NEO - NEO/USD

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Type:	Cryptocurrencies
Ticker:	NEOUSD
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NEO - NEO/USD - Daily - Technical analysis published on 02/20/2023 (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

89%

11%

My opinion

Bullish above 11.04 USD

My targets

11.99 USD (+5.55%)

12.39 USD (+9.07%)

My analysis

NEO - NEO/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 11.04 USD. The next resistance located at 11.99 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 12.39 USD. After this resistance, buyers could then target 25.68 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.9

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

NEO - NEO/USD rating 11.36 USD. The price registered an increase of +7.47% on the session and was traded between 10.31 USD and 11.36 USD over the period. The price is currently at +10.18% from its lowest and 0% from its highest.

10.31

11.36

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

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.

In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.96	9.94	11.04	11.36	11.99	25.68	65.69
Change (%)	-21.13%	-12.50%	-2.82%	-	+5.55%	+126.06%	+478.26%
Change	-2.40	-1.42	-0.32	-	+0.63	+14.32	+54.33
Level	Major	Minor	Minor	-	Minor	Minor	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	8.10	8.85	9.71	10.46	11.32	12.07	12.93
Camarilla	10.13	10.28	10.42	10.57	10.72	10.87	11.01
Woodie	8.16	8.88	9.77	10.49	11.38	12.10	12.99
Fibonacci	8.85	9.47	9.85	10.46	11.08	11.46	12.07

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.93	7.54	8.75	9.36	10.57	11.18	12.39
Camarilla	9.46	9.63	9.79	9.96	10.13	10.29	10.46
Woodie	7.23	7.69	9.05	9.51	10.87	11.33	12.69
Fibonacci	7.54	8.24	8.67	9.36	10.06	10.49	11.18

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.69	5.50	6.86	7.67	9.03	9.84	11.20
Camarilla	7.61	7.81	8.01	8.21	8.41	8.61	8.81
Woodie	4.96	5.64	7.13	7.81	9.30	9.98	11.47
Fibonacci	5.50	6.33	6.84	7.67	8.50	9.01	9.84

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):	74.67
MACD (12,26,9):	0.5700
Directional Movement:	30.04
AROON (14):	42.86
DEMA (21):	9.88
Parabolic SAR (0,02-0,02-0,2):	8.31
Elder Ray (13):	1.17
Super Trend (3,10):	8.50
Zig ZAG (10):	10.84
VORTEX (21):	1.1100
Stochastique (14,3,5):	83.08
TEMA (21):	10.14
Williams %R (14):	-6.21
Chande Momentum Oscillator (20):	1.88
Repulse (5,40,3):	13.7700
ROCnROLL:	1
TRIX (15,9):	0.7300
Courbe Coppock:	21.40

MA7:	9.66
MA20:	9.12
MA50:	8.09
MA100:	7.40
MAexp7:	9.93
MAexp20:	9.18
MAexp50:	8.39
MAexp100:	8.03
Price / MA7:	+17.60%
Price / MA20:	+24.56%
Price / MA50:	+40.42%
Price / MA100:	+53.51%
Price / MAexp7:	+14.40%
Price / MAexp20:	+23.75%
Price / MAexp50:	+35.40%
Price / MAexp100:	+41.47%

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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