BANCOR NETWORK TOKEN - BNT/USD

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Type:	Cryptocurrencies
Ticker:	BNTUSD
ISIN:

BANCOR NETWORK TOKEN - BNT/USD - 1H - Technical analysis published on 12/30/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

33%

39%

My opinion

Bearish under 0.690559 USD

My targets

0.646526 USD (-3.35%)

0.604528 USD (-9.63%)

My analysis

BANCOR NETWORK TOKEN - BNT/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.690559 USD. The next support located at 0.646526 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.604528 USD. Below this support, sellers could then target 0.543441 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.3

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 0.668927 USD. The price is lower by -0.35% since the last closing and was between 0.651616 USD and 0.691244 USD. This implies that the price is at +2.66% from its lowest and at -3.23% from its highest.

0.651616

0.691244

0.668927

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

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this BANCOR NETWORK TOKEN - BNT/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of triangle

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	0.543441	0.604528	0.668875	0.668927	0.690559	0.716239	0.733594
Change (%)	-18.76%	-9.63%	-0.01%	-	+3.23%	+7.07%	+9.67%
Change	-0.125486	-0.064399	-0.000052	-	+0.021632	+0.047312	+0.064667
Level	Major	Minor	Major	-	Intermediate	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.619272	0.640395	0.655836	0.676959	0.692400	0.713523	0.728964
Camarilla	0.661223	0.664575	0.667926	0.671278	0.674630	0.677981	0.681333
Woodie	0.616432	0.638975	0.652996	0.675539	0.689560	0.712103	0.726124
Fibonacci	0.640395	0.654362	0.662991	0.676959	0.690926	0.699555	0.713523

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.543068	0.595463	0.646526	0.698921	0.749984	0.802379	0.853442
Camarilla	0.669138	0.678622	0.688105	0.697589	0.707073	0.716556	0.726040
Woodie	0.542402	0.595130	0.645860	0.698588	0.749318	0.802046	0.852776
Fibonacci	0.595463	0.634984	0.659400	0.698921	0.738442	0.762858	0.802379

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.391075	0.474561	0.637884	0.721370	0.884693	0.968179	1.131502
Camarilla	0.733334	0.755958	0.778582	0.801206	0.823830	0.846454	0.869079
Woodie	0.430993	0.494520	0.677802	0.741329	0.924611	0.988138	1.171420
Fibonacci	0.474561	0.568842	0.627089	0.721370	0.815651	0.873898	0.968179

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):	43.22
MACD (12,26,9):	-0.0023
Directional Movement:	-4.010026
AROON (14):	35.714286
DEMA (21):	0.670159
Parabolic SAR (0,02-0,02-0,2):	0.658069
Elder Ray (13):	-0.007599
Super Trend (3,10):	0.655750
Zig ZAG (10):	0.664227
VORTEX (21):	0.9653
Stochastique (14,3,5):	55.32
TEMA (21):	0.671351
Williams %R (14):	-57.56
Chande Momentum Oscillator (20):	-0.005127
Repulse (5,40,3):	-1.1093
ROCnROLL:	2
TRIX (15,9):	-0.0620
Courbe Coppock:	2.46

MA7:	0.693856
MA20:	0.755330
MA50:	0.744014
MA100:	0.625559
MAexp7:	0.672965
MAexp20:	0.673671
MAexp50:	0.678519
MAexp100:	0.683894
Price / MA7:	-3.59%
Price / MA20:	-11.44%
Price / MA50:	-10.09%
Price / MA100:	+6.93%
Price / MAexp7:	-0.60%
Price / MAexp20:	-0.70%
Price / MAexp50:	-1.41%
Price / MAexp100:	-2.19%

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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