RAYDIUM - RAY/USD - 1H - Technical analysis published on 07/12/2022 (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 bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.729567 USD
My targets
0.696300 USD (-2.98%)
0.683350 USD (-4.79%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on RAYDIUM - RAY/USD as long as the price remains well below 0.729567 USD. The sellers' bearish objective is set at 0.696300 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.683350 USD. In case of crossing, the next objective would be the support located at 0.668300 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5
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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 RAYDIUM - RAY/USD rating is 0.717700 USD. The price registered a decrease of -0.03% on the session and was between 0.713000 USD and 0.734800 USD. This implies that the price is at +0.66% from its lowest and at -2.33% from its highest.0.713000
0.734800
0.717700
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of RAYDIUM - RAY/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.683350 | 0.696300 | 0.717000 | 0.717700 | 0.729567 | 0.764600 | 0.799300 |
| Change (%) | -4.79% | -2.98% | -0.10% | - | +1.65% | +6.53% | +11.37% |
| Change | -0.034350 | -0.021400 | -0.000700 | - | +0.011867 | +0.046900 | +0.081600 |
| Level | Minor | Minor | Major | - | Major | Intermediate | 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 | 0.647400 | 0.682100 | 0.700000 | 0.734700 | 0.752600 | 0.787300 | 0.805200 |
| Camarilla | 0.703435 | 0.708257 | 0.713078 | 0.717900 | 0.722722 | 0.727543 | 0.732365 |
| Woodie | 0.639000 | 0.677900 | 0.691600 | 0.730500 | 0.744200 | 0.783100 | 0.796800 |
| Fibonacci | 0.682100 | 0.702193 | 0.714607 | 0.734700 | 0.754793 | 0.767207 | 0.787300 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.514767 | 0.581733 | 0.692367 | 0.759333 | 0.869967 | 0.936933 | 1.047567 |
| Camarilla | 0.754160 | 0.770440 | 0.786720 | 0.803000 | 0.819280 | 0.835560 | 0.851840 |
| Woodie | 0.536600 | 0.592650 | 0.714200 | 0.770250 | 0.891800 | 0.947850 | 1.069400 |
| Fibonacci | 0.581733 | 0.649577 | 0.691490 | 0.759333 | 0.827177 | 0.869090 | 0.936933 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.051600 | 0.319900 | 0.487400 | 0.755700 | 0.923200 | 1.191500 | 1.359000 |
| Camarilla | 0.535055 | 0.575003 | 0.614952 | 0.654900 | 0.694848 | 0.734797 | 0.774745 |
| Woodie | 0.001200 | 0.294700 | 0.437000 | 0.730500 | 0.872800 | 1.166300 | 1.308600 |
| Fibonacci | 0.319900 | 0.486376 | 0.589224 | 0.755700 | 0.922176 | 1.025024 | 1.191500 |
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): | 34.79 | |
| MACD (12,26,9): | -0.0082 | |
| Directional Movement: | -16.260792 | |
| AROON (14): | -92.857143 | |
| DEMA (21): | 0.720163 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.738078 | |
| Elder Ray (13): | -0.008150 | |
| Super Trend (3,10): | 0.742276 | |
| Zig ZAG (10): | 0.719200 | |
| VORTEX (21): | 0.8647 | |
| Stochastique (14,3,5): | 18.80 | |
| TEMA (21): | 0.719743 | |
| Williams %R (14): | -84.60 | |
| Chande Momentum Oscillator (20): | -0.030100 | |
| Repulse (5,40,3): | -0.3292 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1530 | |
| Courbe Coppock: | 6.13 |
| MA7: | 0.745086 | |
| MA20: | 0.714830 | |
| MA50: | 0.784270 | |
| MA100: | 1.482572 | |
| MAexp7: | 0.723151 | |
| MAexp20: | 0.731226 | |
| MAexp50: | 0.744663 | |
| MAexp100: | 0.747551 | |
| Price / MA7: | -3.68% | |
| Price / MA20: | +0.40% | |
| Price / MA50: | -8.49% | |
| Price / MA100: | -51.59% | |
| Price / MAexp7: | -0.75% | |
| Price / MAexp20: | -1.85% | |
| Price / MAexp50: | -3.62% | |
| Price / MAexp100: | -3.99% |
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.
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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