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NEO - NEO/USDT
NEO - NEO/USDT
- USDT (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: NEOUSDT
ISIN:

NEO - NEO/USDT - 1H - Technical analysis published on 03/27/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 12.57 USDT
My targets
13.01 USDT (+0.85%)
13.33 USDT (+3.33%)
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 12.57 USDT. The buyers' bullish objective is set at 13.01 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13.33 USDT. If there is any crossing, the next objective would be the resistance located at 13.62 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

MOHAMMED ALAMERI
This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NEO - NEO/USDT price is 12.90 USDT. On the day, this instrument gained +4.79% with the lowest point at 12.15 USDT and the highest point at 12.96 USDT. The deviation from the price is +6.17% for the low point and -0.46% for the high point.

12.15
12.96
12.90

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this 1H chart of NEO - NEO/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11.67 12.30 12.57 12.90 13.01 13.33 13.62
Change (%) -9.53% -4.65% -2.56% - +0.85% +3.33% +5.58%
Change -1.23 -0.60 -0.33 - +0.11 +0.43 +0.72
Level Major Minor Intermediate - Minor Minor 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
Standard11.3711.6011.9512.1812.5312.7613.11
Camarilla12.1512.2012.2612.3112.3612.4212.47
Woodie11.4411.6312.0212.2112.6012.7913.18
Fibonacci11.6011.8211.9612.1812.4012.5412.76


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.539.8710.9512.2913.3714.7115.79
Camarilla11.3811.6011.8212.0412.2612.4812.71
Woodie8.419.8110.8312.2313.2514.6515.67
Fibonacci9.8710.7911.3612.2913.2113.7814.71


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.124.488.9212.2816.7220.0824.52
Camarilla11.2111.9212.6413.3514.0714.7815.50
Woodie1.654.759.4512.5517.2520.3525.05
Fibonacci4.487.469.3012.2815.2617.1020.08

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): 75.13
MACD (12,26,9): 0.1100
Directional Movement: 28.89
AROON (14): 100.00
DEMA (21): 12.38
Parabolic SAR (0,02-0,02-0,2): 12.15
Elder Ray (13): 0.39
Super Trend (3,10): 12.17
Zig ZAG (10): 12.87
VORTEX (21): 1.1600
Stochastique (14,3,5): 89.73
TEMA (21): 12.52
Williams %R (14): -9.37
Chande Momentum Oscillator (20): 0.70
Repulse (5,40,3): 5.7200
ROCnROLL: 1
TRIX (15,9): 0.0600
Courbe Coppock: 5.66
MA7: 12.33
MA20: 11.50
MA50: 10.70
MA100: 8.88
MAexp7: 12.48
MAexp20: 12.26
MAexp50: 12.21
MAexp100: 12.22
Price / MA7: +4.62%
Price / MA20: +12.17%
Price / MA50: +20.56%
Price / MA100: +45.27%
Price / MAexp7: +3.37%
Price / MAexp20: +5.22%
Price / MAexp50: +5.65%
Price / MAexp100: +5.56%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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