RALLY - RLY/USD - 1H - Technical analysis published on 02/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 0.013567 USD
My targets
0.012000 USD (-3.92%)
0.011643 USD (-6.78%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on RALLY - RLY/USD. As long as you are under the resistance located at 0.013567 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.012000 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.011643 USD as an objective. Crossing it would then enable sellers to target 0.007517 USD. If the resistance 0.013567 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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Additional analysis
Quotes
The RALLY - RLY/USD rating is 0.012490 USD. The price registered a decrease of -0.16% on the session and was traded between 0.012200 USD and 0.012710 USD over the period. The price is currently at +2.38% from its lowest and -1.73% from its highest.0.012200
0.012710
0.012490
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:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of RALLY - RLY/USD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.007517 | 0.012000 | 0.012490 | 0.014100 | 0.015700 | 0.018580 |
| Change (%) | -39.82% | -3.92% | - | +12.89% | +25.70% | +48.76% |
| Change | -0.004973 | -0.000490 | - | +0.001610 | +0.003210 | +0.006090 |
| Level | Minor | Major | - | Minor | Intermediate | 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 | 0.011290 | 0.011650 | 0.012080 | 0.012440 | 0.012870 | 0.013230 | 0.013660 |
| Camarilla | 0.012293 | 0.012365 | 0.012438 | 0.012510 | 0.012582 | 0.012655 | 0.012727 |
| Woodie | 0.011325 | 0.011668 | 0.012115 | 0.012458 | 0.012905 | 0.013248 | 0.013695 |
| Fibonacci | 0.011650 | 0.011952 | 0.012138 | 0.012440 | 0.012742 | 0.012928 | 0.013230 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007763 | 0.009687 | 0.011643 | 0.013567 | 0.015523 | 0.017447 | 0.019403 |
| Camarilla | 0.012533 | 0.012889 | 0.013244 | 0.013600 | 0.013956 | 0.014311 | 0.014667 |
| Woodie | 0.007780 | 0.009695 | 0.011660 | 0.013575 | 0.015540 | 0.017455 | 0.019420 |
| Fibonacci | 0.009687 | 0.011169 | 0.012085 | 0.013567 | 0.015049 | 0.015965 | 0.017447 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.003205 | 0.002048 | 0.008074 | 0.013327 | 0.019353 | 0.024606 | 0.030632 |
| Camarilla | 0.010998 | 0.012032 | 0.013066 | 0.014100 | 0.015134 | 0.016168 | 0.017202 |
| Woodie | -0.002819 | 0.002241 | 0.008461 | 0.013520 | 0.019740 | 0.024799 | 0.031019 |
| Fibonacci | 0.002048 | 0.006357 | 0.009018 | 0.013327 | 0.017636 | 0.020297 | 0.024606 |
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): | 43.45 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -6.447749 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.012376 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.012846 | |
| Elder Ray (13): | -0.000072 | |
| Super Trend (3,10): | 0.013043 | |
| Zig ZAG (10): | 0.012400 | |
| VORTEX (21): | 0.9784 | |
| Stochastique (14,3,5): | 26.14 | |
| TEMA (21): | 0.012378 | |
| Williams %R (14): | -80.39 | |
| Chande Momentum Oscillator (20): | -0.000300 | |
| Repulse (5,40,3): | -2.0375 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0606 | |
| Courbe Coppock: | 1.33 |
| MA7: | 0.013531 | |
| MA20: | 0.012760 | |
| MA50: | 0.010176 | |
| MA100: | 0.010770 | |
| MAexp7: | 0.012377 | |
| MAexp20: | 0.012458 | |
| MAexp50: | 0.012655 | |
| MAexp100: | 0.013052 | |
| Price / MA7: | -7.69% | |
| Price / MA20: | -2.12% | |
| Price / MA50: | +22.74% | |
| Price / MA100: | +15.97% | |
| Price / MAexp7: | +0.91% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | -1.30% | |
| Price / MAexp100: | -4.31% |
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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