NXT - NXT/USDT - 1H - Technical analysis published on 11/29/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.011480 USDT
My targets
0.011890 USDT (+2.24%)
0.012120 USDT (+4.21%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NXT - NXT/USDT as long as the price remains well above 0.011480 USDT. The buyers” bullish objective is set at 0.011890 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.012120 USDT. If there is any crossing, the next objective would be the resistance located at 0.012373 USDT. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.9
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
The NXT - NXT/USDT rating is 0.011630 USDT. On the day, this instrument gained +4.96% and was traded between 0.010990 USDT and 0.011690 USDT over the period. The price is currently at +5.82% from its lowest and -0.51% from its highest.0.010990
0.011690
0.011630
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this NXT - NXT/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.010463 | 0.010960 | 0.011480 | 0.011630 | 0.011890 | 0.012120 | 0.012373 |
| Change (%) | -10.03% | -5.76% | -1.29% | - | +2.24% | +4.21% | +6.39% |
| Change | -0.001167 | -0.000670 | -0.000150 | - | +0.000260 | +0.000490 | +0.000743 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.009980 | 0.010360 | 0.010720 | 0.011100 | 0.011460 | 0.011840 | 0.012200 |
| Camarilla | 0.010877 | 0.010944 | 0.011012 | 0.011080 | 0.011148 | 0.011216 | 0.011284 |
| Woodie | 0.009970 | 0.010355 | 0.010710 | 0.011095 | 0.011450 | 0.011835 | 0.012190 |
| Fibonacci | 0.010360 | 0.010643 | 0.010817 | 0.011100 | 0.011383 | 0.011557 | 0.011840 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007273 | 0.008787 | 0.009793 | 0.011307 | 0.012313 | 0.013827 | 0.014833 |
| Camarilla | 0.010107 | 0.010338 | 0.010569 | 0.010800 | 0.011031 | 0.011262 | 0.011493 |
| Woodie | 0.007020 | 0.008660 | 0.009540 | 0.011180 | 0.012060 | 0.013700 | 0.014580 |
| Fibonacci | 0.008787 | 0.009749 | 0.010344 | 0.011307 | 0.012269 | 0.012864 | 0.013827 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007697 | 0.009433 | 0.011017 | 0.012753 | 0.014337 | 0.016073 | 0.017657 |
| Camarilla | 0.011687 | 0.011991 | 0.012296 | 0.012600 | 0.012904 | 0.013209 | 0.013513 |
| Woodie | 0.007620 | 0.009395 | 0.010940 | 0.012715 | 0.014260 | 0.016035 | 0.017580 |
| Fibonacci | 0.009433 | 0.010702 | 0.011485 | 0.012753 | 0.014022 | 0.014805 | 0.016073 |
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): | 73.78 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 27.406651 | |
| AROON (14): | 28.571426 | |
| DEMA (21): | 0.011424 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.011072 | |
| Elder Ray (13): | 0.000277 | |
| Super Trend (3,10): | 0.011184 | |
| Zig ZAG (10): | 0.011490 | |
| VORTEX (21): | 1.0696 | |
| Stochastique (14,3,5): | 95.95 | |
| TEMA (21): | 0.011370 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.000340 | |
| Repulse (5,40,3): | 2.0085 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0829 | |
| Courbe Coppock: | 2.56 |
| MA7: | 0.010820 | |
| MA20: | 0.011852 | |
| MA50: | 0.012531 | |
| MA100: | 0.013484 | |
| MAexp7: | 0.011350 | |
| MAexp20: | 0.011281 | |
| MAexp50: | 0.011094 | |
| MAexp100: | 0.010956 | |
| Price / MA7: | +7.49% | |
| Price / MA20: | -1.87% | |
| Price / MA50: | -7.19% | |
| Price / MA100: | -13.75% | |
| Price / MAexp7: | +2.47% | |
| Price / MAexp20: | +3.09% | |
| Price / MAexp50: | +4.83% | |
| Price / MAexp100: | +6.15% |
This member declared not having a position on this financial instrument or a related financial instrument.
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