BANCOR NETWORK TOKEN - BNT/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
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Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BNTUSD
ISIN:

BANCOR NETWORK TOKEN - BNT/USD - 1H - Technical analysis published on 03/22/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bullish

Technical indicators

22%

39%

My opinion

Bullish above 0.807824 USD

My targets

0.832765 USD (+1.80%)

0.877526 USD (+7.28%)

My analysis

The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade BANCOR NETWORK TOKEN - BNT/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.807824 USD. The buyers' bullish objective is set at 0.832765 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.877526 USD. If there is any crossing, the next objective would be the resistance located at 0.927847 USD. If there is a bearish break in the support located at 0.807824 USD some indecision would arise.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

0.9

Comment on the analysis

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

BANCOR NETWORK TOKEN - BNT/USD rating 0.818002 USD. On the day, this instrument lost -0.07% and was between 0.803826 USD and 0.823858 USD. This implies that the price is at +1.76% from its lowest and at -0.71% from its highest.

0.803826

0.823858

0.818002

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:

Technical

Technical analysis of this 1H chart of BANCOR NETWORK TOKEN - BNT/USD indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals 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 on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.716636	0.773195	0.807824	0.818002	0.832765	0.877526	0.927847
Change (%)	-12.39%	-5.48%	-1.24%	-	+1.80%	+7.28%	+13.43%
Change	-0.101366	-0.044807	-0.010178	-	+0.014763	+0.059524	+0.109845
Level	Intermediate	Minor	Major	-	Intermediate	Minor	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	0.755403	0.774654	0.796620	0.815871	0.837837	0.857088	0.879054
Camarilla	0.807251	0.811030	0.814808	0.818586	0.822364	0.826143	0.829921
Woodie	0.756761	0.775333	0.797978	0.816550	0.839195	0.857767	0.880412
Fibonacci	0.774654	0.790399	0.800126	0.815871	0.831616	0.841343	0.857088

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.504664	0.669299	0.758470	0.923105	1.012276	1.176911	1.266082
Camarilla	0.777844	0.801110	0.824376	0.847641	0.870907	0.894172	0.917438
Woodie	0.466932	0.650433	0.720738	0.904239	0.974544	1.158045	1.228350
Fibonacci	0.669299	0.766253	0.826151	0.923105	1.020059	1.079957	1.176911

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.487566	0.587144	0.718782	0.818360	0.949998	1.049576	1.181214
Camarilla	0.786836	0.808030	0.829225	0.850420	0.871615	0.892810	0.914004
Woodie	0.503596	0.595159	0.734812	0.826375	0.966028	1.057591	1.197244
Fibonacci	0.587144	0.675469	0.730036	0.818360	0.906685	0.961252	1.049576

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):	50.00
MACD (12,26,9):	0.0023
Directional Movement:	-7.208366
AROON (14):	-7.142857
DEMA (21):	0.819743
Parabolic SAR (0,02-0,02-0,2):	0.826532
Elder Ray (13):	-0.005581
Super Trend (3,10):	0.788584
Zig ZAG (10):	0.813424
VORTEX (21):	0.9892
Stochastique (14,3,5):	53.96
TEMA (21):	0.815289
Williams %R (14):	-57.36
Chande Momentum Oscillator (20):	-0.007823
Repulse (5,40,3):	-0.6105
ROCnROLL:	-1
TRIX (15,9):	0.0766
Courbe Coppock:	1.40

MA7:	0.822226
MA20:	0.906496
MA50:	0.836450
MA100:	0.786593
MAexp7:	0.814590
MAexp20:	0.815237
MAexp50:	0.808898
MAexp100:	0.817866
Price / MA7:	-0.51%
Price / MA20:	-9.76%
Price / MA50:	-2.21%
Price / MA100:	+3.99%
Price / MAexp7:	+0.42%
Price / MAexp20:	+0.34%
Price / MAexp50:	+1.13%
Price / MAexp100:	+0.02%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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