NKN - NKN/USD - 1H - Technical analysis published on 09/07/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
33%
22%
My opinion
Bearish under 0.063033 USD
My targets
0.059704 USD (-3.08%)
0.054638 USD (-11.30%)
My analysis
The bearish trend is currently very strong for NKN - NKN/USD. As long as the price remains below the resistance at 0.063033 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.059704 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.054638 USD as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
The NKN - NKN/USD price is 0.061599 USD. The price has increased by +0.00% since the last closing with the lowest point at 0.060975 USD and the highest point at 0.062000 USD. The deviation from the price is +1.02% for the low point and -0.65% for the high point.0.060975
0.062000
0.061599
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of NKN - NKN/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 8 are bullish, 4 are neutral and 6 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.054638 | 0.061599 | 0.061898 | 0.063033 | 0.065301 |
| Change (%) | -11.30% | - | +0.49% | +2.33% | +6.01% |
| Change | -0.006961 | - | +0.000299 | +0.001434 | +0.003702 |
| Level | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.052594 | 0.055996 | 0.058798 | 0.062200 | 0.065002 | 0.068404 | 0.071206 |
| Camarilla | 0.059895 | 0.060464 | 0.061032 | 0.061601 | 0.062170 | 0.062738 | 0.063307 |
| Woodie | 0.052295 | 0.055846 | 0.058499 | 0.062050 | 0.064703 | 0.068254 | 0.070907 |
| Fibonacci | 0.055996 | 0.058366 | 0.059830 | 0.062200 | 0.064570 | 0.066034 | 0.068404 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.038704 | 0.052003 | 0.059704 | 0.073003 | 0.080704 | 0.094003 | 0.101704 |
| Camarilla | 0.061631 | 0.063556 | 0.065481 | 0.067406 | 0.069331 | 0.071256 | 0.073181 |
| Woodie | 0.035906 | 0.050604 | 0.056906 | 0.071604 | 0.077906 | 0.092604 | 0.098906 |
| Fibonacci | 0.052003 | 0.060025 | 0.064981 | 0.073003 | 0.081025 | 0.085981 | 0.094003 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007371 | 0.027735 | 0.047571 | 0.067935 | 0.087771 | 0.108135 | 0.127971 |
| Camarilla | 0.056351 | 0.060036 | 0.063721 | 0.067406 | 0.071091 | 0.074776 | 0.078461 |
| Woodie | 0.007106 | 0.027603 | 0.047306 | 0.067803 | 0.087506 | 0.108003 | 0.127706 |
| Fibonacci | 0.027735 | 0.043092 | 0.052579 | 0.067935 | 0.083292 | 0.092779 | 0.108135 |
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): | 43.20 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -18.894443 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.061212 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.061600 | |
| Elder Ray (13): | -0.000205 | |
| Super Trend (3,10): | 0.063407 | |
| Zig ZAG (10): | 0.061596 | |
| VORTEX (21): | 0.9237 | |
| Stochastique (14,3,5): | 49.69 | |
| TEMA (21): | 0.061010 | |
| Williams %R (14): | -40.65 | |
| Chande Momentum Oscillator (20): | -0.000805 | |
| Repulse (5,40,3): | 0.3530 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1742 | |
| Courbe Coppock: | 6.39 |
| MA7: | 0.064110 | |
| MA20: | 0.070072 | |
| MA50: | 0.068786 | |
| MA100: | 0.078777 | |
| MAexp7: | 0.061542 | |
| MAexp20: | 0.062183 | |
| MAexp50: | 0.063341 | |
| MAexp100: | 0.064439 | |
| Price / MA7: | -3.92% | |
| Price / MA20: | -12.09% | |
| Price / MA50: | -10.45% | |
| Price / MA100: | -21.81% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | -0.94% | |
| Price / MAexp50: | -2.75% | |
| Price / MAexp100: | -4.41% |
Quotes :
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Real time data
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