WAVES - WAVES/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	WAVESUSDT
ISIN:

WAVES - WAVES/USDT - Daily - Technical analysis published on 10/16/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

44%

28%

My opinion

Bearish under 4.26 USDT

My targets

3.25 USDT (-8.37%)

2.69 USDT (-24.31%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on WAVES - WAVES/USDT as long as the price remains well below 4.26 USDT. The sellers' bearish objective is set at 3.25 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.69 USDT. In case of crossing, the next objective would be the support located at 1.68 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

5.5

Comment on the analysis

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 finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The WAVES - WAVES/USDT price is 3.55 USDT. The price registered an increase of +8.23% on the session and was traded between 3.28 USDT and 3.63 USDT over the period. The price is currently at +8.23% from its lowest and -2.20% from its highest.

3.28

3.63

3.55

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

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of WAVES - WAVES/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by 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 on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

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

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	3.55	4.42	15.46	22.30
Change (%)	-	+24.51%	+335.49%	+528.17%
Change	-	+0.87	+11.91	+18.75
Level	-	Intermediate	Minor	Intermediate

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	3.19	3.23	3.25	3.29	3.31	3.35	3.37
Camarilla	3.26	3.27	3.28	3.28	3.29	3.29	3.30
Woodie	3.19	3.23	3.25	3.29	3.31	3.35	3.37
Fibonacci	3.23	3.25	3.26	3.29	3.31	3.32	3.35

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.37	2.75	3.02	3.40	3.67	4.05	4.32
Camarilla	3.10	3.16	3.22	3.28	3.34	3.40	3.46
Woodie	2.31	2.72	2.96	3.37	3.61	4.02	4.26
Fibonacci	2.75	3.00	3.16	3.40	3.65	3.81	4.05

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.68	2.69	3.25	4.26	4.82	5.83	6.39
Camarilla	3.39	3.53	3.68	3.82	3.96	4.11	4.25
Woodie	1.47	2.58	3.04	4.15	4.61	5.72	6.18
Fibonacci	2.69	3.29	3.66	4.26	4.86	5.23	5.83

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):	42.71
MACD (12,26,9):	-0.2000
Directional Movement:	-10.31
AROON (14):	-50.00
DEMA (21):	3.39
Parabolic SAR (0,02-0,02-0,2):	3.77
Elder Ray (13):	-0.12
Super Trend (3,10):	3.78
Zig ZAG (10):	3.59
VORTEX (21):	0.8200
Stochastique (14,3,5):	30.82
TEMA (21):	3.39
Williams %R (14):	-44.32
Chande Momentum Oscillator (20):	-0.26
Repulse (5,40,3):	7.8600
ROCnROLL:	-1
TRIX (15,9):	-0.7100
Courbe Coppock:	18.62

MA7:	3.44
MA20:	3.67
MA50:	4.08
MA100:	4.77
MAexp7:	3.48
MAexp20:	3.67
MAexp50:	4.11
MAexp100:	5.25
Price / MA7:	+3.20%
Price / MA20:	-3.27%
Price / MA50:	-12.99%
Price / MA100:	-25.58%
Price / MAexp7:	+2.01%
Price / MAexp20:	-3.27%
Price / MAexp50:	-13.63%
Price / MAexp100:	-32.38%

Quotes : - Real time data - Cryptocompare

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

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