NEO - NEO/USDT - 1H - Technical analysis published on 12/30/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
17%
56%
28%
My opinion
Bearish under 9.01 USDT
My targets
8.85 USDT (-0.67%)
8.80 USDT (-1.23%)
My analysis
The strong short-term decrease of NEO - NEO/USDT should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 9.01 USDT, a sale could be considered. The first bearish objective is located at 8.85 USDT. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 8.80 USDT. If there is any crossing, the next objective would be support 8.71 USDT. Caution, if there is a return to above 9.01 USDT, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
2.9
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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 price is 8.91 USDT. The price registered a decrease of -3.26% on the session and was traded between 8.89 USDT and 9.24 USDT over the period. The price is currently at +0.22% from its lowest and -3.57% from its highest.8.89
9.24
8.91
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 neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
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 over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.71 | 8.80 | 8.85 | 8.91 | 9.01 | 10.14 | 13.19 |
| Change (%) | -2.24% | -1.23% | -0.67% | - | +1.12% | +13.80% | +48.04% |
| Change | -0.20 | -0.11 | -0.06 | - | +0.10 | +1.23 | +4.28 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 8.28 | 8.52 | 8.86 | 9.11 | 9.45 | 9.70 | 10.04 |
| Camarilla | 9.05 | 9.10 | 9.15 | 9.21 | 9.26 | 9.32 | 9.37 |
| Woodie | 8.33 | 8.55 | 8.91 | 9.13 | 9.50 | 9.72 | 10.09 |
| Fibonacci | 8.52 | 8.75 | 8.88 | 9.11 | 9.33 | 9.47 | 9.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.91 | 8.18 | 8.48 | 8.75 | 9.05 | 9.31 | 9.62 |
| Camarilla | 8.63 | 8.68 | 8.73 | 8.78 | 8.84 | 8.89 | 8.94 |
| Woodie | 7.93 | 8.19 | 8.50 | 8.75 | 9.07 | 9.32 | 9.64 |
| Fibonacci | 8.18 | 8.39 | 8.53 | 8.75 | 8.96 | 9.10 | 9.31 |
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): | 34.01 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -13.14 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 8.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.06 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 9.10 | |
| Zig ZAG (10): | 8.90 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 10.05 | |
| TEMA (21): | 8.91 | |
| Williams %R (14): | -96.34 | |
| Chande Momentum Oscillator (20): | -0.32 | |
| Repulse (5,40,3): | -0.8300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 4.61 |
| MA7: | 8.78 | |
| MA20: | 8.67 | |
| MA50: | 9.55 | |
| MA100: | 9.03 | |
| MAexp7: | 8.96 | |
| MAexp20: | 9.03 | |
| MAexp50: | 9.01 | |
| MAexp100: | 8.91 | |
| Price / MA7: | +1.48% | |
| Price / MA20: | +2.77% | |
| Price / MA50: | -6.70% | |
| Price / MA100: | -1.33% | |
| Price / MAexp7: | -0.56% | |
| Price / MAexp20: | -1.33% | |
| Price / MAexp50: | -1.11% | |
| Price / MAexp100: | -0% |
This member declared not having a position on this financial instrument or a related financial instrument.
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