BALANCER - BAL/USD - 1H - Technical analysis published on 12/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 3.73 USD
My targets
4.00 USD (+4.71%)
4.10 USD (+7.33%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 3.73 USD remains possible. It is advisable to trade BALANCER - BAL/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 3.73 USD. The next bullish objective for buyers is set at 4.00 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.10 USD. If there is any crossing, the next objective would be the resistance located at 6.03 USD. PS: if there is a bearish break in the support located at 3.73 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.4
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Additional analysis
Quotes
The BALANCER - BAL/USD price is 3.82 USD. On the day, this instrument lost -0.26% and was traded between 3.79 USD and 3.91 USD over the period. The price is currently at +0.79% from its lowest and -2.30% from its highest.3.79
3.91
3.82
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this BALANCER - BAL/USD chart shows a bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 3 are bullish, 9 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.08 | 3.45 | 3.61 | 3.82 | 3.83 | 4.00 | 4.10 |
| Change (%) | -19.37% | -9.69% | -5.50% | - | +0.26% | +4.71% | +7.33% |
| Change | -0.74 | -0.37 | -0.21 | - | +0.01 | +0.18 | +0.28 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | 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 | 3.19 | 3.38 | 3.61 | 3.80 | 4.03 | 4.22 | 4.45 |
| Camarilla | 3.72 | 3.75 | 3.79 | 3.83 | 3.87 | 3.91 | 3.95 |
| Woodie | 3.20 | 3.39 | 3.62 | 3.81 | 4.04 | 4.23 | 4.46 |
| Fibonacci | 3.38 | 3.54 | 3.64 | 3.80 | 3.96 | 4.06 | 4.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.96 | 2.17 | 2.55 | 2.76 | 3.14 | 3.35 | 3.73 |
| Camarilla | 2.77 | 2.82 | 2.88 | 2.93 | 2.98 | 3.04 | 3.09 |
| Woodie | 2.05 | 2.21 | 2.64 | 2.80 | 3.23 | 3.39 | 3.82 |
| Fibonacci | 2.17 | 2.40 | 2.54 | 2.76 | 2.99 | 3.13 | 3.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.76 | 1.21 | 2.07 | 2.52 | 3.38 | 3.83 | 4.69 |
| Camarilla | 2.57 | 2.69 | 2.81 | 2.93 | 3.05 | 3.17 | 3.29 |
| Woodie | 0.97 | 1.31 | 2.28 | 2.62 | 3.59 | 3.93 | 4.90 |
| Fibonacci | 1.21 | 1.71 | 2.02 | 2.52 | 3.02 | 3.33 | 3.83 |
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): | 52.89 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 8.02 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 3.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.92 | |
| Elder Ray (13): | -0 | |
| Super Trend (3,10): | 3.72 | |
| Zig ZAG (10): | 3.83 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 45.99 | |
| TEMA (21): | 3.84 | |
| Williams %R (14): | -60.85 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 1.49 |
| MA7: | 3.46 | |
| MA20: | 2.87 | |
| MA50: | 2.35 | |
| MA100: | 2.15 | |
| MAexp7: | 3.83 | |
| MAexp20: | 3.83 | |
| MAexp50: | 3.75 | |
| MAexp100: | 3.59 | |
| Price / MA7: | +10.40% | |
| Price / MA20: | +33.10% | |
| Price / MA50: | +62.55% | |
| Price / MA100: | +77.67% | |
| Price / MAexp7: | -0.26% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | +1.87% | |
| Price / MAexp100: | +6.41% |
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.
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