NANO - XNO/USDT - 1H - Technical analysis published on 12/23/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 0.668880 USDT
My targets
0.717500 USDT (+4.76%)
0.748900 USDT (+9.34%)
My analysis
NANO - NANO/USDT 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 0.668880 USDT. The next resistance located at 0.717500 USDT 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 0.748900 USDT. After this resistance, buyers could then target 0.778267 USDT. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.4
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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 0.684900 USDT. On the day, this instrument gained +0.63% and was traded between 0.672100 USDT and 0.690300 USDT over the period. The price is currently at +1.90% from its lowest and -0.78% from its highest.0.672100
0.690300
0.684900
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 1H of this NANO - NANO/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Piercing line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.619433 | 0.636700 | 0.668880 | 0.684900 | 0.688300 | 0.717500 | 0.748900 |
| Change (%) | -9.56% | -7.04% | -2.34% | - | +0.50% | +4.76% | +9.34% |
| Change | -0.065467 | -0.048200 | -0.016020 | - | +0.003400 | +0.032600 | +0.064000 |
| Level | Intermediate | Minor | Intermediate | - | 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 | 0.631700 | 0.643600 | 0.662100 | 0.674000 | 0.692500 | 0.704400 | 0.722900 |
| Camarilla | 0.672240 | 0.675027 | 0.677813 | 0.680600 | 0.683387 | 0.686173 | 0.688960 |
| Woodie | 0.635000 | 0.645250 | 0.665400 | 0.675650 | 0.695800 | 0.706050 | 0.726200 |
| Fibonacci | 0.643600 | 0.655213 | 0.662387 | 0.674000 | 0.685613 | 0.692787 | 0.704400 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.480400 | 0.549700 | 0.610300 | 0.679600 | 0.740200 | 0.809500 | 0.870100 |
| Camarilla | 0.635178 | 0.647085 | 0.658993 | 0.670900 | 0.682808 | 0.694715 | 0.706623 |
| Woodie | 0.476050 | 0.547525 | 0.605950 | 0.677425 | 0.735850 | 0.807325 | 0.865750 |
| Fibonacci | 0.549700 | 0.599322 | 0.629978 | 0.679600 | 0.729222 | 0.759878 | 0.809500 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.81 | |
| MACD (12,26,9): | 0.0021 | |
| Directional Movement: | 2.830135 | |
| AROON (14): | -35.714287 | |
| DEMA (21): | 0.684828 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.672426 | |
| Elder Ray (13): | 0.002852 | |
| Super Trend (3,10): | 0.668295 | |
| Zig ZAG (10): | 0.684400 | |
| VORTEX (21): | 1.0371 | |
| Stochastique (14,3,5): | 70.90 | |
| TEMA (21): | 0.685675 | |
| Williams %R (14): | -44.51 | |
| Chande Momentum Oscillator (20): | -0.000100 | |
| Repulse (5,40,3): | 0.1896 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0540 | |
| Courbe Coppock: | 0.17 |
| MA7: | 0.678700 | |
| MA20: | 0.751300 | |
| MA50: | 0.844462 | |
| MA100: | 0.827795 | |
| MAexp7: | 0.682997 | |
| MAexp20: | 0.681869 | |
| MAexp50: | 0.679144 | |
| MAexp100: | 0.679822 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | -8.84% | |
| Price / MA50: | -18.90% | |
| Price / MA100: | -17.26% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | +0.85% | |
| Price / MAexp100: | +0.75% |
This member declared not having a position on this financial instrument or a related financial instrument.
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