THETA NETWORK - THETA/USDT - 1H - Technical analysis published on 08/17/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 7.58 USDT
My targets
7.83 USDT (+1.99%)
8.16 USDT (+6.25%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on THETA - THETA/USDT. As long as you are above the support located at 7.58 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 7.83 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 8.16 USDT as an objective. Crossing it would then enable buyers to target 8.33 USDT. If the support 7.58 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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Additional analysis
Quotes
THETA - THETA/USDT rating 7.68 USDT. The price has increased by +0.92% since the last closing and was between 7.31 USDT and 8.09 USDT. This implies that the price is at +5.06% from its lowest and at -5.07% from its highest.7.31
8.09
7.68
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by THETA - THETA/USDT:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of THETA - THETA/USDT indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.01 | 7.20 | 7.58 | 7.68 | 8.16 | 8.33 | 8.66 |
| Change (%) | -8.72% | -6.25% | -1.30% | - | +6.25% | +8.46% | +12.76% |
| Change | -0.67 | -0.48 | -0.10 | - | +0.48 | +0.65 | +0.98 |
| Level | Intermediate | Minor | Major | - | Minor | 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 | 6.15 | 6.73 | 7.17 | 7.75 | 8.19 | 8.77 | 9.21 |
| Camarilla | 7.33 | 7.42 | 7.52 | 7.61 | 7.70 | 7.80 | 7.89 |
| Woodie | 6.08 | 6.70 | 7.10 | 7.72 | 8.12 | 8.74 | 9.14 |
| Fibonacci | 6.73 | 7.12 | 7.36 | 7.75 | 8.14 | 8.38 | 8.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.89 | 5.51 | 6.36 | 6.98 | 7.83 | 8.45 | 9.30 |
| Camarilla | 6.82 | 6.95 | 7.09 | 7.22 | 7.36 | 7.49 | 7.62 |
| Woodie | 5.02 | 5.57 | 6.49 | 7.04 | 7.96 | 8.51 | 9.43 |
| Fibonacci | 5.51 | 6.07 | 6.42 | 6.98 | 7.54 | 7.89 | 8.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.72 | 2.11 | 4.10 | 5.49 | 7.48 | 8.87 | 10.86 |
| Camarilla | 5.16 | 5.47 | 5.78 | 6.09 | 6.40 | 6.71 | 7.02 |
| Woodie | 1.02 | 2.26 | 4.40 | 5.64 | 7.78 | 9.02 | 11.16 |
| Fibonacci | 2.11 | 3.40 | 4.20 | 5.49 | 6.78 | 7.58 | 8.87 |
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): | 50.22 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | -1.15 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 7.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.59 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 8.06 | |
| Zig ZAG (10): | 7.69 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 59.18 | |
| TEMA (21): | 7.78 | |
| Williams %R (14): | -53.06 | |
| Chande Momentum Oscillator (20): | -0.07 | |
| Repulse (5,40,3): | -2.9400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 3.40 |
| MA7: | 7.29 | |
| MA20: | 6.70 | |
| MA50: | 6.02 | |
| MA100: | 7.07 | |
| MAexp7: | 7.78 | |
| MAexp20: | 7.78 | |
| MAexp50: | 7.67 | |
| MAexp100: | 7.49 | |
| Price / MA7: | +5.35% | |
| Price / MA20: | +14.63% | |
| Price / MA50: | +27.57% | |
| Price / MA100: | +8.63% | |
| Price / MAexp7: | -1.29% | |
| Price / MAexp20: | -1.29% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +2.54% |
Quotes :
-
Real time data
-
Cryptocompare
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