BANCOR - BNT/USD - 1H - Technical analysis published on 10/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
11%
67%
22%
My opinion
Bearish under 0.517870 USD
My targets
0.500353 USD (-1.66%)
0.491517 USD (-3.40%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or 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 0.517870 USD. The next bearish objective for sellers is set at 0.500353 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.491517 USD. In case of crossing, the next objective would be the support located at 0.472937 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 0.500353 USD. With this support, against the trend traders who want to buy BANCOR NETWORK TOKEN - BNT/USD on a buy signal from their trading strategy should not hesitate to act.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BANCOR NETWORK TOKEN - BNT/USD rating 0.508819 USD. On the day, this instrument lost -0.08% with the lowest point at 0.501535 USD and the highest point at 0.518997 USD. The deviation from the price is +1.45% for the low point and -1.96% for the high point.0.501535
0.518997
0.508819
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:
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. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.472937 | 0.491517 | 0.500353 | 0.508819 | 0.517870 | 0.526683 | 0.544209 |
| Change (%) | -7.05% | -3.40% | -1.66% | - | +1.78% | +3.51% | +6.96% |
| Change | -0.035882 | -0.017302 | -0.008466 | - | +0.009051 | +0.017864 | +0.035390 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.438524 | 0.468185 | 0.488696 | 0.518357 | 0.538868 | 0.568529 | 0.589040 |
| Camarilla | 0.495409 | 0.500008 | 0.504607 | 0.509206 | 0.513805 | 0.518404 | 0.523003 |
| Woodie | 0.433948 | 0.465898 | 0.484120 | 0.516070 | 0.534292 | 0.566242 | 0.584464 |
| Fibonacci | 0.468185 | 0.487351 | 0.499192 | 0.518357 | 0.537523 | 0.549364 | 0.568529 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.399511 | 0.427937 | 0.461019 | 0.489445 | 0.522527 | 0.550953 | 0.584035 |
| Camarilla | 0.477187 | 0.482826 | 0.488464 | 0.494102 | 0.499740 | 0.505379 | 0.511017 |
| Woodie | 0.401840 | 0.429101 | 0.463348 | 0.490609 | 0.524856 | 0.552117 | 0.586364 |
| Fibonacci | 0.427937 | 0.451433 | 0.465949 | 0.489445 | 0.512941 | 0.527457 | 0.550953 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.292024 | 0.353981 | 0.431954 | 0.493911 | 0.571884 | 0.633841 | 0.711814 |
| Camarilla | 0.471445 | 0.484272 | 0.497099 | 0.509926 | 0.522753 | 0.535580 | 0.548407 |
| Woodie | 0.300031 | 0.357985 | 0.439961 | 0.497915 | 0.579891 | 0.637845 | 0.719821 |
| Fibonacci | 0.353981 | 0.407435 | 0.440458 | 0.493911 | 0.547365 | 0.580388 | 0.633841 |
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): | 43.67 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | 1.013727 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.510480 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.498607 | |
| Elder Ray (13): | -0.006087 | |
| Super Trend (3,10): | 0.523635 | |
| Zig ZAG (10): | 0.506674 | |
| VORTEX (21): | 0.9332 | |
| Stochastique (14,3,5): | 38.31 | |
| TEMA (21): | 0.509054 | |
| Williams %R (14): | -64.87 | |
| Chande Momentum Oscillator (20): | -0.000689 | |
| Repulse (5,40,3): | -0.2864 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0064 | |
| Courbe Coppock: | 0.20 |
| MA7: | 0.497562 | |
| MA20: | 0.494140 | |
| MA50: | 0.487445 | |
| MA100: | 0.515050 | |
| MAexp7: | 0.509956 | |
| MAexp20: | 0.510889 | |
| MAexp50: | 0.509225 | |
| MAexp100: | 0.503739 | |
| Price / MA7: | +2.26% | |
| Price / MA20: | +2.97% | |
| Price / MA50: | +4.38% | |
| Price / MA100: | -1.21% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.41% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | +1.01% |
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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