BANCOR NETWORK TOKEN - BNT/USD - 1H - Technical analysis published on 07/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
6%
72%
22%
My opinion
Bearish under 0.404886 USD
My targets
0.394506 USD (-1.20%)
0.388103 USD (-2.81%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for BANCOR NETWORK TOKEN - BNT/USD as long as the price remains well below 0.404886 USD. The sellers' bearish objective is set at 0.394506 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.388103 USD. If there is any crossing, the next objective would be the support located at 0.380885 USD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.9
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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 BANCOR NETWORK TOKEN - BNT/USD rating is 0.399311 USD. The price is lower by -2.63% since the last closing with the lowest point at 0.392000 USD and the highest point at 0.419610 USD. The deviation from the price is +1.87% for the low point and -4.84% for the high point.0.392000
0.419610
0.399311
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this BANCOR NETWORK TOKEN - BNT/USD chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.380885 | 0.388103 | 0.394506 | 0.399311 | 0.400680 | 0.404886 | 0.413394 |
| Change (%) | -4.61% | -2.81% | -1.20% | - | +0.34% | +1.40% | +3.53% |
| Change | -0.018426 | -0.011208 | -0.004805 | - | +0.001369 | +0.005575 | +0.014083 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | 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 | 0.349739 | 0.363363 | 0.386726 | 0.400350 | 0.423713 | 0.437337 | 0.460700 |
| Camarilla | 0.399918 | 0.403308 | 0.406699 | 0.410089 | 0.413480 | 0.416870 | 0.420260 |
| Woodie | 0.354609 | 0.365798 | 0.391596 | 0.402785 | 0.428583 | 0.439772 | 0.465570 |
| Fibonacci | 0.363363 | 0.377492 | 0.386221 | 0.400350 | 0.414479 | 0.423208 | 0.437337 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.329823 | 0.354120 | 0.372620 | 0.396917 | 0.415417 | 0.439714 | 0.458214 |
| Camarilla | 0.379350 | 0.383273 | 0.387196 | 0.391119 | 0.395042 | 0.398965 | 0.402888 |
| Woodie | 0.326924 | 0.352671 | 0.369721 | 0.395468 | 0.412518 | 0.438265 | 0.455315 |
| Fibonacci | 0.354120 | 0.370469 | 0.380569 | 0.396917 | 0.413266 | 0.423366 | 0.439714 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.149273 | 0.238635 | 0.313952 | 0.403314 | 0.478631 | 0.567993 | 0.643310 |
| Camarilla | 0.343981 | 0.359077 | 0.374172 | 0.389268 | 0.404364 | 0.419459 | 0.434555 |
| Woodie | 0.142250 | 0.235124 | 0.306929 | 0.399803 | 0.471608 | 0.564482 | 0.636287 |
| Fibonacci | 0.238635 | 0.301543 | 0.340407 | 0.403314 | 0.466222 | 0.505086 | 0.567993 |
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): | 36.24 | |
| MACD (12,26,9): | -0.0023 | |
| Directional Movement: | -24.192277 | |
| AROON (14): | -21.428571 | |
| DEMA (21): | 0.405052 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.415252 | |
| Elder Ray (13): | -0.008007 | |
| Super Trend (3,10): | 0.411115 | |
| Zig ZAG (10): | 0.396490 | |
| VORTEX (21): | 0.7949 | |
| Stochastique (14,3,5): | 16.77 | |
| TEMA (21): | 0.399526 | |
| Williams %R (14): | -83.74 | |
| Chande Momentum Oscillator (20): | -0.016824 | |
| Repulse (5,40,3): | -0.4717 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0355 | |
| Courbe Coppock: | 6.78 |
| MA7: | 0.393809 | |
| MA20: | 0.391290 | |
| MA50: | 0.387361 | |
| MA100: | 0.430288 | |
| MAexp7: | 0.400722 | |
| MAexp20: | 0.406357 | |
| MAexp50: | 0.403980 | |
| MAexp100: | 0.399590 | |
| Price / MA7: | +1.40% | |
| Price / MA20: | +2.05% | |
| Price / MA50: | +3.08% | |
| Price / MA100: | -7.20% | |
| Price / MAexp7: | -0.35% | |
| Price / MAexp20: | -1.73% | |
| Price / MAexp50: | -1.16% | |
| Price / MAexp100: | -0.07% |
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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