NANO - NANO/USDT - 15 min. - Technical analysis published on 03/24/2020 (GMT)
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- Timeframe : 15 min.
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- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bullish
Technical indicators
22%
39%
39%
My opinion
Neutral between 0.464033 USDT and 0.532667 USDT
My targets
-
My analysis
The strong short-term decrease on NANO - NANO/USDT is in contrast to the bullish trend. Sellers are trying to regain control of the asset and a reversal of the trend could be possible. It would be interesting to understand what caused such a fall. Has an economic announcement impacting the basics been published? As long as the price remains above 0.464033 USDT, you could take advantage of the short-term boom. The first bearish objective would be 0.464033 USDT. Then the price could move towards 0.428867 USDT. Then 0.360233 USDT by extension. Attention should be paid to reaction of the price on these supports to see if buyers show up. Be careful, a return to above 0.532667 USDT could be a sign of a recovery in the basic bullish trend.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.
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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 0.489500 USDT. The price registered an increase of -1.61% on the session and was between 0.476800 USDT and 0.530600 USDT. This implies that the price is at +2.66% from its lowest and at -7.75% from its highest.0.476800
0.530600
0.489500
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 15 min. chart of NANO - NANO/USDT indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that there could be a reversal of the trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.395960 | 0.427467 | 0.461840 | 0.489500 | 0.504620 | 0.532200 | 0.618980 |
| Change (%) | -19.11% | -12.67% | -5.65% | - | +3.09% | +8.72% | +26.45% |
| Change | -0.093540 | -0.062033 | -0.027660 | - | +0.015120 | +0.042700 | +0.129480 |
| Level | Intermediate | Minor | Intermediate | - | Minor | 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 | 0.325067 | 0.360233 | 0.428867 | 0.464033 | 0.532667 | 0.567833 | 0.636467 |
| Camarilla | 0.468955 | 0.478470 | 0.487985 | 0.497500 | 0.507015 | 0.516530 | 0.526045 |
| Woodie | 0.341800 | 0.368600 | 0.445600 | 0.472400 | 0.549400 | 0.576200 | 0.653200 |
| Fibonacci | 0.360233 | 0.399885 | 0.424382 | 0.464033 | 0.503685 | 0.528182 | 0.567833 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.111867 | 0.213933 | 0.328067 | 0.430133 | 0.544267 | 0.646333 | 0.760467 |
| Camarilla | 0.382745 | 0.402563 | 0.422382 | 0.442200 | 0.462018 | 0.481837 | 0.501655 |
| Woodie | 0.117900 | 0.216950 | 0.334100 | 0.433150 | 0.550300 | 0.649350 | 0.766500 |
| Fibonacci | 0.213933 | 0.296522 | 0.347545 | 0.430133 | 0.512722 | 0.563745 | 0.646333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.060633 | 0.390167 | 0.563933 | 0.893467 | 1.067233 | 1.396767 | 1.570533 |
| Camarilla | 0.599293 | 0.645428 | 0.691564 | 0.737700 | 0.783836 | 0.829972 | 0.876108 |
| Woodie | -0.017250 | 0.351225 | 0.486050 | 0.854525 | 0.989350 | 1.357825 | 1.492650 |
| Fibonacci | 0.390167 | 0.582427 | 0.701206 | 0.893467 | 1.085727 | 1.204506 | 1.396767 |
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): | 49.30 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 2.141539 | |
| AROON (14): | -64.285715 | |
| DEMA (21): | 0.507814 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.521262 | |
| Elder Ray (13): | -0.004344 | |
| Super Trend (3,10): | 0.513885 | |
| Zig ZAG (10): | 0.506400 | |
| VORTEX (21): | 0.9780 | |
| Stochastique (14,3,5): | 25.47 | |
| TEMA (21): | 0.503651 | |
| Williams %R (14): | -65.95 | |
| Chande Momentum Oscillator (20): | -0.021800 | |
| Repulse (5,40,3): | 0.8664 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0712 | |
| Courbe Coppock: | 3.30 |
| MA7: | 0.452671 | |
| MA20: | 0.531410 | |
| MA50: | 0.768984 | |
| MA100: | 0.727646 | |
| MAexp7: | 0.503759 | |
| MAexp20: | 0.505933 | |
| MAexp50: | 0.498492 | |
| MAexp100: | 0.482369 | |
| Price / MA7: | +8.14% | |
| Price / MA20: | -7.89% | |
| Price / MA50: | -36.34% | |
| Price / MA100: | -32.73% | |
| Price / MAexp7: | -2.65% | |
| Price / MAexp20: | -3.07% | |
| Price / MAexp50: | -1.62% | |
| Price / MAexp100: | +1.66% |
This member declared not having a position on this financial instrument or a related financial instrument.
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