NEO - NEO/USDT - 1H - Technical analysis published on 12/10/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 8.64 USDT
My targets
7.95 USDT (-6.93%)
7.40 USDT (-13.30%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NEO - NEO/USDT as long as the price remains well below 8.64 USDT. The sellers” bearish objective is set at 7.95 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.40 USDT. In case of crossing, the next objective would be the support located at 6.44 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.8
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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
The NEO - NEO/USDT rating is 8.54 USDT. On the day, this instrument lost -2.06% with the lowest point at 8.53 USDT and the highest point at 8.73 USDT. The deviation from the price is +0.12% for the low point and -2.18% for the high point.8.53
8.73
8.54
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NEO - NEO/USDT in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 8.49 | 8.54 | 8.64 | 8.78 | 9.03 |
| Change (%) | -24.59% | -0.59% | - | +1.17% | +2.81% | +5.74% |
| Change | -2.10 | -0.05 | - | +0.10 | +0.24 | +0.49 |
| Level | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 8.10 | 8.37 | 8.55 | 8.82 | 8.99 | 9.26 | 9.44 |
| Camarilla | 8.60 | 8.64 | 8.68 | 8.72 | 8.77 | 8.81 | 8.85 |
| Woodie | 8.06 | 8.35 | 8.50 | 8.79 | 8.95 | 9.24 | 9.39 |
| Fibonacci | 8.37 | 8.54 | 8.65 | 8.82 | 8.99 | 9.09 | 9.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.40 | 7.95 | 8.43 | 8.97 | 9.46 | 10.00 | 10.48 |
| Camarilla | 8.63 | 8.72 | 8.82 | 8.91 | 9.01 | 9.10 | 9.19 |
| Woodie | 7.37 | 7.93 | 8.40 | 8.96 | 9.43 | 9.99 | 10.45 |
| Fibonacci | 7.95 | 8.34 | 8.58 | 8.97 | 9.37 | 9.61 | 10.00 |
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 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): | 35.68 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -16.35 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 8.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.70 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 8.76 | |
| Zig ZAG (10): | 8.62 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 17.26 | |
| TEMA (21): | 8.61 | |
| Williams %R (14): | -93.85 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | -0.6100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 1.04 |
| MA7: | 8.77 | |
| MA20: | 9.22 | |
| MA50: | 10.14 | |
| MA100: | 9.14 | |
| MAexp7: | 8.64 | |
| MAexp20: | 8.70 | |
| MAexp50: | 8.79 | |
| MAexp100: | 8.84 | |
| Price / MA7: | -2.62% | |
| Price / MA20: | -7.38% | |
| Price / MA50: | -15.78% | |
| Price / MA100: | -6.56% | |
| Price / MAexp7: | -1.16% | |
| Price / MAexp20: | -1.84% | |
| Price / MAexp50: | -2.84% | |
| Price / MAexp100: | -3.39% |
This member declared not having a position on this financial instrument or a related financial instrument.
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