NEO - NEO/USDT - 1H - Technical analysis published on 01/31/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
22%
72%
6%
My opinion
Bearish under 11.47 USDT
My targets
11.05 USDT (-2.13%)
10.88 USDT (-3.63%)
My analysis
NEO - NEO/USDT is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 11.47 USDT, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 11.05 USDT. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 10.88 USDT would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 10.46 USDT. Beware of a possible return to above the resistance located at 11.47 USDT which would be a sign of a correction of the short-term bearish excesses registered.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.5
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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 price is 11.29 USDT. The price has increased by -3.75% since the last closing and was traded between 11.10 USDT and 11.74 USDT over the period. The price is currently at +1.71% from its lowest and -3.83% from its highest.11.10
11.74
11.29
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of NEO - NEO/USDT in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 1 are neutral and 13 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
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 | 10.46 | 10.88 | 11.05 | 11.29 | 11.47 | 11.79 | 12.02 |
| Change (%) | -7.35% | -3.63% | -2.13% | - | +1.59% | +4.43% | +6.47% |
| Change | -0.83 | -0.41 | -0.24 | - | +0.18 | +0.50 | +0.73 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Major | 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 | 10.24 | 10.56 | 11.15 | 11.47 | 12.06 | 12.38 | 12.97 |
| Camarilla | 11.48 | 11.56 | 11.65 | 11.73 | 11.81 | 11.90 | 11.98 |
| Woodie | 10.37 | 10.63 | 11.28 | 11.54 | 12.19 | 12.45 | 13.10 |
| Fibonacci | 10.56 | 10.91 | 11.13 | 11.47 | 11.82 | 12.04 | 12.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.16 | 9.31 | 9.90 | 11.05 | 11.64 | 12.79 | 13.38 |
| Camarilla | 10.01 | 10.17 | 10.33 | 10.49 | 10.65 | 10.81 | 10.97 |
| Woodie | 7.88 | 9.17 | 9.62 | 10.91 | 11.36 | 12.65 | 13.10 |
| Fibonacci | 9.31 | 9.98 | 10.39 | 11.05 | 11.72 | 12.13 | 12.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.94 | 6.82 | 7.75 | 8.63 | 9.56 | 10.45 | 11.37 |
| Camarilla | 8.18 | 8.35 | 8.51 | 8.68 | 8.84 | 9.01 | 9.18 |
| Woodie | 5.96 | 6.83 | 7.77 | 8.65 | 9.58 | 10.46 | 11.40 |
| Fibonacci | 6.82 | 7.51 | 7.94 | 8.63 | 9.33 | 9.75 | 10.45 |
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): | 36.73 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -18.06 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 11.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.67 | |
| Elder Ray (13): | -0.18 | |
| Super Trend (3,10): | 11.63 | |
| Zig ZAG (10): | 11.22 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 16.33 | |
| TEMA (21): | 11.37 | |
| Williams %R (14): | -80.00 | |
| Chande Momentum Oscillator (20): | -0.37 | |
| Repulse (5,40,3): | -1.9300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 4.77 |
| MA7: | 11.19 | |
| MA20: | 10.94 | |
| MA50: | 9.65 | |
| MA100: | 9.88 | |
| MAexp7: | 11.38 | |
| MAexp20: | 11.49 | |
| MAexp50: | 11.45 | |
| MAexp100: | 11.37 | |
| Price / MA7: | +0.89% | |
| Price / MA20: | +3.20% | |
| Price / MA50: | +16.99% | |
| Price / MA100: | +14.27% | |
| Price / MAexp7: | -0.79% | |
| Price / MAexp20: | -1.74% | |
| Price / MAexp50: | -1.40% | |
| Price / MAexp100: | -0.70% |
This member declared not having a position on this financial instrument or a related financial instrument.
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