BAND PROTOCOL - BAND/USD - 1H - Technical analysis published on 07/08/2023 (GMT)
- 187
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 1.27 USD
My targets
1.20 USD (-0.83%)
1.17 USD (-3.31%)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.27 USD remains possible. It is advisable to trade BAND PROTOCOL - BAND/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.27 USD. The next bearish objective for sellers is set at 1.20 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.17 USD. In case of crossing, the next objective would be the support located at 1.15 USD. PS: if there is a bullish break in the resistance located at 1.27 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BAND PROTOCOL - BAND/USD price is 1.21 USD. The price has increased by +0.83% since the last closing and was between 1.21 USD and 1.21 USD. This implies that the price is at 0% from its lowest and at 0% from its highest.1.21
1.21
1.21
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BAND PROTOCOL - BAND/USD:
Technical
Technical analysis of BAND PROTOCOL - BAND/USD in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.15 | 1.17 | 1.20 | 1.21 | 1.27 | 1.32 | 1.35 |
| Change (%) | -4.96% | -3.31% | -0.83% | - | +4.96% | +9.09% | +11.57% |
| Change | -0.06 | -0.04 | -0.01 | - | +0.06 | +0.11 | +0.14 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | Minor |
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 | 1.15 | 1.17 | 1.18 | 1.20 | 1.21 | 1.23 | 1.24 |
| Camarilla | 1.19 | 1.20 | 1.20 | 1.20 | 1.20 | 1.21 | 1.21 |
| Woodie | 1.16 | 1.17 | 1.19 | 1.20 | 1.22 | 1.23 | 1.25 |
| Fibonacci | 1.17 | 1.18 | 1.19 | 1.20 | 1.21 | 1.22 | 1.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.96 | 1.06 | 1.17 | 1.27 | 1.38 | 1.48 | 1.59 |
| Camarilla | 1.23 | 1.25 | 1.27 | 1.29 | 1.31 | 1.33 | 1.35 |
| Woodie | 0.98 | 1.06 | 1.19 | 1.27 | 1.40 | 1.48 | 1.61 |
| Fibonacci | 1.06 | 1.14 | 1.19 | 1.27 | 1.35 | 1.40 | 1.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.36 | 0.64 | 0.96 | 1.24 | 1.56 | 1.84 | 2.16 |
| Camarilla | 1.11 | 1.16 | 1.22 | 1.27 | 1.33 | 1.38 | 1.44 |
| Woodie | 0.37 | 0.65 | 0.97 | 1.25 | 1.57 | 1.85 | 2.17 |
| Fibonacci | 0.64 | 0.87 | 1.01 | 1.24 | 1.47 | 1.61 | 1.84 |
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): | 47.83 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -11.85 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 1.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.19 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.23 | |
| Zig ZAG (10): | 1.21 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 73.08 | |
| TEMA (21): | 1.20 | |
| Williams %R (14): | -23.08 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | 0.3600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 0.90 |
| MA7: | 1.26 | |
| MA20: | 1.23 | |
| MA50: | 1.27 | |
| MA100: | 1.50 | |
| MAexp7: | 1.20 | |
| MAexp20: | 1.20 | |
| MAexp50: | 1.22 | |
| MAexp100: | 1.24 | |
| Price / MA7: | -3.97% | |
| Price / MA20: | -1.63% | |
| Price / MA50: | -4.72% | |
| Price / MA100: | -19.33% | |
| Price / MAexp7: | +0.83% | |
| Price / MAexp20: | +0.83% | |
| Price / MAexp50: | -0.82% | |
| Price / MAexp100: | -2.42% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis BAND PROTOCOL - BAND/USD - 1H