ANKR NETWORK - ANKR/USD - Daily - Technical analysis published on 06/27/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 0.025156 USD
My targets
0.021240 USD (-11.65%)
0.019120 USD (-20.47%)
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 0.025156 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.021240 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 0.019120 USD as an objective. Crossing it would then enable sellers to target 0.015040 USD. If the resistance 0.025156 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.9
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
ANKR NETWORK - ANKR/USD rating 0.024040 USD. The price is lower by -0.13% since the last closing and was traded between 0.023940 USD and 0.025070 USD over the period. The price is currently at +0.42% from its lowest and -4.11% from its highest.0.023940
0.025070
0.024040
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this ANKR NETWORK - ANKR/USD chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.015040 | 0.019120 | 0.024040 | 0.025156 | 0.027792 | 0.030700 |
| Change (%) | -37.44% | -20.47% | - | +4.64% | +15.61% | +27.70% |
| Change | -0.009000 | -0.004920 | - | +0.001116 | +0.003752 | +0.006660 |
| Level | Minor | Major | - | Major | Intermediate | 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 | 0.020337 | 0.022063 | 0.023067 | 0.024793 | 0.025797 | 0.027523 | 0.028527 |
| Camarilla | 0.023319 | 0.023570 | 0.023820 | 0.024070 | 0.024320 | 0.024571 | 0.024821 |
| Woodie | 0.019975 | 0.021883 | 0.022705 | 0.024613 | 0.025435 | 0.027343 | 0.028165 |
| Fibonacci | 0.022063 | 0.023106 | 0.023751 | 0.024793 | 0.025836 | 0.026481 | 0.027523 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.013210 | 0.016470 | 0.021520 | 0.024780 | 0.029830 | 0.033090 | 0.038140 |
| Camarilla | 0.024285 | 0.025047 | 0.025808 | 0.026570 | 0.027332 | 0.028094 | 0.028855 |
| Woodie | 0.014105 | 0.016918 | 0.022415 | 0.025228 | 0.030725 | 0.033538 | 0.039035 |
| Fibonacci | 0.016470 | 0.019644 | 0.021606 | 0.024780 | 0.027954 | 0.029916 | 0.033090 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.018550 | 0.021240 | 0.023370 | 0.026060 | 0.028190 | 0.030880 | 0.033010 |
| Camarilla | 0.024175 | 0.024616 | 0.025058 | 0.025500 | 0.025942 | 0.026384 | 0.026826 |
| Woodie | 0.018270 | 0.021100 | 0.023090 | 0.025920 | 0.027910 | 0.030740 | 0.032730 |
| Fibonacci | 0.021240 | 0.023081 | 0.024219 | 0.026060 | 0.027901 | 0.029039 | 0.030880 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.29 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 16.015609 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.022620 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.021620 | |
| Elder Ray (13): | 0.001402 | |
| Super Trend (3,10): | 0.020757 | |
| Zig ZAG (10): | 0.024120 | |
| VORTEX (21): | 1.0208 | |
| Stochastique (14,3,5): | 53.36 | |
| TEMA (21): | 0.023798 | |
| Williams %R (14): | -49.81 | |
| Chande Momentum Oscillator (20): | 0.004770 | |
| Repulse (5,40,3): | -8.7112 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4393 | |
| Courbe Coppock: | 31.06 |
| MA7: | 0.024006 | |
| MA20: | 0.021770 | |
| MA50: | 0.024094 | |
| MA100: | 0.028641 | |
| MAexp7: | 0.023769 | |
| MAexp20: | 0.022966 | |
| MAexp50: | 0.024490 | |
| MAexp100: | 0.026466 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | +10.43% | |
| Price / MA50: | -0.22% | |
| Price / MA100: | -16.06% | |
| Price / MAexp7: | +1.14% | |
| Price / MAexp20: | +4.68% | |
| Price / MAexp50: | -1.84% | |
| Price / MAexp100: | -9.17% |
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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