NEO - NEO/USD - 1H - Technical analysis published on 01/01/2025 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 13.82 USD
My targets
13.43 USD (-0.67%)
12.53 USD (-7.32%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NEO - NEO/USD as long as the price remains well below 13.82 USD. The sellers' bearish objective is set at 13.43 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 12.53 USD. In case of crossing, the next objective would be the support located at 11.25 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.9
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 13.52 USD. The price is lower by -0.07% since the last closing and was between 13.47 USD and 13.71 USD. This implies that the price is at +0.37% from its lowest and at -1.39% from its highest.13.47
13.71
13.52
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NEO - NEO/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.06 | 11.25 | 13.43 | 13.52 | 13.82 | 14.15 | 14.75 |
| Change (%) | -32.99% | -16.79% | -0.67% | - | +2.22% | +4.66% | +9.10% |
| Change | -4.46 | -2.27 | -0.09 | - | +0.30 | +0.63 | +1.23 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 12.54 | 12.98 | 13.26 | 13.70 | 13.98 | 14.42 | 14.70 |
| Camarilla | 13.33 | 13.40 | 13.46 | 13.53 | 13.60 | 13.66 | 13.73 |
| Woodie | 12.45 | 12.94 | 13.17 | 13.66 | 13.89 | 14.38 | 14.61 |
| Fibonacci | 12.98 | 13.26 | 13.43 | 13.70 | 13.98 | 14.15 | 14.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.49 | 12.53 | 13.64 | 14.68 | 15.79 | 16.83 | 17.94 |
| Camarilla | 14.16 | 14.36 | 14.55 | 14.75 | 14.95 | 15.14 | 15.34 |
| Woodie | 11.53 | 12.55 | 13.68 | 14.70 | 15.83 | 16.85 | 17.98 |
| Fibonacci | 12.53 | 13.35 | 13.86 | 14.68 | 15.50 | 16.01 | 16.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -4.36 | 4.12 | 8.82 | 17.30 | 22.00 | 30.48 | 35.18 |
| Camarilla | 9.91 | 11.11 | 12.32 | 13.53 | 14.74 | 15.95 | 17.16 |
| Woodie | -6.24 | 3.18 | 6.94 | 16.36 | 20.12 | 29.54 | 33.30 |
| Fibonacci | 4.12 | 9.15 | 12.26 | 17.30 | 22.33 | 25.44 | 30.48 |
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): | 42.04 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -4.41 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 13.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.92 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 13.82 | |
| Zig ZAG (10): | 13.53 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 9.51 | |
| TEMA (21): | 13.52 | |
| Williams %R (14): | -91.49 | |
| Chande Momentum Oscillator (20): | -0.18 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 4.58 |
| MA7: | 13.92 | |
| MA20: | 15.23 | |
| MA50: | 15.73 | |
| MA100: | 12.99 | |
| MAexp7: | 13.55 | |
| MAexp20: | 13.64 | |
| MAexp50: | 13.78 | |
| MAexp100: | 13.94 | |
| Price / MA7: | -2.87% | |
| Price / MA20: | -11.23% | |
| Price / MA50: | -14.05% | |
| Price / MA100: | +4.08% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.88% | |
| Price / MAexp50: | -1.89% | |
| Price / MAexp100: | -3.01% |
Quotes :
-
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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