BANCOR - BNT/USDT
BANCOR - BNT/USDT
- USDT (-)
- Real time data - CoinMarketCap
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Type: Cryptocurrencies
Ticker: BNTUSDT
ISIN:

BANCOR - BNT/USDT - 15 min. - Technical analysis published on 08/26/2023 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.409700 USDT
My targets
0.402600 USDT (-1.25%)
0.396800 USDT (-2.67%)
My analysis
The bearish trend is currently very strong for BANCOR NETWORK TOKEN - BNT/USDT. As long as the price remains below the resistance at 0.409700 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.402600 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.396800 USDT as an objective. Crossing it would then enable sellers to target 0.389700 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.4

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 Blackord. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The BANCOR NETWORK TOKEN - BNT/USDT price is 0.407700 USDT. The price registered a decrease of -0.17% on the session and was traded between 0.406100 USDT and 0.414900 USDT over the period. The price is currently at +0.39% from its lowest and -1.74% from its highest.

0.406100
0.414900
0.407700

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by BANCOR NETWORK TOKEN - BNT/USDT:
Abnormal volumes on BANCOR NETWORK TOKEN - BNT/USDT were detected by the Central Volumes scanner:

Central Volumes

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 strongly bearish. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 15 minutes



In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 15 minutes



From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Central Candlesticks

White hanging man / hammer

Type : Neutral

Timeframe : 15 minutes


Doji

Type : Neutral

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.372050 0.379900 0.404125 0.407700 0.426300 0.442480 0.464300
Change (%) -8.74% -6.82% -0.88% - +4.56% +8.53% +13.88%
Change -0.035650 -0.027800 -0.003575 - +0.018600 +0.034780 +0.056600
Level Minor Minor Major - Intermediate Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.3897000.3968000.4026000.4097000.4155000.4226000.428400
Camarilla0.4048530.4060350.4072180.4084000.4095830.4107650.411948
Woodie0.3890500.3964750.4019500.4093750.4148500.4222750.427750
Fibonacci0.3968000.4017280.4047720.4097000.4146280.4176720.422600


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1900330.2849670.3466330.4415670.5032330.5981670.659833
Camarilla0.3652350.3795900.3939450.4083000.4226550.4370100.451365
Woodie0.1734000.2766500.3300000.4332500.4866000.5898500.643200
Fibonacci0.2849670.3447880.3817460.4415670.5013880.5383460.598167


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2953670.3325330.3519670.3891330.4085670.4457330.465167
Camarilla0.3558350.3610230.3662120.3714000.3765880.3817770.386965
Woodie0.2865000.3281000.3431000.3847000.3997000.4413000.456300
Fibonacci0.3325330.3541550.3675120.3891330.4107550.4241120.445733

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): 40.09
MACD (12,26,9): -0.0007
Directional Movement: -21.454656
AROON (14): -35.714286
DEMA (21): 0.406792
Parabolic SAR (0,02-0,02-0,2): 0.408555
Elder Ray (13): -0.000738
Super Trend (3,10): 0.409082
Zig ZAG (10): 0.406600
VORTEX (21): 0.7861
Stochastique (14,3,5): 8.33
TEMA (21): 0.406717
Williams %R (14): -78.57
Chande Momentum Oscillator (20): -0.000200
Repulse (5,40,3): -0.1688
ROCnROLL: 2
TRIX (15,9): -0.0221
Courbe Coppock: 0.35
MA7: 0.418100
MA20: 0.469690
MA50: 0.428064
MA100: 0.409041
MAexp7: 0.406979
MAexp20: 0.407791
MAexp50: 0.408813
MAexp100: 0.410022
Price / MA7: -2.49%
Price / MA20: -13.20%
Price / MA50: -4.76%
Price / MA100: -0.33%
Price / MAexp7: +0.18%
Price / MAexp20: -0.02%
Price / MAexp50: -0.27%
Price / MAexp100: -0.57%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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