ANKR - ANKR/USD - 1H - Technical analysis published on 05/25/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.025337 USD
My targets
0.024240 USD (-2.22%)
0.022673 USD (-8.54%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ANKR NETWORK - ANKR/USD. As long as you are under the resistance located at 0.025337 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.024240 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.022673 USD as an objective. Crossing it would then enable sellers to target 0.015040 USD. If the resistance 0.025337 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.7
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Additional analysis
Quotes
The ANKR NETWORK - ANKR/USD rating is 0.024790 USD. On the day, this instrument lost -0.04% and was between 0.023940 USD and 0.024870 USD. This implies that the price is at +3.55% from its lowest and at -0.32% from its highest.0.023940
0.024870
0.024790
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ANKR NETWORK - ANKR/USD chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
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:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.015040 | 0.024240 | 0.024790 | 0.024892 | 0.025337 | 0.026194 |
| Change (%) | -39.33% | -2.22% | - | +0.41% | +2.21% | +5.66% |
| Change | -0.009750 | -0.000550 | - | +0.000102 | +0.000547 | +0.001404 |
| Level | Intermediate | Intermediate | - | 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 | 0.022413 | 0.023327 | 0.024063 | 0.024977 | 0.025713 | 0.026627 | 0.027363 |
| Camarilla | 0.024346 | 0.024498 | 0.024649 | 0.024800 | 0.024951 | 0.025103 | 0.025254 |
| Woodie | 0.022325 | 0.023283 | 0.023975 | 0.024933 | 0.025625 | 0.026583 | 0.027275 |
| Fibonacci | 0.023327 | 0.023957 | 0.024346 | 0.024977 | 0.025607 | 0.025996 | 0.026627 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.020497 | 0.022673 | 0.024397 | 0.026573 | 0.028297 | 0.030473 | 0.032197 |
| Camarilla | 0.025048 | 0.025405 | 0.025763 | 0.026120 | 0.026478 | 0.026835 | 0.027193 |
| Woodie | 0.020270 | 0.022560 | 0.024170 | 0.026460 | 0.028070 | 0.030360 | 0.031970 |
| Fibonacci | 0.022673 | 0.024163 | 0.025084 | 0.026573 | 0.028063 | 0.028984 | 0.030473 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.019210 | 0.024460 | 0.027680 | 0.032930 | 0.036150 | 0.041400 | 0.044620 |
| Camarilla | 0.028571 | 0.029347 | 0.030124 | 0.030900 | 0.031676 | 0.032453 | 0.033229 |
| Woodie | 0.018195 | 0.023953 | 0.026665 | 0.032423 | 0.035135 | 0.040893 | 0.043605 |
| Fibonacci | 0.024460 | 0.027696 | 0.029695 | 0.032930 | 0.036166 | 0.038165 | 0.041400 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.67 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -3.886738 | |
| AROON (14): | -7.142857 | |
| DEMA (21): | 0.024578 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.023994 | |
| Elder Ray (13): | 0.000075 | |
| Super Trend (3,10): | 0.024992 | |
| Zig ZAG (10): | 0.024740 | |
| VORTEX (21): | 1.0623 | |
| Stochastique (14,3,5): | 89.56 | |
| TEMA (21): | 0.024685 | |
| Williams %R (14): | -12.90 | |
| Chande Momentum Oscillator (20): | 0.000500 | |
| Repulse (5,40,3): | 0.3713 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0733 | |
| Courbe Coppock: | 0.96 |
| MA7: | 0.025483 | |
| MA20: | 0.026191 | |
| MA50: | 0.030482 | |
| MA100: | 0.032082 | |
| MAexp7: | 0.024717 | |
| MAexp20: | 0.024692 | |
| MAexp50: | 0.024924 | |
| MAexp100: | 0.025219 | |
| Price / MA7: | -2.72% | |
| Price / MA20: | -5.35% | |
| Price / MA50: | -18.67% | |
| Price / MA100: | -22.73% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +0.40% | |
| Price / MAexp50: | -0.54% | |
| Price / MAexp100: | -1.70% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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