NEST PROTOCOL - NEST/USDT - 1H - Technical analysis published on 08/16/2021 (GMT)
- 247
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.020548 USDT
My targets
0.022940 USDT (+8.88%)
0.024270 USDT (+15.19%)
My analysis
The bullish trend is currently very strong on NEST PROTOCOL - NEST/USDT. As long as the price remains above the support at 0.020548 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.022940 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.024270 USDT as an objective. Crossing it would then enable buyers to target 0.035090 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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 mywong. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NEST PROTOCOL - NEST/USDT price is 0.021070 USDT. On the day, this instrument gained +4.51% and was traded between 0.019970 USDT and 0.021090 USDT over the period. The price is currently at +5.51% from its lowest and -0.09% from its highest.0.019970
0.021090
0.021070
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of NEST PROTOCOL - NEST/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish 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, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.018650 | 0.019668 | 0.020548 | 0.021070 | 0.021160 | 0.022940 | 0.024270 |
| Change (%) | -11.49% | -6.65% | -2.48% | - | +0.43% | +8.88% | +15.19% |
| Change | -0.002420 | -0.001402 | -0.000522 | - | +0.000090 | +0.001870 | +0.003200 |
| Level | Intermediate | Minor | 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 | 0.018463 | 0.019067 | 0.019613 | 0.020217 | 0.020763 | 0.021367 | 0.021913 |
| Camarilla | 0.019844 | 0.019949 | 0.020055 | 0.020160 | 0.020265 | 0.020371 | 0.020476 |
| Woodie | 0.018435 | 0.019053 | 0.019585 | 0.020203 | 0.020735 | 0.021353 | 0.021885 |
| Fibonacci | 0.019067 | 0.019506 | 0.019777 | 0.020217 | 0.020656 | 0.020927 | 0.021367 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.009053 | 0.012827 | 0.016723 | 0.020497 | 0.024393 | 0.028167 | 0.032063 |
| Camarilla | 0.018511 | 0.019214 | 0.019917 | 0.020620 | 0.021323 | 0.022026 | 0.022729 |
| Woodie | 0.009115 | 0.012858 | 0.016785 | 0.020528 | 0.024455 | 0.028198 | 0.032125 |
| Fibonacci | 0.012827 | 0.015757 | 0.017567 | 0.020497 | 0.023427 | 0.025237 | 0.028167 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003118 | 0.005995 | 0.008947 | 0.011824 | 0.014776 | 0.017653 | 0.020605 |
| Camarilla | 0.010297 | 0.010831 | 0.011366 | 0.011900 | 0.012434 | 0.012969 | 0.013503 |
| Woodie | 0.003157 | 0.006014 | 0.008986 | 0.011843 | 0.014815 | 0.017672 | 0.020644 |
| Fibonacci | 0.005995 | 0.008221 | 0.009597 | 0.011824 | 0.014050 | 0.015426 | 0.017653 |
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): | 67.30 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 23.067864 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 0.020547 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.020433 | |
| Elder Ray (13): | 0.000309 | |
| Super Trend (3,10): | 0.020060 | |
| Zig ZAG (10): | 0.020830 | |
| VORTEX (21): | 1.1719 | |
| Stochastique (14,3,5): | 87.29 | |
| TEMA (21): | 0.020649 | |
| Williams %R (14): | -2.60 | |
| Chande Momentum Oscillator (20): | 0.000450 | |
| Repulse (5,40,3): | 1.3814 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0683 | |
| Courbe Coppock: | 4.27 |
| MA7: | 0.020240 | |
| MA20: | 0.016624 | |
| MA50: | 0.013030 | |
| MA100: | 0.015302 | |
| MAexp7: | 0.020621 | |
| MAexp20: | 0.020362 | |
| MAexp50: | 0.020189 | |
| MAexp100: | 0.019992 | |
| Price / MA7: | +4.10% | |
| Price / MA20: | +26.74% | |
| Price / MA50: | +61.70% | |
| Price / MA100: | +37.69% | |
| Price / MAexp7: | +2.18% | |
| Price / MAexp20: | +3.48% | |
| Price / MAexp50: | +4.36% | |
| Price / MAexp100: | +5.39% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis NEST PROTOCOL - NEST/USDT - 1H