NEO - NEO/USDT - 1H - Technical analysis published on 04/12/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 20.61 USDT
My targets
19.97 USDT (-1.29%)
19.19 USDT (-5.14%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 20.61 USDT remains possible. It is advisable to trade NEO - NEO/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 20.61 USDT. The next bearish objective for sellers is set at 19.97 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 19.19 USDT. In case of crossing, the next objective would be the support located at 5.89 USDT. PS: if there is a bullish break in the resistance located at 20.61 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.1
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Additional analysis
Quotes
NEO - NEO/USDT rating 20.23 USDT. On the day, this instrument gained +2.74% and was traded between 19.57 USDT and 20.73 USDT over the period. The price is currently at +3.37% from its lowest and -2.41% from its highest.19.57
20.73
20.23
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NEO - NEO/USDT in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 5.89 | 19.19 | 20.23 | 22.61 | 24.92 | 25.90 |
| Change (%) | -70.88% | -5.14% | - | +11.76% | +23.18% | +28.03% |
| Change | -14.34 | -1.04 | - | +2.38 | +4.69 | +5.67 |
| Level | Intermediate | Intermediate | - | Major | Minor | Major |
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 | 16.36 | 17.83 | 18.76 | 20.23 | 21.16 | 22.63 | 23.56 |
| Camarilla | 19.03 | 19.25 | 19.47 | 19.69 | 19.91 | 20.13 | 20.35 |
| Woodie | 16.09 | 17.70 | 18.49 | 20.10 | 20.89 | 22.50 | 23.29 |
| Fibonacci | 17.83 | 18.75 | 19.31 | 20.23 | 21.15 | 21.71 | 22.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.18 | 17.42 | 19.97 | 24.21 | 26.76 | 31.00 | 33.55 |
| Camarilla | 20.65 | 21.28 | 21.90 | 22.52 | 23.14 | 23.77 | 24.39 |
| Woodie | 12.34 | 17.00 | 19.13 | 23.79 | 25.92 | 30.58 | 32.71 |
| Fibonacci | 17.42 | 20.01 | 21.62 | 24.21 | 26.80 | 28.41 | 31.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.83 | 14.31 | 20.61 | 25.09 | 31.39 | 35.87 | 42.17 |
| Camarilla | 23.95 | 24.93 | 25.92 | 26.91 | 27.90 | 28.89 | 29.88 |
| Woodie | 10.74 | 14.77 | 21.52 | 25.55 | 32.30 | 36.33 | 43.08 |
| Fibonacci | 14.31 | 18.43 | 20.97 | 25.09 | 29.21 | 31.75 | 35.87 |
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): | 51.90 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -2.48 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 20.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.31 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 19.97 | |
| Zig ZAG (10): | 20.38 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 69.07 | |
| TEMA (21): | 20.50 | |
| Williams %R (14): | -36.56 | |
| Chande Momentum Oscillator (20): | 0.20 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 6.18 |
| MA7: | 21.68 | |
| MA20: | 24.75 | |
| MA50: | 22.72 | |
| MA100: | 22.56 | |
| MAexp7: | 20.38 | |
| MAexp20: | 20.30 | |
| MAexp50: | 20.65 | |
| MAexp100: | 21.44 | |
| Price / MA7: | -6.69% | |
| Price / MA20: | -18.26% | |
| Price / MA50: | -10.96% | |
| Price / MA100: | -10.33% | |
| Price / MAexp7: | -0.74% | |
| Price / MAexp20: | -0.34% | |
| Price / MAexp50: | -2.03% | |
| Price / MAexp100: | -5.64% |
Quotes :
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Real time data
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