NEWTON - NEW/USDT - Daily - Technical analysis published on 12/04/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 0.002423 USDT
My targets
0.001966 USDT (-12.31%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NEWTON - NEW/USDT as long as the price remains well below 0.002423 USDT. The sellers” bearish objective is set at 0.001966 USDT. A bearish break of this support would revive the bearish momentum. 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
0
10
7.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NEWTON - NEW/USDT price is 0.002242 USDT. The price registered a decrease of -3.82% on the session and was traded between 0.002037 USDT and 0.002331 USDT over the period. The price is currently at +10.06% from its lowest and -3.82% from its highest.0.002037
0.002331
0.002242
Here is a more detailed summary of the historical variations registered by NEWTON - NEW/USDT:
Technical
Technical analysis of NEWTON - NEW/USDT in Daily shows a overall strongly bearish trend. 89.29% 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.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
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 | 0.001966 | 0.002242 | 0.002423 | 0.002690 | 0.003431 |
| Change (%) | -12.31% | - | +8.07% | +19.98% | +53.03% |
| Change | -0.000276 | - | +0.000181 | +0.000448 | +0.001189 |
| Level | Intermediate | - | Intermediate | 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 | 0.002106 | 0.002204 | 0.002267 | 0.002365 | 0.002428 | 0.002526 | 0.002589 |
| Camarilla | 0.002287 | 0.002302 | 0.002316 | 0.002331 | 0.002346 | 0.002361 | 0.002375 |
| Woodie | 0.002090 | 0.002195 | 0.002251 | 0.002356 | 0.002412 | 0.002517 | 0.002573 |
| Fibonacci | 0.002204 | 0.002265 | 0.002303 | 0.002365 | 0.002426 | 0.002464 | 0.002526 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001545 | 0.001877 | 0.002201 | 0.002533 | 0.002857 | 0.003189 | 0.003513 |
| Camarilla | 0.002346 | 0.002406 | 0.002466 | 0.002526 | 0.002586 | 0.002646 | 0.002706 |
| Woodie | 0.001542 | 0.001875 | 0.002198 | 0.002531 | 0.002854 | 0.003187 | 0.003510 |
| Fibonacci | 0.001877 | 0.002127 | 0.002282 | 0.002533 | 0.002783 | 0.002938 | 0.003189 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000231 | 0.001219 | 0.001873 | 0.002861 | 0.003515 | 0.004503 | 0.005157 |
| Camarilla | 0.002075 | 0.002225 | 0.002376 | 0.002526 | 0.002677 | 0.002827 | 0.002978 |
| Woodie | 0.000063 | 0.001136 | 0.001705 | 0.002778 | 0.003347 | 0.004420 | 0.004989 |
| Fibonacci | 0.001219 | 0.001847 | 0.002234 | 0.002861 | 0.003489 | 0.003876 | 0.004503 |
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): | 21.61 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -30.228503 | |
| AROON (14): | -100.000000 | |
| DEMA (21): | 0.002400 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.002598 | |
| Elder Ray (13): | -0.000421 | |
| Super Trend (3,10): | 0.002801 | |
| Zig ZAG (10): | 0.002262 | |
| VORTEX (21): | 0.6520 | |
| Stochastique (14,3,5): | 14.08 | |
| TEMA (21): | 0.002216 | |
| Williams %R (14): | -83.93 | |
| Chande Momentum Oscillator (20): | -0.000605 | |
| Repulse (5,40,3): | -3.2233 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.1560 | |
| Courbe Coppock: | 56.08 |
| MA7: | 0.002454 | |
| MA20: | 0.002875 | |
| MA50: | 0.003319 | |
| MA100: | 0.003234 | |
| MAexp7: | 0.002442 | |
| MAexp20: | 0.002771 | |
| MAexp50: | 0.003086 | |
| MAexp100: | 0.003152 | |
| Price / MA7: | -8.64% | |
| Price / MA20: | -22.02% | |
| Price / MA50: | -32.45% | |
| Price / MA100: | -30.67% | |
| Price / MAexp7: | -8.19% | |
| Price / MAexp20: | -19.09% | |
| Price / MAexp50: | -27.35% | |
| Price / MAexp100: | -28.87% |
This member declared not having a position on this financial instrument or a related financial instrument.
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