Londinia Opportunities Analyses - 05/16/2024 (GMT) BANCOR NETWORK TOKEN - BNT/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | BNTUSDT |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.698854 USDT
My targets
0.709524 USDT (+0.87%)
0.719650 USDT (+2.31%)
My analysis
The bullish trend is currently very strong on BANCOR NETWORK TOKEN - BNT/USDT. As long as the price remains above the support at 0.698854 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.709524 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.719650 USDT as an objective. Crossing it would then enable buyers to target 0.842543 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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Additional analysis
Quotes
The BANCOR NETWORK TOKEN - BNT/USDT rating is 0.703381 USDT. The price has increased by +1.04% since the last closing with the lowest point at 0.686774 USDT and the highest point at 0.710185 USDT. The deviation from the price is +2.42% for the low point and -0.96% for the high point.0.686774
0.710185
0.703381
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of BANCOR NETWORK TOKEN - BNT/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% 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.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
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.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.668175 | 0.687849 | 0.698854 | 0.703381 | 0.709524 | 0.719650 | 0.842543 |
| Change (%) | -5.01% | -2.21% | -0.64% | - | +0.87% | +2.31% | +19.78% |
| Change | -0.035206 | -0.015532 | -0.004527 | - | +0.006143 | +0.016269 | +0.139162 |
| Level | Minor | Intermediate | Minor | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.624382 | 0.639107 | 0.667627 | 0.682352 | 0.710872 | 0.725597 | 0.754117 |
| Camarilla | 0.684256 | 0.688220 | 0.692184 | 0.696148 | 0.700112 | 0.704076 | 0.708040 |
| Woodie | 0.631281 | 0.642556 | 0.674526 | 0.685801 | 0.717771 | 0.729046 | 0.761016 |
| Fibonacci | 0.639107 | 0.655626 | 0.665832 | 0.682352 | 0.698871 | 0.709077 | 0.725597 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.603282 | 0.638293 | 0.656280 | 0.691291 | 0.709278 | 0.744289 | 0.762276 |
| Camarilla | 0.659694 | 0.664552 | 0.669410 | 0.674268 | 0.679126 | 0.683984 | 0.688843 |
| Woodie | 0.594771 | 0.634037 | 0.647769 | 0.687035 | 0.700767 | 0.740033 | 0.753765 |
| Fibonacci | 0.638293 | 0.658538 | 0.671045 | 0.691291 | 0.711536 | 0.724043 | 0.744289 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.273165 | 0.456142 | 0.558662 | 0.741639 | 0.844159 | 1.027136 | 1.129656 |
| Camarilla | 0.582671 | 0.608842 | 0.635012 | 0.661183 | 0.687354 | 0.713524 | 0.739695 |
| Woodie | 0.232938 | 0.436028 | 0.518435 | 0.721525 | 0.803932 | 1.007022 | 1.089429 |
| Fibonacci | 0.456142 | 0.565202 | 0.632579 | 0.741639 | 0.850699 | 0.918076 | 1.027136 |
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): | 60.41 | |
| MACD (12,26,9): | 0.0038 | |
| Directional Movement: | 12.473830 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.703165 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.689193 | |
| Elder Ray (13): | 0.003876 | |
| Super Trend (3,10): | 0.711917 | |
| Zig ZAG (10): | 0.703518 | |
| VORTEX (21): | 1.0604 | |
| Stochastique (14,3,5): | 90.71 | |
| TEMA (21): | 0.702074 | |
| Williams %R (14): | -18.12 | |
| Chande Momentum Oscillator (20): | 0.005428 | |
| Repulse (5,40,3): | 0.6964 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0796 | |
| Courbe Coppock: | 0.33 |
| MA7: | 0.679426 | |
| MA20: | 0.687739 | |
| MA50: | 0.750348 | |
| MA100: | 0.799927 | |
| MAexp7: | 0.701359 | |
| MAexp20: | 0.697855 | |
| MAexp50: | 0.689651 | |
| MAexp100: | 0.683978 | |
| Price / MA7: | +3.53% | |
| Price / MA20: | +2.27% | |
| Price / MA50: | -6.26% | |
| Price / MA100: | -12.07% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | +0.79% | |
| Price / MAexp50: | +1.99% | |
| Price / MAexp100: | +2.84% |
Quotes :
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Real time data
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Cryptocompare