WAVES - WAVES/USDT - 1H - Technical analysis published on 05/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 1.81 USDT
My targets
1.71 USDT (-4.47%)
1.55 USDT (-13.41%)
My analysis
The bearish basic trend is very strong on WAVES - WAVES/USDT but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.81 USDT. Crossing the first support at 1.71 USDT would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.55 USDT as an objective. Crossing it would then enable sellers to target 1.31 USDT. Caution, a return to above the resistance located at 1.81 USDT would be a sign of a possible consolidation phase of 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.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.7
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This analysis was given by cassedre. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
WAVES - WAVES/USDT rating 1.79 USDT. The price registered a decrease of -4.79% on the session with the lowest point at 1.78 USDT and the highest point at 1.90 USDT. The deviation from the price is +0.56% for the low point and -5.79% for the high point.1.78
1.90
1.79
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of WAVES - WAVES/USDT in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 1 hour
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
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.31 | 1.55 | 1.79 | 1.81 | 1.84 | 1.86 |
| Change (%) | -26.82% | -13.41% | - | +1.12% | +2.79% | +3.91% |
| Change | -0.48 | -0.24 | - | +0.02 | +0.05 | +0.07 |
| Level | Major | Major | - | Intermediate | Intermediate | 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 | 1.79 | 1.81 | 1.85 | 1.87 | 1.91 | 1.93 | 1.97 |
| Camarilla | 1.86 | 1.87 | 1.88 | 1.88 | 1.89 | 1.89 | 1.90 |
| Woodie | 1.79 | 1.82 | 1.85 | 1.88 | 1.91 | 1.94 | 1.97 |
| Fibonacci | 1.81 | 1.84 | 1.85 | 1.87 | 1.90 | 1.91 | 1.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.60 | 1.71 | 1.82 | 1.93 | 2.04 | 2.15 | 2.26 |
| Camarilla | 1.87 | 1.89 | 1.91 | 1.93 | 1.95 | 1.97 | 1.99 |
| Woodie | 1.60 | 1.71 | 1.82 | 1.93 | 2.04 | 2.15 | 2.26 |
| Fibonacci | 1.71 | 1.79 | 1.85 | 1.93 | 2.01 | 2.07 | 2.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.11 | 1.47 | 1.67 | 2.03 | 2.23 | 2.59 | 2.79 |
| Camarilla | 1.73 | 1.78 | 1.83 | 1.88 | 1.93 | 1.98 | 2.03 |
| Woodie | 1.04 | 1.43 | 1.60 | 1.99 | 2.16 | 2.55 | 2.72 |
| Fibonacci | 1.47 | 1.68 | 1.81 | 2.03 | 2.24 | 2.37 | 2.59 |
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): | 16.97 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -38.76 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 1.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.86 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 1.83 | |
| Zig ZAG (10): | 1.79 | |
| VORTEX (21): | 0.6100 | |
| Stochastique (14,3,5): | 8.15 | |
| TEMA (21): | 1.80 | |
| Williams %R (14): | -92.00 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | -1.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 7.04 |
| MA7: | 1.86 | |
| MA20: | 1.95 | |
| MA50: | 2.08 | |
| MA100: | 2.26 | |
| MAexp7: | 1.81 | |
| MAexp20: | 1.84 | |
| MAexp50: | 1.86 | |
| MAexp100: | 1.87 | |
| Price / MA7: | -3.76% | |
| Price / MA20: | -8.21% | |
| Price / MA50: | -13.94% | |
| Price / MA100: | -20.80% | |
| Price / MAexp7: | -1.10% | |
| Price / MAexp20: | -2.72% | |
| Price / MAexp50: | -3.76% | |
| Price / MAexp100: | -4.28% |
Quotes :
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Real time data
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Cryptocompare
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