THETA NETWORK - THETA/USDT - Daily - Technical analysis published on 01/28/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 3.71 USDT
My targets
2.73 USDT (-5.97%)
2.40 USDT (-17.24%)
My analysis
The bearish trend is currently very strong for THETA - THETA/USDT. As long as the price remains below the resistance at 3.71 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.73 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.40 USDT as an objective. Crossing it would then enable sellers to target 0.78 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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Additional analysis
Quotes
The THETA - THETA/USDT price is 2.90 USDT. The price registered an increase of +0.35% on the session with the lowest point at 2.83 USDT and the highest point at 2.99 USDT. The deviation from the price is +2.47% for the low point and -3.01% for the high point.2.83
2.99
2.90
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by THETA - THETA/USDT:
Technical
A technical analysis in Daily of this THETA - THETA/USDT chart shows a sharp bearish trend. 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 scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.78 | 2.40 | 2.90 | 3.88 | 4.69 | 5.92 |
| Change (%) | -73.10% | -17.24% | - | +33.79% | +61.72% | +104.14% |
| Change | -2.12 | -0.50 | - | +0.98 | +1.79 | +3.02 |
| Level | Intermediate | Intermediate | - | Major | Intermediate | 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 | 2.37 | 2.58 | 2.73 | 2.94 | 3.09 | 3.30 | 3.45 |
| Camarilla | 2.79 | 2.82 | 2.86 | 2.89 | 2.92 | 2.96 | 2.99 |
| Woodie | 2.35 | 2.57 | 2.71 | 2.93 | 3.07 | 3.29 | 3.43 |
| Fibonacci | 2.58 | 2.71 | 2.80 | 2.94 | 3.07 | 3.16 | 3.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.41 | 0.98 | 1.87 | 3.26 | 4.15 | 5.54 | 6.43 |
| Camarilla | 2.13 | 2.34 | 2.55 | 2.76 | 2.97 | 3.18 | 3.39 |
| Woodie | -0.66 | 0.86 | 1.62 | 3.14 | 3.90 | 5.42 | 6.18 |
| Fibonacci | 0.98 | 1.85 | 2.39 | 3.26 | 4.13 | 4.67 | 5.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.61 | 2.73 | 3.71 | 4.83 | 5.81 | 6.93 | 7.91 |
| Camarilla | 4.12 | 4.32 | 4.51 | 4.70 | 4.89 | 5.09 | 5.28 |
| Woodie | 1.55 | 2.70 | 3.65 | 4.80 | 5.75 | 6.90 | 7.85 |
| Fibonacci | 2.73 | 3.53 | 4.02 | 4.83 | 5.63 | 6.12 | 6.93 |
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): | 34.31 | |
| MACD (12,26,9): | -0.4700 | |
| Directional Movement: | -17.24 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 2.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.99 | |
| Elder Ray (13): | -0.32 | |
| Super Trend (3,10): | 3.96 | |
| Zig ZAG (10): | 2.90 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 24.84 | |
| TEMA (21): | 2.71 | |
| Williams %R (14): | -73.93 | |
| Chande Momentum Oscillator (20): | -1.31 | |
| Repulse (5,40,3): | -3.6100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.2900 | |
| Courbe Coppock: | 58.26 |
| MA7: | 2.76 | |
| MA20: | 3.60 | |
| MA50: | 4.15 | |
| MA100: | 5.40 | |
| MAexp7: | 2.96 | |
| MAexp20: | 3.48 | |
| MAexp50: | 4.20 | |
| MAexp100: | 4.92 | |
| Price / MA7: | +5.07% | |
| Price / MA20: | -19.44% | |
| Price / MA50: | -30.12% | |
| Price / MA100: | -46.30% | |
| Price / MAexp7: | -2.03% | |
| Price / MAexp20: | -16.67% | |
| Price / MAexp50: | -30.95% | |
| Price / MAexp100: | -41.06% |
Quotes :
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Real time data
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