TETHER - USDT/USD - 1H - Technical analysis published on 11/30/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
0%
67%
My opinion
Bullish above 0.998800 USD
My targets
0.999907 USD (+0.03%)
1.002000 USD (+0.24%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TETHER - USDT/USD as long as the price remains well above 0.998800 USD. The buyers' bullish objective is set at 0.999907 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.002000 USD. If there is any crossing, the next objective would be the resistance located at 1.010000 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TETHER - USDT/USD rating 0.999600 USD. On the day, this instrument lost -0.01% with the lowest point at 0.999600 USD and the highest point at 0.999700 USD. The deviation from the price is 0% for the low point and -0.01% for the high point.0.999600
0.999700
0.999600
Here is a more detailed summary of the historical variations registered by TETHER - USDT/USD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this TETHER - USDT/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.998430 | 0.998800 | 0.999200 | 0.999600 | 0.999700 | 0.999907 | 1.001000 |
| Change (%) | -0.12% | -0.08% | -0.04% | - | +0.01% | +0.03% | +0.14% |
| Change | -0.001170 | -0.000800 | -0.000400 | - | +0.000100 | +0.000307 | +0.001400 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.998900 | 0.999100 | 0.999400 | 0.999600 | 0.999900 | 1.000100 | 1.000400 |
| Camarilla | 0.999563 | 0.999608 | 0.999654 | 0.999700 | 0.999746 | 0.999792 | 0.999838 |
| Woodie | 0.998950 | 0.999125 | 0.999450 | 0.999625 | 0.999950 | 1.000125 | 1.000450 |
| Fibonacci | 0.999100 | 0.999291 | 0.999409 | 0.999600 | 0.999791 | 0.999909 | 1.000100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.997200 | 0.997700 | 0.998500 | 0.999000 | 0.999800 | 1.000300 | 1.001100 |
| Camarilla | 0.998943 | 0.999062 | 0.999181 | 0.999300 | 0.999419 | 0.999538 | 0.999658 |
| Woodie | 0.997350 | 0.997775 | 0.998650 | 0.999075 | 0.999950 | 1.000375 | 1.001250 |
| Fibonacci | 0.997700 | 0.998197 | 0.998503 | 0.999000 | 0.999497 | 0.999803 | 1.000300 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.996500 | 0.997600 | 0.998800 | 0.999900 | 1.001100 | 1.002200 | 1.003400 |
| Camarilla | 0.999368 | 0.999578 | 0.999789 | 1.000000 | 1.000211 | 1.000422 | 1.000633 |
| Woodie | 0.996550 | 0.997625 | 0.998850 | 0.999925 | 1.001150 | 1.002225 | 1.003450 |
| Fibonacci | 0.997600 | 0.998479 | 0.999021 | 0.999900 | 1.000779 | 1.001321 | 1.002200 |
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): | 51.48 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 10.900543 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.999645 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.999489 | |
| Elder Ray (13): | 0.000041 | |
| Super Trend (3,10): | 0.999174 | |
| Zig ZAG (10): | 0.999600 | |
| VORTEX (21): | 1.0833 | |
| Stochastique (14,3,5): | 61.11 | |
| TEMA (21): | 0.999659 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.000100 | |
| Repulse (5,40,3): | 0.0070 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0004 | |
| Courbe Coppock: | 0.01 |
| MA7: | 0.999314 | |
| MA20: | 0.998940 | |
| MA50: | 0.999632 | |
| MA100: | 0.999803 | |
| MAexp7: | 0.999621 | |
| MAexp20: | 0.999595 | |
| MAexp50: | 0.999529 | |
| MAexp100: | 0.999431 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +0.07% | |
| Price / MA50: | +0.00% | |
| Price / MA100: | -0.02% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.02% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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