RAYDIUM - RAY/USD - 1H - Technical analysis published on 08/03/2022 (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:
Neutral
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.853333 USD
My targets
0.794322 USD (-4.55%)
0.774569 USD (-6.93%)
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 RAYDIUM - RAY/USD. As long as you are under the resistance located at 0.853333 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.794322 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.774569 USD as an objective. Crossing it would then enable sellers to target 0.744000 USD. If the resistance 0.853333 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.8
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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 0.832200 USD. The price has increased by +3.65% since the last closing with the lowest point at 0.790200 USD and the highest point at 0.836400 USD. The deviation from the price is +5.32% for the low point and -0.50% for the high point.0.790200
0.836400
0.832200
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of RAYDIUM - RAY/USD in 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.744000 | 0.774569 | 0.794322 | 0.832200 | 0.853333 | 0.875900 | 0.898200 |
| Change (%) | -10.60% | -6.93% | -4.55% | - | +2.54% | +5.25% | +7.93% |
| Change | -0.088200 | -0.057631 | -0.037878 | - | +0.021133 | +0.043700 | +0.066000 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 0.709900 | 0.752100 | 0.777500 | 0.819700 | 0.845100 | 0.887300 | 0.912700 |
| Camarilla | 0.784310 | 0.790507 | 0.796703 | 0.802900 | 0.809097 | 0.815293 | 0.821490 |
| Woodie | 0.701500 | 0.747900 | 0.769100 | 0.815500 | 0.836700 | 0.883100 | 0.904300 |
| Fibonacci | 0.752100 | 0.777923 | 0.793877 | 0.819700 | 0.845523 | 0.861477 | 0.887300 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.597600 | 0.670800 | 0.765500 | 0.838700 | 0.933400 | 1.006600 | 1.101300 |
| Camarilla | 0.814028 | 0.829418 | 0.844809 | 0.860200 | 0.875591 | 0.890982 | 0.906373 |
| Woodie | 0.608350 | 0.676175 | 0.776250 | 0.844075 | 0.944150 | 1.011975 | 1.112050 |
| Fibonacci | 0.670800 | 0.734938 | 0.774562 | 0.838700 | 0.902838 | 0.942462 | 1.006600 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.300933 | 0.466667 | 0.662533 | 0.828267 | 1.024133 | 1.189867 | 1.385733 |
| Camarilla | 0.758960 | 0.792107 | 0.825253 | 0.858400 | 0.891547 | 0.924693 | 0.957840 |
| Woodie | 0.316000 | 0.474200 | 0.677600 | 0.835800 | 1.039200 | 1.197400 | 1.400800 |
| Fibonacci | 0.466667 | 0.604798 | 0.690136 | 0.828267 | 0.966398 | 1.051736 | 1.189867 |
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): | 36.02 | |
| MACD (12,26,9): | -0.0082 | |
| Directional Movement: | -15.382835 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.802561 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.834838 | |
| Elder Ray (13): | -0.017170 | |
| Super Trend (3,10): | 0.790283 | |
| Zig ZAG (10): | 0.792700 | |
| VORTEX (21): | 0.9466 | |
| Stochastique (14,3,5): | 14.84 | |
| TEMA (21): | 0.804929 | |
| Williams %R (14): | -81.36 | |
| Chande Momentum Oscillator (20): | -0.003500 | |
| Repulse (5,40,3): | -1.9932 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1338 | |
| Courbe Coppock: | 0.98 |
| MA7: | 0.845829 | |
| MA20: | 0.856595 | |
| MA50: | 0.769996 | |
| MA100: | 1.050244 | |
| MAexp7: | 0.809359 | |
| MAexp20: | 0.813851 | |
| MAexp50: | 0.831208 | |
| MAexp100: | 0.843802 | |
| Price / MA7: | -1.61% | |
| Price / MA20: | -2.85% | |
| Price / MA50: | +8.08% | |
| Price / MA100: | -20.76% | |
| Price / MAexp7: | +2.82% | |
| Price / MAexp20: | +2.25% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | -1.37% |
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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