NEM - XEM/USDT - 1H - Technical analysis published on 11/27/2019 (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:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.036018 USDT
My targets
0.038476 USDT (+3.93%)
0.039950 USDT (+7.91%)
My analysis
NEM - XEM/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.036018 USDT. The next resistance located at 0.038476 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.039950 USDT. After this resistance, buyers could then target 0.041380 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.2
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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
NEM - XEM/USDT rating 0.037020 USDT. The price has increased by +3.15% since the last closing and was between 0.034160 USDT and 0.038920 USDT. This implies that the price is at +8.37% from its lowest and at -4.88% from its highest.0.034160
0.038920
0.037020
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this NEM - XEM/USDT chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
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 several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
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 | 0.034000 | 0.035175 | 0.036018 | 0.037020 | 0.038476 | 0.039950 | 0.041380 |
| Change (%) | -8.16% | -4.98% | -2.71% | - | +3.93% | +7.91% | +11.78% |
| Change | -0.003020 | -0.001845 | -0.001002 | - | +0.001456 | +0.002930 | +0.004360 |
| Level | Minor | Major | Intermediate | - | 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 | 0.033973 | 0.034417 | 0.035153 | 0.035597 | 0.036333 | 0.036777 | 0.037513 |
| Camarilla | 0.035566 | 0.035674 | 0.035782 | 0.035890 | 0.035998 | 0.036106 | 0.036215 |
| Woodie | 0.034120 | 0.034490 | 0.035300 | 0.035670 | 0.036480 | 0.036850 | 0.037660 |
| Fibonacci | 0.034417 | 0.034867 | 0.035146 | 0.035597 | 0.036047 | 0.036326 | 0.036777 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.016927 | 0.023873 | 0.030067 | 0.037013 | 0.043207 | 0.050153 | 0.056347 |
| Camarilla | 0.032647 | 0.033851 | 0.035056 | 0.036260 | 0.037465 | 0.038669 | 0.039874 |
| Woodie | 0.016550 | 0.023685 | 0.029690 | 0.036825 | 0.042830 | 0.049965 | 0.055970 |
| Fibonacci | 0.023873 | 0.028893 | 0.031994 | 0.037013 | 0.042033 | 0.045134 | 0.050153 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.023973 | 0.030127 | 0.035333 | 0.041487 | 0.046693 | 0.052847 | 0.058053 |
| Camarilla | 0.037416 | 0.038457 | 0.039499 | 0.040540 | 0.041581 | 0.042623 | 0.043664 |
| Woodie | 0.023500 | 0.029890 | 0.034860 | 0.041250 | 0.046220 | 0.052610 | 0.057580 |
| Fibonacci | 0.030127 | 0.034466 | 0.037147 | 0.041487 | 0.045826 | 0.048507 | 0.052847 |
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): | 62.05 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 43.886993 | |
| AROON (14): | 0 | |
| DEMA (21): | 0.036740 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.035008 | |
| Elder Ray (13): | 0.000558 | |
| Super Trend (3,10): | 0.037332 | |
| Zig ZAG (10): | 0.037000 | |
| VORTEX (21): | 1.0470 | |
| Stochastique (14,3,5): | 63.94 | |
| TEMA (21): | 0.037055 | |
| Williams %R (14): | -40.00 | |
| Chande Momentum Oscillator (20): | 0.002700 | |
| Repulse (5,40,3): | -0.6645 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0960 | |
| Courbe Coppock: | 9.38 |
| MA7: | 0.036124 | |
| MA20: | 0.038711 | |
| MA50: | 0.039778 | |
| MA100: | 0.042957 | |
| MAexp7: | 0.036872 | |
| MAexp20: | 0.036253 | |
| MAexp50: | 0.035837 | |
| MAexp100: | 0.035883 | |
| Price / MA7: | +2.48% | |
| Price / MA20: | -4.37% | |
| Price / MA50: | -6.93% | |
| Price / MA100: | -13.82% | |
| Price / MAexp7: | +0.40% | |
| Price / MAexp20: | +2.12% | |
| Price / MAexp50: | +3.30% | |
| Price / MAexp100: | +3.17% |
This member declared not having a position on this financial instrument or a related financial instrument.
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