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PNETWORK - PNT/USD
PNETWORK - PNT/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: PNTUSD
ISIN:

PNETWORK - PNT/USD - 1H - Technical analysis published on 04/15/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 2.35 USD
My targets
2.44 USD (+2.09%)
2.62 USD (+9.62%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade PNETWORK TOKEN - PNT/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 2.35 USD. The buyers” bullish objective is set at 2.44 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.62 USD. If there is any crossing, the next objective would be the resistance located at 2.75 USD. If there is a bearish break in the support located at 2.35 USD some indecision would arise.

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
5.5

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Daily

Additional analysis

Quotes

The PNETWORK TOKEN - PNT/USD rating is 2.39 USD. The price registered an increase of +3.46% on the session and was between 2.24 USD and 2.41 USD. This implies that the price is at +6.70% from its lowest and at -0.83% from its highest.

2.24
2.41
2.39

Here is a more detailed summary of the historical variations registered by PNETWORK TOKEN - PNT/USD:

Technical


Technical analysis of PNETWORK TOKEN - PNT/USD in 1H shows an overall slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 2

Type : Neutral

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.91 2.17 2.35 2.39 2.44 2.62 2.75
Change (%) -20.08% -9.21% -1.67% - +2.09% +9.62% +15.06%
Change -0.48 -0.22 -0.04 - +0.05 +0.23 +0.36
Level Major Intermediate Minor - Major Minor Intermediate



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
Standard1.882.022.172.312.462.602.75
Camarilla2.232.262.282.312.342.362.39
Woodie1.882.022.172.312.462.602.75
Fibonacci2.022.132.202.312.422.492.60


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.471.952.232.712.993.473.75
Camarilla2.292.362.432.502.572.642.71
Woodie1.361.902.122.662.883.423.64
Fibonacci1.952.242.422.713.003.183.47


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.090.491.572.153.233.814.89
Camarilla2.182.342.492.642.792.943.10
Woodie0.150.621.812.283.473.945.13
Fibonacci0.491.131.522.152.793.183.81

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): 60.62
MACD (12,26,9): 0.0200
Directional Movement: 13.16
AROON (14): 78.57
DEMA (21): 2.33
Parabolic SAR (0,02-0,02-0,2): 2.27
Elder Ray (13): 0.05
Super Trend (3,10): 2.22
Zig ZAG (10): 2.36
VORTEX (21): 1.1200
Stochastique (14,3,5): 55.51
TEMA (21): 2.36
Williams %R (14): -26.11
Chande Momentum Oscillator (20): 0.05
Repulse (5,40,3): -1.1300
ROCnROLL: 1
TRIX (15,9): 0.0900
Courbe Coppock: 5.42
MA7: 2.44
MA20: 2.53
MA50: 2.08
MA100: 1.50
MAexp7: 2.35
MAexp20: 2.31
MAexp50: 2.31
MAexp100: 2.37
Price / MA7: -2.05%
Price / MA20: -5.53%
Price / MA50: +14.90%
Price / MA100: +59.33%
Price / MAexp7: +1.70%
Price / MAexp20: +3.46%
Price / MAexp50: +3.46%
Price / MAexp100: +0.84%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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