NEO - NEO/USDT - Daily - Technical analysis published on 09/03/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 18.95 USDT
My targets
24.85 USDT (+21.44%)
29.27 USDT (+43.07%)
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 18.95 USDT. The buyers” bullish objective is set at 24.85 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 29.27 USDT. If there is any crossing, the next objective would be the resistance located at 44.79 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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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
NEO - NEO/USDT rating 20.46 USDT. On the day, this instrument gained +0.64% and was between 19.54 USDT and 20.62 USDT. This implies that the price is at +4.71% from its lowest and at -0.78% from its highest.19.54
20.62
20.46
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Daily of this NEO - NEO/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.40 | 16.47 | 18.95 | 20.46 | 44.79 | 90.64 | 140.18 |
| Change (%) | -39.39% | -19.50% | -7.38% | - | +118.91% | +343.01% | +585.14% |
| Change | -8.06 | -3.99 | -1.51 | - | +24.33 | +70.18 | +119.72 |
| Level | Major | Major | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.94 | 18.18 | 19.25 | 20.49 | 21.56 | 22.80 | 23.87 |
| Camarilla | 19.70 | 19.91 | 20.12 | 20.33 | 20.54 | 20.75 | 20.97 |
| Woodie | 16.87 | 18.14 | 19.18 | 20.45 | 21.49 | 22.76 | 23.80 |
| Fibonacci | 18.18 | 19.06 | 19.60 | 20.49 | 21.37 | 21.91 | 22.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.86 | 14.02 | 17.59 | 19.75 | 23.32 | 25.48 | 29.05 |
| Camarilla | 19.57 | 20.10 | 20.63 | 21.15 | 21.68 | 22.20 | 22.73 |
| Woodie | 12.56 | 14.37 | 18.29 | 20.10 | 24.02 | 25.83 | 29.75 |
| Fibonacci | 14.02 | 16.21 | 17.56 | 19.75 | 21.94 | 23.29 | 25.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.17 | 7.59 | 14.01 | 18.43 | 24.85 | 29.27 | 35.69 |
| Camarilla | 17.44 | 18.43 | 19.43 | 20.42 | 21.41 | 22.41 | 23.40 |
| Woodie | 4.16 | 8.09 | 15.00 | 18.93 | 25.84 | 29.77 | 36.68 |
| Fibonacci | 7.59 | 11.73 | 14.29 | 18.43 | 22.57 | 25.13 | 29.27 |
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): | 63.34 | |
| MACD (12,26,9): | 1.7700 | |
| Directional Movement: | 19.17 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 20.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.86 | |
| Elder Ray (13): | 0.86 | |
| Super Trend (3,10): | 15.94 | |
| Zig ZAG (10): | 20.21 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 69.81 | |
| TEMA (21): | 21.16 | |
| Williams %R (14): | -36.72 | |
| Chande Momentum Oscillator (20): | 1.27 | |
| Repulse (5,40,3): | -1.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.6200 | |
| Courbe Coppock: | 44.28 |
| MA7: | 20.38 | |
| MA20: | 18.15 | |
| MA50: | 14.61 | |
| MA100: | 12.69 | |
| MAexp7: | 20.09 | |
| MAexp20: | 18.26 | |
| MAexp50: | 15.60 | |
| MAexp100: | 13.55 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | +12.73% | |
| Price / MA50: | +40.04% | |
| Price / MA100: | +61.23% | |
| Price / MAexp7: | +1.84% | |
| Price / MAexp20: | +12.05% | |
| Price / MAexp50: | +31.15% | |
| Price / MAexp100: | +51.00% |
Quotes :
2020-09-03 09:03:33
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Real time data
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Cryptocompare
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