BALANCER - BAL/USD - 1H - Technical analysis published on 01/27/2024 (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:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 3.60 USD
My targets
3.75 USD (+2.18%)
3.81 USD (+3.81%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BALANCER - BAL/USD as long as the price remains well above 3.60 USD. The buyers' bullish objective is set at 3.75 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.81 USD. If there is any crossing, the next objective would be the resistance located at 3.96 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
6.6
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Additional analysis
Quotes
The BALANCER - BAL/USD rating is 3.67 USD. The price is lower by -0.27% since the last closing and was traded between 3.62 USD and 3.70 USD over the period. The price is currently at +1.38% from its lowest and -0.81% from its highest.3.62
3.70
3.67
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of BALANCER - BAL/USD in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.95 | 3.46 | 3.60 | 3.67 | 3.75 | 3.81 | 3.96 |
| Change (%) | -19.62% | -5.72% | -1.91% | - | +2.18% | +3.81% | +7.90% |
| Change | -0.72 | -0.21 | -0.07 | - | +0.08 | +0.14 | +0.29 |
| Level | Minor | Major | Intermediate | - | 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 | 3.44 | 3.49 | 3.59 | 3.64 | 3.74 | 3.79 | 3.89 |
| Camarilla | 3.64 | 3.65 | 3.67 | 3.68 | 3.69 | 3.71 | 3.72 |
| Woodie | 3.46 | 3.50 | 3.61 | 3.65 | 3.76 | 3.80 | 3.91 |
| Fibonacci | 3.49 | 3.55 | 3.59 | 3.64 | 3.70 | 3.74 | 3.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.74 | 2.78 | 3.38 | 4.42 | 5.02 | 6.06 | 6.66 |
| Camarilla | 3.54 | 3.69 | 3.84 | 3.99 | 4.14 | 4.29 | 4.44 |
| Woodie | 1.53 | 2.67 | 3.17 | 4.31 | 4.81 | 5.95 | 6.45 |
| Fibonacci | 2.78 | 3.40 | 3.79 | 4.42 | 5.04 | 5.43 | 6.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.56 | 3.12 | 3.69 | 4.25 | 4.82 | 5.38 | 5.95 |
| Camarilla | 3.95 | 4.05 | 4.16 | 4.26 | 4.36 | 4.47 | 4.57 |
| Woodie | 2.57 | 3.12 | 3.70 | 4.25 | 4.83 | 5.38 | 5.96 |
| Fibonacci | 3.12 | 3.55 | 3.82 | 4.25 | 4.68 | 4.95 | 5.38 |
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): | 51.77 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -0.55 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 3.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.64 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 3.63 | |
| Zig ZAG (10): | 3.66 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 51.67 | |
| TEMA (21): | 3.66 | |
| Williams %R (14): | -44.25 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | 0.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.13 |
| MA7: | 3.67 | |
| MA20: | 3.97 | |
| MA50: | 4.08 | |
| MA100: | 3.89 | |
| MAexp7: | 3.66 | |
| MAexp20: | 3.66 | |
| MAexp50: | 3.64 | |
| MAexp100: | 3.65 | |
| Price / MA7: | -0% | |
| Price / MA20: | -7.56% | |
| Price / MA50: | -10.05% | |
| Price / MA100: | -5.66% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | +0.82% | |
| Price / MAexp100: | +0.55% |
Quotes :
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Real time data
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