BALANCER - BAL/USD - 1H - Technical analysis published on 07/06/2023 (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
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 4.76 USD
My targets
4.69 USD (-0.85%)
4.61 USD (-2.54%)
My analysis
The bearish basic trend is very strong on BALANCER - BAL/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 4.76 USD. Crossing the first support at 4.69 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 4.61 USD as an objective. Crossing it would then enable sellers to target 4.50 USD. Caution, a return to above the resistance located at 4.76 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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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 4.73 USD. The price is lower by -0.21% since the last closing and was between 4.66 USD and 4.93 USD. This implies that the price is at +1.50% from its lowest and at -4.06% from its highest.4.66
4.93
4.73
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 BALANCER - BAL/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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 several results that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.50 | 4.61 | 4.69 | 4.73 | 4.76 | 4.87 | 4.92 |
| Change (%) | -4.86% | -2.54% | -0.85% | - | +0.63% | +2.96% | +4.02% |
| Change | -0.23 | -0.12 | -0.04 | - | +0.03 | +0.14 | +0.19 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.43 | 4.56 | 4.65 | 4.78 | 4.87 | 5.00 | 5.09 |
| Camarilla | 4.68 | 4.70 | 4.72 | 4.74 | 4.76 | 4.78 | 4.80 |
| Woodie | 4.41 | 4.55 | 4.63 | 4.77 | 4.85 | 4.99 | 5.07 |
| Fibonacci | 4.56 | 4.64 | 4.70 | 4.78 | 4.86 | 4.92 | 5.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.01 | 4.24 | 4.56 | 4.79 | 5.11 | 5.34 | 5.66 |
| Camarilla | 4.74 | 4.79 | 4.84 | 4.89 | 4.94 | 4.99 | 5.04 |
| Woodie | 4.07 | 4.26 | 4.62 | 4.81 | 5.17 | 5.36 | 5.72 |
| Fibonacci | 4.24 | 4.45 | 4.58 | 4.79 | 5.00 | 5.13 | 5.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.02 | 3.60 | 4.22 | 4.80 | 5.42 | 6.00 | 6.62 |
| Camarilla | 4.51 | 4.62 | 4.73 | 4.84 | 4.95 | 5.06 | 5.17 |
| Woodie | 3.04 | 3.61 | 4.24 | 4.81 | 5.44 | 6.01 | 6.64 |
| Fibonacci | 3.60 | 4.06 | 4.34 | 4.80 | 5.26 | 5.54 | 6.00 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.28 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -6.25 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 4.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.89 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 4.90 | |
| Zig ZAG (10): | 4.76 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 28.01 | |
| TEMA (21): | 4.78 | |
| Williams %R (14): | -65.02 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | -1.2200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.83 |
| MA7: | 4.84 | |
| MA20: | 4.70 | |
| MA50: | 4.90 | |
| MA100: | 5.65 | |
| MAexp7: | 4.76 | |
| MAexp20: | 4.78 | |
| MAexp50: | 4.79 | |
| MAexp100: | 4.81 | |
| Price / MA7: | -2.27% | |
| Price / MA20: | +0.64% | |
| Price / MA50: | -3.47% | |
| Price / MA100: | -16.28% | |
| Price / MAexp7: | -0.63% | |
| Price / MAexp20: | -1.05% | |
| Price / MAexp50: | -1.25% | |
| Price / MAexp100: | -1.66% |
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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