NEO - NEO/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	NEOUSD
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NEO - NEO/USD - Daily - Technical analysis published on 02/07/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 8.06 USD

My targets

8.93 USD (+3.00%)

9.94 USD (+14.65%)

My analysis

The bullish trend is currently very strong on NEO - NEO/USD. As long as the price remains above the support at 8.06 USD, you could try to benefit from the boom. The first bullish objective is located at 8.93 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9.94 USD as an objective. Crossing it would then enable buyers to target 10.69 USD. 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

8.4

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

Additional analysis

Quotes

The NEO - NEO/USD price is 8.67 USD. On the day, this instrument lost -1.81% and was traded between 8.67 USD and 8.93 USD over the period. The price is currently at 0% from its lowest and -2.91% from its highest.

8.67

8.93

8.67

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of NEO - NEO/USD in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.68	7.45	8.06	8.67	8.93	9.94	10.69
Change (%)	-22.95%	-14.07%	-7.04%	-	+3.00%	+14.65%	+23.30%
Change	-1.99	-1.22	-0.61	-	+0.26	+1.27	+2.02
Level	Intermediate	Minor	Intermediate	-	Intermediate	Intermediate	Minor

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	7.98	8.30	8.57	8.89	9.16	9.48	9.75
Camarilla	8.67	8.72	8.78	8.83	8.88	8.94	8.99
Woodie	7.95	8.29	8.54	8.88	9.13	9.47	9.72
Fibonacci	8.30	8.53	8.67	8.89	9.12	9.26	9.48

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.65	7.28	8.10	8.73	9.55	10.18	11.00
Camarilla	8.53	8.66	8.80	8.93	9.06	9.20	9.33
Woodie	6.76	7.33	8.21	8.78	9.66	10.23	11.11
Fibonacci	7.28	7.83	8.17	8.73	9.28	9.62	10.18

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.35	5.24	6.72	7.61	9.09	9.98	11.46
Camarilla	7.56	7.78	7.99	8.21	8.43	8.65	8.86
Woodie	4.66	5.39	7.03	7.76	9.40	10.13	11.77
Fibonacci	5.24	6.14	6.70	7.61	8.51	9.07	9.98

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):	69.37
MACD (12,26,9):	0.4500
Directional Movement:	18.88
AROON (14):	57.14
DEMA (21):	8.84
Parabolic SAR (0,02-0,02-0,2):	8.36
Elder Ray (13):	0.32
Super Trend (3,10):	7.60
Zig ZAG (10):	8.83
VORTEX (21):	1.0300
Stochastique (14,3,5):	72.54
TEMA (21):	9.02
Williams %R (14):	-28.98
Chande Momentum Oscillator (20):	1.04
Repulse (5,40,3):	1.3900
ROCnROLL:	1
TRIX (15,9):	0.8300
Courbe Coppock:	24.75

MA7:	8.72
MA20:	8.19
MA50:	7.26
MA100:	7.24
MAexp7:	8.70
MAexp20:	8.26
MAexp50:	7.69
MAexp100:	7.62
Price / MA7:	-0.57%
Price / MA20:	+5.86%
Price / MA50:	+19.42%
Price / MA100:	+19.75%
Price / MAexp7:	-0.34%
Price / MAexp20:	+4.96%
Price / MAexp50:	+12.74%
Price / MAexp100:	+13.78%

Quotes : - Real time data - Cryptocompare

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

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Londinia AI

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