BALANCER - BAL/USD - 1H - Technical analysis published on 08/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 4.30 USD
My targets
4.22 USD (-1.17%)
4.18 USD (-2.11%)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade BALANCER - BAL/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 4.30 USD. The next bearish objective for sellers is set at 4.22 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.18 USD. In case of crossing, the next objective would be the support located at 4.14 USD. In the event of a bullish break in the resistance located at 4.30 USD a certain indecision would take hold.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.1
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Additional analysis
Quotes
The BALANCER - BAL/USD rating is 4.27 USD. The price registered a decrease of -0.23% on the session and was between 4.25 USD and 4.36 USD. This implies that the price is at +0.47% from its lowest and at -2.06% from its highest.4.25
4.36
4.27
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BALANCER - BAL/USD chart shows a slightly bearish trend. 46.43% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.18 | 4.22 | 4.25 | 4.27 | 4.30 | 4.35 | 4.41 |
| Change (%) | -2.11% | -1.17% | -0.47% | - | +0.70% | +1.87% | +3.28% |
| Change | -0.09 | -0.05 | -0.02 | - | +0.03 | +0.08 | +0.14 |
| Level | Intermediate | Major | Minor | - | Major | Intermediate | 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 | 3.93 | 4.03 | 4.16 | 4.26 | 4.39 | 4.49 | 4.62 |
| Camarilla | 4.22 | 4.24 | 4.26 | 4.28 | 4.30 | 4.32 | 4.34 |
| Woodie | 3.94 | 4.04 | 4.17 | 4.27 | 4.40 | 4.50 | 4.63 |
| Fibonacci | 4.03 | 4.12 | 4.18 | 4.26 | 4.35 | 4.41 | 4.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.78 | 3.98 | 4.10 | 4.30 | 4.42 | 4.62 | 4.74 |
| Camarilla | 4.13 | 4.16 | 4.19 | 4.22 | 4.25 | 4.28 | 4.31 |
| Woodie | 3.74 | 3.96 | 4.06 | 4.28 | 4.38 | 4.60 | 4.70 |
| Fibonacci | 3.98 | 4.10 | 4.18 | 4.30 | 4.42 | 4.50 | 4.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.36 | 3.83 | 4.10 | 4.57 | 4.84 | 5.31 | 5.58 |
| Camarilla | 4.17 | 4.23 | 4.30 | 4.37 | 4.44 | 4.51 | 4.57 |
| Woodie | 3.26 | 3.78 | 4.00 | 4.52 | 4.74 | 5.26 | 5.48 |
| Fibonacci | 3.83 | 4.11 | 4.29 | 4.57 | 4.85 | 5.03 | 5.31 |
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): | 48.36 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -6.71 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 4.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.35 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 4.25 | |
| Zig ZAG (10): | 4.27 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 14.64 | |
| TEMA (21): | 4.30 | |
| Williams %R (14): | -81.82 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | -0.7300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.45 |
| MA7: | 4.26 | |
| MA20: | 4.41 | |
| MA50: | 4.60 | |
| MA100: | 4.92 | |
| MAexp7: | 4.29 | |
| MAexp20: | 4.29 | |
| MAexp50: | 4.28 | |
| MAexp100: | 4.28 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | -3.17% | |
| Price / MA50: | -7.17% | |
| Price / MA100: | -13.21% | |
| Price / MAexp7: | -0.47% | |
| Price / MAexp20: | -0.47% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.23% |
Quotes :
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Real time data
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