Londinia Opportunities Analyses - 12/31/2024 (GMT) BANCOR - BNT/USDT - 1H

BANCOR - BNT/USDT
- USDT (-)
- Real time data - CoinMarketCap
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: Bearish
Underlying: Strongly bearish
Technical indicators
6%
67%
28%
My opinion
Bearish under 0.670517 USDT
My targets
0.650845 USDT (-1.93%)
0.611260 USDT (-7.90%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BANCOR NETWORK TOKEN - BNT/USDT as long as the price remains well below 0.670517 USDT. The next bearish objective for sellers is set at 0.650845 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.611260 USDT. If there is any crossing, the next objective would be the support located at 0.543662 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

BANCOR NETWORK TOKEN - BNT/USDT rating 0.663677 USDT. The price is lower by -0.87% since the last closing and was traded between 0.657946 USDT and 0.690157 USDT over the period. The price is currently at +0.87% from its lowest and -3.84% from its highest.

0.657946
0.690157
0.663677

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by BANCOR NETWORK TOKEN - BNT/USDT:

Technical


Technical analysis of this 1H chart of BANCOR NETWORK TOKEN - BNT/USDT indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour



In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bearish doji star

Type : Bearish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.543662 0.611260 0.650845 0.663677 0.670517 0.691774 0.735647
Change (%) -18.08% -7.90% -1.93% - +1.03% +4.23% +10.84%
Change -0.120015 -0.052417 -0.012832 - +0.006840 +0.028097 +0.071970
Level Intermediate Intermediate Intermediate - Major Intermediate Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.6141680.6342810.6518750.6719880.6895820.7096950.727289
Camarilla0.6590990.6625550.6660120.6694680.6729250.6763810.679837
Woodie0.6129080.6336510.6506150.6713580.6883220.7090650.726029
Fibonacci0.6342810.6486850.6575840.6719880.6863920.6952910.709695


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.5474280.5982360.6476560.6984640.7478840.7986920.848112
Camarilla0.6695130.6787010.6878880.6970760.7062640.7154510.724639
Woodie0.5467340.5978890.6469620.6981170.7471900.7983450.847418
Fibonacci0.5982360.6365230.6601770.6984640.7367510.7604050.798692


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.3988900.4811330.6395420.7217850.8801940.9624371.120846
Camarilla0.7317720.7538320.7758910.7979510.8200110.8420710.864130
Woodie0.4369730.5001750.6776250.7408270.9182770.9814791.158929
Fibonacci0.4811330.5730620.6298560.7217850.8137140.8705080.962437

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): 41.45
MACD (12,26,9): -0.0018
Directional Movement: -7.893695
AROON (14): -57.142857
DEMA (21): 0.670128
Parabolic SAR (0,02-0,02-0,2): 0.687249
Elder Ray (13): -0.005367
Super Trend (3,10): 0.680097
Zig ZAG (10): 0.663677
VORTEX (21): 0.9784
Stochastique (14,3,5): 7.49
TEMA (21): 0.669445
Williams %R (14): -100.00
Chande Momentum Oscillator (20): -0.013876
Repulse (5,40,3): -1.1427
ROCnROLL: 2
TRIX (15,9): 0.0002
Courbe Coppock: 0.33
MA7: 0.683311
MA20: 0.747475
MA50: 0.744362
MA100: 0.627136
MAexp7: 0.668522
MAexp20: 0.671904
MAexp50: 0.674827
MAexp100: 0.679548
Price / MA7: -2.87%
Price / MA20: -11.21%
Price / MA50: -10.84%
Price / MA100: +5.83%
Price / MAexp7: -0.72%
Price / MAexp20: -1.22%
Price / MAexp50: -1.65%
Price / MAexp100: -2.34%

Quotes : - Real time data - Cryptocompare