BANCOR NETWORK TOKEN - BNT/USD - 1H - Technical analysis published on 11/11/2024 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 0.578294 USD
My targets
0.624889 USD (+3.56%)
0.656408 USD (+8.78%)
My analysis
The basic bullish trend is very strong on BANCOR NETWORK TOKEN - BNT/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.578294 USD. Crossing the first resistance at 0.624889 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.656408 USD as an objective. Crossing it would then enable buyers to target 0.708464 USD. Caution, a return to below 0.578294 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.9
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Additional analysis
Quotes
The BANCOR NETWORK TOKEN - BNT/USD rating is 0.603432 USD. The price registered an increase of +1.59% on the session and was between 0.595159 USD and 0.603665 USD. This implies that the price is at +1.39% from its lowest and at -0.04% from its highest.0.595159
0.603665
0.603432
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BANCOR NETWORK TOKEN - BNT/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BANCOR NETWORK TOKEN - BNT/USD in 1H shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.553165 | 0.566384 | 0.578294 | 0.603432 | 0.656408 | 0.708464 | 0.836115 |
| Change (%) | -8.33% | -6.14% | -4.17% | - | +8.78% | +17.41% | +38.56% |
| Change | -0.050267 | -0.037048 | -0.025138 | - | +0.052976 | +0.105032 | +0.232683 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | 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 | 0.508412 | 0.538180 | 0.566089 | 0.595857 | 0.623766 | 0.653534 | 0.681443 |
| Camarilla | 0.578136 | 0.583423 | 0.588710 | 0.593997 | 0.599284 | 0.604571 | 0.609858 |
| Woodie | 0.507482 | 0.537715 | 0.565159 | 0.595392 | 0.622836 | 0.653069 | 0.680513 |
| Fibonacci | 0.538180 | 0.560213 | 0.573825 | 0.595857 | 0.617890 | 0.631502 | 0.653534 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.358037 | 0.403203 | 0.491463 | 0.536629 | 0.624889 | 0.670055 | 0.758315 |
| Camarilla | 0.543031 | 0.555262 | 0.567492 | 0.579723 | 0.591954 | 0.604184 | 0.616415 |
| Woodie | 0.379584 | 0.413977 | 0.513010 | 0.547403 | 0.646436 | 0.680829 | 0.779862 |
| Fibonacci | 0.403203 | 0.454172 | 0.485660 | 0.536629 | 0.587598 | 0.619086 | 0.670055 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.334555 | 0.386590 | 0.443950 | 0.495985 | 0.553345 | 0.605380 | 0.662740 |
| Camarilla | 0.471227 | 0.481255 | 0.491283 | 0.501311 | 0.511339 | 0.521367 | 0.531395 |
| Woodie | 0.337219 | 0.387921 | 0.446614 | 0.497316 | 0.556009 | 0.606711 | 0.665404 |
| Fibonacci | 0.386590 | 0.428379 | 0.454196 | 0.495985 | 0.537774 | 0.563591 | 0.605380 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.18 | |
| MACD (12,26,9): | 0.0035 | |
| Directional Movement: | -10.150345 | |
| AROON (14): | -21.428571 | |
| DEMA (21): | 0.607009 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.613897 | |
| Elder Ray (13): | -0.002834 | |
| Super Trend (3,10): | 0.618257 | |
| Zig ZAG (10): | 0.602516 | |
| VORTEX (21): | 1.0975 | |
| Stochastique (14,3,5): | 45.14 | |
| TEMA (21): | 0.603780 | |
| Williams %R (14): | -46.84 | |
| Chande Momentum Oscillator (20): | -0.008428 | |
| Repulse (5,40,3): | 1.1287 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1742 | |
| Courbe Coppock: | 0.61 |
| MA7: | 0.554223 | |
| MA20: | 0.512050 | |
| MA50: | 0.508350 | |
| MA100: | 0.494830 | |
| MAexp7: | 0.600931 | |
| MAexp20: | 0.599747 | |
| MAexp50: | 0.586475 | |
| MAexp100: | 0.566775 | |
| Price / MA7: | +8.88% | |
| Price / MA20: | +17.85% | |
| Price / MA50: | +18.70% | |
| Price / MA100: | +21.95% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.61% | |
| Price / MAexp50: | +2.89% | |
| Price / MAexp100: | +6.47% |
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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