NANO - NANO/USDT - 1H - Technical analysis published on 04/07/2020 (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
Court terme:
Neutral
De fond:
Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 0.581067 USDT
My targets
0.618980 USDT (+1.92%)
0.672400 USDT (+10.72%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NANO - NANO/USDT. As long as you are above the support located at 0.581067 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.618980 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.672400 USDT as an objective. Crossing it would then enable buyers to target 0.718283 USDT. If the support 0.581067 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
3.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NANO - NANO/USDT price is 0.607300 USDT. The price has increased by -1.20% since the last closing and was between 0.602600 USDT and 0.630700 USDT. This implies that the price is at +0.78% from its lowest and at -3.71% from its highest.0.602600
0.630700
0.607300
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NANO - NANO/USDT:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of NANO - NANO/USDT in 1H shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently positioned 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
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.462725 | 0.506600 | 0.575467 | 0.607300 | 0.618980 | 0.672400 | 0.718283 |
| Change (%) | -23.81% | -16.58% | -5.24% | - | +1.92% | +10.72% | +18.27% |
| Change | -0.144575 | -0.100700 | -0.031833 | - | +0.011680 | +0.065100 | +0.110983 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | 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 | 0.570167 | 0.579833 | 0.597267 | 0.606933 | 0.624367 | 0.634033 | 0.651467 |
| Camarilla | 0.607248 | 0.609732 | 0.612216 | 0.614700 | 0.617184 | 0.619668 | 0.622153 |
| Woodie | 0.574050 | 0.581775 | 0.601150 | 0.608875 | 0.628250 | 0.635975 | 0.655350 |
| Fibonacci | 0.579833 | 0.590186 | 0.596581 | 0.606933 | 0.617286 | 0.623681 | 0.634033 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.248233 | 0.339567 | 0.489733 | 0.581067 | 0.731233 | 0.822567 | 0.972733 |
| Camarilla | 0.573488 | 0.595625 | 0.617763 | 0.639900 | 0.662038 | 0.684175 | 0.706313 |
| Woodie | 0.277650 | 0.354275 | 0.519150 | 0.595775 | 0.760650 | 0.837275 | 1.002150 |
| Fibonacci | 0.339567 | 0.431820 | 0.488814 | 0.581067 | 0.673320 | 0.730314 | 0.822567 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.360333 | -0.046067 | 0.211667 | 0.525933 | 0.783667 | 1.097933 | 1.355667 |
| Camarilla | 0.312100 | 0.364533 | 0.416967 | 0.469400 | 0.521833 | 0.574267 | 0.626700 |
| Woodie | -0.388600 | -0.060200 | 0.183400 | 0.511800 | 0.755400 | 1.083800 | 1.327400 |
| Fibonacci | -0.046067 | 0.172437 | 0.307429 | 0.525933 | 0.744437 | 0.879429 | 1.097933 |
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): | 45.83 | |
| MACD (12,26,9): | 0.0034 | |
| Directional Movement: | 9.854258 | |
| AROON (14): | 71.428573 | |
| DEMA (21): | 0.617786 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.605201 | |
| Elder Ray (13): | -0.003677 | |
| Super Trend (3,10): | 0.605750 | |
| Zig ZAG (10): | 0.607300 | |
| VORTEX (21): | 1.0679 | |
| Stochastique (14,3,5): | 67.62 | |
| TEMA (21): | 0.620702 | |
| Williams %R (14): | -44.13 | |
| Chande Momentum Oscillator (20): | 0.006500 | |
| Repulse (5,40,3): | -0.4922 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1137 | |
| Courbe Coppock: | 2.31 |
| MA7: | 0.577414 | |
| MA20: | 0.505170 | |
| MA50: | 0.632062 | |
| MA100: | 0.704531 | |
| MAexp7: | 0.617945 | |
| MAexp20: | 0.612765 | |
| MAexp50: | 0.604071 | |
| MAexp100: | 0.585635 | |
| Price / MA7: | +5.18% | |
| Price / MA20: | +20.22% | |
| Price / MA50: | -3.92% | |
| Price / MA100: | -13.80% | |
| Price / MAexp7: | -1.72% | |
| Price / MAexp20: | -0.89% | |
| Price / MAexp50: | +0.53% | |
| Price / MAexp100: | +3.70% |
This member declared not having a position on this financial instrument or a related financial instrument.
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