MOONRIVER - MOVR/USD - Daily - Technical analysis published on 11/24/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 9.39 USD
My targets
7.90 USD (-2.31%)
6.69 USD (-17.34%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MOONRIVER - MOVR/USD as long as the price remains well below 9.39 USD. The sellers' bearish objective is set at 7.90 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.69 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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Additional analysis
Quotes
MOONRIVER - MOVR/USD rating 8.09 USD. The price is lower by -1.82% since the last closing and was traded between 8.09 USD and 8.28 USD over the period. The price is currently at 0% from its lowest and -2.29% from its highest.8.09
8.28
8.09
Here is a more detailed summary of the historical variations registered by MOONRIVER - MOVR/USD:
Technical
Technical analysis of this Daily chart of MOONRIVER - MOVR/USD indicates that the overall trend is strongly bearish. 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 scanner does not detect any result on moving averages that would impact this trend.
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.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
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 | 8.00 | 8.09 | 12.07 | 19.47 | 24.86 |
| Change (%) | -1.11% | - | +49.20% | +140.67% | +207.29% |
| Change | -0.09 | - | +3.98 | +11.38 | +16.77 |
| Level | Minor | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.18 | 7.46 | 7.85 | 8.13 | 8.52 | 8.80 | 9.19 |
| Camarilla | 8.06 | 8.12 | 8.18 | 8.24 | 8.30 | 8.36 | 8.42 |
| Woodie | 7.24 | 7.49 | 7.91 | 8.16 | 8.58 | 8.83 | 9.25 |
| Fibonacci | 7.46 | 7.72 | 7.87 | 8.13 | 8.39 | 8.54 | 8.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.17 | 6.82 | 7.63 | 8.28 | 9.09 | 9.74 | 10.55 |
| Camarilla | 8.05 | 8.18 | 8.32 | 8.45 | 8.58 | 8.72 | 8.85 |
| Woodie | 6.26 | 6.86 | 7.72 | 8.32 | 9.18 | 9.78 | 10.64 |
| Fibonacci | 6.82 | 7.37 | 7.72 | 8.28 | 8.83 | 9.18 | 9.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.69 | 7.90 | 9.39 | 10.60 | 12.09 | 13.30 | 14.79 |
| Camarilla | 10.13 | 10.38 | 10.62 | 10.87 | 11.12 | 11.37 | 11.61 |
| Woodie | 6.82 | 7.97 | 9.52 | 10.67 | 12.22 | 13.37 | 14.92 |
| Fibonacci | 7.90 | 8.94 | 9.57 | 10.60 | 11.64 | 12.27 | 13.30 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.52 | |
| MACD (12,26,9): | -0.6600 | |
| Directional Movement: | -8.11 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 7.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.62 | |
| Elder Ray (13): | -0.12 | |
| Super Trend (3,10): | 10.36 | |
| Zig ZAG (10): | 8.09 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 40.61 | |
| TEMA (21): | 7.55 | |
| Williams %R (14): | -52.79 | |
| Chande Momentum Oscillator (20): | -0.26 | |
| Repulse (5,40,3): | 0.5400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.0100 | |
| Courbe Coppock: | 28.98 |
| MA7: | 7.97 | |
| MA20: | 8.72 | |
| MA50: | 9.93 | |
| MA100: | 11.03 | |
| MAexp7: | 8.05 | |
| MAexp20: | 8.65 | |
| MAexp50: | 9.73 | |
| MAexp100: | 11.98 | |
| Price / MA7: | +1.51% | |
| Price / MA20: | -7.22% | |
| Price / MA50: | -18.53% | |
| Price / MA100: | -26.65% | |
| Price / MAexp7: | +0.50% | |
| Price / MAexp20: | -6.47% | |
| Price / MAexp50: | -16.86% | |
| Price / MAexp100: | -32.47% |
Quotes :
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Real time data
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