WAVES - WAVES/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	WAVESUSDT
ISIN:

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

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 4.42 USDT

My targets

3.25 USDT (-8.11%)

2.69 USDT (-24.10%)

My analysis

The bearish trend is currently very strong for WAVES - WAVES/USDT. As long as the price remains below the resistance at 4.42 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 3.25 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.69 USDT as an objective. Crossing it would then enable sellers to target 1.68 USDT. 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.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.1

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

WAVES - WAVES/USDT rating 3.54 USDT. The price registered an increase of +0.57% over 5 days with the lowest point at 3.14 USDT and the highest point at 3.63 USDT. The deviation from the price is +12.81% for the low point and -2.48% for the high point.

3.14

3.63

3.54

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by WAVES - WAVES/USDT:

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 WAVES - WAVES/USDT in Weekly shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Weekly

In fact, only 9 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Weekly

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

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

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

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 which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	3.54	4.42	22.30	35.90
Change (%)	-	+24.86%	+529.94%	+914.12%
Change	-	+0.88	+18.76	+32.36
Level	-	Intermediate	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	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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	38.78
MACD (12,26,9):	-2.5300
Directional Movement:	4.46
AROON (14):	-71.43
DEMA (21):	2.27
Parabolic SAR (0,02-0,02-0,2):	5.00
Elder Ray (13):	-1.18
Super Trend (3,10):	8.24
Zig ZAG (10):	3.59
VORTEX (21):	0.9700
Stochastique (14,3,5):	6.47
TEMA (21):	2.18
Williams %R (14):	-87.16
Chande Momentum Oscillator (20):	-2.09
Repulse (5,40,3):	-8.9200
ROCnROLL:	2
TRIX (15,9):	-4.0200
Courbe Coppock:	58.49

MA7:	3.44
MA20:	3.67
MA50:	4.08
MA100:	4.77
MAexp7:	3.88
MAexp20:	5.89
MAexp50:	10.08
MAexp100:	11.20
Price / MA7:	+2.91%
Price / MA20:	-3.54%
Price / MA50:	-13.24%
Price / MA100:	-25.79%
Price / MAexp7:	-8.76%
Price / MAexp20:	-39.90%
Price / MAexp50:	-64.88%
Price / MAexp100:	-68.39%

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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