is at +8.47% from its lowest and at -6.13% from its highest.0.001369
0.001582
0.001485
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 (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on REEF - REEF/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this REEF - REEF/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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 : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.001232 | 0.001365 | 0.001485 | 0.001644 | 0.001792 | 0.001938 |
| Change (%) | -17.04% | -8.08% | - | +10.71% | +20.67% | +30.51% |
| Change | -0.000253 | -0.000120 | - | +0.000159 | +0.000307 | +0.000453 |
| Level | Intermediate | Major | - | Intermediate | Intermediate | Major |
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 | 0.001152 | 0.001310 | 0.001398 | 0.001556 | 0.001644 | 0.001802 | 0.001890 |
| Camarilla | 0.001419 | 0.001442 | 0.001465 | 0.001487 | 0.001510 | 0.001532 | 0.001555 |
| Woodie | 0.001118 | 0.001293 | 0.001364 | 0.001539 | 0.001610 | 0.001785 | 0.001856 |
| Fibonacci | 0.001310 | 0.001404 | 0.001462 | 0.001556 | 0.001650 | 0.001708 | 0.001802 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000124 | 0.000713 | 0.001162 | 0.001751 | 0.002200 | 0.002789 | 0.003238 |
| Camarilla | 0.001325 | 0.001420 | 0.001515 | 0.001610 | 0.001705 | 0.001800 | 0.001896 |
| Woodie | 0.000053 | 0.000678 | 0.001091 | 0.001716 | 0.002129 | 0.002754 | 0.003167 |
| Fibonacci | 0.000713 | 0.001110 | 0.001355 | 0.001751 | 0.002148 | 0.002393 | 0.002789 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000953 | 0.001348 | 0.001758 | 0.002153 | 0.002563 | 0.002958 | 0.003368 |
| Camarilla | 0.001947 | 0.002020 | 0.002094 | 0.002168 | 0.002242 | 0.002316 | 0.002389 |
| Woodie | 0.000961 | 0.001352 | 0.001766 | 0.002157 | 0.002571 | 0.002962 | 0.003376 |
| Fibonacci | 0.001348 | 0.001656 | 0.001846 | 0.002153 | 0.002461 | 0.002651 | 0.002958 |
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): | 40.83 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 7.984353 | |
| AROON (14): | 21.428572 | |
| DEMA (21): | 0.001450 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.001373 | |
| Elder Ray (13): | 0.000003 | |
| Super Trend (3,10): | 0.001522 | |
| Zig ZAG (10): | 0.001472 | |
| VORTEX (21): | 0.8771 | |
| Stochastique (14,3,5): | 45.67 | |
| TEMA (21): | 0.001432 | |
| Williams %R (14): | -52.11 | |
| Chande Momentum Oscillator (20): | -0.000092 | |
| Repulse (5,40,3): | -2.2662 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3403 | |
| Courbe Coppock: | 15.56 |
| MA7: | 0.001732 | |
| MA20: | 0.002076 | |
| MA50: | 0.001955 | |
| MA100: | 0.001707 | |
| MAexp7: | 0.001462 | |
| MAexp20: | 0.001501 | |
| MAexp50: | 0.001563 | |
| MAexp100: | 0.001666 | |
| Price / MA7: | -14.26% | |
| Price / MA20: | -28.47% | |
| Price / MA50: | -24.04% | |
| Price / MA100: | -13.01% | |
| Price / MAexp7: | +1.57% | |
| Price / MAexp20: | -1.07% | |
| Price / MAexp50: | -4.99% | |
| Price / MAexp100: | -10.86% |
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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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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