BANCOR - BNT/USD - 1H - Technical analysis published on 07/22/2023 (GMT)
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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:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
33%
44%
My opinion
Bearish under 0.399311 USD
My targets
0.381148 USD (-2.07%)
0.372540 USD (-4.28%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for BANCOR NETWORK TOKEN - BNT/USD as long as the price remains well below 0.399311 USD. The next bearish objective for sellers is set at 0.381148 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.372540 USD. In case of crossing, the next objective would be the support located at 0.343528 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 0.381148 USD. With this support, against the trend traders who want to buy BANCOR NETWORK TOKEN - BNT/USD on a buy signal from their trading strategy should not hesitate to act.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.1
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Additional analysis
Quotes
BANCOR NETWORK TOKEN - BNT/USD rating 0.389208 USD. The price registered a decrease of -1.94% on the session and was between 0.389208 USD and 0.405082 USD. This implies that the price is at 0% from its lowest and at -3.92% from its highest.0.389208
0.405082
0.389208
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of BANCOR NETWORK TOKEN - BNT/USD in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.343528 | 0.372540 | 0.381148 | 0.389208 | 0.390620 | 0.399311 | 0.414680 |
| Change (%) | -11.74% | -4.28% | -2.07% | - | +0.36% | +2.60% | +6.54% |
| Change | -0.045680 | -0.016668 | -0.008060 | - | +0.001412 | +0.010103 | +0.025472 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.328442 | 0.354528 | 0.375715 | 0.401801 | 0.422988 | 0.449074 | 0.470261 |
| Camarilla | 0.383902 | 0.388235 | 0.392569 | 0.396902 | 0.401235 | 0.405569 | 0.409902 |
| Woodie | 0.325993 | 0.353303 | 0.373266 | 0.400576 | 0.420539 | 0.447849 | 0.467812 |
| Fibonacci | 0.354528 | 0.372586 | 0.383743 | 0.401801 | 0.419859 | 0.431016 | 0.449074 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.314044 | 0.345515 | 0.368107 | 0.399578 | 0.422170 | 0.453641 | 0.476233 |
| Camarilla | 0.375831 | 0.380787 | 0.385742 | 0.390698 | 0.395654 | 0.400610 | 0.405565 |
| Woodie | 0.309604 | 0.343295 | 0.363667 | 0.397358 | 0.417730 | 0.451421 | 0.471793 |
| Fibonacci | 0.345515 | 0.366167 | 0.378926 | 0.399578 | 0.420230 | 0.432989 | 0.453641 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.149273 | 0.238635 | 0.313952 | 0.403314 | 0.478631 | 0.567993 | 0.643310 |
| Camarilla | 0.343981 | 0.359077 | 0.374172 | 0.389268 | 0.404364 | 0.419459 | 0.434555 |
| Woodie | 0.142250 | 0.235124 | 0.306929 | 0.399803 | 0.471608 | 0.564482 | 0.636287 |
| Fibonacci | 0.238635 | 0.301543 | 0.340407 | 0.403314 | 0.466222 | 0.505086 | 0.567993 |
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): | 46.25 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 13.052450 | |
| AROON (14): | -78.571429 | |
| DEMA (21): | 0.394915 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.409703 | |
| Elder Ray (13): | -0.000787 | |
| Super Trend (3,10): | 0.388296 | |
| Zig ZAG (10): | 0.392028 | |
| VORTEX (21): | 0.9352 | |
| Stochastique (14,3,5): | 19.08 | |
| TEMA (21): | 0.392679 | |
| Williams %R (14): | -85.47 | |
| Chande Momentum Oscillator (20): | -0.010561 | |
| Repulse (5,40,3): | -1.3854 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0349 | |
| Courbe Coppock: | 3.67 |
| MA7: | 0.388629 | |
| MA20: | 0.391681 | |
| MA50: | 0.383996 | |
| MA100: | 0.418284 | |
| MAexp7: | 0.393130 | |
| MAexp20: | 0.394524 | |
| MAexp50: | 0.392390 | |
| MAexp100: | 0.390309 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | -0.63% | |
| Price / MA50: | +1.36% | |
| Price / MA100: | -6.95% | |
| Price / MAexp7: | -1.00% | |
| Price / MAexp20: | -1.35% | |
| Price / MAexp50: | -0.81% | |
| Price / MAexp100: | -0.28% |
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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