ANKR NETWORK - ANKR/USD - 1H - Technical analysis published on 09/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 0.024684 USD
My targets
0.022501 USD (-5.50%)
My analysis
The bearish basic trend is very strong on ANKR NETWORK - ANKR/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.024684 USD. Crossing the first support at 0.022501 USD would be a sign of a further potential price plummet. Caution, a return to above the resistance located at 0.024684 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.4
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
ANKR NETWORK - ANKR/USD rating 0.023811 USD. On the day, this instrument lost -0.09% and was traded between 0.023374 USD and 0.023847 USD over the period. The price is currently at +1.87% from its lowest and -0.15% from its highest.0.023374
0.023847
0.023811
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:
Technical
Technical analysis of this 1H chart of ANKR NETWORK - ANKR/USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 4 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.022501 | 0.023811 | 0.023905 | 0.024684 | 0.027214 |
| Change (%) | -5.50% | - | +0.39% | +3.67% | +14.29% |
| Change | -0.001310 | - | +0.000094 | +0.000873 | +0.003403 |
| Level | Major | - | 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 | 0.022533 | 0.023113 | 0.023473 | 0.024053 | 0.024413 | 0.024993 | 0.025353 |
| Camarilla | 0.023574 | 0.023660 | 0.023746 | 0.023832 | 0.023918 | 0.024004 | 0.024091 |
| Woodie | 0.022422 | 0.023058 | 0.023362 | 0.023998 | 0.024302 | 0.024938 | 0.025242 |
| Fibonacci | 0.023113 | 0.023472 | 0.023694 | 0.024053 | 0.024412 | 0.024634 | 0.024993 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.016761 | 0.020067 | 0.021950 | 0.025256 | 0.027139 | 0.030445 | 0.032328 |
| Camarilla | 0.022405 | 0.022881 | 0.023356 | 0.023832 | 0.024308 | 0.024783 | 0.025259 |
| Woodie | 0.016049 | 0.019711 | 0.021238 | 0.024900 | 0.026427 | 0.030089 | 0.031616 |
| Fibonacci | 0.020067 | 0.022050 | 0.023274 | 0.025256 | 0.027239 | 0.028463 | 0.030445 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.010205 | 0.015022 | 0.019427 | 0.024244 | 0.028649 | 0.033466 | 0.037871 |
| Camarilla | 0.021296 | 0.022141 | 0.022987 | 0.023832 | 0.024677 | 0.025523 | 0.026368 |
| Woodie | 0.009999 | 0.014919 | 0.019221 | 0.024141 | 0.028443 | 0.033363 | 0.037665 |
| Fibonacci | 0.015022 | 0.018545 | 0.020721 | 0.024244 | 0.027767 | 0.029943 | 0.033466 |
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): | 41.99 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -21.557516 | |
| AROON (14): | -28.571428 | |
| DEMA (21): | 0.023564 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.023703 | |
| Elder Ray (13): | -0.000074 | |
| Super Trend (3,10): | 0.024037 | |
| Zig ZAG (10): | 0.023624 | |
| VORTEX (21): | 0.8749 | |
| Stochastique (14,3,5): | 27.49 | |
| TEMA (21): | 0.023506 | |
| Williams %R (14): | -59.25 | |
| Chande Momentum Oscillator (20): | -0.000177 | |
| Repulse (5,40,3): | 0.1984 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0977 | |
| Courbe Coppock: | 2.95 |
| MA7: | 0.024494 | |
| MA20: | 0.025557 | |
| MA50: | 0.027309 | |
| MA100: | 0.031010 | |
| MAexp7: | 0.023617 | |
| MAexp20: | 0.023786 | |
| MAexp50: | 0.024063 | |
| MAexp100: | 0.024487 | |
| Price / MA7: | -2.79% | |
| Price / MA20: | -6.83% | |
| Price / MA50: | -12.81% | |
| Price / MA100: | -23.22% | |
| Price / MAexp7: | +0.82% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | -1.05% | |
| Price / MAexp100: | -2.76% |
Quotes :
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Real time data
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Cryptocompare
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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