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 12/25/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.730514 USD

My targets

0.795164 USD (+8.28%)

0.836143 USD (+13.86%)

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 0.730514 USD. The next resistance located at 0.795164 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 0.836143 USD. After this resistance, buyers could then target 0.908599 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.6

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 price is 0.734367 USD. The price is lower by -0.03% since the last closing and was traded between 0.729827 USD and 0.734545 USD over the period. The price is currently at +0.62% from its lowest and -0.02% from its highest.

0.729827

0.734545

0.734367

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

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

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BANCOR NETWORK TOKEN - BNT/USD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

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

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Upside gap

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.604528	0.668875	0.733757	0.734367	0.795164	0.836143	0.908599
Change (%)	-17.68%	-8.92%	-0.08%	-	+8.28%	+13.86%	+23.73%
Change	-0.129839	-0.065492	-0.000610	-	+0.060797	+0.101776	+0.174232
Level	Minor	Major	Intermediate	-	Intermediate	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.660009	0.677109	0.705848	0.722948	0.751687	0.768787	0.797526
Camarilla	0.721981	0.726183	0.730385	0.734587	0.738789	0.742991	0.747193
Woodie	0.665829	0.680019	0.711668	0.725858	0.757507	0.771697	0.803346
Fibonacci	0.677109	0.694620	0.705438	0.722948	0.740459	0.751277	0.768787

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.230519	0.417523	0.543510	0.730514	0.856501	1.043505	1.169492
Camarilla	0.583424	0.612114	0.640805	0.669496	0.698187	0.726878	0.755569
Woodie	0.200010	0.402269	0.513001	0.715260	0.825992	1.028251	1.138983
Fibonacci	0.417523	0.537086	0.610952	0.730514	0.850077	0.923943	1.043505

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.246531	0.358927	0.580066	0.692462	0.913601	1.025997	1.247136
Camarilla	0.709484	0.740058	0.770632	0.801206	0.831780	0.862354	0.892928
Woodie	0.300904	0.386113	0.634439	0.719648	0.967974	1.053183	1.301509
Fibonacci	0.358927	0.486337	0.565051	0.692462	0.819872	0.898586	1.025997

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):	64.76
MACD (12,26,9):	0.0089
Directional Movement:	17.575180
AROON (14):	35.714286
DEMA (21):	0.730808
Parabolic SAR (0,02-0,02-0,2):	0.718048
Elder Ray (13):	0.007145
Super Trend (3,10):	0.709669
Zig ZAG (10):	0.731359
VORTEX (21):	1.2257
Stochastique (14,3,5):	73.00
TEMA (21):	0.732401
Williams %R (14):	-22.59
Chande Momentum Oscillator (20):	0.022411
Repulse (5,40,3):	0.7797
ROCnROLL:	1
TRIX (15,9):	0.1883
Courbe Coppock:	5.70

MA7:	0.700201
MA20:	0.815260
MA50:	0.727541
MA100:	0.613919
MAexp7:	0.727934
MAexp20:	0.718618
MAexp50:	0.704845
MAexp100:	0.704887
Price / MA7:	+4.88%
Price / MA20:	-9.92%
Price / MA50:	+0.94%
Price / MA100:	+19.62%
Price / MAexp7:	+0.88%
Price / MAexp20:	+2.19%
Price / MAexp50:	+4.19%
Price / MAexp100:	+4.18%

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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