BALANCER - BAL/USDT - 1H - Technical analysis published on 03/01/2023 (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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.3
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This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BALANCER - BAL/USDT rating is 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
Here is a more detailed summary of the historical variations registered by BALANCER - BAL/USDT:
Technical
Technical analysis of this 1H chart of BALANCER - BAL/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
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 |
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 | 7.15 | 7.20 | 7.30 | 7.35 | 7.45 | 7.50 | 7.60 |
| Camarilla | 7.36 | 7.37 | 7.39 | 7.40 | 7.41 | 7.43 | 7.44 |
| Woodie | 7.18 | 7.21 | 7.33 | 7.36 | 7.48 | 7.51 | 7.63 |
| Fibonacci | 7.20 | 7.26 | 7.29 | 7.35 | 7.41 | 7.44 | 7.50 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.99 | |
| 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: | -1.85% | |
| Price / MAexp20: | -2.69% | |
| Price / MAexp50: | -4.18% | |
| Price / MAexp100: | -4.58% |
Quotes :
-
Real time data
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