STATUS NETWORK TOKEN - SNT/USD - 1H - Technical analysis published on 08/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
0%
50%
My opinion
Bearish under 0.021389 USD
My targets
0.020233 USD (-2.36%)
0.019574 USD (-5.54%)
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 STATUS NETWORK TOKEN - SNT/USD. As long as you are under the resistance located at 0.021389 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.020233 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 0.019574 USD as an objective. If the resistance 0.021389 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
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STATUS NETWORK TOKEN - SNT/USD rating is 0.020723 USD. On the day, this instrument lost -0.10% and was between 0.020221 USD and 0.021026 USD. This implies that the price is at +2.48% from its lowest and at -1.44% from its highest.0.020221
0.021026
0.020723
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of STATUS NETWORK TOKEN - SNT/USD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.019574 | 0.020233 | 0.020599 | 0.020723 | 0.021389 | 0.022566 | 0.023714 |
| Change (%) | -5.54% | -2.36% | -0.60% | - | +3.21% | +8.89% | +14.43% |
| Change | -0.001149 | -0.000490 | -0.000124 | - | +0.000666 | +0.001843 | +0.002991 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.018296 | 0.019033 | 0.019888 | 0.020625 | 0.021480 | 0.022217 | 0.023072 |
| Camarilla | 0.020306 | 0.020452 | 0.020598 | 0.020744 | 0.020890 | 0.021036 | 0.021182 |
| Woodie | 0.018356 | 0.019063 | 0.019948 | 0.020655 | 0.021540 | 0.022247 | 0.023132 |
| Fibonacci | 0.019033 | 0.019641 | 0.020017 | 0.020625 | 0.021233 | 0.021609 | 0.022217 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.016329 | 0.018005 | 0.019375 | 0.021051 | 0.022421 | 0.024097 | 0.025467 |
| Camarilla | 0.019906 | 0.020186 | 0.020465 | 0.020744 | 0.021023 | 0.021302 | 0.021582 |
| Woodie | 0.016175 | 0.017929 | 0.019221 | 0.020975 | 0.022267 | 0.024021 | 0.025313 |
| Fibonacci | 0.018005 | 0.019169 | 0.019888 | 0.021051 | 0.022215 | 0.022934 | 0.024097 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.010069 | 0.014169 | 0.019169 | 0.023269 | 0.028269 | 0.032369 | 0.037369 |
| Camarilla | 0.021667 | 0.022501 | 0.023335 | 0.024169 | 0.025003 | 0.025837 | 0.026672 |
| Woodie | 0.010519 | 0.014394 | 0.019619 | 0.023494 | 0.028719 | 0.032594 | 0.037819 |
| Fibonacci | 0.014169 | 0.017645 | 0.019793 | 0.023269 | 0.026745 | 0.028893 | 0.032369 |
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): | 50.66 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 2.785158 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.020640 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.020058 | |
| Elder Ray (13): | -0.000078 | |
| Super Trend (3,10): | 0.019321 | |
| Zig ZAG (10): | 0.020798 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 71.04 | |
| TEMA (21): | 0.020699 | |
| Williams %R (14): | -23.23 | |
| Chande Momentum Oscillator (20): | 0.000041 | |
| Repulse (5,40,3): | 2.5224 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0232 | |
| Courbe Coppock: | 0.23 |
| MA7: | 0.020827 | |
| MA20: | 0.021070 | |
| MA50: | 0.022653 | |
| MA100: | 0.027611 | |
| MAexp7: | 0.020701 | |
| MAexp20: | 0.020702 | |
| MAexp50: | 0.020754 | |
| MAexp100: | 0.020805 | |
| Price / MA7: | -0.50% | |
| Price / MA20: | -1.65% | |
| Price / MA50: | -8.52% | |
| Price / MA100: | -24.95% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.39% |
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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