NEM - XEM/USD - 1H - Technical analysis published on 11/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 0.034671 USD
My targets
0.037816 USD (+4.40%)
0.038068 USD (+5.10%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.034671 USD remains possible. It is advisable to trade NEM - XEM/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.034671 USD. The next bullish objective for buyers is set at 0.037816 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.038068 USD. If there is any crossing, the next objective would be the resistance located at 0.039537 USD. PS: if there is a bearish break in the support located at 0.034671 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NEM - XEM/USD rating 0.036222 USD. The price registered a decrease of -0.44% on the session and was between 0.035623 USD and 0.037166 USD. This implies that the price is at +1.68% from its lowest and at -2.54% from its highest.0.035623
0.037166
0.036222
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NEM - XEM/USD:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NEM - XEM/USD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.030844 | 0.033573 | 0.036031 | 0.036222 | 0.038068 | 0.039537 | 0.044491 |
| Change (%) | -14.85% | -7.31% | -0.53% | - | +5.10% | +9.15% | +22.83% |
| Change | -0.005378 | -0.002649 | -0.000191 | - | +0.001846 | +0.003315 | +0.008269 |
| Level | Major | Major | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.032552 | 0.033440 | 0.034910 | 0.035798 | 0.037268 | 0.038156 | 0.039626 |
| Camarilla | 0.035733 | 0.035949 | 0.036165 | 0.036381 | 0.036597 | 0.036813 | 0.037030 |
| Woodie | 0.032844 | 0.033586 | 0.035202 | 0.035944 | 0.037560 | 0.038302 | 0.039918 |
| Fibonacci | 0.033440 | 0.034340 | 0.034897 | 0.035798 | 0.036698 | 0.037255 | 0.038156 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.018838 | 0.025513 | 0.031141 | 0.037816 | 0.043444 | 0.050119 | 0.055747 |
| Camarilla | 0.033386 | 0.034514 | 0.035641 | 0.036769 | 0.037897 | 0.039025 | 0.040152 |
| Woodie | 0.018315 | 0.025251 | 0.030618 | 0.037554 | 0.042921 | 0.049857 | 0.055224 |
| Fibonacci | 0.025513 | 0.030213 | 0.033116 | 0.037816 | 0.042516 | 0.045419 | 0.050119 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.018497 | 0.021285 | 0.026584 | 0.029372 | 0.034671 | 0.037459 | 0.042758 |
| Camarilla | 0.029659 | 0.030400 | 0.031142 | 0.031883 | 0.032624 | 0.033366 | 0.034107 |
| Woodie | 0.019753 | 0.021913 | 0.027840 | 0.030000 | 0.035927 | 0.038087 | 0.044014 |
| Fibonacci | 0.021285 | 0.024374 | 0.026283 | 0.029372 | 0.032461 | 0.034370 | 0.037459 |
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): | 49.35 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -0.326124 | |
| AROON (14): | -78.571429 | |
| DEMA (21): | 0.036487 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.035648 | |
| Elder Ray (13): | 0.000057 | |
| Super Trend (3,10): | 0.037936 | |
| Zig ZAG (10): | 0.036283 | |
| VORTEX (21): | 1.0087 | |
| Stochastique (14,3,5): | 51.54 | |
| TEMA (21): | 0.036395 | |
| Williams %R (14): | -55.55 | |
| Chande Momentum Oscillator (20): | -0.000538 | |
| Repulse (5,40,3): | -0.6494 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0682 | |
| Courbe Coppock: | 2.50 |
| MA7: | 0.036401 | |
| MA20: | 0.033971 | |
| MA50: | 0.029404 | |
| MA100: | 0.027526 | |
| MAexp7: | 0.036331 | |
| MAexp20: | 0.036350 | |
| MAexp50: | 0.036165 | |
| MAexp100: | 0.036100 | |
| Price / MA7: | -0.49% | |
| Price / MA20: | +6.63% | |
| Price / MA50: | +23.19% | |
| Price / MA100: | +31.59% | |
| Price / MAexp7: | -0.30% | |
| Price / MAexp20: | -0.35% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.34% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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