NERVOS NETWORK - CKB/USDT

- USDT (-)

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Type:	Cryptocurrencies
Ticker:	CKBUSDT
ISIN:

NERVOS NETWORK - CKB/USDT - Daily - Technical analysis published on 01/30/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 0.003763 USDT

My targets

0.004843 USDT (+16.99%)

0.005489 USDT (+32.58%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NERVOS NETWORK - CKB/USDT as long as the price remains well above 0.003763 USDT. The buyers' bullish objective is set at 0.004843 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.005489 USDT. If there is any crossing, the next objective would be the resistance located at 0.006416 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

7.1

Comment on the analysis

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 MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NERVOS NETWORK - CKB/USDT price is 0.004140 USDT. The price has increased by +25.23% since the last closing and was between 0.003287 USDT and 0.004288 USDT. This implies that the price is at +25.95% from its lowest and at -3.45% from its highest.

0.003287

0.004288

0.004140

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on NERVOS NETWORK - CKB/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this NERVOS NETWORK - CKB/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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 resistance is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

White marubozu

Type : Bullish

Timeframe : Daily

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.003471	0.003763	0.004105	0.004140	0.006416	0.011663	0.020070
Change (%)	-16.16%	-9.11%	-0.85%	-	+54.98%	+181.71%	+384.78%
Change	-0.000669	-0.000377	-0.000035	-	+0.002276	+0.007523	+0.015930
Level	Minor	Intermediate	Intermediate	-	Minor	Minor	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	0.003091	0.003136	0.003221	0.003266	0.003351	0.003396	0.003481
Camarilla	0.003270	0.003282	0.003294	0.003306	0.003318	0.003330	0.003342
Woodie	0.003111	0.003146	0.003241	0.003276	0.003371	0.003406	0.003501
Fibonacci	0.003136	0.003186	0.003216	0.003266	0.003316	0.003346	0.003396

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.002477	0.002671	0.002970	0.003164	0.003463	0.003657	0.003956
Camarilla	0.003134	0.003180	0.003225	0.003270	0.003315	0.003360	0.003406
Woodie	0.002531	0.002697	0.003024	0.003190	0.003517	0.003683	0.004010
Fibonacci	0.002671	0.002859	0.002975	0.003164	0.003352	0.003468	0.003657

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.002141	0.002611	0.003257	0.003727	0.004373	0.004843	0.005489
Camarilla	0.003595	0.003697	0.003800	0.003902	0.004004	0.004107	0.004209
Woodie	0.002228	0.002655	0.003344	0.003771	0.004460	0.004887	0.005576
Fibonacci	0.002611	0.003038	0.003301	0.003727	0.004154	0.004417	0.004843

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):	72.59
MACD (12,26,9):	0.0000
Directional Movement:	21.968569
AROON (14):	50.000000
DEMA (21):	0.003344
Parabolic SAR (0,02-0,02-0,2):	0.002864
Elder Ray (13):	0.000415
Super Trend (3,10):	0.002982
Zig ZAG (10):	0.004228
VORTEX (21):	1.0443
Stochastique (14,3,5):	74.46
TEMA (21):	0.003411
Williams %R (14):	-3.16
Chande Momentum Oscillator (20):	0.000969
Repulse (5,40,3):	32.1935
ROCnROLL:	1
TRIX (15,9):	-0.3133
Courbe Coppock:	6.80

MA7:	0.003358
MA20:	0.003287
MA50:	0.003447
MA100:	0.003391
MAexp7:	0.003474
MAexp20:	0.003359
MAexp50:	0.003380
MAexp100:	0.003319
Price / MA7:	+23.29%
Price / MA20:	+25.95%
Price / MA50:	+20.10%
Price / MA100:	+22.09%
Price / MAexp7:	+19.17%
Price / MAexp20:	+23.25%
Price / MAexp50:	+22.49%
Price / MAexp100:	+24.74%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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