NANO - NANO/USDT

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Type:	Cryptocurrencies
Ticker:	NANOUSDT
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NANO - NANO/USDT - Daily - Technical analysis published on 12/03/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

33%

28%

39%

My opinion

Bearish under 0.881800 USDT

My targets

0.717500 USDT (-14.21%)

My analysis

NANO - NANO/USDT 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 0.881800 USDT. The next support located at 0.717500 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. 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.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

FORCE

4.8

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NANO - NANO/USDT rating is 0.836300 USDT. On the day, this instrument lost -0.49% and was between 0.831700 USDT and 0.851500 USDT. This implies that the price is at +0.55% from its lowest and at -1.79% from its highest.

0.831700

0.851500

0.836300

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in Daily of this NANO - NANO/USDT chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

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

Near resistance of channel

Type : Bearish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.717500	0.836300	0.881800	1.043110	1.243500
Change (%)	-14.21%	-	+5.44%	+24.73%	+48.69%
Change	-0.118800	-	+0.045500	+0.206810	+0.407200
Level	Intermediate	-	Major	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.766567	0.799333	0.819867	0.852633	0.873167	0.905933	0.926467
Camarilla	0.825743	0.830628	0.835514	0.840400	0.845286	0.850172	0.855058
Woodie	0.760450	0.796275	0.813750	0.849575	0.867050	0.902875	0.920350
Fibonacci	0.799333	0.819694	0.832273	0.852633	0.872994	0.885573	0.905933

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.521467	0.606233	0.747867	0.832633	0.974267	1.059033	1.200667
Camarilla	0.827240	0.847993	0.868747	0.889500	0.910253	0.931007	0.951760
Woodie	0.549900	0.620450	0.776300	0.846850	1.002700	1.073250	1.229100
Fibonacci	0.606233	0.692718	0.746149	0.832633	0.919118	0.972549	1.059033

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.296667	0.493833	0.691667	0.888833	1.086667	1.283833	1.481667
Camarilla	0.780875	0.817083	0.853292	0.889500	0.925708	0.961917	0.998125
Woodie	0.297000	0.494000	0.692000	0.889000	1.087000	1.284000	1.482000
Fibonacci	0.493833	0.644723	0.737943	0.888833	1.039723	1.132943	1.283833

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):	45.96
MACD (12,26,9):	-0.0125
Directional Movement:	0.848455
AROON (14):	-28.571429
DEMA (21):	0.847758
Parabolic SAR (0,02-0,02-0,2):	0.708576
Elder Ray (13):	-0.013540
Super Trend (3,10):	0.965012
Zig ZAG (10):	0.837700
VORTEX (21):	0.8666
Stochastique (14,3,5):	65.97
TEMA (21):	0.832124
Williams %R (14):	-40.73
Chande Momentum Oscillator (20):	-0.028700
Repulse (5,40,3):	-1.6331
ROCnROLL:	2
TRIX (15,9):	-0.2353
Courbe Coppock:	10.42

MA7:	0.859800
MA20:	0.860965
MA50:	0.872584
MA100:	0.866573
MAexp7:	0.851627
MAexp20:	0.862697
MAexp50:	0.873030
MAexp100:	0.917349
Price / MA7:	-2.73%
Price / MA20:	-2.86%
Price / MA50:	-4.16%
Price / MA100:	-3.49%
Price / MAexp7:	-1.80%
Price / MAexp20:	-3.06%
Price / MAexp50:	-4.21%
Price / MAexp100:	-8.84%

This member declared not having a position on this financial instrument or a related financial instrument.

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