BANCOR NETWORK TOKEN - BNT/USD

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Type:	Cryptocurrencies
Ticker:	BNTUSD
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BANCOR NETWORK TOKEN - BNT/USD - 1H - Technical analysis published on 10/16/2024 (GMT)

Londinia

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

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

2.5

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 0.508819 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

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

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

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 : - 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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