NEO - NEO/USD - 1H - Technical analysis published on 03/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 12.47 USD
My targets
13.41 USD (+4.01%)
13.71 USD (+6.36%)
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 12.47 USD. The next resistance located at 13.41 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 13.71 USD. After this resistance, buyers could then target 14.50 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.
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
8.6
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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 12.89 USD. The price registered an increase of +3.29% on the session with the lowest point at 12.48 USD and the highest point at 13.09 USD. The deviation from the price is +3.29% for the low point and -1.53% for the high point.12.48
13.09
12.89
Here is a more detailed summary of the historical variations registered by NEO - NEO/USD:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this NEO - NEO/USD chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% 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 bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.28 | 11.66 | 12.47 | 12.89 | 12.94 | 13.71 | 14.50 |
| Change (%) | -12.49% | -9.54% | -3.26% | - | +0.39% | +6.36% | +12.49% |
| Change | -1.61 | -1.23 | -0.42 | - | +0.05 | +0.82 | +1.61 |
| Level | Minor | Intermediate | Major | - | 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 | 11.06 | 11.35 | 11.91 | 12.20 | 12.76 | 13.05 | 13.61 |
| Camarilla | 12.25 | 12.32 | 12.40 | 12.48 | 12.56 | 12.64 | 12.71 |
| Woodie | 11.21 | 11.42 | 12.06 | 12.27 | 12.91 | 13.12 | 13.76 |
| Fibonacci | 11.35 | 11.67 | 11.87 | 12.20 | 12.52 | 12.72 | 13.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.09 | 7.68 | 9.75 | 11.34 | 13.41 | 15.00 | 17.07 |
| Camarilla | 10.80 | 11.14 | 11.48 | 11.81 | 12.15 | 12.48 | 12.82 |
| Woodie | 6.32 | 7.80 | 9.98 | 11.46 | 13.64 | 15.12 | 17.30 |
| Fibonacci | 7.68 | 9.08 | 9.95 | 11.34 | 12.74 | 13.61 | 15.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.74 | 4.94 | 9.24 | 12.44 | 16.74 | 19.94 | 24.24 |
| Camarilla | 11.47 | 12.16 | 12.84 | 13.53 | 14.22 | 14.91 | 15.59 |
| Woodie | 2.28 | 5.22 | 9.78 | 12.72 | 17.28 | 20.22 | 24.78 |
| Fibonacci | 4.94 | 7.81 | 9.58 | 12.44 | 15.31 | 17.08 | 19.94 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 72.09 | |
| MACD (12,26,9): | 0.1800 | |
| Directional Movement: | 38.89 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 12.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.33 | |
| Elder Ray (13): | 0.46 | |
| Super Trend (3,10): | 12.56 | |
| Zig ZAG (10): | 13.03 | |
| VORTEX (21): | 1.3400 | |
| Stochastique (14,3,5): | 92.23 | |
| TEMA (21): | 12.77 | |
| Williams %R (14): | -10.64 | |
| Chande Momentum Oscillator (20): | 0.52 | |
| Repulse (5,40,3): | 3.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 5.52 |
| MA7: | 12.42 | |
| MA20: | 11.43 | |
| MA50: | 10.99 | |
| MA100: | 9.05 | |
| MAexp7: | 12.68 | |
| MAexp20: | 12.43 | |
| MAexp50: | 12.28 | |
| MAexp100: | 12.23 | |
| Price / MA7: | +3.78% | |
| Price / MA20: | +12.77% | |
| Price / MA50: | +17.29% | |
| Price / MA100: | +42.43% | |
| Price / MAexp7: | +1.66% | |
| Price / MAexp20: | +3.70% | |
| Price / MAexp50: | +4.97% | |
| Price / MAexp100: | +5.40% |
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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