NEXO - NEXO/USD - 1H - Technical analysis published on 09/02/2023 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 0.587250 USD
My targets
0.557200 USD (-3.21%)
0.528600 USD (-8.18%)
My analysis
The bearish trend is currently very strong for NEXO - NEXO/USD. As long as the price remains below the resistance at 0.587250 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.557200 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.528600 USD as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NEXO - NEXO/USD rating is 0.575700 USD. The price registered a decrease of -0.04% on the session and was between 0.574000 USD and 0.578300 USD. This implies that the price is at +0.30% from its lowest and at -0.45% from its highest.0.574000
0.578300
0.575700
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of NEXO - NEXO/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from 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 decline is moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.528600 | 0.557200 | 0.572500 | 0.575700 | 0.587250 | 0.602500 | 0.620400 |
| Change (%) | -8.18% | -3.21% | -0.56% | - | +2.01% | +4.66% | +7.76% |
| Change | -0.047100 | -0.018500 | -0.003200 | - | +0.011550 | +0.026800 | +0.044700 |
| Level | Intermediate | Minor | Intermediate | - | 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 | 0.554333 | 0.563167 | 0.569533 | 0.578367 | 0.584733 | 0.593567 | 0.599933 |
| Camarilla | 0.571720 | 0.573113 | 0.574507 | 0.575900 | 0.577293 | 0.578687 | 0.580080 |
| Woodie | 0.553100 | 0.562550 | 0.568300 | 0.577750 | 0.583500 | 0.592950 | 0.598700 |
| Fibonacci | 0.563167 | 0.568973 | 0.572560 | 0.578367 | 0.584173 | 0.587760 | 0.593567 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.491300 | 0.528200 | 0.559500 | 0.596400 | 0.627700 | 0.664600 | 0.695900 |
| Camarilla | 0.572045 | 0.578297 | 0.584548 | 0.590800 | 0.597052 | 0.603303 | 0.609555 |
| Woodie | 0.488500 | 0.526800 | 0.556700 | 0.595000 | 0.624900 | 0.663200 | 0.693100 |
| Fibonacci | 0.528200 | 0.554252 | 0.570348 | 0.596400 | 0.622452 | 0.638548 | 0.664600 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.327733 | 0.425067 | 0.501533 | 0.598867 | 0.675333 | 0.772667 | 0.849133 |
| Camarilla | 0.530205 | 0.546137 | 0.562068 | 0.578000 | 0.593932 | 0.609863 | 0.625795 |
| Woodie | 0.317300 | 0.419850 | 0.491100 | 0.593650 | 0.664900 | 0.767450 | 0.838700 |
| Fibonacci | 0.425067 | 0.491458 | 0.532475 | 0.598867 | 0.665258 | 0.706275 | 0.772667 |
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): | 43.52 | |
| MACD (12,26,9): | -0.0025 | |
| Directional Movement: | -26.899677 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.576132 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.583025 | |
| Elder Ray (13): | -0.001318 | |
| Super Trend (3,10): | 0.588438 | |
| Zig ZAG (10): | 0.576900 | |
| VORTEX (21): | 0.9145 | |
| Stochastique (14,3,5): | 39.49 | |
| TEMA (21): | 0.576420 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | -0.007300 | |
| Repulse (5,40,3): | 0.2909 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0679 | |
| Courbe Coppock: | 1.97 |
| MA7: | 0.588186 | |
| MA20: | 0.595745 | |
| MA50: | 0.623550 | |
| MA100: | 0.630348 | |
| MAexp7: | 0.577267 | |
| MAexp20: | 0.579614 | |
| MAexp50: | 0.584575 | |
| MAexp100: | 0.588206 | |
| Price / MA7: | -2.12% | |
| Price / MA20: | -3.36% | |
| Price / MA50: | -7.67% | |
| Price / MA100: | -8.67% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | -0.68% | |
| Price / MAexp50: | -1.52% | |
| Price / MAexp100: | -2.13% |
Quotes :
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Real time data
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About author
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