NEAR - NEAR/USDT - Daily - Technical analysis published on 07/19/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
72%
6%
22%
My opinion
Bearish under 5.26 USDT
My targets
4.07 USDT (-8.13%)
3.16 USDT (-28.67%)
My analysis
The basic trend is bearish on NEAR - NEAR/USDT and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 5.26 USDT. Buyers would then use the next resistance located at 7.18 USDT as an objective. Crossing it would then enable buyers to target 10.36 USDT. If there is a return to below the support located at 4.07 USDT, this would be a sign of a reversal in the basic bearish trend.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0
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Additional analysis
Quotes
The NEAR - NEAR/USDT price is 4.43 USDT. The price registered an increase of +8.85% on the session with the lowest point at 4.02 USDT and the highest point at 4.53 USDT. The deviation from the price is +10.20% for the low point and -2.21% for the high point.4.02
4.53
4.43
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NEAR - NEAR/USDT indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.16 | 4.43 | 10.36 | 13.50 | 17.54 |
| Change (%) | -28.67% | - | +133.86% | +204.74% | +295.94% |
| Change | -1.27 | - | +5.93 | +9.07 | +13.11 |
| Level | Intermediate | - | Minor | Minor | Major |
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 | 3.10 | 3.31 | 3.69 | 3.90 | 4.28 | 4.49 | 4.87 |
| Camarilla | 3.91 | 3.96 | 4.02 | 4.07 | 4.12 | 4.18 | 4.23 |
| Woodie | 3.19 | 3.35 | 3.78 | 3.94 | 4.37 | 4.53 | 4.96 |
| Fibonacci | 3.31 | 3.54 | 3.68 | 3.90 | 4.13 | 4.27 | 4.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.44 | 2.75 | 3.20 | 3.51 | 3.96 | 4.27 | 4.72 |
| Camarilla | 3.44 | 3.51 | 3.58 | 3.65 | 3.72 | 3.79 | 3.86 |
| Woodie | 2.51 | 2.79 | 3.27 | 3.55 | 4.03 | 4.31 | 4.79 |
| Fibonacci | 2.75 | 3.04 | 3.22 | 3.51 | 3.80 | 3.98 | 4.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.96 | 0.96 | 2.15 | 4.07 | 5.26 | 7.18 | 8.37 |
| Camarilla | 2.49 | 2.77 | 3.06 | 3.34 | 3.63 | 3.91 | 4.20 |
| Woodie | -1.33 | 0.78 | 1.79 | 3.89 | 4.90 | 7.00 | 8.01 |
| Fibonacci | 0.96 | 2.15 | 2.88 | 4.07 | 5.26 | 5.99 | 7.18 |
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): | 62.27 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 14.13 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 3.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.08 | |
| Elder Ray (13): | 0.58 | |
| Super Trend (3,10): | 3.25 | |
| Zig ZAG (10): | 4.40 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 82.06 | |
| TEMA (21): | 3.95 | |
| Williams %R (14): | -7.10 | |
| Chande Momentum Oscillator (20): | 0.72 | |
| Repulse (5,40,3): | 21.2400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.5200 | |
| Courbe Coppock: | 16.90 |
| MA7: | 3.71 | |
| MA20: | 3.54 | |
| MA50: | 3.93 | |
| MA100: | 7.27 | |
| MAexp7: | 3.84 | |
| MAexp20: | 3.67 | |
| MAexp50: | 4.44 | |
| MAexp100: | 6.27 | |
| Price / MA7: | +19.41% | |
| Price / MA20: | +25.14% | |
| Price / MA50: | +12.72% | |
| Price / MA100: | -39.06% | |
| Price / MAexp7: | +15.36% | |
| Price / MAexp20: | +20.71% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -29.35% |
Quotes :
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Real time data
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Cryptocompare
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