NEAR - NEAR/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	NEARUSDT
ISIN:

NEAR - NEAR/USDT - Daily - Technical analysis published on 04/28/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 13.50 USDT

My targets

11.60 USDT (-5.54%)

10.36 USDT (-15.64%)

My analysis

NEAR - NEAR/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 13.50 USDT. The next support located at 11.60 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 10.36 USDT. Below this support, sellers could then target 8.46 USDT.

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

5.2

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 finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NEAR - NEAR/USDT rating 12.28 USDT. The price is lower by -4.58% since the last closing and was between 12.26 USDT and 13.14 USDT. This implies that the price is at +0.16% from its lowest and at -6.54% from its highest.

12.26

13.14

12.28

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:

The study of the highest / lowest by the Central Records scanner shows the following result:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this NEAR - NEAR/USDT chart shows a bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.46	10.36	11.60	12.28	13.50	15.71	17.42
Change (%)	-31.11%	-15.64%	-5.54%	-	+9.93%	+27.93%	+41.86%
Change	-3.82	-1.92	-0.68	-	+1.22	+3.43	+5.14
Level	Intermediate	Minor	Intermediate	-	Intermediate	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.64	12.04	12.46	12.86	13.28	13.68	14.10
Camarilla	12.65	12.72	12.80	12.87	12.95	13.02	13.10
Woodie	11.64	12.05	12.46	12.87	13.28	13.69	14.10
Fibonacci	12.04	12.36	12.55	12.86	13.18	13.37	13.68

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.97	12.84	14.07	15.94	17.17	19.04	20.27
Camarilla	14.46	14.74	15.03	15.31	15.59	15.88	16.16
Woodie	10.66	12.68	13.76	15.78	16.86	18.88	19.96
Fibonacci	12.84	14.02	14.75	15.94	17.12	17.85	19.04

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.43	7.56	10.43	12.56	15.43	17.56	20.43
Camarilla	11.94	12.39	12.85	13.31	13.77	14.23	14.69
Woodie	5.81	7.75	10.81	12.75	15.81	17.75	20.81
Fibonacci	7.56	9.47	10.65	12.56	14.47	15.65	17.56

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):	35.05
MACD (12,26,9):	-0.3500
Directional Movement:	-9.09
AROON (14):	-57.14
DEMA (21):	14.68
Parabolic SAR (0,02-0,02-0,2):	16.92
Elder Ray (13):	-1.81
Super Trend (3,10):	16.79
Zig ZAG (10):	12.38
VORTEX (21):	0.9200
Stochastique (14,3,5):	4.95
TEMA (21):	13.62
Williams %R (14):	-97.83
Chande Momentum Oscillator (20):	-3.55
Repulse (5,40,3):	-16.8700
ROCnROLL:	2
TRIX (15,9):	0.3000
Courbe Coppock:	29.62

MA7:	14.01
MA20:	15.54
MA50:	13.94
MA100:	12.48
MAexp7:	13.76
MAexp20:	14.79
MAexp50:	14.19
MAexp100:	13.20
Price / MA7:	-12.35%
Price / MA20:	-20.98%
Price / MA50:	-11.91%
Price / MA100:	-1.60%
Price / MAexp7:	-10.76%
Price / MAexp20:	-16.97%
Price / MAexp50:	-13.46%
Price / MAexp100:	-6.97%

Quotes : - Real time data - Cryptocompare

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

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