NEO - NEO/USD

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Type:	Cryptocurrencies
Ticker:	NEOUSD
ISIN:

NEO - NEO/USD - Daily - Technical analysis published on 03/22/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

56%

39%

My opinion

Bullish above 42.06 USD

My targets

53.06 USD (+20.86%)

54.83 USD (+24.90%)

My analysis

The bullish trend is currently very strong on NEO - NEO/USD. As long as the price remains above the support at 42.06 USD, you could try to benefit from the boom. The first bullish objective is located at 53.06 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 54.83 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

7.7

Comment on the analysis

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 AKOUSA. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NEO - NEO/USD price is 43.90 USD. On the day, this instrument gained +3.34% and was between 41.37 USD and 44.16 USD. This implies that the price is at +6.12% from its lowest and at -0.59% from its highest.

41.37

44.16

43.90

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:

Technical

Technical analysis of this Daily chart of NEO - NEO/USD indicates that the overall trend is strongly bullish. 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. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	25.28	35.26	42.06	43.90	54.83
Change (%)	-42.41%	-19.68%	-4.19%	-	+24.90%
Change	-18.62	-8.64	-1.84	-	+10.93
Level	Intermediate	Intermediate	Intermediate	-	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.90	40.01	41.25	42.36	43.60	44.71	45.95
Camarilla	41.83	42.05	42.27	42.48	42.70	42.91	43.13
Woodie	38.96	40.04	41.31	42.39	43.66	44.74	46.01
Fibonacci	40.01	40.91	41.47	42.36	43.26	43.82	44.71

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.16	32.27	37.60	42.71	48.04	53.15	58.48
Camarilla	40.07	41.03	41.98	42.94	43.90	44.85	45.81
Woodie	27.28	32.33	37.72	42.77	48.16	53.21	58.60
Fibonacci	32.27	36.26	38.72	42.71	46.70	49.16	53.15

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-13.74	4.05	19.66	37.45	53.06	70.85	86.46
Camarilla	26.08	29.14	32.20	35.26	38.32	41.38	44.45
Woodie	-14.84	3.51	18.56	36.91	51.96	70.31	85.36
Fibonacci	4.05	16.81	24.70	37.45	50.21	58.10	70.85

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):	56.46
MACD (12,26,9):	1.5300
Directional Movement:	5.79
AROON (14):	21.43
DEMA (21):	43.61
Parabolic SAR (0,02-0,02-0,2):	32.90
Elder Ray (13):	0.40
Super Trend (3,10):	33.48
Zig ZAG (10):	44.06
VORTEX (21):	1.0900
Stochastique (14,3,5):	55.17
TEMA (21):	43.18
Williams %R (14):	-37.36
Chande Momentum Oscillator (20):	2.99
Repulse (5,40,3):	3.8200
ROCnROLL:	1
TRIX (15,9):	0.5000
Courbe Coppock:	18.56

MA7:	43.46
MA20:	41.11
MA50:	38.21
MA100:	28.97
MAexp7:	42.99
MAexp20:	41.50
MAexp50:	37.56
MAexp100:	31.93
Price / MA7:	+1.01%
Price / MA20:	+6.79%
Price / MA50:	+14.89%
Price / MA100:	+51.54%
Price / MAexp7:	+2.12%
Price / MAexp20:	+5.78%
Price / MAexp50:	+16.88%
Price / MAexp100:	+37.49%

Quotes : 2021-03-22 15:11:25 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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