BANCOR NETWORK TOKEN - BNT/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BNTUSD
ISIN:

BANCOR NETWORK TOKEN - BNT/USD - 1H - Technical analysis published on 05/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 0.683848 USD

My targets

0.717762 USD (+2.22%)

0.735654 USD (+4.76%)

My analysis

BANCOR NETWORK TOKEN - BNT/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.683848 USD. The next resistance located at 0.717762 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.735654 USD. After this resistance, buyers could then target 0.751222 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

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

The BANCOR NETWORK TOKEN - BNT/USD rating is 0.702206 USD. The price is lower by -0.10% since the last closing and was traded between 0.689860 USD and 0.708916 USD over the period. The price is currently at +1.79% from its lowest and -0.95% from its highest.

0.689860

0.708916

0.702206

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BANCOR NETWORK TOKEN - BNT/USD:

Technical

Technical analysis of this 1H chart of BANCOR NETWORK TOKEN - BNT/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 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:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.631843	0.658820	0.683848	0.702206	0.705904	0.717762	0.735654
Change (%)	-10.02%	-6.18%	-2.61%	-	+0.53%	+2.22%	+4.76%
Change	-0.070363	-0.043386	-0.018358	-	+0.003698	+0.015556	+0.033448
Level	Major	Intermediate	Intermediate	-	Minor	Intermediate	Intermediate

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	0.626002	0.642411	0.672641	0.689050	0.719280	0.735689	0.765919
Camarilla	0.690045	0.694321	0.698596	0.702871	0.707146	0.711422	0.715697
Woodie	0.632913	0.645866	0.679552	0.692505	0.726191	0.739144	0.772830
Fibonacci	0.642411	0.660227	0.671234	0.689050	0.706866	0.717873	0.735689

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.583672	0.633562	0.673969	0.723859	0.764266	0.814156	0.854563
Camarilla	0.689543	0.697821	0.706098	0.714375	0.722652	0.730930	0.739207
Woodie	0.578930	0.631191	0.669227	0.721488	0.759524	0.811785	0.849821
Fibonacci	0.633562	0.668056	0.689366	0.723859	0.758353	0.779663	0.814156

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.265965	0.450954	0.554962	0.739951	0.843959	1.028948	1.132956
Camarilla	0.579497	0.605988	0.632480	0.658971	0.685462	0.711954	0.738445
Woodie	0.225476	0.430709	0.514473	0.719706	0.803470	1.008703	1.092467
Fibonacci	0.450954	0.561351	0.629554	0.739951	0.850348	0.918551	1.028948

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):	57.06
MACD (12,26,9):	0.0057
Directional Movement:	10.197854
AROON (14):	64.285715
DEMA (21):	0.705767
Parabolic SAR (0,02-0,02-0,2):	0.692386
Elder Ray (13):	0.002098
Super Trend (3,10):	0.680138
Zig ZAG (10):	0.703956
VORTEX (21):	1.0810
Stochastique (14,3,5):	77.57
TEMA (21):	0.705564
Williams %R (14):	-26.10
Chande Momentum Oscillator (20):	0.011488
Repulse (5,40,3):	1.4964
ROCnROLL:	1
TRIX (15,9):	0.1309
Courbe Coppock:	1.42

MA7:	0.685868
MA20:	0.706107
MA50:	0.786251
MA100:	0.802573
MAexp7:	0.702713
MAexp20:	0.697506
MAexp50:	0.686796
MAexp100:	0.681238
Price / MA7:	+2.38%
Price / MA20:	-0.55%
Price / MA50:	-10.69%
Price / MA100:	-12.51%
Price / MAexp7:	-0.07%
Price / MAexp20:	+0.67%
Price / MAexp50:	+2.24%
Price / MAexp100:	+3.08%

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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