RAYDIUM - RAY/USD - 1H - Technical analysis published on 09/12/2022 (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:
Slightly bullish
Technical indicators
17%
44%
39%
My opinion
Bearish under 0.679622 USD
My targets
0.648722 USD (-3.92%)
0.632000 USD (-6.40%)
My analysis
The strong short-term decline in RAYDIUM - RAY/USD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 0.679622 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 0.648722 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.632000 USD as an objective. Crossing it would then enable sellers to target 0.598000 USD. Be careful, a return to above 0.679622 USD could jeopardize the reversal.
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
1.3
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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 price is 0.675200 USD. On the day, this instrument lost -0.02% with the lowest point at 0.663000 USD and the highest point at 0.728000 USD. The deviation from the price is +1.84% for the low point and -7.25% for the high point.0.663000
0.728000
0.675200
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
Here is a more detailed summary of the historical variations registered by RAYDIUM - RAY/USD:
Technical
Technical analysis of this 1H chart of RAYDIUM - RAY/USD indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is low given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.598000 | 0.632000 | 0.648722 | 0.675200 | 0.679622 | 0.691000 | 2.279000 |
| Change (%) | -11.43% | -6.40% | -3.92% | - | +0.65% | +2.34% | +237.53% |
| Change | -0.077200 | -0.043200 | -0.026478 | - | +0.004422 | +0.015800 | +1.603800 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | 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 | 0.626800 | 0.645500 | 0.660400 | 0.679100 | 0.694000 | 0.712700 | 0.727600 |
| Camarilla | 0.666060 | 0.669140 | 0.672220 | 0.675300 | 0.678380 | 0.681460 | 0.684540 |
| Woodie | 0.624900 | 0.644550 | 0.658500 | 0.678150 | 0.692100 | 0.711750 | 0.725700 |
| Fibonacci | 0.645500 | 0.658335 | 0.666265 | 0.679100 | 0.691935 | 0.699865 | 0.712700 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.519567 | 0.555033 | 0.621767 | 0.657233 | 0.723967 | 0.759433 | 0.826167 |
| Camarilla | 0.660395 | 0.669763 | 0.679132 | 0.688500 | 0.697868 | 0.707237 | 0.716605 |
| Woodie | 0.535200 | 0.562850 | 0.637400 | 0.665050 | 0.739600 | 0.767250 | 0.841800 |
| Fibonacci | 0.555033 | 0.594074 | 0.618193 | 0.657233 | 0.696274 | 0.720393 | 0.759433 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.12 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -9.408394 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.683457 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.719582 | |
| Elder Ray (13): | -0.009885 | |
| Super Trend (3,10): | 0.704003 | |
| Zig ZAG (10): | 0.673400 | |
| VORTEX (21): | 1.0148 | |
| Stochastique (14,3,5): | 15.23 | |
| TEMA (21): | 0.680958 | |
| Williams %R (14): | -83.54 | |
| Chande Momentum Oscillator (20): | -0.007100 | |
| Repulse (5,40,3): | -0.3613 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0469 | |
| Courbe Coppock: | 1.75 |
| MA7: | 0.648986 | |
| MA20: | 0.661320 | |
| MA50: | 0.755022 | |
| MA100: | 0.761029 | |
| MAexp7: | 0.679482 | |
| MAexp20: | 0.683542 | |
| MAexp50: | 0.680460 | |
| MAexp100: | 0.671274 | |
| Price / MA7: | +4.04% | |
| Price / MA20: | +2.10% | |
| Price / MA50: | -10.57% | |
| Price / MA100: | -11.28% | |
| Price / MAexp7: | -0.63% | |
| Price / MAexp20: | -1.22% | |
| Price / MAexp50: | -0.77% | |
| Price / MAexp100: | +0.58% |
Quotes :
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Real time data
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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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