NEM - XEM/USD
NEM - XEM/USD
0.115950 USD (+5.87%)
Real time data - Cryptocompare
Open: 0.109532
Change: +0.006433
Volume: 54,907
Low: 0.109516
High: 0.120864
High / Low range: 0.011348
Type: Cryptocurrencies
Ticker: XEMUSD
ISIN:

NEM - XEM/USD - 1H - Technical analysis published on 09/16/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-09-16 15:45:51
  • Status : INVALID

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 0.113468 USD
My targets
0.107494 USD (-3.75%)
0.103623 USD (-7.22%)
My analysis
The bearish trend is currently very strong for NEM - XEM/USD. As long as the price remains below the resistance at 0.113468 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.107494 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.103623 USD as an objective. Crossing it would then enable sellers to target 0.047497 USD. 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
7.9

Complete this analysis for another time unit:
15 min. Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

Additional analysis

Quotes

NEM - XEM/USD rating 0.111683 USD. On the day, this instrument lost -7.12% and was traded between 0.110274 USD and 0.120469 USD over the period. The price is currently at +1.28% from its lowest and -7.29% from its highest.

0.110274
0.120469
0.111683

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NEM - XEM/USD:

Technical


A technical analysis in 1H of this NEM - XEM/USD chart shows a sharp bearish trend. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 0.047497 0.103623 0.111683 0.113468 0.116771 0.120068
Change (%) -57.47% -7.22% - +1.60% +4.56% +7.51%
Change -0.064186 -0.008060 - +0.001785 +0.005088 +0.008385
Level Intermediate Major - Minor Intermediate Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1089880.1128790.1165650.1204560.1241420.1280330.131719
Camarilla0.1181660.1188610.1195550.1202500.1209450.1216390.122334
Woodie0.1088850.1128280.1164620.1204050.1240390.1279820.131616
Fibonacci0.1128790.1157740.1175620.1204560.1233510.1251390.128033


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0717530.0874520.1074940.1231930.1432350.1589340.178976
Camarilla0.1177060.1209830.1242590.1275350.1308110.1340880.137364
Woodie0.0739240.0885380.1096650.1242790.1454060.1600200.181147
Fibonacci0.0874520.1011050.1095400.1231930.1368460.1452810.158934


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0328850.0085020.0750110.1163980.1829070.2242940.290803
Camarilla0.1118500.1217400.1316310.1415210.1514120.1613020.171192
Woodie-0.0203230.0147830.0875730.1226790.1954690.2305750.303365
Fibonacci0.0085020.0497180.0751810.1163980.1576140.1830770.224294

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): 36.01
MACD (12,26,9): -0.0018
Directional Movement: -22.192622
AROON (14): -49.999997
DEMA (21): 0.113378
Parabolic SAR (0,02-0,02-0,2): 0.119114
Elder Ray (13): -0.003633
Super Trend (3,10): 0.117997
Zig ZAG (10): 0.111338
VORTEX (21): 0.8688
Stochastique (14,3,5): 16.35
TEMA (21): 0.112602
Williams %R (14): -80.33
Chande Momentum Oscillator (20): -0.000947
Repulse (5,40,3): -2.1459
ROCnROLL: 2
TRIX (15,9): -0.1724
Courbe Coppock: 5.39
MA7: 0.123283
MA20: 0.130651
MA50: 0.093266
MA100: 0.069404
MAexp7: 0.113500
MAexp20: 0.115598
MAexp50: 0.117952
MAexp100: 0.120112
Price / MA7: -9.41%
Price / MA20: -14.52%
Price / MA50: +19.75%
Price / MA100: +60.92%
Price / MAexp7: -1.60%
Price / MAexp20: -3.39%
Price / MAexp50: -5.31%
Price / MAexp100: -7.02%

Quotes : 2020-09-16 15:45:28 - Real time data - Cryptocompare

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

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