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RADWORKS - RAD/USD
RADWORKS - RAD/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: RADUSD
ISIN:

RADWORKS - RAD/USD - 1H - Technical analysis published on 05/26/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.94 USD
My targets
2.05 USD (+4.59%)
2.13 USD (+8.67%)
My analysis
RADICLE - RAD/USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 1.94 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 2.05 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 2.13 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 2.17 USD. Beware of a possible return to under the support located at 1.94 USD which would be the sign of a correction of the bullish excesses registered in the short term.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.2

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Daily Weekly

Additional analysis

Quotes

The RADICLE - RAD/USD price is 1.96 USD. On the day, this instrument gained +4.81% and was traded between 1.87 USD and 1.97 USD over the period. The price is currently at +4.81% from its lowest and -0.51% from its highest.

1.87
1.97
1.96

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes on RADICLE - RAD/USD were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 1H chart of RADICLE - RAD/USD indicates that the overall trend is slightly bullish. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.76 1.84 1.94 1.96 2.05 2.13 2.17
Change (%) -10.20% -6.12% -1.02% - +4.59% +8.67% +10.71%
Change -0.20 -0.12 -0.02 - +0.09 +0.17 +0.21
Level Major Minor Minor - 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
Standard1.641.691.781.831.921.972.06
Camarilla1.831.841.861.871.881.901.91
Woodie1.661.701.801.841.941.982.08
Fibonacci1.691.741.781.831.881.921.97


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.561.791.932.162.302.532.67
Camarilla1.961.992.032.062.092.132.16
Woodie1.511.771.882.142.252.512.62
Fibonacci1.791.942.022.162.312.392.53


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.791.211.732.152.673.093.61
Camarilla1.982.072.152.242.332.412.50
Woodie0.831.241.772.182.713.123.65
Fibonacci1.211.571.792.152.512.733.09

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): 69.36
MACD (12,26,9): 0.0200
Directional Movement: 27.02
AROON (14): 100.00
DEMA (21): 1.86
Parabolic SAR (0,02-0,02-0,2): 1.82
Elder Ray (13): 0.07
Super Trend (3,10): 1.82
Zig ZAG (10): 1.92
VORTEX (21): 1.1700
Stochastique (14,3,5): 97.76
TEMA (21): 1.90
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 0.20
Repulse (5,40,3): 5.9100
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 11.19
MA7: 1.95
MA20: 2.19
MA50: 2.19
MA100: 2.04
MAexp7: 1.88
MAexp20: 1.84
MAexp50: 1.85
MAexp100: 1.91
Price / MA7: +0.51%
Price / MA20: -10.50%
Price / MA50: -10.50%
Price / MA100: -3.92%
Price / MAexp7: +4.26%
Price / MAexp20: +6.52%
Price / MAexp50: +5.95%
Price / MAexp100: +2.62%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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