NEAR - NEAR/USDT - Daily - Technical analysis published on 05/28/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 7.58 USDT
My targets
4.82 USDT (-1.29%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NEAR - NEAR/USDT as long as the price remains well below 7.58 USDT. The sellers' bearish objective is set at 4.82 USDT. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7
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Additional analysis
Quotes
NEAR - NEAR/USDT rating 4.88 USDT. On the day, this instrument gained +1.67% and was between 4.72 USDT and 4.95 USDT. This implies that the price is at +3.39% from its lowest and at -1.41% from its highest.4.72
4.95
4.88
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NEAR - NEAR/USDT 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
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:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 4.88 | 8.46 | 13.49 | 17.54 |
| Change (%) | - | +73.36% | +176.43% | +259.43% |
| Change | - | +3.58 | +8.61 | +12.66 |
| Level | - | Minor | Minor | Intermediate |
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 | 3.93 | 4.31 | 4.55 | 4.93 | 5.17 | 5.55 | 5.79 |
| Camarilla | 4.63 | 4.69 | 4.74 | 4.80 | 4.86 | 4.91 | 4.97 |
| Woodie | 3.87 | 4.28 | 4.49 | 4.90 | 5.11 | 5.52 | 5.73 |
| Fibonacci | 4.31 | 4.54 | 4.69 | 4.93 | 5.16 | 5.31 | 5.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.40 | 4.48 | 5.31 | 6.39 | 7.22 | 8.30 | 9.13 |
| Camarilla | 5.61 | 5.78 | 5.96 | 6.13 | 6.31 | 6.48 | 6.66 |
| Woodie | 3.27 | 4.42 | 5.18 | 6.33 | 7.09 | 8.24 | 9.00 |
| Fibonacci | 4.48 | 5.21 | 5.66 | 6.39 | 7.12 | 7.57 | 8.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.48 | 4.82 | 7.58 | 12.88 | 15.64 | 20.94 | 23.70 |
| Camarilla | 8.13 | 8.87 | 9.61 | 10.35 | 11.09 | 11.83 | 12.57 |
| Woodie | -1.74 | 4.19 | 6.32 | 12.25 | 14.38 | 20.31 | 22.44 |
| Fibonacci | 4.82 | 7.90 | 9.80 | 12.88 | 15.96 | 17.86 | 20.94 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 28.07 | |
| MACD (12,26,9): | -1.6100 | |
| Directional Movement: | -22.11 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 4.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.95 | |
| Elder Ray (13): | -1.18 | |
| Super Trend (3,10): | 7.34 | |
| Zig ZAG (10): | 4.89 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 6.01 | |
| TEMA (21): | 4.35 | |
| Williams %R (14): | -92.90 | |
| Chande Momentum Oscillator (20): | -1.66 | |
| Repulse (5,40,3): | -12.5600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -2.6100 | |
| Courbe Coppock: | 50.38 |
| MA7: | 5.53 | |
| MA20: | 6.41 | |
| MA50: | 11.06 | |
| MA100: | 11.35 | |
| MAexp7: | 5.41 | |
| MAexp20: | 6.82 | |
| MAexp50: | 9.37 | |
| MAexp100: | 10.72 | |
| Price / MA7: | -11.75% | |
| Price / MA20: | -23.87% | |
| Price / MA50: | -55.88% | |
| Price / MA100: | -57.00% | |
| Price / MAexp7: | -9.80% | |
| Price / MAexp20: | -28.45% | |
| Price / MAexp50: | -47.92% | |
| Price / MAexp100: | -54.48% |
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.
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