RARIBLE - RARI/USD - 1H - Technical analysis published on 11/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 1.47 USD
My targets
1.58 USD (+3.07%)
1.65 USD (+7.84%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on RARIBLE - RARI/USD. As long as you are above the support located at 1.47 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.58 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.65 USD as an objective. Crossing it would then enable buyers to target 1.75 USD. If the support 1.47 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more 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
3.6
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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 RARIBLE - RARI/USD rating is 1.53 USD. On the day, this instrument lost -0.65% and was traded between 1.50 USD and 1.58 USD over the period. The price is currently at +2.00% from its lowest and -3.16% from its highest.1.50
1.58
1.53
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this RARIBLE - RARI/USD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.40 | 1.47 | 1.53 | 1.53 | 1.65 | 1.75 | 1.82 |
| Change (%) | -8.50% | -3.92% | 0% | - | +7.84% | +14.38% | +18.95% |
| Change | -0.13 | -0.06 | 0 | - | +0.12 | +0.22 | +0.29 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.30 | 1.35 | 1.45 | 1.50 | 1.60 | 1.65 | 1.75 |
| Camarilla | 1.50 | 1.51 | 1.53 | 1.54 | 1.55 | 1.57 | 1.58 |
| Woodie | 1.32 | 1.36 | 1.47 | 1.51 | 1.62 | 1.66 | 1.77 |
| Fibonacci | 1.35 | 1.41 | 1.45 | 1.50 | 1.56 | 1.60 | 1.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.92 | 1.17 | 1.33 | 1.58 | 1.74 | 1.99 | 2.15 |
| Camarilla | 1.39 | 1.43 | 1.46 | 1.50 | 1.54 | 1.58 | 1.61 |
| Woodie | 0.89 | 1.15 | 1.30 | 1.56 | 1.71 | 1.97 | 2.12 |
| Fibonacci | 1.17 | 1.32 | 1.42 | 1.58 | 1.73 | 1.83 | 1.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.69 | 1.09 | 1.31 | 1.71 | 1.93 | 2.33 | 2.55 |
| Camarilla | 1.35 | 1.41 | 1.46 | 1.52 | 1.58 | 1.63 | 1.69 |
| Woodie | 0.59 | 1.05 | 1.21 | 1.67 | 1.83 | 2.29 | 2.45 |
| Fibonacci | 1.09 | 1.33 | 1.48 | 1.71 | 1.95 | 2.10 | 2.33 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.19 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 7.91 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 1.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.50 | |
| Elder Ray (13): | -0 | |
| Super Trend (3,10): | 1.49 | |
| Zig ZAG (10): | 1.53 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 55.41 | |
| TEMA (21): | 1.53 | |
| Williams %R (14): | -50.17 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | -1.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.71 |
| MA7: | 1.48 | |
| MA20: | 1.66 | |
| MA50: | 1.80 | |
| MA100: | 1.73 | |
| MAexp7: | 1.53 | |
| MAexp20: | 1.53 | |
| MAexp50: | 1.51 | |
| MAexp100: | 1.51 | |
| Price / MA7: | +3.38% | |
| Price / MA20: | -7.83% | |
| Price / MA50: | -15.00% | |
| Price / MA100: | -11.56% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +1.32% | |
| Price / MAexp100: | +1.32% |
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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