NEO - NEO/BTC - Daily - Technical analysis published on 08/26/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.001356 BTC
My targets
0.001617 BTC (+5.27%)
0.001960 BTC (+27.60%)
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 0.001356 BTC. The buyers” bullish objective is set at 0.001617 BTC. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.001960 BTC. If there is any crossing, the next objective would be the resistance located at 0.002648 BTC. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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This analysis was given by Mangart. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NEO - NEO/BTC rating is 0.001536 BTC. The price has increased by +2.74% since the last closing and was between 0.001484 BTC and 0.001569 BTC. This implies that the price is at +3.50% from its lowest and at -2.10% from its highest.0.001484
0.001569
0.001536
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NEO - NEO/BTC:
Technical
Technical analysis of NEO - NEO/BTC in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.001213 | 0.001281 | 0.001356 | 0.001536 | 0.001617 | 0.002648 | 0.006731 |
| Change (%) | -21.03% | -16.60% | -11.72% | - | +5.27% | +72.40% | +338.22% |
| Change | -0.000323 | -0.000255 | -0.000180 | - | +0.000081 | +0.001112 | +0.005195 |
| Level | Minor | Minor | Major | - | 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 | 0.001311 | 0.001377 | 0.001436 | 0.001502 | 0.001561 | 0.001627 | 0.001686 |
| Camarilla | 0.001461 | 0.001472 | 0.001484 | 0.001495 | 0.001507 | 0.001518 | 0.001529 |
| Woodie | 0.001308 | 0.001375 | 0.001433 | 0.001500 | 0.001558 | 0.001625 | 0.001683 |
| Fibonacci | 0.001377 | 0.001425 | 0.001454 | 0.001502 | 0.001550 | 0.001579 | 0.001627 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000913 | 0.001080 | 0.001353 | 0.001520 | 0.001793 | 0.001960 | 0.002233 |
| Camarilla | 0.001505 | 0.001545 | 0.001586 | 0.001626 | 0.001666 | 0.001707 | 0.001747 |
| Woodie | 0.000966 | 0.001107 | 0.001406 | 0.001547 | 0.001846 | 0.001987 | 0.002286 |
| Fibonacci | 0.001080 | 0.001248 | 0.001352 | 0.001520 | 0.001688 | 0.001792 | 0.001960 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000730 | 0.000861 | 0.000967 | 0.001098 | 0.001204 | 0.001335 | 0.001441 |
| Camarilla | 0.001007 | 0.001029 | 0.001050 | 0.001072 | 0.001094 | 0.001115 | 0.001137 |
| Woodie | 0.000717 | 0.000855 | 0.000954 | 0.001092 | 0.001191 | 0.001329 | 0.001428 |
| Fibonacci | 0.000861 | 0.000952 | 0.001008 | 0.001098 | 0.001189 | 0.001245 | 0.001335 |
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): | 65.62 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 16.816654 | |
| AROON (14): | 78.571426 | |
| DEMA (21): | 0.001504 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.001443 | |
| Elder Ray (13): | 0.000090 | |
| Super Trend (3,10): | 0.001235 | |
| Zig ZAG (10): | 0.001537 | |
| VORTEX (21): | 1.1664 | |
| Stochastique (14,3,5): | 66.16 | |
| TEMA (21): | 0.001570 | |
| Williams %R (14): | -31.40 | |
| Chande Momentum Oscillator (20): | 0.000275 | |
| Repulse (5,40,3): | -2.2558 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.0056 | |
| Courbe Coppock: | 53.37 |
| MA7: | 0.001525 | |
| MA20: | 0.001340 | |
| MA50: | 0.001220 | |
| MA100: | 0.001177 | |
| MAexp7: | 0.001497 | |
| MAexp20: | 0.001379 | |
| MAexp50: | 0.001263 | |
| MAexp100: | 0.001206 | |
| Price / MA7: | +0.72% | |
| Price / MA20: | +14.63% | |
| Price / MA50: | +25.90% | |
| Price / MA100: | +30.50% | |
| Price / MAexp7: | +2.61% | |
| Price / MAexp20: | +11.39% | |
| Price / MAexp50: | +21.62% | |
| Price / MAexp100: | +27.36% |
Quotes :
2020-08-26 21:54:57
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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