NANO - XNO/USD - 1H - Technical analysis published on 09/02/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 6.54 USD
My targets
6.85 USD (+1.93%)
7.02 USD (+4.46%)
My analysis
The basic bullish trend is very strong on NANO - NANO/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 6.54 USD. Crossing the first resistance at 6.85 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 7.02 USD as an objective. Crossing it would then enable buyers to target 7.43 USD. Caution, a return to below 6.54 USD would be a sign of a consolidation phase in the short-term basic trend. 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 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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NANO - NANO/USD rating 6.72 USD. The price has increased by +0.15% since the last closing and was traded between 6.63 USD and 6.88 USD over the period. The price is currently at +1.36% from its lowest and -2.33% from its highest.6.63
6.88
6.72
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this NANO - NANO/USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.27 | 6.40 | 6.54 | 6.72 | 6.73 | 6.85 | 7.02 |
| Change (%) | -6.70% | -4.76% | -2.68% | - | +0.15% | +1.93% | +4.46% |
| Change | -0.45 | -0.32 | -0.18 | - | +0.01 | +0.13 | +0.30 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Minor | Major |
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 | 5.75 | 6.01 | 6.36 | 6.62 | 6.97 | 7.23 | 7.58 |
| Camarilla | 6.54 | 6.60 | 6.65 | 6.71 | 6.77 | 6.82 | 6.88 |
| Woodie | 5.80 | 6.03 | 6.41 | 6.64 | 7.02 | 7.25 | 7.63 |
| Fibonacci | 6.01 | 6.24 | 6.39 | 6.62 | 6.85 | 7.00 | 7.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.03 | 5.05 | 5.78 | 6.80 | 7.53 | 8.55 | 9.28 |
| Camarilla | 6.02 | 6.18 | 6.34 | 6.50 | 6.66 | 6.82 | 6.98 |
| Woodie | 3.88 | 4.98 | 5.63 | 6.73 | 7.38 | 8.48 | 9.13 |
| Fibonacci | 5.05 | 5.72 | 6.14 | 6.80 | 7.47 | 7.89 | 8.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.77 | 2.47 | 4.43 | 6.13 | 8.09 | 9.79 | 11.75 |
| Camarilla | 5.38 | 5.72 | 6.06 | 6.39 | 6.73 | 7.06 | 7.40 |
| Woodie | 0.90 | 2.54 | 4.56 | 6.20 | 8.22 | 9.86 | 11.88 |
| Fibonacci | 2.47 | 3.87 | 4.73 | 6.13 | 7.53 | 8.39 | 9.79 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.82 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 17.29 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 6.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.67 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 6.48 | |
| Zig ZAG (10): | 6.76 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 46.67 | |
| TEMA (21): | 6.77 | |
| Williams %R (14): | -64.00 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | -0.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 1.55 |
| MA7: | 6.58 | |
| MA20: | 6.44 | |
| MA50: | 5.22 | |
| MA100: | 5.53 | |
| MAexp7: | 6.74 | |
| MAexp20: | 6.70 | |
| MAexp50: | 6.63 | |
| MAexp100: | 6.61 | |
| Price / MA7: | +2.13% | |
| Price / MA20: | +4.35% | |
| Price / MA50: | +28.74% | |
| Price / MA100: | +21.52% | |
| Price / MAexp7: | -0.30% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +1.36% | |
| Price / MAexp100: | +1.66% |
Quotes :
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Real time data
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