BANCOR NETWORK TOKEN - BNT/USD - 1H - Technical analysis published on 08/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 0.545117 USD
My targets
0.515486 USD (-3.90%)
0.503573 USD (-6.12%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BANCOR NETWORK TOKEN - BNT/USD as long as the price remains well below 0.545117 USD. The sellers' bearish objective is set at 0.515486 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.503573 USD. In case of crossing, the next objective would be the support located at 0.463577 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
5.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BANCOR NETWORK TOKEN - BNT/USD rating 0.536397 USD. The price registered an increase of +0.79% on the session and was between 0.532196 USD and 0.536397 USD. This implies that the price is at +0.79% from its lowest and at 0% from its highest.0.532196
0.536397
0.536397
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of BANCOR NETWORK TOKEN - BNT/USD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 8 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.414963 | 0.463577 | 0.503573 | 0.536397 | 0.545117 | 0.569884 | 0.595043 |
| Change (%) | -22.64% | -13.58% | -6.12% | - | +1.63% | +6.24% | +10.93% |
| Change | -0.121434 | -0.072820 | -0.032824 | - | +0.008720 | +0.033487 | +0.058646 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Intermediate |
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 | 0.203872 | 0.356842 | 0.444518 | 0.597488 | 0.685164 | 0.838134 | 0.925810 |
| Camarilla | 0.466015 | 0.488075 | 0.510134 | 0.532193 | 0.554252 | 0.576311 | 0.598371 |
| Woodie | 0.171224 | 0.340519 | 0.411870 | 0.581165 | 0.652516 | 0.821811 | 0.893162 |
| Fibonacci | 0.356842 | 0.448769 | 0.505562 | 0.597488 | 0.689415 | 0.746208 | 0.838134 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.143391 | 0.249444 | 0.409433 | 0.515486 | 0.675475 | 0.781528 | 0.941517 |
| Camarilla | 0.496262 | 0.520649 | 0.545036 | 0.569423 | 0.593810 | 0.618197 | 0.642585 |
| Woodie | 0.170360 | 0.262928 | 0.436402 | 0.528970 | 0.702444 | 0.795012 | 0.968486 |
| Fibonacci | 0.249444 | 0.351072 | 0.413858 | 0.515486 | 0.617114 | 0.679900 | 0.781528 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.273264 | 0.316652 | 0.344273 | 0.387661 | 0.415282 | 0.458670 | 0.486291 |
| Camarilla | 0.352366 | 0.358875 | 0.365384 | 0.371893 | 0.378402 | 0.384911 | 0.391421 |
| Woodie | 0.265380 | 0.312710 | 0.336389 | 0.383719 | 0.407398 | 0.454728 | 0.478407 |
| Fibonacci | 0.316652 | 0.343778 | 0.360536 | 0.387661 | 0.414787 | 0.431545 | 0.458670 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.43 | |
| MACD (12,26,9): | -0.0181 | |
| Directional Movement: | 4.102018 | |
| AROON (14): | -64.285714 | |
| DEMA (21): | 0.541327 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.586262 | |
| Elder Ray (13): | -0.013799 | |
| Super Trend (3,10): | 0.620960 | |
| Zig ZAG (10): | 0.532792 | |
| VORTEX (21): | 0.9792 | |
| Stochastique (14,3,5): | 9.83 | |
| TEMA (21): | 0.521693 | |
| Williams %R (14): | -89.69 | |
| Chande Momentum Oscillator (20): | -0.112490 | |
| Repulse (5,40,3): | -0.6648 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2354 | |
| Courbe Coppock: | 36.96 |
| MA7: | 0.522271 | |
| MA20: | 0.430638 | |
| MA50: | 0.406103 | |
| MA100: | 0.405869 | |
| MAexp7: | 0.535518 | |
| MAexp20: | 0.560337 | |
| MAexp50: | 0.569152 | |
| MAexp100: | 0.552981 | |
| Price / MA7: | +2.70% | |
| Price / MA20: | +24.56% | |
| Price / MA50: | +32.08% | |
| Price / MA100: | +32.16% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | -4.27% | |
| Price / MAexp50: | -5.76% | |
| Price / MAexp100: | -3.00% |
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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