WAVES - WAVES/USDT - 1H - Technical analysis published on 02/15/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 11.47 USDT
My targets
12.74 USDT (+7.56%)
14.24 USDT (+20.27%)
My analysis
The basic bullish trend is very strong on WAVES - WAVES/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 11.47 USDT. Crossing the first resistance at 12.74 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 14.24 USDT as an objective. Crossing it would then enable buyers to target 16.79 USDT. Caution, a return to below 11.47 USDT would be a sign of a consolidation phase in the short-term basic trend. 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 bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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This analysis was given by pascalhaux. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WAVES - WAVES/USDT price is 11.84 USDT. On the day, this instrument gained +0.00% with the lowest point at 9.99 USDT and the highest point at 12.41 USDT. The deviation from the price is +18.52% for the low point and -4.59% for the high point.9.99
12.41
11.84
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of WAVES - WAVES/USDT indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 8.96 | 10.19 | 11.14 | 11.84 |
| Change (%) | -24.32% | -13.94% | -5.91% | - |
| Change | -2.88 | -1.65 | -0.70 | - |
| Level | Major | Intermediate | Intermediate | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.87 | 9.23 | 10.53 | 11.89 | 13.19 | 14.55 | 15.85 |
| Camarilla | 11.11 | 11.35 | 11.60 | 11.84 | 12.08 | 12.33 | 12.57 |
| Woodie | 7.85 | 9.22 | 10.51 | 11.88 | 13.17 | 14.54 | 15.83 |
| Fibonacci | 9.23 | 10.24 | 10.87 | 11.89 | 12.90 | 13.53 | 14.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.63 | 6.13 | 8.68 | 10.19 | 12.74 | 14.24 | 16.79 |
| Camarilla | 10.12 | 10.49 | 10.86 | 11.23 | 11.60 | 11.97 | 12.35 |
| Woodie | 5.15 | 6.39 | 9.20 | 10.45 | 13.26 | 14.50 | 17.31 |
| Fibonacci | 6.13 | 7.68 | 8.64 | 10.19 | 11.73 | 12.69 | 14.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.69 | 3.35 | 4.95 | 6.61 | 8.21 | 9.87 | 11.47 |
| Camarilla | 5.65 | 5.95 | 6.25 | 6.55 | 6.85 | 7.15 | 7.45 |
| Woodie | 1.66 | 3.34 | 4.92 | 6.60 | 8.18 | 9.86 | 11.44 |
| Fibonacci | 3.35 | 4.60 | 5.37 | 6.61 | 7.86 | 8.63 | 9.87 |
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): | 54.77 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 0.64 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 11.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.16 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 12.11 | |
| Zig ZAG (10): | 11.78 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 85.22 | |
| TEMA (21): | 11.42 | |
| Williams %R (14): | -1.72 | |
| Chande Momentum Oscillator (20): | 1.31 | |
| Repulse (5,40,3): | 3.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 2.80 |
| MA7: | 10.79 | |
| MA20: | 8.48 | |
| MA50: | 7.21 | |
| MA100: | 6.93 | |
| MAexp7: | 11.43 | |
| MAexp20: | 11.45 | |
| MAexp50: | 11.38 | |
| MAexp100: | 11.01 | |
| Price / MA7: | +9.73% | |
| Price / MA20: | +39.62% | |
| Price / MA50: | +64.22% | |
| Price / MA100: | +70.85% | |
| Price / MAexp7: | +3.59% | |
| Price / MAexp20: | +3.41% | |
| Price / MAexp50: | +4.04% | |
| Price / MAexp100: | +7.54% |
Quotes :
2021-02-15 16:20:13
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Real time data
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Cryptocompare
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