BANCOR - BNT/USD - 1H - Technical analysis published on 01/06/2025 (GMT)
- 167
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 0.704762 USD
My targets
0.734892 USD (+0.64%)
0.795164 USD (+8.90%)
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 0.704762 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 0.704762 USD. The next bullish objective for buyers is set at 0.734892 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.795164 USD. If there is any crossing, the next objective would be the resistance located at 0.836143 USD. PS: if there is a bearish break in the support located at 0.704762 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.3
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BANCOR NETWORK TOKEN - BNT/USD rating is 0.730187 USD. On the day, this instrument lost -0.31% and was between 0.716095 USD and 0.740819 USD. This implies that the price is at +1.97% from its lowest and at -1.44% from its highest.0.716095
0.740819
0.730187
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BANCOR NETWORK TOKEN - BNT/USD:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BANCOR NETWORK TOKEN - BNT/USD indicates that the overall trend is bullish. 75.00% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.668931 | 0.691096 | 0.704762 | 0.730187 | 0.734892 | 0.795164 | 0.836143 |
| Change (%) | -8.39% | -5.35% | -3.48% | - | +0.64% | +8.90% | +14.51% |
| Change | -0.061256 | -0.039091 | -0.025425 | - | +0.004705 | +0.064977 | +0.105956 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Minor |
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 | 0.704767 | 0.712386 | 0.722433 | 0.730052 | 0.740099 | 0.747718 | 0.757765 |
| Camarilla | 0.727623 | 0.729242 | 0.730862 | 0.732481 | 0.734100 | 0.735720 | 0.737339 |
| Woodie | 0.705982 | 0.712993 | 0.723648 | 0.730659 | 0.741314 | 0.748325 | 0.758980 |
| Fibonacci | 0.712386 | 0.719134 | 0.723303 | 0.730052 | 0.736800 | 0.740969 | 0.747718 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.572393 | 0.606649 | 0.668689 | 0.702945 | 0.764985 | 0.799241 | 0.861281 |
| Camarilla | 0.704247 | 0.713074 | 0.721901 | 0.730728 | 0.739555 | 0.748382 | 0.757209 |
| Woodie | 0.586284 | 0.613595 | 0.682580 | 0.709891 | 0.778876 | 0.806187 | 0.875172 |
| Fibonacci | 0.606649 | 0.643434 | 0.666160 | 0.702945 | 0.739730 | 0.762456 | 0.799241 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.169587 | 0.387058 | 0.520938 | 0.738409 | 0.872289 | 1.089760 | 1.223640 |
| Camarilla | 0.558198 | 0.590405 | 0.622612 | 0.654819 | 0.687026 | 0.719233 | 0.751441 |
| Woodie | 0.127793 | 0.366160 | 0.479144 | 0.717511 | 0.830495 | 1.068862 | 1.181846 |
| Fibonacci | 0.387058 | 0.521274 | 0.604193 | 0.738409 | 0.872625 | 0.955544 | 1.089760 |
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): | 56.26 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 2.001333 | |
| AROON (14): | 7.142857 | |
| DEMA (21): | 0.732300 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.721022 | |
| Elder Ray (13): | 0.004450 | |
| Super Trend (3,10): | 0.716060 | |
| Zig ZAG (10): | 0.736427 | |
| VORTEX (21): | 1.0655 | |
| Stochastique (14,3,5): | 77.73 | |
| TEMA (21): | 0.732328 | |
| Williams %R (14): | -19.01 | |
| Chande Momentum Oscillator (20): | -0.004168 | |
| Repulse (5,40,3): | 1.3361 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0052 | |
| Courbe Coppock: | 0.22 |
| MA7: | 0.707318 | |
| MA20: | 0.698958 | |
| MA50: | 0.758022 | |
| MA100: | 0.638172 | |
| MAexp7: | 0.731248 | |
| MAexp20: | 0.731238 | |
| MAexp50: | 0.728450 | |
| MAexp100: | 0.719743 | |
| Price / MA7: | +3.23% | |
| Price / MA20: | +4.47% | |
| Price / MA50: | -3.67% | |
| Price / MA100: | +14.42% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +1.45% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis BANCOR - BNT/USD - 1H