NEM - XEM/USDT - 1H - Technical analysis published on 02/16/2021 (GMT)
- 217
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Neutral
Technical indicators
39%
22%
39%
My opinion
Neutral between 0.359750 USDT and 0.380350 USDT
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bearish. With such a pattern, it is difficult to favour buying or selling. The first support is located at 0.359750 USDT. The first resistance is located at 0.380350 USDT. However, the probabilities of moving towards the first support before the first resistance are slightly higher. Without a basic trend, it is important to monitor the price response at these levels. A bearish break in the support or a bullish break in the resistance could provide a signal that would set the new direction of the basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement recorded by NEM - XEM/USDT.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NEM - XEM/USDT rating is 0.375600 USDT. The price is lower by -1.65% since the last closing and was traded between 0.368000 USDT and 0.397400 USDT over the period. The price is currently at +2.07% from its lowest and -5.49% from its highest.0.368000
0.397400
0.375600
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NEM - XEM/USDT in 1H shows a neutral overall trend. The slightly bearish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bearish trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Dark cloud cover
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.304300 | 0.329733 | 0.359750 | 0.375600 | 0.380350 | 0.389133 | 0.405390 |
| Change (%) | -18.98% | -12.21% | -4.22% | - | +1.26% | +3.60% | +7.93% |
| Change | -0.071300 | -0.045867 | -0.015850 | - | +0.004750 | +0.013533 | +0.029790 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.264167 | 0.297033 | 0.339467 | 0.372333 | 0.414767 | 0.447633 | 0.490067 |
| Camarilla | 0.361193 | 0.368095 | 0.374998 | 0.381900 | 0.388803 | 0.395705 | 0.402608 |
| Woodie | 0.268950 | 0.299425 | 0.344250 | 0.374725 | 0.419550 | 0.450025 | 0.494850 |
| Fibonacci | 0.297033 | 0.325798 | 0.343569 | 0.372333 | 0.401098 | 0.418869 | 0.447633 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.163033 | 0.216967 | 0.309133 | 0.363067 | 0.455233 | 0.509167 | 0.601333 |
| Camarilla | 0.361123 | 0.374515 | 0.387908 | 0.401300 | 0.414693 | 0.428085 | 0.441478 |
| Woodie | 0.182150 | 0.226525 | 0.328250 | 0.372625 | 0.474350 | 0.518725 | 0.620450 |
| Fibonacci | 0.216967 | 0.272777 | 0.307257 | 0.363067 | 0.418877 | 0.453357 | 0.509167 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.069167 | 0.125433 | 0.180467 | 0.236733 | 0.291767 | 0.348033 | 0.403067 |
| Camarilla | 0.204893 | 0.215095 | 0.225298 | 0.235500 | 0.245703 | 0.255905 | 0.266108 |
| Woodie | 0.068550 | 0.125125 | 0.179850 | 0.236425 | 0.291150 | 0.347725 | 0.402450 |
| Fibonacci | 0.125433 | 0.167950 | 0.194217 | 0.236733 | 0.279250 | 0.305517 | 0.348033 |
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): | 51.84 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | -7.476692 | |
| AROON (14): | -64.285712 | |
| DEMA (21): | 0.385936 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.374329 | |
| Elder Ray (13): | -0.000366 | |
| Super Trend (3,10): | 0.366482 | |
| Zig ZAG (10): | 0.387100 | |
| VORTEX (21): | 0.9551 | |
| Stochastique (14,3,5): | 38.11 | |
| TEMA (21): | 0.384605 | |
| Williams %R (14): | -47.11 | |
| Chande Momentum Oscillator (20): | -0.006400 | |
| Repulse (5,40,3): | 1.5582 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0868 | |
| Courbe Coppock: | 3.04 |
| MA7: | 0.387971 | |
| MA20: | 0.314360 | |
| MA50: | 0.259434 | |
| MA100: | 0.230576 | |
| MAexp7: | 0.383550 | |
| MAexp20: | 0.384412 | |
| MAexp50: | 0.382757 | |
| MAexp100: | 0.380424 | |
| Price / MA7: | -3.19% | |
| Price / MA20: | +19.48% | |
| Price / MA50: | +44.78% | |
| Price / MA100: | +62.90% | |
| Price / MAexp7: | -2.07% | |
| Price / MAexp20: | -2.29% | |
| Price / MAexp50: | -1.87% | |
| Price / MAexp100: | -1.27% |
Quotes :
2021-02-16 17:22:13
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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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