NANO - XNO/USD - 1H - Technical analysis published on 02/24/2021 (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:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
28%
39%
33%
My opinion
Bullish above 5.33 USD
My targets
5.84 USD (+1.21%)
6.49 USD (+12.53%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for NANO - NANO/USD as long as the price remains well above 5.33 USD. The buyers” bullish objective is set at 5.84 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.49 USD. If there is any crossing, the next objective would be the resistance located at 6.78 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 5.84 USD. On this resistance, against the trend traders who would like to go short on NANO - NANO/USD with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
0.4
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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
NANO - NANO/USD rating 5.77 USD. The price has increased by +11.61% since the last closing with the lowest point at 4.85 USD and the highest point at 6.20 USD. The deviation from the price is +18.97% for the low point and -6.94% for the high point.4.85
6.20
5.77
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 : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this NANO - NANO/USD chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are bearish. The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.35 | 4.97 | 5.24 | 5.77 | 5.84 | 6.78 | 7.43 |
| Change (%) | -24.61% | -13.86% | -9.19% | - | +1.21% | +17.50% | +28.77% |
| Change | -1.42 | -0.80 | -0.53 | - | +0.07 | +1.01 | +1.66 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.85 | 3.00 | 4.09 | 5.24 | 6.33 | 7.48 | 8.57 |
| Camarilla | 4.55 | 4.76 | 4.97 | 5.17 | 5.38 | 5.58 | 5.79 |
| Woodie | 1.81 | 2.99 | 4.05 | 5.23 | 6.29 | 7.47 | 8.53 |
| Fibonacci | 3.00 | 3.86 | 4.39 | 5.24 | 6.10 | 6.63 | 7.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.63 | 3.79 | 5.33 | 6.49 | 8.03 | 9.19 | 10.73 |
| Camarilla | 6.12 | 6.37 | 6.61 | 6.86 | 7.11 | 7.36 | 7.60 |
| Woodie | 2.81 | 3.89 | 5.51 | 6.59 | 8.21 | 9.29 | 10.91 |
| Fibonacci | 3.79 | 4.83 | 5.46 | 6.49 | 7.53 | 8.16 | 9.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -3.13 | -1.06 | 1.17 | 3.24 | 5.47 | 7.54 | 9.77 |
| Camarilla | 2.23 | 2.62 | 3.02 | 3.41 | 3.80 | 4.20 | 4.59 |
| Woodie | -3.04 | -1.02 | 1.26 | 3.28 | 5.56 | 7.58 | 9.86 |
| Fibonacci | -1.06 | 0.58 | 1.59 | 3.24 | 4.88 | 5.89 | 7.54 |
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): | 54.41 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | -6.09 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 5.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.10 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 5.19 | |
| Zig ZAG (10): | 5.58 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 39.15 | |
| TEMA (21): | 5.85 | |
| Williams %R (14): | -60.42 | |
| Chande Momentum Oscillator (20): | -0.14 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.2600 | |
| Courbe Coppock: | 14.08 |
| MA7: | 6.48 | |
| MA20: | 5.68 | |
| MA50: | 4.31 | |
| MA100: | 2.69 | |
| MAexp7: | 5.68 | |
| MAexp20: | 5.63 | |
| MAexp50: | 5.68 | |
| MAexp100: | 5.97 | |
| Price / MA7: | -10.96% | |
| Price / MA20: | +1.58% | |
| Price / MA50: | +33.87% | |
| Price / MA100: | +114.50% | |
| Price / MAexp7: | +1.58% | |
| Price / MAexp20: | +2.49% | |
| Price / MAexp50: | +1.58% | |
| Price / MAexp100: | -3.35% |
Quotes :
2021-02-24 16:51:46
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Real time data
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