BALANCER - BAL/USD - 1H - Technical analysis published on 08/22/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 5.70 USD
My targets
6.38 USD (+3.91%)
6.80 USD (+10.75%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on BALANCER - BAL/USD as long as the price remains well above 5.70 USD. The buyers' bullish objective is set at 6.38 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.80 USD. If there is any crossing, the next objective would be the resistance located at 7.39 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
5.5
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Additional analysis
Quotes
The BALANCER - BAL/USD price is 6.14 USD. On the day, this instrument lost -0.16% with the lowest point at 5.83 USD and the highest point at 6.26 USD. The deviation from the price is +5.32% for the low point and -1.92% for the high point.5.83
6.26
6.14
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 BALANCER - BAL/USD:
Technical
Technical analysis of BALANCER - BAL/USD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
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 | 4.11 | 5.62 | 6.14 | 6.38 | 7.39 | 9.61 |
| Change (%) | -33.06% | -8.47% | - | +3.91% | +20.36% | +56.51% |
| Change | -2.03 | -0.52 | - | +0.24 | +1.25 | +3.47 |
| Level | Major | 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 | 5.17 | 5.38 | 5.77 | 5.98 | 6.37 | 6.58 | 6.97 |
| Camarilla | 5.99 | 6.04 | 6.10 | 6.15 | 6.21 | 6.26 | 6.32 |
| Woodie | 5.25 | 5.43 | 5.85 | 6.03 | 6.45 | 6.63 | 7.05 |
| Fibonacci | 5.38 | 5.61 | 5.75 | 5.98 | 6.21 | 6.35 | 6.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.26 | 4.39 | 5.03 | 6.16 | 6.80 | 7.93 | 8.57 |
| Camarilla | 5.18 | 5.35 | 5.51 | 5.67 | 5.83 | 6.00 | 6.16 |
| Woodie | 3.02 | 4.27 | 4.79 | 6.04 | 6.56 | 7.81 | 8.33 |
| Fibonacci | 4.39 | 5.07 | 5.48 | 6.16 | 6.84 | 7.25 | 7.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.52 | 2.76 | 4.46 | 5.70 | 7.40 | 8.64 | 10.34 |
| Camarilla | 5.36 | 5.63 | 5.90 | 6.17 | 6.44 | 6.71 | 6.98 |
| Woodie | 1.76 | 2.88 | 4.70 | 5.82 | 7.64 | 8.76 | 10.58 |
| Fibonacci | 2.76 | 3.88 | 4.57 | 5.70 | 6.82 | 7.51 | 8.64 |
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): | 60.53 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 14.68 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 6.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.90 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 5.80 | |
| Zig ZAG (10): | 6.14 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 60.37 | |
| TEMA (21): | 6.05 | |
| Williams %R (14): | -28.21 | |
| Chande Momentum Oscillator (20): | 0.25 | |
| Repulse (5,40,3): | 0.5100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 0.34 |
| MA7: | 6.15 | |
| MA20: | 6.32 | |
| MA50: | 5.71 | |
| MA100: | 5.99 | |
| MAexp7: | 6.06 | |
| MAexp20: | 6.01 | |
| MAexp50: | 5.96 | |
| MAexp100: | 6.02 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | -2.85% | |
| Price / MA50: | +7.53% | |
| Price / MA100: | +2.50% | |
| Price / MAexp7: | +1.32% | |
| Price / MAexp20: | +2.16% | |
| Price / MAexp50: | +3.02% | |
| Price / MAexp100: | +1.99% |
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.
About author
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