NEO - NEO/USD
NEO - NEO/USD
- USD (-)
- Real time data - CoinMarketCap
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Type: Cryptocurrencies
Ticker: NEOUSD
ISIN:

NEO - NEO/USD - Weekly - Technical analysis published on 08/25/2021 (GMT)

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  • 08/25/2021 - 19:31
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  • Timeframe : Weekly
  • - Analysis generated on 08/25/2021 - 19:31
  • Status : INVALID

Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 43.49 USD
My targets
77.62 USD (+36.61%)
122.72 USD (+115.98%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NEO - NEO/USD as long as the price remains well above 43.49 USD. The buyers' bullish objective is set at 77.62 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 122.72 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3

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:
15 min. 1H Daily

Additional analysis

Quotes

The NEO - NEO/USD price is 56.82 USD. The price registered an increase of +4.58% over 5 days and was traded between 53.55 USD and 61.94 USD over the period. The price is currently at +6.11% from its lowest point and -8.27% from its highest point.

53.55
61.94
56.82

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Created with Raphaël 2.3.0075150225300January 1st3 years1 year6 months1 month5 daysToday

Technical


A technical analysis in Weekly of this NEO - NEO/USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are bullish. There is still some doubt about the price increase.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Weekly




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 13.37 43.49 54.83 56.82 122.72
Change (%) -76.47% -23.46% -3.50% - +115.98%
Change -43.45 -13.33 -1.99 - +65.90
Level Major Intermediate Major - 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
Standard45.3350.3052.9757.9460.6165.5868.25
Camarilla53.5554.2554.9555.6556.3557.0557.75
Woodie44.1949.7351.8357.3759.4765.0167.11
Fibonacci50.3053.2255.0257.9460.8662.6665.58


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard38.3443.6649.5254.8460.7066.0271.88
Camarilla52.3253.3454.3755.3956.4257.4458.47
Woodie38.6243.8049.8054.9860.9866.1672.16
Fibonacci43.6647.9350.5754.8459.1161.7566.02


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.9616.5831.1839.8054.4063.0277.62
Camarilla39.4041.5243.6545.7847.9150.0452.17
Woodie10.9518.0834.1741.3057.3964.5280.61
Fibonacci16.5825.4530.9339.8048.6754.1563.02

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Created with Raphaël 2.3.0Buy12
Moving averages
Created with Raphaël 2.3.0Buy23

RSI (14): 55.01
MACD (12,26,9): 1.4200
Directional Movement: 13.75
AROON (14): -64.29
DEMA (21): 51.80
Parabolic SAR (0,02-0,02-0,2): 75.74
Elder Ray (13): 8.46
Super Trend (3,10): 79.53
Zig ZAG (10): 57.02
VORTEX (21): 1.0200
Stochastique (14,3,5): 49.37
TEMA (21): 47.57
Williams %R (14): -22.97
Chande Momentum Oscillator (20): 1.14
Repulse (5,40,3): 20.7700
ROCnROLL: 1
TRIX (15,9): 0.6200
Courbe Coppock: 55.26
MA7: 56.47
MA20: 52.65
MA50: 41.77
MA100: 44.68
MAexp7: 50.09
MAexp20: 48.94
MAexp50: 41.23
MAexp100: 32.59
Price / MA7: +0.62%
Price / MA20: +7.92%
Price / MA50: +36.03%
Price / MA100: +27.17%
Price / MAexp7: +13.44%
Price / MAexp20: +16.10%
Price / MAexp50: +37.81%
Price / MAexp100: +74.35%

Quotes : 08/25/2021 - 19:30 - Real time data - Cryptocompare

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

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