NKN - NKN/USDT - Daily - Technical analysis published on 08/07/2022 (GMT)
- 227
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.111440 USDT
My targets
0.128700 USDT (+12.21%)
0.146260 USDT (+27.52%)
My analysis
NKN - NKN/USDT is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 0.111440 USDT, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 0.128700 USDT. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 0.146260 USDT would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 0.172800 USDT. Beware of a possible return to under the support located at 0.111440 USDT which would be the sign of a correction of the bullish excesses registered in the short term.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by blade110. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NKN - NKN/USDT price is 0.114700 USDT. The price registered an increase of +1.50% on the session and was traded between 0.111000 USDT and 0.114900 USDT over the period. The price is currently at +3.33% from its lowest and -0.17% from its highest.0.111000
0.114900
0.114700
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NKN - NKN/USDT:
Technical
A technical analysis in Daily of this NKN - NKN/USDT chart shows a slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
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 | 0.069463 | 0.093043 | 0.114700 | 0.128700 | 0.172800 | 0.275700 |
| Change (%) | -39.44% | -18.88% | - | +12.21% | +50.65% | +140.37% |
| Change | -0.045237 | -0.021657 | - | +0.014000 | +0.058100 | +0.161000 |
| Level | Intermediate | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.099833 | 0.105667 | 0.109333 | 0.115167 | 0.118833 | 0.124667 | 0.128333 |
| Camarilla | 0.110388 | 0.111258 | 0.112129 | 0.113000 | 0.113871 | 0.114742 | 0.115613 |
| Woodie | 0.098750 | 0.105125 | 0.108250 | 0.114625 | 0.117750 | 0.124125 | 0.127250 |
| Fibonacci | 0.105667 | 0.109296 | 0.111538 | 0.115167 | 0.118796 | 0.121038 | 0.124667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.073767 | 0.087133 | 0.100067 | 0.113433 | 0.126367 | 0.139733 | 0.152667 |
| Camarilla | 0.105768 | 0.108178 | 0.110589 | 0.113000 | 0.115411 | 0.117822 | 0.120233 |
| Woodie | 0.073550 | 0.087025 | 0.099850 | 0.113325 | 0.126150 | 0.139625 | 0.152450 |
| Fibonacci | 0.087133 | 0.097180 | 0.103387 | 0.113433 | 0.123480 | 0.129687 | 0.139733 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.001100 | 0.037760 | 0.072580 | 0.111440 | 0.146260 | 0.185120 | 0.219940 |
| Camarilla | 0.087138 | 0.093892 | 0.100646 | 0.107400 | 0.114154 | 0.120908 | 0.127662 |
| Woodie | -0.003120 | 0.036750 | 0.070560 | 0.110430 | 0.144240 | 0.184110 | 0.217920 |
| Fibonacci | 0.037760 | 0.065906 | 0.083294 | 0.111440 | 0.139586 | 0.156974 | 0.185120 |
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): | 59.32 | |
| MACD (12,26,9): | 0.0038 | |
| Directional Movement: | 18.871076 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.111416 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.137254 | |
| Elder Ray (13): | 0.004447 | |
| Super Trend (3,10): | 0.086715 | |
| Zig ZAG (10): | 0.114300 | |
| VORTEX (21): | 1.0135 | |
| Stochastique (14,3,5): | 65.41 | |
| TEMA (21): | 0.112848 | |
| Williams %R (14): | -33.69 | |
| Chande Momentum Oscillator (20): | 0.020060 | |
| Repulse (5,40,3): | 2.8759 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4966 | |
| Courbe Coppock: | 14.33 |
| MA7: | 0.109900 | |
| MA20: | 0.106002 | |
| MA50: | 0.098361 | |
| MA100: | 0.101313 | |
| MAexp7: | 0.110756 | |
| MAexp20: | 0.106483 | |
| MAexp50: | 0.103537 | |
| MAexp100: | 0.119642 | |
| Price / MA7: | +4.37% | |
| Price / MA20: | +8.21% | |
| Price / MA50: | +16.61% | |
| Price / MA100: | +13.21% | |
| Price / MAexp7: | +3.56% | |
| Price / MAexp20: | +7.72% | |
| Price / MAexp50: | +10.78% | |
| Price / MAexp100: | -4.13% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis NKN - NKN/USDT - Daily