NKN - NKN/USD - 1H - Technical analysis published on 10/13/2024 (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
22%
39%
39%
My opinion
Bullish above 0.071153 USD
My targets
0.073899 USD (+0.80%)
0.075900 USD (+3.53%)
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 0.071153 USD remains possible. It is advisable to trade NKN - NKN/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.071153 USD. The next bullish objective for buyers is set at 0.073899 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.075900 USD. If there is any crossing, the next objective would be the resistance located at 0.077599 USD. PS: if there is a bearish break in the support located at 0.071153 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
2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NKN - NKN/USD rating 0.073315 USD. The price is lower by -0.12% since the last closing and was between 0.072636 USD and 0.073704 USD. This implies that the price is at +0.93% from its lowest and at -0.53% from its highest.0.072636
0.073704
0.073315
Here is a more detailed summary of the historical variations registered by NKN - NKN/USD:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NKN - NKN/USD chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.067700 | 0.069292 | 0.071153 | 0.073315 | 0.073899 | 0.075900 | 0.077599 |
| Change (%) | -7.66% | -5.49% | -2.95% | - | +0.80% | +3.53% | +5.84% |
| Change | -0.005615 | -0.004023 | -0.002162 | - | +0.000584 | +0.002585 | +0.004284 |
| Level | Major | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.070145 | 0.071325 | 0.072364 | 0.073544 | 0.074583 | 0.075763 | 0.076802 |
| Camarilla | 0.072793 | 0.072996 | 0.073200 | 0.073403 | 0.073606 | 0.073810 | 0.074013 |
| Woodie | 0.070075 | 0.071290 | 0.072294 | 0.073509 | 0.074513 | 0.075728 | 0.076732 |
| Fibonacci | 0.071325 | 0.072173 | 0.072696 | 0.073544 | 0.074392 | 0.074915 | 0.075763 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.055142 | 0.060472 | 0.066938 | 0.072268 | 0.078734 | 0.084064 | 0.090530 |
| Camarilla | 0.070159 | 0.071240 | 0.072322 | 0.073403 | 0.074484 | 0.075566 | 0.076647 |
| Woodie | 0.055709 | 0.060756 | 0.067505 | 0.072552 | 0.079301 | 0.084348 | 0.091097 |
| Fibonacci | 0.060472 | 0.064978 | 0.067762 | 0.072268 | 0.076774 | 0.079558 | 0.084064 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.029464 | 0.044430 | 0.060866 | 0.075832 | 0.092268 | 0.107234 | 0.123670 |
| Camarilla | 0.068666 | 0.071544 | 0.074423 | 0.077301 | 0.080180 | 0.083058 | 0.085937 |
| Woodie | 0.030198 | 0.044798 | 0.061600 | 0.076200 | 0.093002 | 0.107602 | 0.124404 |
| Fibonacci | 0.044430 | 0.056426 | 0.063837 | 0.075832 | 0.087828 | 0.095239 | 0.107234 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 50.69 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -0.475494 | |
| AROON (14): | -64.285714 | |
| DEMA (21): | 0.073586 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.073940 | |
| Elder Ray (13): | -0.000082 | |
| Super Trend (3,10): | 0.072782 | |
| Zig ZAG (10): | 0.073297 | |
| VORTEX (21): | 0.9546 | |
| Stochastique (14,3,5): | 37.27 | |
| TEMA (21): | 0.073192 | |
| Williams %R (14): | -62.30 | |
| Chande Momentum Oscillator (20): | -0.000339 | |
| Repulse (5,40,3): | 0.3203 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0371 | |
| Courbe Coppock: | 1.02 |
| MA7: | 0.071270 | |
| MA20: | 0.074406 | |
| MA50: | 0.071451 | |
| MA100: | 0.071122 | |
| MAexp7: | 0.073330 | |
| MAexp20: | 0.073365 | |
| MAexp50: | 0.072659 | |
| MAexp100: | 0.071726 | |
| Price / MA7: | +2.87% | |
| Price / MA20: | -1.47% | |
| Price / MA50: | +2.61% | |
| Price / MA100: | +3.08% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | +0.90% | |
| Price / MAexp100: | +2.22% |
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.
About author
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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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