KYBER NETWORK CRYSTAL V2 - KNC/USDT - Daily - Technical analysis published on 07/04/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 1.48 USDT
My targets
1.76 USDT (+8.40%)
2.17 USDT (+33.64%)
My analysis
KYBER NETWORK - KNC/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.48 USDT. The next resistance located at 1.76 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.17 USDT. After this resistance, buyers could then target 2.77 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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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 1.62 USDT. The price registered a decrease of -12.90% on the session and was traded between 1.59 USDT and 1.86 USDT over the period. The price is currently at +1.89% from its lowest and -12.90% from its highest.1.59
1.86
1.62
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
Here is a more detailed summary of the historical variations registered by KYBER NETWORK - KNC/USDT:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of KYBER NETWORK - KNC/USDT in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
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:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Long white line
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.80 | 1.07 | 1.29 | 1.62 | 2.77 | 5.33 |
| Change (%) | -50.62% | -33.95% | -20.37% | - | +70.99% | +229.01% |
| Change | -0.82 | -0.55 | -0.33 | - | +1.15 | +3.71 |
| Level | 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 | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 66.45 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 36.76 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 1.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.09 | |
| Elder Ray (13): | 0.37 | |
| Super Trend (3,10): | 1.31 | |
| Zig ZAG (10): | 1.62 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 81.95 | |
| TEMA (21): | 1.53 | |
| Williams %R (14): | -37.49 | |
| Chande Momentum Oscillator (20): | 0.37 | |
| Repulse (5,40,3): | 5.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.6300 | |
| Courbe Coppock: | 36.37 |
| MA7: | 1.41 | |
| MA20: | 1.26 | |
| MA50: | 0.97 | |
| MA100: | 0.76 | |
| MAexp7: | 1.48 | |
| MAexp20: | 1.28 | |
| MAexp50: | 1.05 | |
| MAexp100: | 0.85 | |
| Price / MA7: | +14.89% | |
| Price / MA20: | +28.57% | |
| Price / MA50: | +67.01% | |
| Price / MA100: | +113.16% | |
| Price / MAexp7: | +9.46% | |
| Price / MAexp20: | +26.56% | |
| Price / MAexp50: | +54.29% | |
| Price / MAexp100: | +90.59% |
Quotes :
2020-07-04 15:02:24
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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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