NEO - NEO/USD

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Type:	Cryptocurrencies
Ticker:	NEOUSD
ISIN:

NEO - NEO/USD - Daily - Technical analysis published on 12/26/2022 (GMT)

Londinia

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Timeframe : Daily
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NEO - NEO/USD Chart

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 7.20 USD

My targets

5.60 USD (-10.69%)

4.50 USD (-28.23%)

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 7.20 USD. The sellers' bearish objective is set at 5.60 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.50 USD. In case of crossing, the next objective would be the support located at 2.90 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.7

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.

Additional analysis

Quotes

The NEO - NEO/USD rating is 6.27 USD. The price is lower by -1.72% since the last closing and was traded between 6.21 USD and 6.41 USD over the period. The price is currently at +0.97% from its lowest and -2.18% from its highest.

6.21

6.41

6.27

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in Daily of this NEO - NEO/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently positioned bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	6.20	6.27	7.45	8.76	9.90
Change (%)	-1.12%	-	+18.82%	+39.71%	+57.89%
Change	-0.07	-	+1.18	+2.49	+3.63
Level	Intermediate	-	Minor	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.98	6.10	6.18	6.30	6.38	6.50	6.58
Camarilla	6.22	6.23	6.25	6.27	6.29	6.31	6.33
Woodie	5.97	6.09	6.17	6.29	6.37	6.49	6.57
Fibonacci	6.10	6.17	6.22	6.30	6.37	6.42	6.50

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.40	5.76	6.07	6.43	6.74	7.10	7.41
Camarilla	6.20	6.26	6.32	6.38	6.44	6.50	6.56
Woodie	5.38	5.75	6.05	6.42	6.72	7.09	7.39
Fibonacci	5.76	6.02	6.17	6.43	6.69	6.84	7.10

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.90	4.50	5.60	7.20	8.30	9.90	11.00
Camarilla	5.96	6.21	6.45	6.70	6.95	7.20	7.44
Woodie	2.65	4.38	5.35	7.08	8.05	9.78	10.75
Fibonacci	4.50	5.53	6.17	7.20	8.23	8.87	9.90

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):	35.74
MACD (12,26,9):	-0.2000
Directional Movement:	-19.47
AROON (14):	-50.00
DEMA (21):	6.46
Parabolic SAR (0,02-0,02-0,2):	7.02
Elder Ray (13):	-0.27
Super Trend (3,10):	7.17
Zig ZAG (10):	6.27
VORTEX (21):	0.8300
Stochastique (14,3,5):	17.40
TEMA (21):	6.39
Williams %R (14):	-88.97
Chande Momentum Oscillator (20):	-1.18
Repulse (5,40,3):	-3.8800
ROCnROLL:	2
TRIX (15,9):	-0.2400
Courbe Coppock:	20.91

MA7:	6.38
MA20:	6.84
MA50:	6.91
MA100:	7.66
MAexp7:	6.45
MAexp20:	6.69
MAexp50:	7.05
MAexp100:	7.74
Price / MA7:	-1.72%
Price / MA20:	-8.33%
Price / MA50:	-9.26%
Price / MA100:	-18.15%
Price / MAexp7:	-2.95%
Price / MAexp20:	-6.43%
Price / MAexp50:	-11.21%
Price / MAexp100:	-19.12%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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