BANCOR - BNT/USD - 1H - Technical analysis published on 06/22/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 0.374601 USD
My targets
0.386202 USD (+0.73%)
0.400960 USD (+4.58%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.374601 USD remains possible. It is advisable to trade BANCOR NETWORK TOKEN - BNT/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.374601 USD. The next bullish objective for buyers is set at 0.386202 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.400960 USD. If there is any crossing, the next objective would be the resistance located at 0.415222 USD. PS: if there is a bearish break in the support located at 0.374601 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2
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Additional analysis
Quotes
The BANCOR NETWORK TOKEN - BNT/USD price is 0.383403 USD. On the day, this instrument lost -0.01% with the lowest point at 0.381489 USD and the highest point at 0.393502 USD. The deviation from the price is +0.50% for the low point and -2.57% for the high point.0.381489
0.393502
0.383403
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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
Technical analysis of this 1H chart of BANCOR NETWORK TOKEN - BNT/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.347551 | 0.362996 | 0.374601 | 0.383403 | 0.386202 | 0.400960 | 0.415222 |
| Change (%) | -9.35% | -5.32% | -2.30% | - | +0.73% | +4.58% | +8.30% |
| Change | -0.035852 | -0.020407 | -0.008802 | - | +0.002799 | +0.017557 | +0.031819 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.353945 | 0.360946 | 0.372199 | 0.379200 | 0.390453 | 0.397454 | 0.408707 |
| Camarilla | 0.378431 | 0.380104 | 0.381778 | 0.383451 | 0.385124 | 0.386798 | 0.388471 |
| Woodie | 0.356070 | 0.362009 | 0.374324 | 0.380263 | 0.392578 | 0.398517 | 0.410832 |
| Fibonacci | 0.360946 | 0.367919 | 0.372227 | 0.379200 | 0.386173 | 0.390481 | 0.397454 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.287737 | 0.307868 | 0.334439 | 0.354570 | 0.381141 | 0.401272 | 0.427843 |
| Camarilla | 0.348168 | 0.352449 | 0.356730 | 0.361011 | 0.365292 | 0.369573 | 0.373854 |
| Woodie | 0.290958 | 0.309478 | 0.337660 | 0.356180 | 0.384362 | 0.402882 | 0.431064 |
| Fibonacci | 0.307868 | 0.325708 | 0.336730 | 0.354570 | 0.372410 | 0.383432 | 0.401272 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.281586 | 0.336747 | 0.376193 | 0.431354 | 0.470800 | 0.525961 | 0.565407 |
| Camarilla | 0.389622 | 0.398294 | 0.406967 | 0.415639 | 0.424311 | 0.432984 | 0.441656 |
| Woodie | 0.273729 | 0.332818 | 0.368336 | 0.427425 | 0.462943 | 0.522032 | 0.557550 |
| Fibonacci | 0.336747 | 0.372887 | 0.395214 | 0.431354 | 0.467494 | 0.489821 | 0.525961 |
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): | 49.60 | |
| MACD (12,26,9): | 0.0033 | |
| Directional Movement: | -0.049633 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.389634 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.393502 | |
| Elder Ray (13): | -0.000695 | |
| Super Trend (3,10): | 0.379237 | |
| Zig ZAG (10): | 0.381489 | |
| VORTEX (21): | 0.9873 | |
| Stochastique (14,3,5): | 38.94 | |
| TEMA (21): | 0.388261 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.001328 | |
| Repulse (5,40,3): | -3.6551 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1760 | |
| Courbe Coppock: | 2.50 |
| MA7: | 0.364993 | |
| MA20: | 0.374582 | |
| MA50: | 0.402203 | |
| MA100: | 0.465840 | |
| MAexp7: | 0.386149 | |
| MAexp20: | 0.384667 | |
| MAexp50: | 0.376720 | |
| MAexp100: | 0.369193 | |
| Price / MA7: | +5.04% | |
| Price / MA20: | +2.35% | |
| Price / MA50: | -4.67% | |
| Price / MA100: | -17.70% | |
| Price / MAexp7: | -0.71% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | +1.77% | |
| Price / MAexp100: | +3.85% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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