RARI GOVERNANCE TOKEN - RGT/USD - 1H - Technical analysis published on 09/29/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 3.20 USD
My targets
3.08 USD (-0.23%)
2.92 USD (-5.50%)
My analysis
In a bearish trend, the price of RARI GOVERNANCE TOKEN - RGT/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 3.20 USD. A bearish break in the support located at 3.08 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 2.92 USD. PS: if there is a bullish break in the resistance located at 3.20 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 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
2.9
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This analysis was given by Londinia.
Additional analysis
Quotes
RARI GOVERNANCE TOKEN - RGT/USD rating 3.09 USD. The price registered an increase of +4.04% on the session and was between 2.94 USD and 3.17 USD. This implies that the price is at +5.10% from its lowest and at -2.52% from its highest.2.94
3.17
3.09
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 this 1H chart of RARI GOVERNANCE TOKEN - RGT/USD indicates that the overall trend is bearish. 71.43% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.92 | 3.08 | 3.09 | 3.20 | 3.37 | 4.04 |
| Change (%) | -5.50% | -0.32% | - | +3.56% | +9.06% | +30.74% |
| Change | -0.17 | -0.01 | - | +0.11 | +0.28 | +0.95 |
| Level | Intermediate | Major | - | Intermediate | Minor | 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 | 2.64 | 2.78 | 2.87 | 3.01 | 3.10 | 3.24 | 3.33 |
| Camarilla | 2.91 | 2.93 | 2.95 | 2.97 | 2.99 | 3.01 | 3.03 |
| Woodie | 2.63 | 2.77 | 2.86 | 3.00 | 3.09 | 3.23 | 3.32 |
| Fibonacci | 2.78 | 2.87 | 2.92 | 3.01 | 3.10 | 3.15 | 3.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.11 | 2.09 | 2.60 | 3.58 | 4.09 | 5.07 | 5.58 |
| Camarilla | 2.71 | 2.85 | 2.98 | 3.12 | 3.26 | 3.39 | 3.53 |
| Woodie | 0.89 | 1.97 | 2.38 | 3.46 | 3.87 | 4.95 | 5.36 |
| Fibonacci | 2.09 | 2.66 | 3.01 | 3.58 | 4.15 | 4.50 | 5.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.16 | 1.64 | 3.08 | 5.88 | 7.32 | 10.12 | 11.56 |
| Camarilla | 3.36 | 3.75 | 4.14 | 4.53 | 4.92 | 5.31 | 5.70 |
| Woodie | -1.83 | 1.30 | 2.41 | 5.54 | 6.65 | 9.78 | 10.89 |
| Fibonacci | 1.64 | 3.26 | 4.26 | 5.88 | 7.50 | 8.50 | 10.12 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.53 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -13.74 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 2.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.05 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 3.08 | |
| Zig ZAG (10): | 2.96 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 26.98 | |
| TEMA (21): | 2.95 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | -0.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 4.01 |
| MA7: | 3.09 | |
| MA20: | 3.43 | |
| MA50: | 4.41 | |
| MA100: | 4.77 | |
| MAexp7: | 2.96 | |
| MAexp20: | 3.00 | |
| MAexp50: | 3.05 | |
| MAexp100: | 3.10 | |
| Price / MA7: | -0% | |
| Price / MA20: | -9.91% | |
| Price / MA50: | -29.93% | |
| Price / MA100: | -35.22% | |
| Price / MAexp7: | +4.39% | |
| Price / MAexp20: | +3.00% | |
| Price / MAexp50: | +1.31% | |
| Price / MAexp100: | -0.32% |
Quotes :
-
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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