KYBER NETWORK CRYSTAL - KNC/USD - 1H - Technical analysis published on 06/13/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.790000 USD
My targets
0.820000 USD (+2.50%)
0.836667 USD (+4.58%)
My analysis
The bullish trend is currently very strong on KYBER NETWORK CRYSTAL V2 - KNC/USD. As long as the price remains above the support at 0.790000 USD, you could try to benefit from the boom. The first bullish objective is located at 0.820000 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.836667 USD as an objective. Crossing it would then enable buyers to target 0.920000 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
KYBER NETWORK CRYSTAL V2 - KNC/USD rating 0.800000 USD. The price has increased by +2.56% since the last closing with the lowest point at 0.760000 USD and the highest point at 0.810000 USD. The deviation from the price is +5.26% for the low point and -1.23% for the high point.0.760000
0.810000
0.800000
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of KYBER NETWORK CRYSTAL V2 - KNC/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high 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 : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.730000 | 0.770000 | 0.790000 | 0.800000 | 0.820000 | 0.920000 | 1.130000 |
| Change (%) | -8.75% | -3.75% | -1.25% | - | +2.50% | +15.00% | +41.25% |
| Change | -0.070000 | -0.030000 | -0.010000 | - | +0.020000 | +0.120000 | +0.330000 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
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 | 0.643333 | 0.686667 | 0.733333 | 0.776667 | 0.823333 | 0.866667 | 0.913333 |
| Camarilla | 0.755250 | 0.763500 | 0.771750 | 0.780000 | 0.788250 | 0.796500 | 0.804750 |
| Woodie | 0.645000 | 0.687500 | 0.735000 | 0.777500 | 0.825000 | 0.867500 | 0.915000 |
| Fibonacci | 0.686667 | 0.721047 | 0.742287 | 0.776667 | 0.811047 | 0.832287 | 0.866667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.453333 | 0.536667 | 0.603333 | 0.686667 | 0.753333 | 0.836667 | 0.903333 |
| Camarilla | 0.628750 | 0.642500 | 0.656250 | 0.670000 | 0.683750 | 0.697500 | 0.711250 |
| Woodie | 0.445000 | 0.532500 | 0.595000 | 0.682500 | 0.745000 | 0.832500 | 0.895000 |
| Fibonacci | 0.536667 | 0.593967 | 0.629367 | 0.686667 | 0.743967 | 0.779367 | 0.836667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.316667 | 0.423333 | 0.536667 | 0.643333 | 0.756667 | 0.863333 | 0.976667 |
| Camarilla | 0.589500 | 0.609667 | 0.629833 | 0.650000 | 0.670167 | 0.690333 | 0.710500 |
| Woodie | 0.320000 | 0.425000 | 0.540000 | 0.645000 | 0.760000 | 0.865000 | 0.980000 |
| Fibonacci | 0.423333 | 0.507373 | 0.559293 | 0.643333 | 0.727373 | 0.779293 | 0.863333 |
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): | 56.86 | |
| MACD (12,26,9): | 0.0049 | |
| Directional Movement: | 17.241534 | |
| AROON (14): | -7.142857 | |
| DEMA (21): | 0.790967 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.804535 | |
| Elder Ray (13): | 0.009118 | |
| Super Trend (3,10): | 0.759396 | |
| Zig ZAG (10): | 0.800000 | |
| VORTEX (21): | 1.0968 | |
| Stochastique (14,3,5): | 73.33 | |
| TEMA (21): | 0.792086 | |
| Williams %R (14): | -20.00 | |
| Chande Momentum Oscillator (20): | 0.010000 | |
| Repulse (5,40,3): | 1.3083 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1085 | |
| Courbe Coppock: | 1.22 |
| MA7: | 0.745714 | |
| MA20: | 0.692500 | |
| MA50: | 0.631400 | |
| MA100: | 0.708000 | |
| MAexp7: | 0.790840 | |
| MAexp20: | 0.783632 | |
| MAexp50: | 0.771688 | |
| MAexp100: | 0.754944 | |
| Price / MA7: | +7.28% | |
| Price / MA20: | +15.52% | |
| Price / MA50: | +26.70% | |
| Price / MA100: | +12.99% | |
| Price / MAexp7: | +1.16% | |
| Price / MAexp20: | +2.09% | |
| Price / MAexp50: | +3.67% | |
| Price / MAexp100: | +5.97% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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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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