NEAR - NEAR/USD - 1H - Technical analysis published on 10/03/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 3.50 USD
My targets
3.40 USD (-2.02%)
3.24 USD (-6.63%)
My analysis
The bearish trend is currently very strong for NEAR - NEAR/USD. As long as the price remains below the resistance at 3.50 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 3.40 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.24 USD as an objective. Crossing it would then enable sellers to target 3.03 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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Additional analysis
Quotes
The NEAR - NEAR/USD rating is 3.47 USD. The price is lower by -0.29% since the last closing and was between 3.41 USD and 3.50 USD. This implies that the price is at +1.76% from its lowest and at -0.86% from its highest.3.41
3.50
3.47
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NEAR - NEAR/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 6 are bullish, 3 are neutral and 9 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.45 | 3.47 | 3.50 | 3.56 | 3.64 |
| Change (%) | -0.58% | - | +0.86% | +2.59% | +4.90% |
| Change | -0.02 | - | +0.03 | +0.09 | +0.17 |
| Level | Minor | - | Minor | 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 | 3.28 | 3.37 | 3.43 | 3.52 | 3.58 | 3.67 | 3.73 |
| Camarilla | 3.44 | 3.45 | 3.47 | 3.48 | 3.49 | 3.51 | 3.52 |
| Woodie | 3.26 | 3.36 | 3.41 | 3.51 | 3.56 | 3.66 | 3.71 |
| Fibonacci | 3.37 | 3.43 | 3.47 | 3.52 | 3.58 | 3.62 | 3.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.03 | 3.24 | 3.40 | 3.61 | 3.77 | 3.98 | 4.14 |
| Camarilla | 3.46 | 3.49 | 3.53 | 3.56 | 3.59 | 3.63 | 3.66 |
| Woodie | 3.01 | 3.23 | 3.38 | 3.60 | 3.75 | 3.97 | 4.12 |
| Fibonacci | 3.24 | 3.38 | 3.47 | 3.61 | 3.75 | 3.84 | 3.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.10 | 2.27 | 2.92 | 4.09 | 4.74 | 5.91 | 6.56 |
| Camarilla | 3.06 | 3.23 | 3.39 | 3.56 | 3.73 | 3.89 | 4.06 |
| Woodie | 0.83 | 2.14 | 2.65 | 3.96 | 4.47 | 5.78 | 6.29 |
| Fibonacci | 2.27 | 2.97 | 3.40 | 4.09 | 4.79 | 5.22 | 5.91 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.72 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -23.64 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 3.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.50 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 3.54 | |
| Zig ZAG (10): | 3.46 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 31.50 | |
| TEMA (21): | 3.45 | |
| Williams %R (14): | -68.31 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | 0.2400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 4.01 |
| MA7: | 3.55 | |
| MA20: | 3.81 | |
| MA50: | 4.18 | |
| MA100: | 4.17 | |
| MAexp7: | 3.46 | |
| MAexp20: | 3.49 | |
| MAexp50: | 3.52 | |
| MAexp100: | 3.55 | |
| Price / MA7: | -2.25% | |
| Price / MA20: | -8.92% | |
| Price / MA50: | -16.99% | |
| Price / MA100: | -16.79% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | -0.57% | |
| Price / MAexp50: | -1.42% | |
| Price / MAexp100: | -2.25% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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