KYBER NETWORK CRYSTAL V2 - KNC/USDT - 1H - Technical analysis published on 07/04/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 1.71 USDT
My targets
1.76 USDT (+0.92%)
1.98 USDT (+13.79%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.71 USDT remains possible. It is advisable to trade KYBER NETWORK - KNC/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.71 USDT. The next bullish objective for buyers is set at 1.76 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.98 USDT. If there is any crossing, the next objective would be the resistance located at 2.77 USDT. PS: if there is a bearish break in the support located at 1.71 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
2.5
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This analysis was given by Addareea. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
KYBER NETWORK - KNC/USDT rating 1.74 USDT. The price registered a decrease of -6.45% on the session and was between 1.66 USDT and 1.86 USDT. This implies that the price is at +4.82% from its lowest and at -6.45% from its highest.1.66
1.86
1.74
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of KYBER NETWORK - KNC/USDT indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 7 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.38 | 1.55 | 1.71 | 1.74 | 1.98 | 2.77 | 5.33 |
| Change (%) | -20.69% | -10.92% | -1.72% | - | +13.79% | +59.20% | +206.32% |
| Change | -0.36 | -0.19 | -0.03 | - | +0.24 | +1.03 | +3.59 |
| Level | Intermediate | Minor | Minor | - | Intermediate | 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 | 1.13 | 1.33 | 1.59 | 1.79 | 2.05 | 2.25 | 2.51 |
| Camarilla | 1.73 | 1.77 | 1.82 | 1.86 | 1.90 | 1.94 | 1.99 |
| Woodie | 1.17 | 1.34 | 1.63 | 1.80 | 2.09 | 2.27 | 2.55 |
| Fibonacci | 1.33 | 1.50 | 1.61 | 1.79 | 1.96 | 2.07 | 2.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.66 | 0.84 | 0.95 | 1.13 | 1.24 | 1.42 | 1.53 |
| Camarilla | 0.99 | 1.01 | 1.04 | 1.07 | 1.09 | 1.12 | 1.15 |
| Woodie | 0.63 | 0.82 | 0.92 | 1.11 | 1.21 | 1.40 | 1.50 |
| Fibonacci | 0.84 | 0.95 | 1.01 | 1.13 | 1.24 | 1.30 | 1.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.12 | 0.39 | 0.80 | 1.08 | 1.48 | 1.76 | 2.17 |
| Camarilla | 1.02 | 1.09 | 1.15 | 1.21 | 1.27 | 1.34 | 1.40 |
| Woodie | 0.19 | 0.43 | 0.87 | 1.11 | 1.55 | 1.79 | 2.23 |
| Fibonacci | 0.39 | 0.65 | 0.82 | 1.08 | 1.34 | 1.50 | 1.76 |
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): | 48.27 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 4.18 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 1.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.93 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 1.70 | |
| Zig ZAG (10): | 1.73 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 17.85 | |
| TEMA (21): | 1.82 | |
| Williams %R (14): | -68.42 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | -2.5800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.6200 | |
| Courbe Coppock: | 3.07 |
| MA7: | 1.42 | |
| MA20: | 1.27 | |
| MA50: | 0.97 | |
| MA100: | 0.76 | |
| MAexp7: | 1.78 | |
| MAexp20: | 1.77 | |
| MAexp50: | 1.65 | |
| MAexp100: | 1.51 | |
| Price / MA7: | +22.54% | |
| Price / MA20: | +37.01% | |
| Price / MA50: | +79.38% | |
| Price / MA100: | +128.95% | |
| Price / MAexp7: | -2.25% | |
| Price / MAexp20: | -1.69% | |
| Price / MAexp50: | +5.45% | |
| Price / MAexp100: | +15.23% |
Quotes :
2020-07-04 03:44:26
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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