NEXO - NEXO/USD - 1H - Technical analysis published on 10/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 0.981672 USD
My targets
0.999510 USD (+0.91%)
1.016778 USD (+2.66%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NEXO - NEXO/USD. As long as you are above the support located at 0.981672 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.999510 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.016778 USD as an objective. Crossing it would then enable buyers to target 1.083000 USD. If the support 0.981672 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2
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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 0.990458 USD. The price registered a decrease of -0.25% on the session and was between 0.982064 USD and 1.000967 USD. This implies that the price is at +0.85% from its lowest and at -1.05% from its highest.0.982064
1.000967
0.990458
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NEXO - NEXO/USD:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NEXO - NEXO/USD chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.954053 | 0.963277 | 0.981672 | 0.990458 | 0.999510 | 1.016778 | 1.083000 |
| Change (%) | -3.68% | -2.74% | -0.89% | - | +0.91% | +2.66% | +9.34% |
| Change | -0.036405 | -0.027181 | -0.008786 | - | +0.009052 | +0.026320 | +0.092542 |
| Level | Major | Intermediate | 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 | 0.930013 | 0.945009 | 0.968991 | 0.983987 | 1.007969 | 1.022965 | 1.046947 |
| Camarilla | 0.982254 | 0.985827 | 0.989400 | 0.992973 | 0.996546 | 1.000119 | 1.003692 |
| Woodie | 0.934506 | 0.947256 | 0.973484 | 0.986234 | 1.012462 | 1.025212 | 1.051440 |
| Fibonacci | 0.945009 | 0.959899 | 0.969097 | 0.983987 | 0.998877 | 1.008075 | 1.022965 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.801027 | 0.873963 | 0.921827 | 0.994763 | 1.042627 | 1.115563 | 1.163427 |
| Camarilla | 0.936470 | 0.947543 | 0.958617 | 0.969690 | 0.980763 | 0.991837 | 1.002910 |
| Woodie | 0.788490 | 0.867695 | 0.909290 | 0.988495 | 1.030090 | 1.109295 | 1.150890 |
| Fibonacci | 0.873963 | 0.920109 | 0.948618 | 0.994763 | 1.040909 | 1.069418 | 1.115563 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.488200 | 0.673000 | 0.850400 | 1.035200 | 1.212600 | 1.397400 | 1.574800 |
| Camarilla | 0.928195 | 0.961397 | 0.994598 | 1.027800 | 1.061002 | 1.094203 | 1.127405 |
| Woodie | 0.484500 | 0.671150 | 0.846700 | 1.033350 | 1.208900 | 1.395550 | 1.571100 |
| Fibonacci | 0.673000 | 0.811360 | 0.896840 | 1.035200 | 1.173560 | 1.259040 | 1.397400 |
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): | 50.57 | |
| MACD (12,26,9): | 0.0028 | |
| Directional Movement: | -3.330002 | |
| AROON (14): | -7.142858 | |
| DEMA (21): | 0.995620 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.982754 | |
| Elder Ray (13): | -0.002315 | |
| Super Trend (3,10): | 0.979957 | |
| Zig ZAG (10): | 0.990297 | |
| VORTEX (21): | 1.0091 | |
| Stochastique (14,3,5): | 59.74 | |
| TEMA (21): | 0.995074 | |
| Williams %R (14): | -56.45 | |
| Chande Momentum Oscillator (20): | -0.006688 | |
| Repulse (5,40,3): | -0.0346 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0596 | |
| Courbe Coppock: | 0.03 |
| MA7: | 0.982836 | |
| MA20: | 1.008639 | |
| MA50: | 1.002423 | |
| MA100: | 1.059309 | |
| MAexp7: | 0.992848 | |
| MAexp20: | 0.991295 | |
| MAexp50: | 0.986110 | |
| MAexp100: | 0.984097 | |
| Price / MA7: | +0.78% | |
| Price / MA20: | -1.80% | |
| Price / MA50: | -1.19% | |
| Price / MA100: | -6.50% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | +0.44% | |
| Price / MAexp100: | +0.65% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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