NEO - NEO/USDT - Daily - Technical analysis published on 12/03/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 10.14 USDT
My targets
8.72 USDT (-3.43%)
7.29 USDT (-19.26%)
My analysis
In the short term, we can see an acceleration in the bearish trend on NEO - NEO/USDT, which is a positive signal for sellers. As long as the price remains above 10.14 USDT, a sale could be considered. The first bearish objective is located at 8.72 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.29 USDT as an objective. Crossing it would then enable sellers to target 6.44 USDT. If the price were to return above 10.14 USDT, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
5.2
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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 9.03 USDT. On the day, this instrument gained +0.89% and was between 8.86 USDT and 9.11 USDT. This implies that the price is at +1.92% from its lowest and at -0.88% from its highest.8.86
9.11
9.03
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:
Technical
A technical analysis in Daily of this NEO - NEO/USDT chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 6.44 | 8.72 | 9.03 | 10.14 | 13.19 | 16.77 |
| Change (%) | -28.68% | -3.43% | - | +12.29% | +46.07% | +85.71% |
| Change | -2.59 | -0.31 | - | +1.11 | +4.16 | +7.74 |
| Level | Major | Minor | - | Major | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 8.29 | 8.56 | 8.75 | 9.02 | 9.21 | 9.48 | 9.68 |
| Camarilla | 8.82 | 8.86 | 8.91 | 8.95 | 8.99 | 9.03 | 9.08 |
| Woodie | 8.26 | 8.54 | 8.72 | 9.00 | 9.18 | 9.46 | 9.64 |
| Fibonacci | 8.56 | 8.74 | 8.84 | 9.02 | 9.20 | 9.31 | 9.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.70 | 7.51 | 8.41 | 9.22 | 10.12 | 10.93 | 11.83 |
| Camarilla | 8.85 | 9.01 | 9.16 | 9.32 | 9.48 | 9.64 | 9.79 |
| Woodie | 6.76 | 7.53 | 8.47 | 9.24 | 10.18 | 10.95 | 11.89 |
| Fibonacci | 7.51 | 8.16 | 8.56 | 9.22 | 9.87 | 10.27 | 10.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.21 | 5.26 | 7.29 | 10.34 | 12.37 | 15.42 | 17.45 |
| Camarilla | 7.92 | 8.39 | 8.86 | 9.32 | 9.79 | 10.25 | 10.72 |
| Woodie | 1.70 | 5.01 | 6.78 | 10.09 | 11.86 | 15.17 | 16.94 |
| Fibonacci | 5.26 | 7.20 | 8.40 | 10.34 | 12.28 | 13.48 | 15.42 |
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): | 40.44 | |
| MACD (12,26,9): | -0.4100 | |
| Directional Movement: | -8.21 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 9.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.60 | |
| Elder Ray (13): | -0.63 | |
| Super Trend (3,10): | 11.14 | |
| Zig ZAG (10): | 9.03 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 20.65 | |
| TEMA (21): | 8.83 | |
| Williams %R (14): | -80.65 | |
| Chande Momentum Oscillator (20): | -2.03 | |
| Repulse (5,40,3): | -2.3400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2900 | |
| Courbe Coppock: | 40.99 |
| MA7: | 9.29 | |
| MA20: | 10.34 | |
| MA50: | 9.92 | |
| MA100: | 9.16 | |
| MAexp7: | 9.27 | |
| MAexp20: | 9.88 | |
| MAexp50: | 9.90 | |
| MAexp100: | 9.89 | |
| Price / MA7: | -2.80% | |
| Price / MA20: | -12.67% | |
| Price / MA50: | -8.97% | |
| Price / MA100: | -1.42% | |
| Price / MAexp7: | -2.59% | |
| Price / MAexp20: | -8.60% | |
| Price / MAexp50: | -8.79% | |
| Price / MAexp100: | -8.70% |
This member declared not having a position on this financial instrument or a related financial instrument.
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