TETHER - USDT/USD - 1H - Technical analysis published on 04/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 1.000284 USD
My targets
0.999324 USD (-0.05%)
0.998849 USD (-0.09%)
My analysis
In the short term, we can see an acceleration in the bearish trend on TETHER - USDT/USD, which is a positive signal for sellers. As long as the price remains above 1.000284 USD, a sale could be considered. The first bearish objective is located at 0.999324 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.998849 USD as an objective. Crossing it would then enable sellers to target 0.980800 USD. If the price were to return above 1.000284 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TETHER - USDT/USD rating is 0.999778 USD. On the day, this instrument gained +0.00% and was traded between 0.999599 USD and 1.000030 USD over the period. The price is currently at +0.02% from its lowest and -0.03% from its highest.0.999599
1.000030
0.999778
Here is a more detailed summary of the historical variations registered by TETHER - USDT/USD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of TETHER - USDT/USD indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 6 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
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 | 0.999109 | 0.999324 | 0.999562 | 0.999778 | 1.000038 | 1.000284 | 1.000647 |
| Change (%) | -0.07% | -0.05% | -0.02% | - | +0.03% | +0.05% | +0.09% |
| Change | -0.000669 | -0.000454 | -0.000216 | - | +0.000260 | +0.000506 | +0.000869 |
| Level | Minor | Major | Major | - | Major | Minor | Minor |
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 | 0.999005 | 0.999300 | 0.999560 | 0.999855 | 1.000115 | 1.000410 | 1.000670 |
| Camarilla | 0.999667 | 0.999718 | 0.999769 | 0.999820 | 0.999871 | 0.999922 | 0.999973 |
| Woodie | 0.998988 | 0.999291 | 0.999543 | 0.999846 | 1.000098 | 1.000401 | 1.000653 |
| Fibonacci | 0.999300 | 0.999512 | 0.999643 | 0.999855 | 1.000067 | 1.000198 | 1.000410 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.997247 | 0.998178 | 0.998869 | 0.999800 | 1.000491 | 1.001422 | 1.002113 |
| Camarilla | 0.999114 | 0.999263 | 0.999411 | 0.999560 | 0.999709 | 0.999857 | 1.000006 |
| Woodie | 0.997127 | 0.998118 | 0.998749 | 0.999740 | 1.000371 | 1.001362 | 1.001993 |
| Fibonacci | 0.998178 | 0.998798 | 0.999180 | 0.999800 | 1.000420 | 1.000802 | 1.001422 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.995862 | 0.997076 | 0.998701 | 0.999915 | 1.001540 | 1.002754 | 1.004379 |
| Camarilla | 0.999544 | 0.999805 | 1.000065 | 1.000325 | 1.000585 | 1.000846 | 1.001106 |
| Woodie | 0.996067 | 0.997179 | 0.998906 | 1.000018 | 1.001745 | 1.002857 | 1.004584 |
| Fibonacci | 0.997076 | 0.998161 | 0.998831 | 0.999915 | 1.001000 | 1.001670 | 1.002754 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.11 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -11.109834 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.999832 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.000001 | |
| Elder Ray (13): | -0.000100 | |
| Super Trend (3,10): | 1.000096 | |
| Zig ZAG (10): | 0.999757 | |
| VORTEX (21): | 0.9959 | |
| Stochastique (14,3,5): | 42.35 | |
| TEMA (21): | 0.999823 | |
| Williams %R (14): | -48.26 | |
| Chande Momentum Oscillator (20): | 0.000055 | |
| Repulse (5,40,3): | 0.0138 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.01 |
| MA7: | 0.999772 | |
| MA20: | 1.000193 | |
| MA50: | 1.000113 | |
| MA100: | 1.000165 | |
| MAexp7: | 0.999838 | |
| MAexp20: | 0.999844 | |
| MAexp50: | 0.999841 | |
| MAexp100: | 0.999837 | |
| Price / MA7: | +0.00% | |
| Price / MA20: | -0.04% | |
| Price / MA50: | -0.03% | |
| Price / MA100: | -0.04% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.01% |
Quotes :
-
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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