KYBER NETWORK CRYSTAL V2 - KNC/USD - 1H - Technical analysis published on 06/24/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.536316 USD
My targets
0.580000 USD (+5.45%)
0.630000 USD (+14.55%)
My analysis
The strong short-term increase in KYBER NETWORK CRYSTAL V2 - KNC/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.536316 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.580000 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.630000 USD as an objective. Crossing it would then enable buyers to target 0.710000 USD. Caution, a return under 0.536316 USD could jeopardize the reversal.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
2.7
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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 0.550000 USD. On the day, this instrument gained +1.85% and was traded between 0.540000 USD and 0.550000 USD over the period. The price is currently at +1.85% from its lowest and 0% from its highest.0.540000
0.550000
0.550000
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
Technical
Technical analysis of this 1H chart of KYBER NETWORK CRYSTAL V2 - KNC/USD indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.510000 | 0.536316 | 0.550000 | 0.580000 | 0.630000 | 0.710000 |
| Change (%) | -7.27% | -2.49% | - | +5.45% | +14.55% | +29.09% |
| Change | -0.040000 | -0.013684 | - | +0.030000 | +0.080000 | +0.160000 |
| Level | Minor | Major | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.510000 | 0.520000 | 0.530000 | 0.540000 | 0.550000 | 0.560000 | 0.570000 |
| Camarilla | 0.534500 | 0.536333 | 0.538167 | 0.540000 | 0.541833 | 0.543667 | 0.545500 |
| Woodie | 0.510000 | 0.520000 | 0.530000 | 0.540000 | 0.550000 | 0.560000 | 0.570000 |
| Fibonacci | 0.520000 | 0.527640 | 0.532360 | 0.540000 | 0.547640 | 0.552360 | 0.560000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.163333 | 0.336667 | 0.443333 | 0.616667 | 0.723333 | 0.896667 | 1.003333 |
| Camarilla | 0.473000 | 0.498667 | 0.524333 | 0.550000 | 0.575667 | 0.601333 | 0.627000 |
| Woodie | 0.130000 | 0.320000 | 0.410000 | 0.600000 | 0.690000 | 0.880000 | 0.970000 |
| Fibonacci | 0.336667 | 0.443627 | 0.509707 | 0.616667 | 0.723627 | 0.789707 | 0.896667 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.64 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -6.244186 | |
| AROON (14): | -14.285714 | |
| DEMA (21): | 0.541573 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.553780 | |
| Elder Ray (13): | 0.001787 | |
| Super Trend (3,10): | 0.526975 | |
| Zig ZAG (10): | 0.550000 | |
| VORTEX (21): | 0.9231 | |
| Stochastique (14,3,5): | 83.33 | |
| TEMA (21): | 0.542503 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.010000 | |
| Repulse (5,40,3): | 2.4712 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0678 | |
| Courbe Coppock: | 1.30 |
| MA7: | 0.555714 | |
| MA20: | 0.664000 | |
| MA50: | 0.635200 | |
| MA100: | 0.671700 | |
| MAexp7: | 0.541434 | |
| MAexp20: | 0.543716 | |
| MAexp50: | 0.547930 | |
| MAexp100: | 0.561393 | |
| Price / MA7: | -1.03% | |
| Price / MA20: | -17.17% | |
| Price / MA50: | -13.41% | |
| Price / MA100: | -18.12% | |
| Price / MAexp7: | +1.58% | |
| Price / MAexp20: | +1.16% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | -2.03% |
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.
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