NANO - NANO/USD - Daily - Technical analysis published on 03/06/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 4.35 USD
My targets
5.84 USD (+14.29%)
6.78 USD (+32.68%)
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 NANO - NANO/USD. As long as you are above the support located at 4.35 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 5.84 USD 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 6.78 USD as an objective. Crossing it would then enable buyers to target 7.43 USD. If the support 4.35 USD 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.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
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
NANO - NANO/USD rating 5.11 USD. The price is lower by -0.97% since the last closing and was traded between 5.00 USD and 5.25 USD over the period. The price is currently at +2.20% from its lowest and -2.67% from its highest.5.00
5.25
5.11
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 7 are neutral and 7 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.89 | 3.58 | 4.35 | 5.11 | 5.84 | 6.78 | 7.43 |
| Change (%) | -43.44% | -29.94% | -14.87% | - | +14.29% | +32.68% | +45.40% |
| Change | -2.22 | -1.53 | -0.76 | - | +0.73 | +1.67 | +2.32 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 4.21 | 4.50 | 4.83 | 5.12 | 5.45 | 5.74 | 6.07 |
| Camarilla | 4.99 | 5.05 | 5.10 | 5.16 | 5.22 | 5.27 | 5.33 |
| Woodie | 4.23 | 4.51 | 4.85 | 5.13 | 5.47 | 5.75 | 6.09 |
| Fibonacci | 4.50 | 4.74 | 4.88 | 5.12 | 5.36 | 5.50 | 5.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.80 | 2.48 | 3.83 | 5.51 | 6.86 | 8.54 | 9.89 |
| Camarilla | 4.35 | 4.62 | 4.90 | 5.18 | 5.46 | 5.74 | 6.01 |
| Woodie | 0.64 | 2.40 | 3.67 | 5.43 | 6.70 | 8.46 | 9.73 |
| Fibonacci | 2.48 | 3.64 | 4.35 | 5.51 | 6.67 | 7.38 | 8.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.90 | 0.67 | 2.81 | 5.38 | 7.52 | 10.09 | 12.23 |
| Camarilla | 3.66 | 4.09 | 4.52 | 4.95 | 5.38 | 5.81 | 6.25 |
| Woodie | -2.12 | 0.56 | 2.60 | 5.27 | 7.31 | 9.98 | 12.02 |
| Fibonacci | 0.67 | 2.47 | 3.58 | 5.38 | 7.18 | 8.29 | 10.09 |
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): | 47.68 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | -3.49 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 5.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.54 | |
| Elder Ray (13): | -0.22 | |
| Super Trend (3,10): | 4.27 | |
| Zig ZAG (10): | 5.08 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 29.43 | |
| TEMA (21): | 5.15 | |
| Williams %R (14): | -69.31 | |
| Chande Momentum Oscillator (20): | -1.24 | |
| Repulse (5,40,3): | -3.6900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.7200 | |
| Courbe Coppock: | 41.94 |
| MA7: | 5.16 | |
| MA20: | 5.82 | |
| MA50: | 4.67 | |
| MA100: | 3.12 | |
| MAexp7: | 5.21 | |
| MAexp20: | 5.36 | |
| MAexp50: | 4.68 | |
| MAexp100: | 3.64 | |
| Price / MA7: | -0.97% | |
| Price / MA20: | -12.20% | |
| Price / MA50: | +9.42% | |
| Price / MA100: | +63.78% | |
| Price / MAexp7: | -1.92% | |
| Price / MAexp20: | -4.66% | |
| Price / MAexp50: | +9.19% | |
| Price / MAexp100: | +40.38% |
Quotes :
2021-03-06 16:31:12
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Real time data
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