NANO - XNO/USD - Daily - Technical analysis published on 07/07/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 0.960000 USD
My targets
1.050000 USD (+3.96%)
1.150000 USD (+13.86%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NANO - NANO/USD as long as the price remains well above 0.960000 USD. The buyers” bullish objective is set at 1.050000 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.150000 USD. If there is any crossing, the next objective would be the resistance located at 1.230000 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NANO - NANO/USD rating is 1.010000 USD. On the day, this instrument gained +4.12% and was traded between 0.970000 USD and 1.040000 USD over the period. The price is currently at +4.12% from its lowest and -2.88% from its highest.0.970000
1.040000
1.010000
Here is a more detailed summary of the historical variations registered by NANO - NANO/USD:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of NANO - NANO/USD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.740000 | 0.870000 | 0.960000 | 1.010000 | 1.050000 | 1.150000 | 1.230000 |
| Change (%) | -26.73% | -13.86% | -4.95% | - | +3.96% | +13.86% | +21.78% |
| Change | -0.270000 | -0.140000 | -0.050000 | - | +0.040000 | +0.140000 | +0.220000 |
| Level | Minor | Major | Intermediate | - | Minor | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.890000 | 0.910000 | 0.940000 | 0.960000 | 0.990000 | 1.010000 | 1.040000 |
| Camarilla | 0.956250 | 0.960833 | 0.965417 | 0.970000 | 0.974583 | 0.979167 | 0.983750 |
| Woodie | 0.895000 | 0.912500 | 0.945000 | 0.962500 | 0.995000 | 1.012500 | 1.045000 |
| Fibonacci | 0.910000 | 0.929100 | 0.940900 | 0.960000 | 0.979100 | 0.990900 | 1.010000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.806667 | 0.853333 | 0.906667 | 0.953333 | 1.006667 | 1.053333 | 1.106667 |
| Camarilla | 0.932500 | 0.941667 | 0.950833 | 0.960000 | 0.969167 | 0.978333 | 0.987500 |
| Woodie | 0.810000 | 0.855000 | 0.910000 | 0.955000 | 1.010000 | 1.055000 | 1.110000 |
| Fibonacci | 0.853333 | 0.891533 | 0.915133 | 0.953333 | 0.991533 | 1.015133 | 1.053333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.260000 | 0.550000 | 0.740000 | 1.030000 | 1.220000 | 1.510000 | 1.700000 |
| Camarilla | 0.798000 | 0.842000 | 0.886000 | 0.930000 | 0.974000 | 1.018000 | 1.062000 |
| Woodie | 0.210000 | 0.525000 | 0.690000 | 1.005000 | 1.170000 | 1.485000 | 1.650000 |
| Fibonacci | 0.550000 | 0.733360 | 0.846640 | 1.030000 | 1.213360 | 1.326640 | 1.510000 |
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): | 51.13 | |
| MACD (12,26,9): | -0.0180 | |
| Directional Movement: | 1.021279 | |
| AROON (14): | -28.571428 | |
| DEMA (21): | 0.982307 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.231341 | |
| Elder Ray (13): | 0.021185 | |
| Super Trend (3,10): | 1.195184 | |
| Zig ZAG (10): | 1.010000 | |
| VORTEX (21): | 0.9543 | |
| Stochastique (14,3,5): | 32.83 | |
| TEMA (21): | 0.934806 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.080000 | |
| Repulse (5,40,3): | 4.9797 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1277 | |
| Courbe Coppock: | 26.88 |
| MA7: | 0.954286 | |
| MA20: | 1.023500 | |
| MA50: | 1.001200 | |
| MA100: | 0.802700 | |
| MAexp7: | 0.968392 | |
| MAexp20: | 0.996509 | |
| MAexp50: | 0.960910 | |
| MAexp100: | 0.876826 | |
| Price / MA7: | +5.84% | |
| Price / MA20: | -1.32% | |
| Price / MA50: | +0.88% | |
| Price / MA100: | +25.83% | |
| Price / MAexp7: | +4.30% | |
| Price / MAexp20: | +1.35% | |
| Price / MAexp50: | +5.11% | |
| Price / MAexp100: | +15.19% |
Quotes :
2020-07-07 12:35:13
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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.
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