NEM - XEM/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
33%
39%
28%
My opinion
Bearish under 0.035588 USDT
My targets
0.033740 USDT (-2.65%)
0.031540 USDT (-9.00%)
My analysis
NEM - XEM/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.035588 USDT. The next support located at 0.033740 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.031540 USDT. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.3
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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 NEM - XEM/USDT price is 0.034660 USDT. On the day, this instrument lost -1.53% and was between 0.033820 USDT and 0.035410 USDT. This implies that the price is at +2.48% from its lowest and at -2.12% from its highest.0.033820
0.035410
0.034660
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NEM - XEM/USDT:
Technical
A technical analysis in 1H of this NEM - XEM/USDT chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 6 are bullish, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
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 resistance is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.031540 | 0.033740 | 0.034660 | 0.035588 | 0.036929 | 0.038402 |
| Change (%) | -9.00% | -2.65% | - | +2.68% | +6.55% | +10.80% |
| Change | -0.003120 | -0.000920 | - | +0.000928 | +0.002269 | +0.003742 |
| Level | Minor | Intermediate | - | Minor | 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 | 0.033413 | 0.034207 | 0.034703 | 0.035497 | 0.035993 | 0.036787 | 0.037283 |
| Camarilla | 0.034845 | 0.034964 | 0.035082 | 0.035200 | 0.035318 | 0.035437 | 0.035555 |
| Woodie | 0.033265 | 0.034133 | 0.034555 | 0.035423 | 0.035845 | 0.036713 | 0.037135 |
| Fibonacci | 0.034207 | 0.034699 | 0.035004 | 0.035497 | 0.035989 | 0.036294 | 0.036787 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.025240 | 0.028390 | 0.032110 | 0.035260 | 0.038980 | 0.042130 | 0.045850 |
| Camarilla | 0.033941 | 0.034571 | 0.035200 | 0.035830 | 0.036460 | 0.037090 | 0.037719 |
| Woodie | 0.025525 | 0.028533 | 0.032395 | 0.035403 | 0.039265 | 0.042273 | 0.046135 |
| Fibonacci | 0.028390 | 0.031014 | 0.032636 | 0.035260 | 0.037884 | 0.039506 | 0.042130 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.014730 | 0.022350 | 0.029240 | 0.036860 | 0.043750 | 0.051370 | 0.058260 |
| Camarilla | 0.032140 | 0.033470 | 0.034800 | 0.036130 | 0.037460 | 0.038790 | 0.040120 |
| Woodie | 0.014365 | 0.022168 | 0.028875 | 0.036678 | 0.043385 | 0.051188 | 0.057895 |
| Fibonacci | 0.022350 | 0.027893 | 0.031317 | 0.036860 | 0.042403 | 0.045827 | 0.051370 |
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): | 39.39 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -25.726619 | |
| AROON (14): | 7.142857 | |
| DEMA (21): | 0.034932 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.034436 | |
| Elder Ray (13): | -0.000084 | |
| Super Trend (3,10): | 0.035537 | |
| Zig ZAG (10): | 0.035000 | |
| VORTEX (21): | 0.9312 | |
| Stochastique (14,3,5): | 68.96 | |
| TEMA (21): | 0.034935 | |
| Williams %R (14): | -46.59 | |
| Chande Momentum Oscillator (20): | -0.000180 | |
| Repulse (5,40,3): | -0.0032 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0795 | |
| Courbe Coppock: | 0.57 |
| MA7: | 0.035597 | |
| MA20: | 0.035893 | |
| MA50: | 0.038725 | |
| MA100: | 0.040784 | |
| MAexp7: | 0.035022 | |
| MAexp20: | 0.035175 | |
| MAexp50: | 0.035475 | |
| MAexp100: | 0.035652 | |
| Price / MA7: | -2.63% | |
| Price / MA20: | -3.44% | |
| Price / MA50: | -10.50% | |
| Price / MA100: | -15.02% | |
| Price / MAexp7: | -1.03% | |
| Price / MAexp20: | -1.46% | |
| Price / MAexp50: | -2.30% | |
| Price / MAexp100: | -2.78% |
This member declared not having a position on this financial instrument or a related financial instrument.
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