RAYDIUM - RAY/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	RAYUSD
ISIN:

RAYDIUM - RAY/USD - Daily - Technical analysis published on 07/21/2022 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bearish

Technical indicators

44%

11%

44%

My opinion

Bearish under 0.883267 USD

My targets

0.735733 USD (-14.28%)

0.661719 USD (-22.90%)

My analysis

In a bearish trend, the price of RAYDIUM - RAY/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.883267 USD. A bearish break in the support located at 0.735733 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.661719 USD. PS: if there is a bullish break in the resistance located at 0.883267 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

RAYDIUM - RAY/USD rating 0.858300 USD. The price registered a decrease of -0.02% on the session and was traded between 0.829200 USD and 0.871600 USD over the period. The price is currently at +3.51% from its lowest and -1.53% from its highest.

0.829200

0.871600

0.858300

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

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:

Abnormal volumes on RAYDIUM - RAY/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of RAYDIUM - RAY/USD in Daily shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.661719	0.858300	2.281670	3.656400	4.176000
Change (%)	-22.90%	-	+165.84%	+326.00%	+386.54%
Change	-0.196581	-	+1.423370	+2.798100	+3.317700
Level	Major	-	Minor	Major	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	0.722067	0.787233	0.822867	0.888033	0.923667	0.988833	1.024467
Camarilla	0.830780	0.840020	0.849260	0.858500	0.867740	0.876980	0.886220
Woodie	0.707300	0.779850	0.808100	0.880650	0.908900	0.981450	1.009700
Fibonacci	0.787233	0.825739	0.849528	0.888033	0.926539	0.950328	0.988833

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.458667	0.568433	0.774467	0.884233	1.090267	1.200033	1.406067
Camarilla	0.893655	0.922603	0.951552	0.980500	1.009448	1.038397	1.067345
Woodie	0.506800	0.592500	0.822600	0.908300	1.138400	1.224100	1.454200
Fibonacci	0.568433	0.689069	0.763598	0.884233	1.004869	1.079398	1.200033

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.131467	0.359833	0.507367	0.735733	0.883267	1.111633	1.259167
Camarilla	0.551528	0.585985	0.620443	0.654900	0.689358	0.723815	0.758273
Woodie	0.091050	0.339625	0.466950	0.715525	0.842850	1.091425	1.218750
Fibonacci	0.359833	0.503427	0.592140	0.735733	0.879327	0.968040	1.111633

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):	53.39
MACD (12,26,9):	0.0334
Directional Movement:	10.064325
AROON (14):	21.428571
DEMA (21):	0.850019
Parabolic SAR (0,02-0,02-0,2):	0.817817
Elder Ray (13):	0.009978
Super Trend (3,10):	0.718479
Zig ZAG (10):	0.846000
VORTEX (21):	1.1500
Stochastique (14,3,5):	62.03
TEMA (21):	0.923340
Williams %R (14):	-45.57
Chande Momentum Oscillator (20):	0.047100
Repulse (5,40,3):	-7.4342
ROCnROLL:	-1
TRIX (15,9):	0.4448
Courbe Coppock:	45.34

MA7:	0.896443
MA20:	0.790385
MA50:	0.769690
MA100:	1.290094
MAexp7:	0.869029
MAexp20:	0.817190
MAexp50:	0.902548
MAexp100:	1.386393
Price / MA7:	-4.25%
Price / MA20:	+8.59%
Price / MA50:	+11.51%
Price / MA100:	-33.47%
Price / MAexp7:	-1.23%
Price / MAexp20:	+5.03%
Price / MAexp50:	-4.90%
Price / MAexp100:	-38.09%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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