NEAR - NEAR/USD - 1H - Technical analysis published on 06/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Bullish above 4.63 USD
My targets
5.20 USD (+3.38%)
5.50 USD (+9.34%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for NEAR - NEAR/USD as long as the price remains well above 4.63 USD. The buyers' bullish objective is set at 5.20 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.50 USD. If there is any crossing, the next objective would be the resistance located at 6.09 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 5.20 USD. On this resistance, against the trend traders who would like to go short on NEAR - NEAR/USD with a bearish signal from their trading strategy, should not hesitate to act.
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
2.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NEAR - NEAR/USD rating 5.03 USD. The price registered an increase of +6.34% on the session and was between 4.66 USD and 5.04 USD. This implies that the price is at +7.94% from its lowest and at -0.20% from its highest.4.66
5.04
5.03
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NEAR - NEAR/USD chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. 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 under support 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.30 | 4.57 | 5.01 | 5.03 | 5.20 | 5.50 | 6.09 |
| Change (%) | -14.51% | -9.15% | -0.40% | - | +3.38% | +9.34% | +21.07% |
| Change | -0.73 | -0.46 | -0.02 | - | +0.17 | +0.47 | +1.06 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | 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 | 3.66 | 4.06 | 4.39 | 4.79 | 5.12 | 5.52 | 5.85 |
| Camarilla | 4.53 | 4.60 | 4.66 | 4.73 | 4.80 | 4.86 | 4.93 |
| Woodie | 3.64 | 4.04 | 4.37 | 4.77 | 5.10 | 5.50 | 5.83 |
| Fibonacci | 4.06 | 4.34 | 4.51 | 4.79 | 5.07 | 5.24 | 5.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.84 | 4.63 | 5.12 | 5.91 | 6.40 | 7.19 | 7.68 |
| Camarilla | 5.25 | 5.37 | 5.48 | 5.60 | 5.72 | 5.84 | 5.95 |
| Woodie | 3.68 | 4.56 | 4.96 | 5.84 | 6.24 | 7.12 | 7.52 |
| Fibonacci | 4.63 | 5.12 | 5.42 | 5.91 | 6.40 | 6.70 | 7.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.00 | 4.36 | 5.80 | 7.16 | 8.60 | 9.96 | 11.40 |
| Camarilla | 6.47 | 6.73 | 6.98 | 7.24 | 7.50 | 7.75 | 8.01 |
| Woodie | 3.04 | 4.38 | 5.84 | 7.18 | 8.64 | 9.98 | 11.44 |
| Fibonacci | 4.36 | 5.43 | 6.09 | 7.16 | 8.23 | 8.89 | 9.96 |
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): | 63.22 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 5.79 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 4.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.61 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 4.74 | |
| Zig ZAG (10): | 5.00 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 94.05 | |
| TEMA (21): | 4.91 | |
| Williams %R (14): | -7.84 | |
| Chande Momentum Oscillator (20): | 0.50 | |
| Repulse (5,40,3): | 1.5800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 11.31 |
| MA7: | 5.37 | |
| MA20: | 6.39 | |
| MA50: | 7.03 | |
| MA100: | 6.91 | |
| MAexp7: | 4.90 | |
| MAexp20: | 4.82 | |
| MAexp50: | 4.97 | |
| MAexp100: | 5.23 | |
| Price / MA7: | -6.33% | |
| Price / MA20: | -21.28% | |
| Price / MA50: | -28.45% | |
| Price / MA100: | -27.21% | |
| Price / MAexp7: | +2.65% | |
| Price / MAexp20: | +4.36% | |
| Price / MAexp50: | +1.21% | |
| Price / MAexp100: | -3.82% |
Quotes :
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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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