NEAR - NEAR/USDT - Daily - Technical analysis published on 08/08/2022 (GMT)
- 160
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 4.98 USDT
My targets
5.72 USDT (+10.00%)
6.68 USDT (+28.46%)
My analysis
The basic trend is currently slightly bullish on NEAR - NEAR/USDT and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 4.98 USDT, purchases could be favourable. The first bullish objective would be the resistance located at 5.72 USDT. Then the price could move towards 6.68 USDT. Then 10.36 USDT by extension. A return under the support to 4.98 USDT could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NEAR - NEAR/USDT rating 5.20 USDT. On the day, this instrument gained +4.21% and was between 4.98 USDT and 5.27 USDT. This implies that the price is at +4.42% from its lowest and at -1.33% from its highest.4.98
5.27
5.20
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
A technical analysis in Daily of this NEAR - NEAR/USDT chart shows a slightly bullish trend. Only 46.43% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
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 : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 4.21 | 5.20 | 10.36 | 13.50 | 17.54 |
| Change (%) | -19.04% | - | +99.23% | +159.62% | +237.31% |
| Change | -0.99 | - | +5.16 | +8.30 | +12.34 |
| Level | Intermediate | - | Minor | Minor | Major |
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 | 4.42 | 4.62 | 4.80 | 5.00 | 5.18 | 5.38 | 5.56 |
| Camarilla | 4.89 | 4.92 | 4.96 | 4.99 | 5.03 | 5.06 | 5.10 |
| Woodie | 4.42 | 4.62 | 4.80 | 5.00 | 5.18 | 5.38 | 5.56 |
| Fibonacci | 4.62 | 4.76 | 4.85 | 5.00 | 5.14 | 5.23 | 5.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.00 | 3.52 | 4.21 | 4.73 | 5.42 | 5.94 | 6.63 |
| Camarilla | 4.57 | 4.68 | 4.79 | 4.90 | 5.01 | 5.12 | 5.23 |
| Woodie | 3.09 | 3.56 | 4.30 | 4.77 | 5.51 | 5.98 | 6.72 |
| Fibonacci | 3.52 | 3.98 | 4.27 | 4.73 | 5.19 | 5.48 | 5.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.58 | 2.32 | 3.28 | 4.02 | 4.98 | 5.72 | 6.68 |
| Camarilla | 3.77 | 3.93 | 4.08 | 4.24 | 4.40 | 4.55 | 4.71 |
| Woodie | 1.69 | 2.38 | 3.39 | 4.08 | 5.09 | 5.78 | 6.79 |
| Fibonacci | 2.32 | 2.97 | 3.37 | 4.02 | 4.67 | 5.07 | 5.72 |
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): | 66.43 | |
| MACD (12,26,9): | 0.2900 | |
| Directional Movement: | 14.49 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 4.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.98 | |
| Elder Ray (13): | 0.49 | |
| Super Trend (3,10): | 3.91 | |
| Zig ZAG (10): | 5.22 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 86.97 | |
| TEMA (21): | 5.08 | |
| Williams %R (14): | -2.77 | |
| Chande Momentum Oscillator (20): | 1.07 | |
| Repulse (5,40,3): | 8.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.8100 | |
| Courbe Coppock: | 32.11 |
| MA7: | 4.79 | |
| MA20: | 4.42 | |
| MA50: | 3.91 | |
| MA100: | 5.17 | |
| MAexp7: | 4.85 | |
| MAexp20: | 4.47 | |
| MAexp50: | 4.47 | |
| MAexp100: | 5.70 | |
| Price / MA7: | +8.56% | |
| Price / MA20: | +17.65% | |
| Price / MA50: | +32.99% | |
| Price / MA100: | +0.58% | |
| Price / MAexp7: | +7.22% | |
| Price / MAexp20: | +16.33% | |
| Price / MAexp50: | +16.33% | |
| Price / MAexp100: | -8.77% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis NEAR - NEAR/USDT - Daily