THETA NETWORK - THETA/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	THETAUSDT
ISIN:

THETA NETWORK - THETA/USDT - Weekly - Technical analysis published on 01/28/2022 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 3.71 USDT

My targets

2.40 USDT (-18.64%)

1.61 USDT (-45.32%)

My analysis

In the short term, we can see an acceleration in the bearish trend on THETA - THETA/USDT, which is a positive signal for sellers. As long as the price remains above 3.71 USDT, a sale could be considered. The first bearish objective is located at 2.40 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.61 USDT as an objective. Crossing it would then enable sellers to target 0.78 USDT. If the price were to return above 3.71 USDT, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

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

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

Additional analysis

Quotes

The THETA - THETA/USDT price is 2.95 USDT. Over 5 days, this instrument gained +6.88% and was traded between 2.28 USDT and 3.07 USDT over the period. The price is currently at +29.61% from its lowest point and -3.85% from its highest point.

2.28

3.07

2.95

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

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

Technical

A technical analysis in Weekly of this THETA - THETA/USDT chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals 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, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Weekly

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

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.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.78	2.40	2.95	4.69	5.92	8.21
Change (%)	-73.56%	-18.64%	-	+58.98%	+100.68%	+178.31%
Change	-2.17	-0.55	-	+1.74	+2.97	+5.26
Level	Intermediate	Intermediate	-	Intermediate	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position 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):	36.88
MACD (12,26,9):	-0.8300
Directional Movement:	-7.54
AROON (14):	-92.86
DEMA (21):	4.21
Parabolic SAR (0,02-0,02-0,2):	7.88
Elder Ray (13):	-1.93
Super Trend (3,10):	7.29
Zig ZAG (10):	2.92
VORTEX (21):	0.8700
Stochastique (14,3,5):	9.00
TEMA (21):	3.33
Williams %R (14):	-89.77
Chande Momentum Oscillator (20):	-4.52
Repulse (5,40,3):	-41.7400
ROCnROLL:	2
TRIX (15,9):	-1.1700
Courbe Coppock:	74.74

MA7:	2.77
MA20:	3.60
MA50:	4.15
MA100:	5.40
MAexp7:	3.94
MAexp20:	5.13
MAexp50:	5.39
MAexp100:	4.31
Price / MA7:	+6.50%
Price / MA20:	-18.06%
Price / MA50:	-28.92%
Price / MA100:	-45.37%
Price / MAexp7:	-25.13%
Price / MAexp20:	-42.50%
Price / MAexp50:	-45.27%
Price / MAexp100:	-31.55%

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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