BAND PROTOCOL - BAND/USD - 1H - Technical analysis published on 09/12/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 1.02 USD
My targets
0.97 USD (-1.02%)
0.96 USD (-2.04%)
My analysis
There is a bearish trend on BAND PROTOCOL - BAND/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 1.02 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 0.97 USD. Then the price could move towards 0.96 USD. Be careful, a return to above the resistance 1.02 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BAND PROTOCOL - BAND/USD rating 0.98 USD. On the day, this instrument gained +0.00% and was traded between 0.97 USD and 1.02 USD over the period. The price is currently at +1.03% from its lowest and -3.92% from its highest.0.97
1.02
0.98
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of BAND PROTOCOL - BAND/USD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.96 | 0.97 | 0.98 | 0.98 | 1.02 | 1.05 |
| Change (%) | -2.04% | -1.02% | 0% | - | +4.08% | +7.14% |
| Change | -0.02 | -0.01 | 0 | - | +0.04 | +0.07 |
| Level | 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 | 0.91 | 0.93 | 0.96 | 0.98 | 1.01 | 1.03 | 1.06 |
| Camarilla | 0.97 | 0.97 | 0.98 | 0.98 | 0.99 | 0.99 | 0.99 |
| Woodie | 0.91 | 0.93 | 0.96 | 0.98 | 1.01 | 1.03 | 1.06 |
| Fibonacci | 0.93 | 0.95 | 0.96 | 0.98 | 1.00 | 1.01 | 1.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.92 | 0.97 | 1.00 | 1.05 | 1.08 | 1.13 | 1.16 |
| Camarilla | 1.02 | 1.03 | 1.03 | 1.04 | 1.05 | 1.06 | 1.06 |
| Woodie | 0.92 | 0.97 | 1.00 | 1.05 | 1.08 | 1.13 | 1.16 |
| Fibonacci | 0.97 | 1.00 | 1.02 | 1.05 | 1.08 | 1.10 | 1.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.52 | 0.70 | 0.89 | 1.07 | 1.26 | 1.44 | 1.63 |
| Camarilla | 0.98 | 1.01 | 1.05 | 1.08 | 1.11 | 1.15 | 1.18 |
| Woodie | 0.53 | 0.70 | 0.90 | 1.07 | 1.27 | 1.44 | 1.64 |
| Fibonacci | 0.70 | 0.84 | 0.93 | 1.07 | 1.21 | 1.30 | 1.44 |
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): | 43.83 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 2.23 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 0.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.01 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 0.98 | |
| Zig ZAG (10): | 0.98 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 16.01 | |
| TEMA (21): | 0.98 | |
| Williams %R (14): | -87.99 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | -0.1500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 2.29 |
| MA7: | 1.02 | |
| MA20: | 1.04 | |
| MA50: | 1.10 | |
| MA100: | 1.15 | |
| MAexp7: | 0.98 | |
| MAexp20: | 0.99 | |
| MAexp50: | 0.99 | |
| MAexp100: | 1.01 | |
| Price / MA7: | -3.92% | |
| Price / MA20: | -5.77% | |
| Price / MA50: | -10.91% | |
| Price / MA100: | -14.78% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -1.01% | |
| Price / MAexp50: | -1.01% | |
| Price / MAexp100: | -2.97% |
Quotes :
-
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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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…
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