NANO - XNO/USD - 1H - Technical analysis published on 05/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 0.910000 USD
My targets
0.930000 USD (+1.09%)
0.990000 USD (+7.61%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NANO - NANO/USD as long as the price remains well above 0.910000 USD. The buyers” bullish objective is set at 0.930000 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.990000 USD. If there is any crossing, the next objective would be the resistance located at 1.150000 USD. 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
4.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NANO - NANO/USD price is 0.920000 USD. The price registered an increase of +2.22% on the session and was between 0.900000 USD and 0.970000 USD. This implies that the price is at +2.22% from its lowest and at -5.15% from its highest.0.900000
0.970000
0.920000
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this NANO - NANO/USD chart shows a strongly bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.790000 | 0.830000 | 0.910000 | 0.920000 | 0.990000 | 1.150000 |
| Change (%) | -14.13% | -9.78% | -1.09% | - | +7.61% | +25.00% |
| Change | -0.130000 | -0.090000 | -0.010000 | - | +0.070000 | +0.230000 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major |
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 | 0.566667 | 0.673333 | 0.786667 | 0.893333 | 1.006667 | 1.113333 | 1.226667 |
| Camarilla | 0.839500 | 0.859667 | 0.879833 | 0.900000 | 0.920167 | 0.940333 | 0.960500 |
| Woodie | 0.570000 | 0.675000 | 0.790000 | 0.895000 | 1.010000 | 1.115000 | 1.230000 |
| Fibonacci | 0.673333 | 0.757373 | 0.809293 | 0.893333 | 0.977373 | 1.029293 | 1.113333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.380000 | 0.470000 | 0.610000 | 0.700000 | 0.840000 | 0.930000 | 1.070000 |
| Camarilla | 0.686750 | 0.707833 | 0.728917 | 0.750000 | 0.771083 | 0.792167 | 0.813250 |
| Woodie | 0.405000 | 0.482500 | 0.635000 | 0.712500 | 0.865000 | 0.942500 | 1.095000 |
| Fibonacci | 0.470000 | 0.557860 | 0.612140 | 0.700000 | 0.787860 | 0.842140 | 0.930000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.266667 | 0.363333 | 0.496667 | 0.593333 | 0.726667 | 0.823333 | 0.956667 |
| Camarilla | 0.566750 | 0.587833 | 0.608917 | 0.630000 | 0.651083 | 0.672167 | 0.693250 |
| Woodie | 0.285000 | 0.372500 | 0.515000 | 0.602500 | 0.745000 | 0.832500 | 0.975000 |
| Fibonacci | 0.363333 | 0.451193 | 0.505473 | 0.593333 | 0.681193 | 0.735473 | 0.823333 |
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): | 54.17 | |
| MACD (12,26,9): | 0.0168 | |
| Directional Movement: | 11.521828 | |
| AROON (14): | 35.714287 | |
| DEMA (21): | 0.945913 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.971243 | |
| Elder Ray (13): | -0.006767 | |
| Super Trend (3,10): | 0.853832 | |
| Zig ZAG (10): | 0.930000 | |
| VORTEX (21): | 1.0441 | |
| Stochastique (14,3,5): | 34.52 | |
| TEMA (21): | 0.937400 | |
| Williams %R (14): | -71.43 | |
| Chande Momentum Oscillator (20): | -0.010000 | |
| Repulse (5,40,3): | 0.5336 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4327 | |
| Courbe Coppock: | 3.13 |
| MA7: | 0.790000 | |
| MA20: | 0.693000 | |
| MA50: | 0.622000 | |
| MA100: | 0.662400 | |
| MAexp7: | 0.926846 | |
| MAexp20: | 0.919291 | |
| MAexp50: | 0.876042 | |
| MAexp100: | 0.826839 | |
| Price / MA7: | +16.46% | |
| Price / MA20: | +32.76% | |
| Price / MA50: | +47.91% | |
| Price / MA100: | +38.89% | |
| Price / MAexp7: | -0.74% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +5.02% | |
| Price / MAexp100: | +11.27% |
This member declared not having a position on this financial instrument or a related financial instrument.
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