RAYDIUM - RAY/USD - 1H - Technical analysis published on 11/03/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 0.500323 USD
My targets
0.477800 USD (-1.89%)
My analysis
The bearish trend is currently very strong for RAYDIUM - RAY/USD. As long as the price remains below the resistance at 0.500323 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.477800 USD. The bearish momentum would be revived by a break in this support. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.3
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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 0.487000 USD. The price is lower by -0.02% since the last closing with the lowest point at 0.482800 USD and the highest point at 0.515000 USD. The deviation from the price is +0.87% for the low point and -5.44% for the high point.0.482800
0.515000
0.487000
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 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of RAYDIUM - RAY/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.477800 | 0.487000 | 0.500323 | 0.523756 | 0.537167 |
| Change (%) | -1.89% | - | +2.74% | +7.55% | +10.30% |
| Change | -0.009200 | - | +0.013323 | +0.036756 | +0.050167 |
| Level | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 0.437067 | 0.457433 | 0.472267 | 0.492633 | 0.507467 | 0.527833 | 0.542667 |
| Camarilla | 0.477420 | 0.480647 | 0.483873 | 0.487100 | 0.490327 | 0.493553 | 0.496780 |
| Woodie | 0.434300 | 0.456050 | 0.469500 | 0.491250 | 0.504700 | 0.526450 | 0.539900 |
| Fibonacci | 0.457433 | 0.470880 | 0.479187 | 0.492633 | 0.506080 | 0.514387 | 0.527833 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.421967 | 0.449733 | 0.490367 | 0.518133 | 0.558767 | 0.586533 | 0.627167 |
| Camarilla | 0.512190 | 0.518460 | 0.524730 | 0.531000 | 0.537270 | 0.543540 | 0.549810 |
| Woodie | 0.428400 | 0.452950 | 0.496800 | 0.521350 | 0.565200 | 0.589750 | 0.633600 |
| Fibonacci | 0.449733 | 0.475862 | 0.492005 | 0.518133 | 0.544262 | 0.560405 | 0.586533 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.320967 | 0.392033 | 0.456367 | 0.527433 | 0.591767 | 0.662833 | 0.727167 |
| Camarilla | 0.483465 | 0.495877 | 0.508288 | 0.520700 | 0.533112 | 0.545523 | 0.557935 |
| Woodie | 0.317600 | 0.390350 | 0.453000 | 0.525750 | 0.588400 | 0.661150 | 0.723800 |
| Fibonacci | 0.392033 | 0.443756 | 0.475711 | 0.527433 | 0.579156 | 0.611111 | 0.662833 |
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): | 38.73 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -5.562737 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.496593 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.513211 | |
| Elder Ray (13): | -0.009260 | |
| Super Trend (3,10): | 0.510295 | |
| Zig ZAG (10): | 0.489600 | |
| VORTEX (21): | 1.0012 | |
| Stochastique (14,3,5): | 22.23 | |
| TEMA (21): | 0.498283 | |
| Williams %R (14): | -77.64 | |
| Chande Momentum Oscillator (20): | -0.008300 | |
| Repulse (5,40,3): | -1.6166 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0039 | |
| Courbe Coppock: | 3.54 |
| MA7: | 0.512243 | |
| MA20: | 0.499560 | |
| MA50: | 0.534560 | |
| MA100: | 0.641499 | |
| MAexp7: | 0.495880 | |
| MAexp20: | 0.498038 | |
| MAexp50: | 0.502502 | |
| MAexp100: | 0.508429 | |
| Price / MA7: | -4.93% | |
| Price / MA20: | -2.51% | |
| Price / MA50: | -8.90% | |
| Price / MA100: | -24.08% | |
| Price / MAexp7: | -1.79% | |
| Price / MAexp20: | -2.22% | |
| Price / MAexp50: | -3.08% | |
| Price / MAexp100: | -4.21% |
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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