NXT - NXT/USDT - Daily - Technical analysis published on 12/06/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 0.011678 USDT
My targets
0.009016 USDT (-11.69%)
0.006972 USDT (-31.71%)
My analysis
The bearish trend is currently very strong for NXT - NXT/USDT. As long as the price remains below the resistance at 0.011678 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.009016 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.006972 USDT as an objective. Crossing it would then enable sellers to target 0.004310 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
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 Vincent Launay.
Additional analysis
Quotes
NXT - NXT/USDT rating 0.010210 USDT. On the day, this instrument gained +0.10% and was between 0.010070 USDT and 0.010350 USDT. This implies that the price is at +1.39% from its lowest and at -1.35% from its highest.0.010070
0.010350
0.010210
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of NXT - NXT/USDT indicates that the overall trend is strongly bearish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
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
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.010210 | 0.010240 | 0.013379 | 0.024447 |
| Change (%) | - | +0.29% | +31.04% | +139.44% |
| Change | - | +0.000030 | +0.003169 | +0.014237 |
| Level | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.009570 | 0.009820 | 0.010010 | 0.010260 | 0.010450 | 0.010700 | 0.010890 |
| Camarilla | 0.010079 | 0.010119 | 0.010160 | 0.010200 | 0.010240 | 0.010281 | 0.010321 |
| Woodie | 0.009540 | 0.009805 | 0.009980 | 0.010245 | 0.010420 | 0.010685 | 0.010860 |
| Fibonacci | 0.009820 | 0.009988 | 0.010092 | 0.010260 | 0.010428 | 0.010532 | 0.010700 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007843 | 0.008739 | 0.009899 | 0.010795 | 0.011955 | 0.012851 | 0.014011 |
| Camarilla | 0.010495 | 0.010683 | 0.010872 | 0.011060 | 0.011249 | 0.011437 | 0.011625 |
| Woodie | 0.007976 | 0.008805 | 0.010032 | 0.010861 | 0.012088 | 0.012917 | 0.014144 |
| Fibonacci | 0.008739 | 0.009524 | 0.010009 | 0.010795 | 0.011580 | 0.012065 | 0.012851 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004310 | 0.006972 | 0.009016 | 0.011678 | 0.013722 | 0.016384 | 0.018428 |
| Camarilla | 0.009766 | 0.010197 | 0.010629 | 0.011060 | 0.011491 | 0.011923 | 0.012354 |
| Woodie | 0.004001 | 0.006818 | 0.008707 | 0.011524 | 0.013413 | 0.016230 | 0.018119 |
| Fibonacci | 0.006972 | 0.008770 | 0.009880 | 0.011678 | 0.013476 | 0.014586 | 0.016384 |
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): | 33.51 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -14.965404 | |
| AROON (14): | -21.428572 | |
| DEMA (21): | 0.010324 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.011597 | |
| Elder Ray (13): | -0.000564 | |
| Super Trend (3,10): | 0.012059 | |
| Zig ZAG (10): | 0.010180 | |
| VORTEX (21): | 0.8471 | |
| Stochastique (14,3,5): | 27.16 | |
| TEMA (21): | 0.010149 | |
| Williams %R (14): | -71.50 | |
| Chande Momentum Oscillator (20): | -0.000020 | |
| Repulse (5,40,3): | -4.7732 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6685 | |
| Courbe Coppock: | 16.30 |
| MA7: | 0.010567 | |
| MA20: | 0.011060 | |
| MA50: | 0.012174 | |
| MA100: | 0.013010 | |
| MAexp7: | 0.010506 | |
| MAexp20: | 0.011085 | |
| MAexp50: | 0.012086 | |
| MAexp100: | 0.014167 | |
| Price / MA7: | -3.38% | |
| Price / MA20: | -7.69% | |
| Price / MA50: | -16.13% | |
| Price / MA100: | -21.52% | |
| Price / MAexp7: | -2.82% | |
| Price / MAexp20: | -7.89% | |
| Price / MAexp50: | -15.52% | |
| Price / MAexp100: | -27.93% |
This member declared not having a position on this financial instrument or a related financial instrument.
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