BALANCER - BAL/USDT - 1H - Technical analysis published on 05/14/2024 (GMT)
- 81
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
61%
6%
My opinion
Bearish under 3.38 USDT
My targets
3.32 USDT (-0.90%)
3.14 USDT (-6.27%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BALANCER - BAL/USDT as long as the price remains well below 3.38 USDT. The sellers' bearish objective is set at 3.32 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.14 USDT. In case of crossing, the next objective would be the support located at 2.95 USDT. 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
7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BALANCER - BAL/USDT rating is 3.35 USDT. The price is lower by -2.05% since the last closing and was traded between 3.31 USDT and 3.45 USDT over the period. The price is currently at +1.21% from its lowest and -2.90% from its highest.3.31
3.45
3.35
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
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 scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 6 are bullish, 1 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.95 | 3.32 | 3.35 | 3.38 | 3.43 | 3.50 |
| Change (%) | -11.94% | -0.90% | - | +0.90% | +2.39% | +4.48% |
| Change | -0.40 | -0.03 | - | +0.03 | +0.08 | +0.15 |
| Level | Intermediate | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.11 | 3.21 | 3.31 | 3.41 | 3.51 | 3.61 | 3.71 |
| Camarilla | 3.37 | 3.38 | 3.40 | 3.42 | 3.44 | 3.46 | 3.48 |
| Woodie | 3.12 | 3.21 | 3.32 | 3.41 | 3.52 | 3.61 | 3.72 |
| Fibonacci | 3.21 | 3.28 | 3.33 | 3.41 | 3.48 | 3.53 | 3.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.91 | 3.14 | 3.27 | 3.50 | 3.63 | 3.86 | 3.99 |
| Camarilla | 3.30 | 3.33 | 3.37 | 3.40 | 3.43 | 3.47 | 3.50 |
| Woodie | 2.86 | 3.12 | 3.22 | 3.48 | 3.58 | 3.84 | 3.94 |
| Fibonacci | 3.14 | 3.28 | 3.36 | 3.50 | 3.64 | 3.72 | 3.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.99 | 2.19 | 2.84 | 4.04 | 4.69 | 5.89 | 6.54 |
| Camarilla | 2.99 | 3.16 | 3.33 | 3.50 | 3.67 | 3.84 | 4.01 |
| Woodie | 0.73 | 2.05 | 2.58 | 3.90 | 4.43 | 5.75 | 6.28 |
| Fibonacci | 2.19 | 2.89 | 3.33 | 4.04 | 4.74 | 5.18 | 5.89 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.76 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -17.93 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 3.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.37 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 3.44 | |
| Zig ZAG (10): | 3.35 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 19.14 | |
| TEMA (21): | 3.34 | |
| Williams %R (14): | -71.32 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | 0.2400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 3.98 |
| MA7: | 3.44 | |
| MA20: | 3.58 | |
| MA50: | 4.12 | |
| MA100: | 4.43 | |
| MAexp7: | 3.35 | |
| MAexp20: | 3.37 | |
| MAexp50: | 3.40 | |
| MAexp100: | 3.42 | |
| Price / MA7: | -2.62% | |
| Price / MA20: | -6.42% | |
| Price / MA50: | -18.69% | |
| Price / MA100: | -24.38% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.59% | |
| Price / MAexp50: | -1.47% | |
| Price / MAexp100: | -2.05% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis BALANCER - BAL/USDT - 1H