NKN - NKN/USDT - 1H - Technical analysis published on 11/29/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.022139 USDT
My targets
0.022830 USDT (+1.06%)
0.030626 USDT (+35.57%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NKN - NKN/USDT as long as the price remains well above 0.022139 USDT. The buyers” bullish objective is set at 0.022830 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.030626 USDT. If there is any crossing, the next objective would be the resistance located at 0.043814 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.6
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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 NKN - NKN/USDT rating is 0.022590 USDT. The price has increased by +6.96% since the last closing and was between 0.021090 USDT and 0.023180 USDT. This implies that the price is at +7.11% from its lowest and at -2.55% from its highest.0.021090
0.023180
0.022590
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Technical
Technical analysis of this 1H chart of NKN - NKN/USDT indicates that the overall trend is strongly bullish. 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.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 0.019390 | 0.021065 | 0.022139 | 0.022590 | 0.022830 | 0.030626 | 0.043814 |
| Change (%) | -14.17% | -6.75% | -2.00% | - | +1.06% | +35.57% | +93.95% |
| Change | -0.003200 | -0.001525 | -0.000451 | - | +0.000240 | +0.008036 | +0.021224 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | 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 | 0.019660 | 0.020360 | 0.020740 | 0.021440 | 0.021820 | 0.022520 | 0.022900 |
| Camarilla | 0.020823 | 0.020922 | 0.021021 | 0.021120 | 0.021219 | 0.021318 | 0.021417 |
| Woodie | 0.019500 | 0.020280 | 0.020580 | 0.021360 | 0.021660 | 0.022440 | 0.022740 |
| Fibonacci | 0.020360 | 0.020773 | 0.021027 | 0.021440 | 0.021853 | 0.022107 | 0.022520 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.005887 | 0.012103 | 0.016457 | 0.022673 | 0.027027 | 0.033243 | 0.037597 |
| Camarilla | 0.017903 | 0.018872 | 0.019841 | 0.020810 | 0.021779 | 0.022748 | 0.023717 |
| Woodie | 0.004955 | 0.011638 | 0.015525 | 0.022208 | 0.026095 | 0.032778 | 0.036665 |
| Fibonacci | 0.012103 | 0.016141 | 0.018636 | 0.022673 | 0.026711 | 0.029206 | 0.033243 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.024447 | -0.002423 | 0.011803 | 0.033827 | 0.048053 | 0.070077 | 0.084303 |
| Camarilla | 0.016061 | 0.019384 | 0.022707 | 0.026030 | 0.029353 | 0.032676 | 0.035999 |
| Woodie | -0.028345 | -0.004373 | 0.007905 | 0.031878 | 0.044155 | 0.068128 | 0.080405 |
| Fibonacci | -0.002423 | 0.011424 | 0.019979 | 0.033827 | 0.047674 | 0.056229 | 0.070077 |
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): | 61.57 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 22.672760 | |
| AROON (14): | 92.857140 | |
| DEMA (21): | 0.022293 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.021540 | |
| Elder Ray (13): | 0.000614 | |
| Super Trend (3,10): | 0.021497 | |
| Zig ZAG (10): | 0.022630 | |
| VORTEX (21): | 1.1434 | |
| Stochastique (14,3,5): | 84.39 | |
| TEMA (21): | 0.022477 | |
| Williams %R (14): | -25.84 | |
| Chande Momentum Oscillator (20): | 0.001430 | |
| Repulse (5,40,3): | 1.6389 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1066 | |
| Courbe Coppock: | 8.20 |
| MA7: | 0.020839 | |
| MA20: | 0.024800 | |
| MA50: | 0.028355 | |
| MA100: | 0.026603 | |
| MAexp7: | 0.022386 | |
| MAexp20: | 0.021945 | |
| MAexp50: | 0.021561 | |
| MAexp100: | 0.021243 | |
| Price / MA7: | +8.40% | |
| Price / MA20: | -8.91% | |
| Price / MA50: | -20.33% | |
| Price / MA100: | -15.08% | |
| Price / MAexp7: | +0.91% | |
| Price / MAexp20: | +2.94% | |
| Price / MAexp50: | +4.77% | |
| Price / MAexp100: | +6.34% |
This member declared not having a position on this financial instrument or a related financial instrument.
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