BALANCER - BAL/USDT - 1H - Technical analysis published on 02/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 7.15 USDT
My targets
6.97 USDT (-0.85%)
6.63 USDT (-5.69%)
My analysis
The bearish trend is currently very strong for BALANCER - BAL/USDT. As long as the price remains below the resistance at 7.15 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 6.97 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6.63 USDT as an objective. Crossing it would then enable sellers to target 6.28 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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Additional analysis
Quotes
BALANCER - BAL/USDT rating 7.03 USDT. The price is lower by -2.90% since the last closing and was traded between 6.89 USDT and 7.29 USDT over the period. The price is currently at +2.03% from its lowest and -3.57% from its highest.6.89
7.29
7.03
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of BALANCER - BAL/USDT in 1H shows a overall strongly bearish trend. 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 market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.60 | 6.28 | 6.63 | 7.03 | 7.15 | 7.36 | 7.49 |
| Change (%) | -20.34% | -10.67% | -5.69% | - | +1.71% | +4.69% | +6.54% |
| Change | -1.43 | -0.75 | -0.40 | - | +0.12 | +0.33 | +0.46 |
| Level | Minor | Major | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.52 | 6.81 | 7.02 | 7.31 | 7.52 | 7.81 | 8.02 |
| Camarilla | 7.10 | 7.15 | 7.19 | 7.24 | 7.29 | 7.33 | 7.38 |
| Woodie | 6.49 | 6.79 | 6.99 | 7.29 | 7.49 | 7.79 | 7.99 |
| Fibonacci | 6.81 | 7.00 | 7.12 | 7.31 | 7.50 | 7.62 | 7.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.96 | 5.50 | 6.43 | 6.97 | 7.90 | 8.44 | 9.37 |
| Camarilla | 6.96 | 7.09 | 7.23 | 7.36 | 7.50 | 7.63 | 7.76 |
| Woodie | 5.16 | 5.60 | 6.63 | 7.07 | 8.10 | 8.54 | 9.57 |
| Fibonacci | 5.50 | 6.06 | 6.41 | 6.97 | 7.53 | 7.88 | 8.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.63 | 4.44 | 5.57 | 6.38 | 7.51 | 8.32 | 9.45 |
| Camarilla | 6.16 | 6.33 | 6.51 | 6.69 | 6.87 | 7.05 | 7.22 |
| Woodie | 3.78 | 4.52 | 5.72 | 6.46 | 7.66 | 8.40 | 9.60 |
| Fibonacci | 4.44 | 5.18 | 5.64 | 6.38 | 7.12 | 7.58 | 8.32 |
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): | 43.99 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -11.16 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 6.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.15 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 7.18 | |
| Zig ZAG (10): | 7.03 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 41.52 | |
| TEMA (21): | 6.96 | |
| Williams %R (14): | -49.83 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | 0.8900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 4.95 |
| MA7: | 7.24 | |
| MA20: | 6.90 | |
| MA50: | 6.61 | |
| MA100: | 6.15 | |
| MAexp7: | 7.01 | |
| MAexp20: | 7.07 | |
| MAexp50: | 7.18 | |
| MAexp100: | 7.21 | |
| Price / MA7: | -2.90% | |
| Price / MA20: | +1.88% | |
| Price / MA50: | +6.35% | |
| Price / MA100: | +14.31% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | -0.57% | |
| Price / MAexp50: | -2.09% | |
| Price / MAexp100: | -2.50% |
Quotes :
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Real time data
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Cryptocompare
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