NEO - NEO/USDT - Weekly - Technical analysis published on 08/28/2020 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 16.47 USDT
My targets
22.98 USDT (+25.35%)
26.14 USDT (+42.62%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NEO - NEO/USDT as long as the price remains well above 16.47 USDT. The buyers” bullish objective is set at 22.98 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 26.14 USDT. If there is any crossing, the next objective would be the resistance located at 44.79 USDT.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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This analysis was given by dallas28. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NEO - NEO/USDT rating is 18.33 USDT. The price registered a decrease of -3.27% over 5 days and was traded between 16.19 USDT and 19.45 USDT over the period. The price is currently at +13.22% from its lowest point and -5.76% from its highest point.16.19
19.45
18.33
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NEO - NEO/USDT:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in Weekly of this NEO - NEO/USDT chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : Weekly
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Weekly
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Weekly
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 16.47 | 18.33 | 44.79 | 90.64 | 140.18 |
| Change (%) | -10.15% | - | +144.35% | +394.49% | +664.76% |
| Change | -1.86 | - | +26.46 | +72.31 | +121.85 |
| Level | Major | - | Minor | Minor | Minor |
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 | 15.44 | 16.05 | 16.85 | 17.46 | 18.26 | 18.87 | 19.67 |
| Camarilla | 17.25 | 17.38 | 17.51 | 17.64 | 17.77 | 17.90 | 18.03 |
| Woodie | 15.53 | 16.10 | 16.94 | 17.51 | 18.35 | 18.92 | 19.76 |
| Fibonacci | 16.05 | 16.59 | 16.93 | 17.46 | 18.00 | 18.34 | 18.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.60 | 12.62 | 15.78 | 17.80 | 20.96 | 22.98 | 26.14 |
| Camarilla | 17.53 | 18.00 | 18.48 | 18.95 | 19.43 | 19.90 | 20.37 |
| Woodie | 11.18 | 12.91 | 16.36 | 18.09 | 21.54 | 23.27 | 26.72 |
| Fibonacci | 12.62 | 14.60 | 15.82 | 17.80 | 19.78 | 21.00 | 22.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.88 | 8.76 | 10.50 | 11.38 | 13.13 | 14.01 | 15.75 |
| Camarilla | 11.53 | 11.77 | 12.01 | 12.25 | 12.49 | 12.73 | 12.97 |
| Woodie | 8.31 | 8.98 | 10.94 | 11.60 | 13.56 | 14.22 | 16.19 |
| Fibonacci | 8.76 | 9.76 | 10.38 | 11.38 | 12.38 | 13.00 | 14.01 |
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): | 71.56 | |
| MACD (12,26,9): | 1.7200 | |
| Directional Movement: | 29.07 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 14.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.38 | |
| Elder Ray (13): | 4.39 | |
| Super Trend (3,10): | 10.93 | |
| Zig ZAG (10): | 18.35 | |
| VORTEX (21): | 1.2400 | |
| Stochastique (14,3,5): | 88.99 | |
| TEMA (21): | 15.98 | |
| Williams %R (14): | -14.15 | |
| Chande Momentum Oscillator (20): | 6.55 | |
| Repulse (5,40,3): | 31.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.1100 | |
| Courbe Coppock: | 98.58 |
| MA7: | 17.92 | |
| MA20: | 16.19 | |
| MA50: | 13.43 | |
| MA100: | 12.05 | |
| MAexp7: | 15.23 | |
| MAexp20: | 12.54 | |
| MAexp50: | 11.77 | |
| MAexp100: | 14.19 | |
| Price / MA7: | +2.29% | |
| Price / MA20: | +13.22% | |
| Price / MA50: | +36.49% | |
| Price / MA100: | +52.12% | |
| Price / MAexp7: | +20.35% | |
| Price / MAexp20: | +46.17% | |
| Price / MAexp50: | +55.73% | |
| Price / MAexp100: | +29.18% |
Quotes :
2020-08-28 14:38:16
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Real time data
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Cryptocompare
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