NEAR - NEAR/USDT - 1H - Technical analysis published on 04/10/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 16.48 USDT
My targets
15.54 USDT (-4.59%)
15.38 USDT (-5.59%)
My analysis
The bearish trend is currently very strong for NEAR - NEAR/USDT. As long as the price remains below the resistance at 16.48 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 15.54 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 15.38 USDT as an objective. Crossing it would then enable sellers to target 13.49 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.3
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Additional analysis
Quotes
The NEAR - NEAR/USDT rating is 16.29 USDT. The price registered a decrease of -6.97% on the session with the lowest point at 16.14 USDT and the highest point at 17.66 USDT. The deviation from the price is +0.93% for the low point and -7.76% for the high point.16.14
17.66
16.29
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NEAR - NEAR/USDT chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.57 | 13.49 | 15.38 | 16.29 | 16.48 | 17.98 | 19.46 |
| Change (%) | -22.84% | -17.19% | -5.59% | - | +1.17% | +10.37% | +19.46% |
| Change | -3.72 | -2.80 | -0.91 | - | +0.19 | +1.69 | +3.17 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | 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 | 14.36 | 15.26 | 16.38 | 17.28 | 18.40 | 19.30 | 20.42 |
| Camarilla | 16.96 | 17.14 | 17.33 | 17.51 | 17.70 | 17.88 | 18.07 |
| Woodie | 14.48 | 15.32 | 16.50 | 17.34 | 18.52 | 19.36 | 20.54 |
| Fibonacci | 15.26 | 16.03 | 16.51 | 17.28 | 18.05 | 18.53 | 19.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.70 | 12.14 | 14.83 | 17.27 | 19.96 | 22.40 | 25.09 |
| Camarilla | 16.10 | 16.57 | 17.04 | 17.51 | 17.98 | 18.45 | 18.92 |
| Woodie | 9.82 | 12.20 | 14.95 | 17.33 | 20.08 | 22.46 | 25.21 |
| Fibonacci | 12.14 | 14.10 | 15.31 | 17.27 | 19.23 | 20.44 | 22.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.88 | 7.12 | 10.21 | 12.45 | 15.54 | 17.78 | 20.87 |
| Camarilla | 11.84 | 12.33 | 12.82 | 13.31 | 13.80 | 14.29 | 14.78 |
| Woodie | 5.32 | 7.33 | 10.65 | 12.66 | 15.98 | 17.99 | 21.31 |
| Fibonacci | 7.12 | 9.15 | 10.41 | 12.45 | 14.48 | 15.74 | 17.78 |
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): | 40.16 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | -9.35 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 16.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.17 | |
| Elder Ray (13): | -0.25 | |
| Super Trend (3,10): | 16.26 | |
| Zig ZAG (10): | 16.32 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 15.13 | |
| TEMA (21): | 16.41 | |
| Williams %R (14): | -82.31 | |
| Chande Momentum Oscillator (20): | -0.51 | |
| Repulse (5,40,3): | -0.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 6.89 |
| MA7: | 16.77 | |
| MA20: | 14.62 | |
| MA50: | 11.92 | |
| MA100: | 12.73 | |
| MAexp7: | 16.46 | |
| MAexp20: | 16.66 | |
| MAexp50: | 16.85 | |
| MAexp100: | 16.76 | |
| Price / MA7: | -2.86% | |
| Price / MA20: | +11.42% | |
| Price / MA50: | +36.66% | |
| Price / MA100: | +27.97% | |
| Price / MAexp7: | -1.03% | |
| Price / MAexp20: | -2.22% | |
| Price / MAexp50: | -3.32% | |
| Price / MAexp100: | -2.80% |
Quotes :
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Real time data
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Cryptocompare
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