KYBER NETWORK CRYSTAL V2 - KNC/USDT - 1H - Technical analysis published on 07/04/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 1.76 USDT
My targets
1.98 USDT (+10.00%)
2.17 USDT (+20.28%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on KYBER NETWORK - KNC/USDT as long as the price remains well above 1.76 USDT. The buyers” bullish objective is set at 1.98 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.17 USDT. If there is any crossing, the next objective would be the resistance located at 2.77 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.2
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This analysis was given by Addareea. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The KYBER NETWORK - KNC/USDT price is 1.80 USDT. The price registered a decrease of -3.23% on the session with the lowest point at 1.66 USDT and the highest point at 1.86 USDT. The deviation from the price is +8.43% for the low point and -3.23% for the high point.1.66
1.86
1.80
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this KYBER NETWORK - KNC/USDT chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
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 | 1.80 | 1.98 | 2.77 | 5.33 |
| Change (%) | -23.33% | -13.89% | -5.00% | - | +10.00% | +53.89% | +196.11% |
| Change | -0.42 | -0.25 | -0.09 | - | +0.18 | +0.97 | +3.53 |
| Level | Intermediate | Minor | Minor | - | Intermediate | 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 | 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): | 55.68 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 6.54 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 1.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.87 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 1.70 | |
| Zig ZAG (10): | 1.80 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 41.75 | |
| TEMA (21): | 1.80 | |
| Williams %R (14): | -51.23 | |
| Chande Momentum Oscillator (20): | -0.10 | |
| Repulse (5,40,3): | 1.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4600 | |
| Courbe Coppock: | 3.18 |
| MA7: | 1.43 | |
| MA20: | 1.27 | |
| MA50: | 0.98 | |
| MA100: | 0.76 | |
| MAexp7: | 1.78 | |
| MAexp20: | 1.78 | |
| MAexp50: | 1.67 | |
| MAexp100: | 1.52 | |
| Price / MA7: | +25.87% | |
| Price / MA20: | +41.73% | |
| Price / MA50: | +83.67% | |
| Price / MA100: | +136.84% | |
| Price / MAexp7: | +1.12% | |
| Price / MAexp20: | +1.12% | |
| Price / MAexp50: | +7.78% | |
| Price / MAexp100: | +18.42% |
Quotes :
2020-07-04 06:23:38
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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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