Based on today's classical pivot point (P1) with the value of $0.0₁₁7380, Renewable Energy has support levels of $0.0₁₁7234, $0.0₁₁7003, and the strongest at $0.0₁₁6857. Similarly, Renewable Energy resistance levels are at $0.0₁₁7611, $0.0₁₁7757, and $0.0₁₁7988.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₁₁7234 | |
| S2 | $0.0₁₁7003 | |
| S3 | $0.0₁₁6857 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₁₁7611 | |
| R2 | $0.0₁₁7757 | |
| R3 | $0.0₁₁7988 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 76.37 | SELL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 93.40 | SELL |
| Commodity Channel Index (20) | 304.10 | SELL |
| Average Directional Index (14) | 57.04 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -6.60 | SELL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 74.78 | SELL |
| VWMA (10) | 0.00 | BUY |
| Hull Moving Average (9) | 0.00 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, Renewable Energy price was most positively correlated with the price of Polygon Ecosystem Token (POL), Zcash (ZEC), Stacks (STX), Aave (AAVE) and Official Trump (TRUMP) and most negatively correlated with the price of JUST (JST), World Liberty Financial (WLFI), APENFT (NFT), Beldex (BDX) and Sun Token (SUN).
| Name | Correlation |
|---|---|
| Polygon Ecosystem Token | 0.980 |
| Zcash | 0.978 |
| Stacks | 0.967 |
| Aave | 0.964 |
| Official Trump | 0.962 |
| Name | Correlation |
|---|---|
| JUST | -0.710 |
| World Liberty Financial | -0.288 |
| APENFT | -0.159 |
| Beldex | 0.187 |
| Sun Token | 0.196 |
Renewable Energy price is positively correlated with the top 10 coins by market cap with a price of 0.828, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.793.
Currencies that are positively correlated with Renewable Energy indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Renewable Energy, a move in one direction for Renewable Energy would translate into a move in the opposite direction for the negatively correlated coin.
