NEM - XEM/USD - Daily - Technical analysis published on 09/11/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 0.025818 USD
My targets
0.019037 USD (-21.54%)
0.013952 USD (-42.50%)
My analysis
NEM - XEM/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.025818 USD. The next support located at 0.019037 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.013952 USD. Below this support, sellers could then target 0.007171 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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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 NEM - XEM/USD price is 0.024263 USD. On the day, this instrument lost -0.08% with the lowest point at 0.024120 USD and the highest point at 0.024578 USD. The deviation from the price is +0.59% for the low point and -1.28% for the high point.0.024120
0.024578
0.024263
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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:
Technical
Technical analysis of NEM - XEM/USD in Daily 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.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.024202 | 0.024263 | 0.030844 | 0.036929 | 0.042703 |
| Change (%) | -0.25% | - | +27.12% | +52.20% | +76.00% |
| Change | -0.000061 | - | +0.006581 | +0.012666 | +0.018440 |
| Level | Major | - | Major | Minor | 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 | 0.023074 | 0.023480 | 0.023881 | 0.024287 | 0.024688 | 0.025094 | 0.025495 |
| Camarilla | 0.024060 | 0.024134 | 0.024208 | 0.024282 | 0.024356 | 0.024430 | 0.024504 |
| Woodie | 0.023072 | 0.023479 | 0.023879 | 0.024286 | 0.024686 | 0.025093 | 0.025493 |
| Fibonacci | 0.023480 | 0.023788 | 0.023979 | 0.024287 | 0.024595 | 0.024786 | 0.025094 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.022583 | 0.023233 | 0.024045 | 0.024695 | 0.025507 | 0.026157 | 0.026969 |
| Camarilla | 0.024454 | 0.024588 | 0.024722 | 0.024856 | 0.024990 | 0.025124 | 0.025258 |
| Woodie | 0.022663 | 0.023274 | 0.024125 | 0.024736 | 0.025587 | 0.026198 | 0.027049 |
| Fibonacci | 0.023233 | 0.023792 | 0.024137 | 0.024695 | 0.025254 | 0.025599 | 0.026157 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007171 | 0.013952 | 0.019037 | 0.025818 | 0.030903 | 0.037684 | 0.042769 |
| Camarilla | 0.020858 | 0.021946 | 0.023033 | 0.024121 | 0.025209 | 0.026296 | 0.027384 |
| Woodie | 0.006322 | 0.013528 | 0.018188 | 0.025394 | 0.030054 | 0.037260 | 0.041920 |
| Fibonacci | 0.013952 | 0.018485 | 0.021286 | 0.025818 | 0.030351 | 0.033152 | 0.037684 |
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): | 37.58 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -9.423354 | |
| AROON (14): | -21.428572 | |
| DEMA (21): | 0.024026 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.021951 | |
| Elder Ray (13): | -0.000338 | |
| Super Trend (3,10): | 0.027110 | |
| Zig ZAG (10): | 0.024254 | |
| VORTEX (21): | 0.9771 | |
| Stochastique (14,3,5): | 36.32 | |
| TEMA (21): | 0.024181 | |
| Williams %R (14): | -72.19 | |
| Chande Momentum Oscillator (20): | -0.000873 | |
| Repulse (5,40,3): | -0.1092 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4593 | |
| Courbe Coppock: | 3.47 |
| MA7: | 0.024702 | |
| MA20: | 0.024760 | |
| MA50: | 0.027056 | |
| MA100: | 0.027776 | |
| MAexp7: | 0.024612 | |
| MAexp20: | 0.024989 | |
| MAexp50: | 0.026406 | |
| MAexp100: | 0.028225 | |
| Price / MA7: | -1.78% | |
| Price / MA20: | -2.01% | |
| Price / MA50: | -10.32% | |
| Price / MA100: | -12.65% | |
| Price / MAexp7: | -1.42% | |
| Price / MAexp20: | -2.91% | |
| Price / MAexp50: | -8.12% | |
| Price / MAexp100: | -14.04% |
Quotes :
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Real time data
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