BALANCER - BAL/USD - 1H - Technical analysis published on 11/24/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 6.10 USD
My targets
6.36 USD (+1.60%)
6.51 USD (+4.04%)
My analysis
The bullish trend is currently very strong on BALANCER - BAL/USD. As long as the price remains above the support at 6.10 USD, you could try to benefit from the boom. The first bullish objective is located at 6.36 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.51 USD as an objective. Crossing it would then enable buyers to target 7.79 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.9
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BALANCER - BAL/USD rating 6.26 USD. The price registered an increase of +14.65% on the session and was between 5.44 USD and 7.66 USD. This implies that the price is at +15.07% from its lowest and at -18.28% from its highest.5.44
7.66
6.26
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 BALANCER - BAL/USD in 1H shows a strongly overall bullish trend. 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, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
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 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Long white line
Type : Bullish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.47 | 5.58 | 5.68 | 6.26 | 6.36 | 7.79 | 9.81 |
| Change (%) | -12.62% | -10.86% | -9.27% | - | +1.60% | +24.44% | +56.71% |
| Change | -0.79 | -0.68 | -0.58 | - | +0.10 | +1.53 | +3.55 |
| Level | Minor | Major | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.10 | 5.21 | 5.34 | 5.45 | 5.58 | 5.69 | 5.82 |
| Camarilla | 5.39 | 5.42 | 5.44 | 5.46 | 5.48 | 5.50 | 5.53 |
| Woodie | 5.10 | 5.22 | 5.34 | 5.46 | 5.58 | 5.70 | 5.82 |
| Fibonacci | 5.21 | 5.31 | 5.36 | 5.45 | 5.55 | 5.60 | 5.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.44 | 4.72 | 5.13 | 5.41 | 5.82 | 6.10 | 6.51 |
| Camarilla | 5.36 | 5.42 | 5.49 | 5.55 | 5.61 | 5.68 | 5.74 |
| Woodie | 4.52 | 4.75 | 5.21 | 5.44 | 5.90 | 6.13 | 6.59 |
| Fibonacci | 4.72 | 4.98 | 5.14 | 5.41 | 5.67 | 5.83 | 6.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.54 | 3.55 | 5.20 | 6.21 | 7.86 | 8.87 | 10.52 |
| Camarilla | 6.11 | 6.35 | 6.60 | 6.84 | 7.08 | 7.33 | 7.57 |
| Woodie | 2.85 | 3.71 | 5.51 | 6.37 | 8.17 | 9.03 | 10.83 |
| Fibonacci | 3.55 | 4.57 | 5.20 | 6.21 | 7.23 | 7.86 | 8.87 |
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): | 76.09 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 38.59 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 5.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.48 | |
| Elder Ray (13): | 0.23 | |
| Super Trend (3,10): | 5.63 | |
| Zig ZAG (10): | 5.88 | |
| VORTEX (21): | 1.3000 | |
| Stochastique (14,3,5): | 92.96 | |
| TEMA (21): | 5.71 | |
| Williams %R (14): | -11.14 | |
| Chande Momentum Oscillator (20): | 0.34 | |
| Repulse (5,40,3): | 4.5400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 5.40 |
| MA7: | 5.47 | |
| MA20: | 5.62 | |
| MA50: | 5.79 | |
| MA100: | 5.98 | |
| MAexp7: | 5.70 | |
| MAexp20: | 5.59 | |
| MAexp50: | 5.49 | |
| MAexp100: | 5.42 | |
| Price / MA7: | +14.44% | |
| Price / MA20: | +11.39% | |
| Price / MA50: | +8.12% | |
| Price / MA100: | +4.68% | |
| Price / MAexp7: | +9.82% | |
| Price / MAexp20: | +11.99% | |
| Price / MAexp50: | +14.03% | |
| Price / MAexp100: | +15.50% |
Quotes :
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Real time data
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