NEO - NEO/USDT
NEO - NEO/USDT
- USDT (-)
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Type: Cryptocurrencies
Ticker: NEOUSDT
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NEO - NEO/USDT - 1H - Technical analysis published on 11/27/2019 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 9.55 USDT
My targets
8.72 USDT (-4.60%)
8.31 USDT (-9.08%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NEO - NEO/USDT. As long as you are under the resistance located at 9.55 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 8.72 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 8.31 USDT as an objective. Crossing it would then enable sellers to target 6.44 USDT. If the resistance 9.55 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
0.9

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.

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

Additional analysis

Quotes

The NEO - NEO/USDT price is 9.14 USDT. On the day, this instrument lost -1.40% with the lowest point at 8.72 USDT and the highest point at 9.28 USDT. The deviation from the price is +4.82% for the low point and -1.51% for the high point.

8.72
9.28
9.14

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

Technical


A technical analysis in 1H of this NEO - NEO/USDT chart shows a bearish trend. 64.29% 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 detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 5 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



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

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6.44 8.31 8.72 9.14 9.55 10.14 11.06
Change (%) -29.54% -9.08% -4.60% - +4.49% +10.94% +21.01%
Change -2.70 -0.83 -0.42 - +0.41 +1.00 +1.92
Level Major Minor Intermediate - Intermediate Major Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.528.728.999.199.479.669.94
Camarilla9.149.189.229.279.319.359.40
Woodie8.568.749.039.219.509.689.97
Fibonacci8.728.909.019.199.379.489.66


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.627.458.7310.5711.8413.6814.96
Camarilla9.159.449.7310.0110.3010.5810.87
Woodie5.347.318.4510.4311.5713.5414.68
Fibonacci7.458.649.3810.5711.7612.4913.68


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.293.487.0110.2113.7316.9320.46
Camarilla8.699.319.9210.5411.1611.7712.39
Woodie0.463.577.1810.2913.9017.0120.62
Fibonacci3.486.057.6410.2112.7714.3616.93

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 50.50
MACD (12,26,9): -0.0100
Directional Movement: -2.49
AROON (14): 21.42
DEMA (21): 9.10
Parabolic SAR (0,02-0,02-0,2): 8.74
Elder Ray (13): 0.07
Super Trend (3,10): 9.25
Zig ZAG (10): 9.12
VORTEX (21): 1.0500
Stochastique (14,3,5): 63.77
TEMA (21): 9.06
Williams %R (14): -12.54
Chande Momentum Oscillator (20): -0.03
Repulse (5,40,3): 2.6400
ROCnROLL: 1
TRIX (15,9): -0.0200
Courbe Coppock: 2.38
MA7: 9.60
MA20: 10.98
MA50: 9.69
MA100: 9.19
MAexp7: 9.07
MAexp20: 9.10
MAexp50: 9.14
MAexp100: 9.36
Price / MA7: -4.79%
Price / MA20: -16.76%
Price / MA50: -5.68%
Price / MA100: -0.54%
Price / MAexp7: +0.77%
Price / MAexp20: +0.44%
Price / MAexp50: -0%
Price / MAexp100: -2.35%

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

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