BANCOR NETWORK TOKEN - BNT/USDT - 15 min. - Technical analysis published on 08/12/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.515633 USDT
My targets
0.567967 USDT (+5.61%)
0.614933 USDT (+14.34%)
My analysis
BANCOR NETWORK TOKEN - BNT/USDT is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 0.515633 USDT, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 0.567967 USDT. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 0.614933 USDT would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 0.678167 USDT. Beware of a possible return to under the support located at 0.515633 USDT which would be the sign of a correction of the bullish excesses registered in the short term.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.5
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This analysis was given by adhemar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BANCOR NETWORK TOKEN - BNT/USDT price is 0.537800 USDT. The price registered a decrease of -2.52% on the session and was between 0.519900 USDT and 0.558600 USDT. This implies that the price is at +3.44% from its lowest and at -3.72% from its highest.0.519900
0.558600
0.537800
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
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 15 min. chart of BANCOR NETWORK TOKEN - BNT/USDT indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 15 minutes
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
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 : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.344200 | 0.413222 | 0.483380 | 0.537800 | 0.547333 | 0.588200 | 0.620960 |
| Change (%) | -36.00% | -23.16% | -10.12% | - | +1.77% | +9.37% | +15.46% |
| Change | -0.193600 | -0.124578 | -0.054420 | - | +0.009533 | +0.050400 | +0.083160 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.394533 | 0.457767 | 0.504733 | 0.567967 | 0.614933 | 0.678167 | 0.725133 |
| Camarilla | 0.521395 | 0.531497 | 0.541598 | 0.551700 | 0.561802 | 0.571903 | 0.582005 |
| Woodie | 0.386400 | 0.453700 | 0.496600 | 0.563900 | 0.606800 | 0.674100 | 0.717000 |
| Fibonacci | 0.457767 | 0.499863 | 0.525870 | 0.567967 | 0.610063 | 0.636070 | 0.678167 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.151667 | 0.254833 | 0.412467 | 0.515633 | 0.673267 | 0.776433 | 0.934067 |
| Camarilla | 0.498380 | 0.522287 | 0.546193 | 0.570100 | 0.594007 | 0.617913 | 0.641820 |
| Woodie | 0.178900 | 0.268450 | 0.439700 | 0.529250 | 0.700500 | 0.790050 | 0.961300 |
| Fibonacci | 0.254833 | 0.354459 | 0.416008 | 0.515633 | 0.615259 | 0.676808 | 0.776433 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.295367 | 0.332533 | 0.351967 | 0.389133 | 0.408567 | 0.445733 | 0.465167 |
| Camarilla | 0.355835 | 0.361023 | 0.366212 | 0.371400 | 0.376588 | 0.381777 | 0.386965 |
| Woodie | 0.286500 | 0.328100 | 0.343100 | 0.384700 | 0.399700 | 0.441300 | 0.456300 |
| Fibonacci | 0.332533 | 0.354155 | 0.367512 | 0.389133 | 0.410755 | 0.424112 | 0.445733 |
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): | 58.01 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 17.088862 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.534089 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.528657 | |
| Elder Ray (13): | 0.005710 | |
| Super Trend (3,10): | 0.525884 | |
| Zig ZAG (10): | 0.540000 | |
| VORTEX (21): | 1.0962 | |
| Stochastique (14,3,5): | 82.57 | |
| TEMA (21): | 0.537117 | |
| Williams %R (14): | -13.39 | |
| Chande Momentum Oscillator (20): | 0.013500 | |
| Repulse (5,40,3): | 0.7550 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0373 | |
| Courbe Coppock: | 3.06 |
| MA7: | 0.557714 | |
| MA20: | 0.457525 | |
| MA50: | 0.417216 | |
| MA100: | 0.409417 | |
| MAexp7: | 0.537106 | |
| MAexp20: | 0.534010 | |
| MAexp50: | 0.535900 | |
| MAexp100: | 0.540721 | |
| Price / MA7: | -3.57% | |
| Price / MA20: | +17.55% | |
| Price / MA50: | +28.90% | |
| Price / MA100: | +31.36% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.71% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | -0.54% |
Quotes :
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Real time data
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