KYBER NETWORK CRYSTAL - KNC/USDT
KYBER NETWORK CRYSTAL - KNC/USDT
- USDT (-)
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Type: Cryptocurrencies
Ticker: KNCUSDT
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KYBER NETWORK CRYSTAL - KNC/USDT - 1H - Technical analysis published on 08/05/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 1.53 USDT
My targets
1.67 USDT (+4.38%)
1.74 USDT (+8.75%)
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 KYBER NETWORK - KNC/USDT. As long as you are above the support located at 1.53 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.67 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.74 USDT as an objective. Crossing it would then enable buyers to target 1.88 USDT. If the support 1.53 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

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
4.5

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

The KYBER NETWORK - KNC/USDT rating is 1.60 USDT. The price is lower by -2.44% since the last closing and was traded between 1.59 USDT and 1.66 USDT over the period. The price is currently at +0.63% from its lowest and -3.61% from its highest.

1.59
1.66
1.60

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this 1H chart of KYBER NETWORK - KNC/USDT indicates that the overall trend is bullish. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour


Near horizontal support

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.44 1.52 1.60 1.60 1.67 1.74 1.88
Change (%) -10.00% -5.00% 0% - +4.38% +8.75% +17.50%
Change -0.16 -0.08 0 - +0.07 +0.14 +0.28
Level Intermediate Intermediate Intermediate - Intermediate 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
Standard1.411.471.551.611.691.751.83
Camarilla1.601.611.631.641.651.671.68
Woodie1.431.481.571.621.711.761.85
Fibonacci1.471.521.551.611.661.691.75


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.051.181.401.531.751.882.10
Camarilla1.531.571.601.631.661.691.73
Woodie1.111.201.461.551.811.902.16
Fibonacci1.181.311.391.531.661.741.88


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.590.861.241.511.892.162.54
Camarilla1.451.511.571.631.691.751.81
Woodie0.660.891.311.541.962.192.61
Fibonacci0.861.111.261.511.761.912.16

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): 53.87
MACD (12,26,9): 0.0100
Directional Movement: 13.98
AROON (14): -57.15
DEMA (21): 1.61
Parabolic SAR (0,02-0,02-0,2): 1.59
Elder Ray (13): 0.01
Super Trend (3,10): 1.58
Zig ZAG (10): 1.61
VORTEX (21): 1.0200
Stochastique (14,3,5): 34.55
TEMA (21): 1.62
Williams %R (14): -47.95
Chande Momentum Oscillator (20): 0.02
Repulse (5,40,3): 0.9000
ROCnROLL: 1
TRIX (15,9): 0.0800
Courbe Coppock: 1.55
MA7: 1.60
MA20: 1.43
MA50: 1.48
MA100: 1.96
MAexp7: 1.61
MAexp20: 1.60
MAexp50: 1.59
MAexp100: 1.58
Price / MA7: -0%
Price / MA20: +11.89%
Price / MA50: +8.11%
Price / MA100: -18.37%
Price / MAexp7: -0.62%
Price / MAexp20: -0%
Price / MAexp50: +0.63%
Price / MAexp100: +1.27%

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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