BANCOR NETWORK TOKEN - BNT/USD - 1H - Technical analysis published on 04/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 0.835423 USD
My targets
0.751624 USD (-5.83%)
0.688171 USD (-13.78%)
My analysis
BANCOR NETWORK TOKEN - BNT/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.835423 USD. The next support located at 0.751624 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.688171 USD. Below this support, sellers could then target 0.630141 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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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 0.798196 USD. The price registered a decrease of -0.36% on the session and was between 0.783932 USD and 0.839683 USD. This implies that the price is at +1.82% from its lowest and at -4.94% from its highest.0.783932
0.839683
0.798196
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 strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 5 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.630141 | 0.688171 | 0.795388 | 0.798196 | 0.835423 | 0.878273 | 0.900681 |
| Change (%) | -21.05% | -13.78% | -0.35% | - | +4.66% | +10.03% | +12.84% |
| Change | -0.168055 | -0.110025 | -0.002808 | - | +0.037227 | +0.080077 | +0.102485 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Minor |
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 | 0.479681 | 0.583926 | 0.692484 | 0.796729 | 0.905287 | 1.009532 | 1.118090 |
| Camarilla | 0.742521 | 0.762028 | 0.781535 | 0.801042 | 0.820549 | 0.840056 | 0.859563 |
| Woodie | 0.481838 | 0.585004 | 0.694641 | 0.797807 | 0.907444 | 1.010610 | 1.120247 |
| Fibonacci | 0.583926 | 0.665217 | 0.715438 | 0.796729 | 0.878020 | 0.928241 | 1.009532 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.599902 | 0.684466 | 0.751624 | 0.836188 | 0.903346 | 0.987910 | 1.055068 |
| Camarilla | 0.777059 | 0.790966 | 0.804874 | 0.818782 | 0.832690 | 0.846598 | 0.860506 |
| Woodie | 0.591199 | 0.680115 | 0.742921 | 0.831837 | 0.894643 | 0.983559 | 1.046365 |
| Fibonacci | 0.684466 | 0.742424 | 0.778230 | 0.836188 | 0.894146 | 0.929952 | 0.987910 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.357513 | 0.537074 | 0.728617 | 0.908178 | 1.099721 | 1.279282 | 1.470825 |
| Camarilla | 0.818105 | 0.852123 | 0.886141 | 0.920159 | 0.954177 | 0.988195 | 1.022213 |
| Woodie | 0.363503 | 0.540070 | 0.734607 | 0.911174 | 1.105711 | 1.282278 | 1.476815 |
| Fibonacci | 0.537074 | 0.678836 | 0.766417 | 0.908178 | 1.049940 | 1.137521 | 1.279282 |
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): | 42.53 | |
| MACD (12,26,9): | -0.0208 | |
| Directional Movement: | 8.388462 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.778190 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.714662 | |
| Elder Ray (13): | -0.008072 | |
| Super Trend (3,10): | 0.813786 | |
| Zig ZAG (10): | 0.787160 | |
| VORTEX (21): | 0.8466 | |
| Stochastique (14,3,5): | 56.47 | |
| TEMA (21): | 0.767809 | |
| Williams %R (14): | -46.26 | |
| Chande Momentum Oscillator (20): | -0.058078 | |
| Repulse (5,40,3): | -3.0158 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3940 | |
| Courbe Coppock: | 18.24 |
| MA7: | 0.851810 | |
| MA20: | 0.853452 | |
| MA50: | 0.872892 | |
| MA100: | 0.810068 | |
| MAexp7: | 0.788291 | |
| MAexp20: | 0.807614 | |
| MAexp50: | 0.834315 | |
| MAexp100: | 0.846234 | |
| Price / MA7: | -6.29% | |
| Price / MA20: | -6.47% | |
| Price / MA50: | -8.56% | |
| Price / MA100: | -1.47% | |
| Price / MAexp7: | +1.26% | |
| Price / MAexp20: | -1.17% | |
| Price / MAexp50: | -4.33% | |
| Price / MAexp100: | -5.68% |
Quotes :
-
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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