BALANCER - BAL/USD - 1H - Technical analysis published on 01/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 5.39 USD
My targets
5.26 USD (-1.68%)
5.16 USD (-3.55%)
My analysis
There is a bearish trend on BALANCER - BAL/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 5.39 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 5.26 USD. Then the price could move towards 5.16 USD. Then 4.26 USD by extension. Be careful, a return to above the resistance 5.39 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BALANCER - BAL/USD rating 5.35 USD. The price is lower by -1.29% since the last closing and was between 5.32 USD and 5.45 USD. This implies that the price is at +0.56% from its lowest and at -1.83% from its highest.5.32
5.45
5.35
Here is a more detailed summary of the historical variations registered by BALANCER - BAL/USD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BALANCER - BAL/USD in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.16 | 5.26 | 5.32 | 5.35 | 5.39 | 5.44 | 5.51 |
| Change (%) | -3.55% | -1.68% | -0.56% | - | +0.75% | +1.68% | +2.99% |
| Change | -0.19 | -0.09 | -0.03 | - | +0.04 | +0.09 | +0.16 |
| Level | Major | Major | Minor | - | Minor | Minor | Intermediate |
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 | 5.13 | 5.19 | 5.31 | 5.37 | 5.49 | 5.55 | 5.67 |
| Camarilla | 5.37 | 5.39 | 5.40 | 5.42 | 5.44 | 5.45 | 5.47 |
| Woodie | 5.15 | 5.21 | 5.33 | 5.39 | 5.51 | 5.57 | 5.69 |
| Fibonacci | 5.19 | 5.26 | 5.31 | 5.37 | 5.44 | 5.49 | 5.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.50 | 4.82 | 5.00 | 5.32 | 5.50 | 5.82 | 6.00 |
| Camarilla | 5.03 | 5.08 | 5.12 | 5.17 | 5.22 | 5.26 | 5.31 |
| Woodie | 4.42 | 4.79 | 4.92 | 5.29 | 5.42 | 5.79 | 5.92 |
| Fibonacci | 4.82 | 5.01 | 5.13 | 5.32 | 5.51 | 5.63 | 5.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.47 | 4.31 | 4.74 | 5.58 | 6.01 | 6.85 | 7.28 |
| Camarilla | 4.82 | 4.94 | 5.05 | 5.17 | 5.29 | 5.40 | 5.52 |
| Woodie | 3.27 | 4.21 | 4.54 | 5.48 | 5.81 | 6.75 | 7.08 |
| Fibonacci | 4.31 | 4.80 | 5.10 | 5.58 | 6.07 | 6.37 | 6.85 |
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): | 42.08 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -1.62 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 5.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.39 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 5.32 | |
| Zig ZAG (10): | 5.33 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 11.11 | |
| TEMA (21): | 5.34 | |
| Williams %R (14): | -91.67 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | -0.5200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.76 |
| MA7: | 5.34 | |
| MA20: | 5.39 | |
| MA50: | 5.68 | |
| MA100: | 5.72 | |
| MAexp7: | 5.34 | |
| MAexp20: | 5.36 | |
| MAexp50: | 5.37 | |
| MAexp100: | 5.37 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | -0.74% | |
| Price / MA50: | -5.81% | |
| Price / MA100: | -6.47% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.37% | |
| Price / MAexp100: | -0.37% |
Quotes :
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Real time data
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