BITKAN - KAN/USDT - Daily - Technical analysis published on 12/05/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.002262 USDT
My targets
0.001456 USDT (-22.72%)
0.000958 USDT (-49.15%)
My analysis
The bearish trend is currently very strong for BITKAN - KAN/USDT. As long as the price remains below the resistance at 0.002262 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.001456 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.000958 USDT as an objective. Crossing it would then enable sellers to target 0.000152 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
7
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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 BITKAN - KAN/USDT rating is 0.001884 USDT. On the day, this instrument gained +1.24% and was traded between 0.001842 USDT and 0.001910 USDT over the period. The price is currently at +2.28% from its lowest and -1.36% from its highest.0.001842
0.001910
0.001884
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BITKAN - KAN/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.001858 | 0.001884 | 0.002366 | 0.003053 | 0.005175 |
| Change (%) | -1.38% | - | +25.58% | +62.05% | +174.68% |
| Change | -0.000026 | - | +0.000482 | +0.001169 | +0.003291 |
| Level | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001729 | 0.001786 | 0.001823 | 0.001880 | 0.001917 | 0.001974 | 0.002011 |
| Camarilla | 0.001835 | 0.001844 | 0.001852 | 0.001861 | 0.001870 | 0.001878 | 0.001887 |
| Woodie | 0.001720 | 0.001781 | 0.001814 | 0.001875 | 0.001908 | 0.001969 | 0.002002 |
| Fibonacci | 0.001786 | 0.001822 | 0.001844 | 0.001880 | 0.001916 | 0.001938 | 0.001974 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001432 | 0.001598 | 0.001776 | 0.001942 | 0.002120 | 0.002286 | 0.002464 |
| Camarilla | 0.001859 | 0.001891 | 0.001923 | 0.001954 | 0.001986 | 0.002017 | 0.002049 |
| Woodie | 0.001438 | 0.001601 | 0.001782 | 0.001945 | 0.002126 | 0.002289 | 0.002470 |
| Fibonacci | 0.001598 | 0.001729 | 0.001811 | 0.001942 | 0.002073 | 0.002155 | 0.002286 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000152 | 0.000958 | 0.001456 | 0.002262 | 0.002760 | 0.003566 | 0.004064 |
| Camarilla | 0.001595 | 0.001715 | 0.001835 | 0.001954 | 0.002074 | 0.002193 | 0.002313 |
| Woodie | -0.000002 | 0.000881 | 0.001302 | 0.002185 | 0.002606 | 0.003489 | 0.003910 |
| Fibonacci | 0.000958 | 0.001456 | 0.001764 | 0.002262 | 0.002760 | 0.003068 | 0.003566 |
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): | 29.44 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -24.541380 | |
| AROON (14): | -28.571428 | |
| DEMA (21): | 0.001860 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.001828 | |
| Elder Ray (13): | -0.000135 | |
| Super Trend (3,10): | 0.002198 | |
| Zig ZAG (10): | 0.001884 | |
| VORTEX (21): | 0.6278 | |
| Stochastique (14,3,5): | 17.81 | |
| TEMA (21): | 0.001761 | |
| Williams %R (14): | -80.56 | |
| Chande Momentum Oscillator (20): | -0.000223 | |
| Repulse (5,40,3): | -1.3926 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.1661 | |
| Courbe Coppock: | 39.41 |
| MA7: | 0.001928 | |
| MA20: | 0.002136 | |
| MA50: | 0.002494 | |
| MA100: | 0.002625 | |
| MAexp7: | 0.001922 | |
| MAexp20: | 0.002120 | |
| MAexp50: | 0.002401 | |
| MAexp100: | 0.002739 | |
| Price / MA7: | -2.28% | |
| Price / MA20: | -11.80% | |
| Price / MA50: | -24.46% | |
| Price / MA100: | -28.23% | |
| Price / MAexp7: | -1.98% | |
| Price / MAexp20: | -11.13% | |
| Price / MAexp50: | -21.53% | |
| Price / MAexp100: | -31.22% |
This member declared not having a position on this financial instrument or a related financial instrument.
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