BANCOR - BNT/USDT - 1H - Technical analysis published on 04/13/2024 (GMT)
- 185
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 0.844037 USDT
My targets
0.794821 USDT (-1.66%)
0.748136 USDT (-7.44%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BANCOR NETWORK TOKEN - BNT/USDT as long as the price remains well below 0.844037 USDT. The sellers' bearish objective is set at 0.794821 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.748136 USDT. In case of crossing, the next objective would be the support located at 0.710512 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, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.8
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 BANCOR NETWORK TOKEN - BNT/USDT price is 0.808238 USDT. The price has increased by +1.28% since the last closing with the lowest point at 0.783864 USDT and the highest point at 0.825451 USDT. The deviation from the price is +3.11% for the low point and -2.09% for the high point.0.783864
0.825451
0.808238
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this BANCOR NETWORK TOKEN - BNT/USDT chart shows a sharp bearish trend. 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.692578 | 0.710512 | 0.794821 | 0.808238 | 0.812813 | 0.844037 | 0.876683 |
| Change (%) | -14.31% | -12.09% | -1.66% | - | +0.57% | +4.43% | +8.47% |
| Change | -0.115660 | -0.097726 | -0.013417 | - | +0.004575 | +0.035799 | +0.068445 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.485047 | 0.588813 | 0.693426 | 0.797192 | 0.901805 | 1.005571 | 1.110184 |
| Camarilla | 0.740736 | 0.759837 | 0.778939 | 0.798040 | 0.817141 | 0.836243 | 0.855344 |
| Woodie | 0.485472 | 0.589025 | 0.693851 | 0.797404 | 0.902230 | 1.005783 | 1.110609 |
| Fibonacci | 0.588813 | 0.668413 | 0.717591 | 0.797192 | 0.876792 | 0.925970 | 1.005571 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.593993 | 0.680483 | 0.748136 | 0.834626 | 0.902279 | 0.988769 | 1.056422 |
| Camarilla | 0.773401 | 0.787531 | 0.801660 | 0.815790 | 0.829920 | 0.844050 | 0.858179 |
| Woodie | 0.584576 | 0.675774 | 0.738719 | 0.829917 | 0.892862 | 0.984060 | 1.047005 |
| Fibonacci | 0.680483 | 0.739365 | 0.775743 | 0.834626 | 0.893508 | 0.929886 | 0.988769 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.399031 | 0.558583 | 0.739186 | 0.898738 | 1.079341 | 1.238893 | 1.419496 |
| Camarilla | 0.826246 | 0.857427 | 0.888608 | 0.919789 | 0.950970 | 0.982151 | 1.013332 |
| Woodie | 0.409557 | 0.563846 | 0.749712 | 0.904001 | 1.089867 | 1.244156 | 1.430022 |
| Fibonacci | 0.558583 | 0.688522 | 0.768799 | 0.898738 | 1.028677 | 1.108954 | 1.238893 |
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): | 47.57 | |
| MACD (12,26,9): | -0.0210 | |
| Directional Movement: | -1.589871 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.781987 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.700524 | |
| Elder Ray (13): | 0.000872 | |
| Super Trend (3,10): | 0.706516 | |
| Zig ZAG (10): | 0.808238 | |
| VORTEX (21): | 0.8420 | |
| Stochastique (14,3,5): | 58.32 | |
| TEMA (21): | 0.770668 | |
| Williams %R (14): | -35.96 | |
| Chande Momentum Oscillator (20): | -0.041020 | |
| Repulse (5,40,3): | 2.5102 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3865 | |
| Courbe Coppock: | 19.79 |
| MA7: | 0.853827 | |
| MA20: | 0.854062 | |
| MA50: | 0.872560 | |
| MA100: | 0.809390 | |
| MAexp7: | 0.791761 | |
| MAexp20: | 0.809296 | |
| MAexp50: | 0.835275 | |
| MAexp100: | 0.846798 | |
| Price / MA7: | -5.34% | |
| Price / MA20: | -5.37% | |
| Price / MA50: | -7.37% | |
| Price / MA100: | -0.14% | |
| Price / MAexp7: | +2.08% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -3.24% | |
| Price / MAexp100: | -4.55% |
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 BANCOR - BNT/USDT - 1H