MOONRIVER - MOVR/USD - 1H - Technical analysis published on 06/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 16.63 USD
My targets
15.35 USD (-4.78%)
14.83 USD (-8.00%)
My analysis
The basic trend is currently slightly bearish on MOONRIVER - MOVR/USD and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 16.63 USD, sales could be favoured. The first bearish objective would be located at 15.35 USD. Sellers would then use the next support located at 14.83 USD as an objective. Crossing it would then enable sellers to target 14.00 USD. A return to above the resistance at 16.63 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
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 MOONRIVER - MOVR/USD price is 16.12 USD. The price registered an increase of +6.61% on the session with the lowest point at 15.11 USD and the highest point at 17.33 USD. The deviation from the price is +6.68% for the low point and -6.98% for the high point.15.11
17.33
16.12
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
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:
Technical
A technical analysis in 1H of this MOONRIVER - MOVR/USD chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed 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 over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.83 | 15.35 | 16.03 | 16.12 | 16.63 | 17.65 | 18.80 |
| Change (%) | -8.00% | -4.78% | -0.56% | - | +3.16% | +9.49% | +16.63% |
| Change | -1.29 | -0.77 | -0.09 | - | +0.51 | +1.53 | +2.68 |
| Level | Intermediate | Minor | Intermediate | - | Minor | 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 | 10.53 | 12.46 | 13.79 | 15.72 | 17.05 | 18.98 | 20.31 |
| Camarilla | 14.22 | 14.52 | 14.82 | 15.12 | 15.42 | 15.72 | 16.02 |
| Woodie | 10.23 | 12.31 | 13.49 | 15.57 | 16.75 | 18.83 | 20.01 |
| Fibonacci | 12.46 | 13.71 | 14.48 | 15.72 | 16.97 | 17.74 | 18.98 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.45 | 13.42 | 13.94 | 14.91 | 15.43 | 16.40 | 16.92 |
| Camarilla | 14.04 | 14.18 | 14.31 | 14.45 | 14.59 | 14.72 | 14.86 |
| Woodie | 12.22 | 13.31 | 13.71 | 14.80 | 15.20 | 16.29 | 16.69 |
| Fibonacci | 13.42 | 13.99 | 14.34 | 14.91 | 15.48 | 15.83 | 16.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.54 | 7.83 | 11.29 | 14.58 | 18.04 | 21.33 | 24.79 |
| Camarilla | 12.90 | 13.52 | 14.14 | 14.76 | 15.38 | 16.00 | 16.62 |
| Woodie | 4.64 | 7.87 | 11.39 | 14.62 | 18.14 | 21.37 | 24.89 |
| Fibonacci | 7.83 | 10.41 | 12.00 | 14.58 | 17.16 | 18.75 | 21.33 |
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): | 43.52 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -5.09 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 16.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.93 | |
| Elder Ray (13): | -0.24 | |
| Super Trend (3,10): | 16.02 | |
| Zig ZAG (10): | 16.06 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 17.13 | |
| TEMA (21): | 16.28 | |
| Williams %R (14): | -84.13 | |
| Chande Momentum Oscillator (20): | -0.86 | |
| Repulse (5,40,3): | -1.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 4.13 |
| MA7: | 15.36 | |
| MA20: | 15.26 | |
| MA50: | 14.47 | |
| MA100: | 17.36 | |
| MAexp7: | 16.23 | |
| MAexp20: | 16.36 | |
| MAexp50: | 16.35 | |
| MAexp100: | 16.09 | |
| Price / MA7: | +4.95% | |
| Price / MA20: | +5.64% | |
| Price / MA50: | +11.40% | |
| Price / MA100: | -7.14% | |
| Price / MAexp7: | -0.68% | |
| Price / MAexp20: | -1.47% | |
| Price / MAexp50: | -1.41% | |
| Price / MAexp100: | +0.19% |
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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