NANO - XNO/USD - 1H - Technical analysis published on 07/15/2020 (GMT)
- 316
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.000000 USD
My targets
1.080000 USD (+3.85%)
1.120000 USD (+7.69%)
My analysis
The bullish trend is currently very strong on NANO - NANO/USD. As long as the price remains above the support at 1.000000 USD, you could try to benefit from the boom. The first bullish objective is located at 1.080000 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.120000 USD as an objective. Crossing it would then enable buyers to target 1.150000 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NANO - NANO/USD rating 1.040000 USD. The price registered an increase of +5.05% on the session and was between 0.980000 USD and 1.060000 USD. This implies that the price is at +6.12% from its lowest and at -1.89% from its highest.0.980000
1.060000
1.040000
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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
A technical analysis in 1H of this NANO - NANO/USD chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.960000 | 0.980000 | 1.000000 | 1.040000 | 1.040000 | 1.080000 | 1.120000 |
| Change (%) | -7.69% | -5.77% | -3.85% | 0% | - | +3.85% | +7.69% |
| Change | -0.080000 | -0.060000 | -0.040000 | 0 | - | +0.040000 | +0.080000 |
| Level | Minor | Intermediate | Minor | Major | - | Intermediate | 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 | 0.913333 | 0.936667 | 0.963333 | 0.986667 | 1.013333 | 1.036667 | 1.063333 |
| Camarilla | 0.976250 | 0.980833 | 0.985417 | 0.990000 | 0.994583 | 0.999167 | 1.003750 |
| Woodie | 0.915000 | 0.937500 | 0.965000 | 0.987500 | 1.015000 | 1.037500 | 1.065000 |
| Fibonacci | 0.936667 | 0.955767 | 0.967567 | 0.986667 | 1.005767 | 1.017567 | 1.036667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.713333 | 0.816667 | 0.913333 | 1.016667 | 1.113333 | 1.216667 | 1.313333 |
| Camarilla | 0.955000 | 0.973333 | 0.991667 | 1.010000 | 1.028333 | 1.046667 | 1.065000 |
| Woodie | 0.710000 | 0.815000 | 0.910000 | 1.015000 | 1.110000 | 1.215000 | 1.310000 |
| Fibonacci | 0.816667 | 0.893067 | 0.940267 | 1.016667 | 1.093067 | 1.140267 | 1.216667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.260000 | 0.550000 | 0.740000 | 1.030000 | 1.220000 | 1.510000 | 1.700000 |
| Camarilla | 0.798000 | 0.842000 | 0.886000 | 0.930000 | 0.974000 | 1.018000 | 1.062000 |
| Woodie | 0.210000 | 0.525000 | 0.690000 | 1.005000 | 1.170000 | 1.485000 | 1.650000 |
| Fibonacci | 0.550000 | 0.733360 | 0.846640 | 1.030000 | 1.213360 | 1.326640 | 1.510000 |
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): | 67.67 | |
| MACD (12,26,9): | 0.0143 | |
| Directional Movement: | 16.144520 | |
| AROON (14): | 57.142854 | |
| DEMA (21): | 1.041870 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.990122 | |
| Elder Ray (13): | 0.016693 | |
| Super Trend (3,10): | 1.006115 | |
| Zig ZAG (10): | 1.050000 | |
| VORTEX (21): | 1.1333 | |
| Stochastique (14,3,5): | 83.33 | |
| TEMA (21): | 1.053697 | |
| Williams %R (14): | -12.50 | |
| Chande Momentum Oscillator (20): | 0.050000 | |
| Repulse (5,40,3): | 0.3461 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1611 | |
| Courbe Coppock: | 9.46 |
| MA7: | 1.020000 | |
| MA20: | 0.985000 | |
| MA50: | 1.018400 | |
| MA100: | 0.840600 | |
| MAexp7: | 1.041878 | |
| MAexp20: | 1.025086 | |
| MAexp50: | 1.013407 | |
| MAexp100: | 1.012323 | |
| Price / MA7: | +1.96% | |
| Price / MA20: | +5.58% | |
| Price / MA50: | +2.12% | |
| Price / MA100: | +23.72% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | +1.45% | |
| Price / MAexp50: | +2.62% | |
| Price / MAexp100: | +2.73% |
Quotes :
2020-07-15 16:17:19
-
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 NANO - XNO/USD - 1H