RAYDIUM - RAY/USD - 1H - Technical analysis published on 09/01/2022 (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:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.678000 USD
My targets
0.648200 USD (-2.26%)
0.631690 USD (-4.75%)
My analysis
RAYDIUM - RAY/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.678000 USD. The next support located at 0.648200 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.631690 USD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.4
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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 0.663200 USD. The price registered a decrease of -0.02% on the session and was between 0.656900 USD and 0.667900 USD. This implies that the price is at +0.96% from its lowest and at -0.70% from its highest.0.656900
0.667900
0.663200
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of RAYDIUM - RAY/USD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami cross
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 | 0.631690 | 0.648200 | 0.659700 | 0.663200 | 0.678000 | 0.691400 | 0.719027 |
| Change (%) | -4.75% | -2.26% | -0.53% | - | +2.23% | +4.25% | +8.42% |
| Change | -0.031510 | -0.015000 | -0.003500 | - | +0.014800 | +0.028200 | +0.055827 |
| Level | Major | Minor | Minor | - | Minor | Minor | 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 | 0.583700 | 0.622100 | 0.642700 | 0.681100 | 0.701700 | 0.740100 | 0.760700 |
| Camarilla | 0.647075 | 0.652483 | 0.657892 | 0.663300 | 0.668708 | 0.674117 | 0.679525 |
| Woodie | 0.574800 | 0.617650 | 0.633800 | 0.676650 | 0.692800 | 0.735650 | 0.751800 |
| Fibonacci | 0.622100 | 0.644638 | 0.658562 | 0.681100 | 0.703638 | 0.717562 | 0.740100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.489967 | 0.560733 | 0.600567 | 0.671333 | 0.711167 | 0.781933 | 0.821767 |
| Camarilla | 0.609985 | 0.620123 | 0.630262 | 0.640400 | 0.650538 | 0.660677 | 0.670815 |
| Woodie | 0.474500 | 0.553000 | 0.585100 | 0.663600 | 0.695700 | 0.774200 | 0.806300 |
| Fibonacci | 0.560733 | 0.602983 | 0.629084 | 0.671333 | 0.713583 | 0.739684 | 0.781933 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.209767 | 0.417633 | 0.540467 | 0.748333 | 0.871167 | 1.079033 | 1.201867 |
| Camarilla | 0.572358 | 0.602672 | 0.632986 | 0.663300 | 0.693614 | 0.723928 | 0.754243 |
| Woodie | 0.167250 | 0.396375 | 0.497950 | 0.727075 | 0.828650 | 1.057775 | 1.159350 |
| Fibonacci | 0.417633 | 0.543961 | 0.622006 | 0.748333 | 0.874661 | 0.952706 | 1.079033 |
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): | 30.70 | |
| MACD (12,26,9): | -0.0104 | |
| Directional Movement: | -18.866780 | |
| AROON (14): | -71.428571 | |
| DEMA (21): | 0.663624 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.667500 | |
| Elder Ray (13): | -0.009041 | |
| Super Trend (3,10): | 0.684036 | |
| Zig ZAG (10): | 0.661700 | |
| VORTEX (21): | 0.7142 | |
| Stochastique (14,3,5): | 8.86 | |
| TEMA (21): | 0.654776 | |
| Williams %R (14): | -89.67 | |
| Chande Momentum Oscillator (20): | -0.019600 | |
| Repulse (5,40,3): | -0.9606 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1851 | |
| Courbe Coppock: | 9.89 |
| MA7: | 0.661257 | |
| MA20: | 0.727075 | |
| MA50: | 0.805860 | |
| MA100: | 0.792226 | |
| MAexp7: | 0.663758 | |
| MAexp20: | 0.677627 | |
| MAexp50: | 0.684105 | |
| MAexp100: | 0.680827 | |
| Price / MA7: | +0.29% | |
| Price / MA20: | -8.79% | |
| Price / MA50: | -17.70% | |
| Price / MA100: | -16.29% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -2.13% | |
| Price / MAexp50: | -3.06% | |
| Price / MAexp100: | -2.59% |
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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