NEO - NEO/BTC

- BTC (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	NEOBTC
ISIN:

NEO - NEO/BTC - Daily - Technical analysis published on 07/10/2020 (GMT)

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

72%

28%

My opinion

Bullish above 0.001035 BTC

My targets

0.001206 BTC (+4.69%)

0.001281 BTC (+11.20%)

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/BTC as long as the price remains well above 0.001035 BTC. The buyers” bullish objective is set at 0.001206 BTC. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.001281 BTC. If there is any crossing, the next objective would be the resistance located at 0.001334 BTC.

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

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NEO - NEO/BTC rating is 0.001152 BTC. The price registered a decrease of -1.20% on the session and was traded between 0.001132 BTC and 0.001167 BTC over the period. The price is currently at +1.77% from its lowest and -1.29% from its highest.

0.001132

0.001167

0.001152

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by NEO - NEO/BTC:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this NEO - NEO/BTC chart shows a bullish trend. 78.57% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.001035	0.001145	0.001152	0.001206	0.001281	0.001334
Change (%)	-10.16%	-0.61%	-	+4.69%	+11.20%	+15.80%
Change	-0.000117	-0.000007	-	+0.000054	+0.000129	+0.000182
Level	Major	Major	-	Intermediate	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001078	0.001107	0.001137	0.001166	0.001196	0.001225	0.001255
Camarilla	0.001150	0.001155	0.001161	0.001166	0.001171	0.001177	0.001182
Woodie	0.001078	0.001107	0.001137	0.001166	0.001196	0.001225	0.001255
Fibonacci	0.001107	0.001130	0.001144	0.001166	0.001189	0.001203	0.001225

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000987	0.001018	0.001054	0.001085	0.001121	0.001152	0.001188
Camarilla	0.001071	0.001077	0.001083	0.001089	0.001095	0.001101	0.001107
Woodie	0.000989	0.001019	0.001056	0.001086	0.001123	0.001153	0.001190
Fibonacci	0.001018	0.001044	0.001060	0.001085	0.001111	0.001127	0.001152

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000883	0.000879	0.001003	0.000999	0.001123	0.001119	0.001243
Camarilla	0.001093	0.001104	0.001115	0.001126	0.001137	0.001148	0.001159
Woodie	0.000946	0.000911	0.001066	0.001031	0.001186	0.001151	0.001306
Fibonacci	0.000879	0.000925	0.000954	0.000999	0.001045	0.001074	0.001119

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):	53.44
MACD (12,26,9):	0.0000
Directional Movement:	1.304403
AROON (14):	7.142861
DEMA (21):	0.001114
Parabolic SAR (0,02-0,02-0,2):	0.000883
Elder Ray (13):	0.000032
Super Trend (3,10):	0.000962
Zig ZAG (10):	0.001149
VORTEX (21):	0.9801
Stochastique (14,3,5):	83.43
TEMA (21):	0.001119
Williams %R (14):	-20.81
Chande Momentum Oscillator (20):	0.000034
Repulse (5,40,3):	2.8780
ROCnROLL:	1
TRIX (15,9):	-0.1193
Courbe Coppock:	2.98

MA7:	0.001121
MA20:	0.001109
MA50:	0.001137
MA100:	0.001103
MAexp7:	0.001127
MAexp20:	0.001117
MAexp50:	0.001120
MAexp100:	0.001128
Price / MA7:	+2.77%
Price / MA20:	+3.88%
Price / MA50:	+1.32%
Price / MA100:	+4.44%
Price / MAexp7:	+2.22%
Price / MAexp20:	+3.13%
Price / MAexp50:	+2.86%
Price / MAexp100:	+2.13%

Quotes : 2020-07-10 14:29:57 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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