NEO - NEO/USDT - 1H - Technical analysis published on 12/19/2019 (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 bullish
De fond:
Bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 8.36 USDT
My targets
8.85 USDT (+2.31%)
9.01 USDT (+4.16%)
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 8.36 USDT. The buyers” bullish objective is set at 8.85 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.01 USDT. If there is any crossing, the next objective would be the resistance located at 9.17 USDT.
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
5
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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 8.65 USDT. The price registered a decrease of -1.48% on the session and was traded between 8.49 USDT and 8.85 USDT over the period. The price is currently at +1.88% from its lowest and -2.26% from its highest.8.49
8.85
8.65
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of NEO - NEO/USDT in 1H shows an overall bullish trend. 75% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
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:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.94 | 8.18 | 8.36 | 8.65 | 8.66 | 8.85 | 9.01 |
| Change (%) | -8.21% | -5.43% | -3.35% | - | +0.12% | +2.31% | +4.16% |
| Change | -0.71 | -0.47 | -0.29 | - | +0.01 | +0.20 | +0.36 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Minor |
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 | 6.81 | 7.26 | 8.02 | 8.47 | 9.23 | 9.68 | 10.44 |
| Camarilla | 8.45 | 8.56 | 8.67 | 8.78 | 8.89 | 9.01 | 9.12 |
| Woodie | 6.97 | 7.34 | 8.18 | 8.55 | 9.39 | 9.76 | 10.60 |
| Fibonacci | 7.26 | 7.72 | 8.01 | 8.47 | 8.93 | 9.22 | 9.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.58 | 7.97 | 8.39 | 8.78 | 9.20 | 9.59 | 10.00 |
| Camarilla | 8.58 | 8.66 | 8.73 | 8.81 | 8.88 | 8.95 | 9.03 |
| Woodie | 7.59 | 7.98 | 8.40 | 8.78 | 9.21 | 9.59 | 10.02 |
| Fibonacci | 7.97 | 8.28 | 8.47 | 8.78 | 9.09 | 9.28 | 9.59 |
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): | 55.10 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 3.43 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 8.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.78 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 8.31 | |
| Zig ZAG (10): | 8.58 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 31.70 | |
| TEMA (21): | 8.65 | |
| Williams %R (14): | -48.00 | |
| Chande Momentum Oscillator (20): | -0.05 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 1.53 |
| MA7: | 8.60 | |
| MA20: | 8.76 | |
| MA50: | 10.04 | |
| MA100: | 9.10 | |
| MAexp7: | 8.58 | |
| MAexp20: | 8.54 | |
| MAexp50: | 8.43 | |
| MAexp100: | 8.45 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | -1.26% | |
| Price / MA50: | -13.84% | |
| Price / MA100: | -4.95% | |
| Price / MAexp7: | +0.82% | |
| Price / MAexp20: | +1.29% | |
| Price / MAexp50: | +2.61% | |
| Price / MAexp100: | +2.37% |
This member declared not having a position on this financial instrument or a related financial instrument.
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