THETA NETWORK - THETA/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	THETAUSDT
ISIN:

THETA NETWORK - THETA/USDT - Weekly - Technical analysis published on 02/02/2022 (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%

72%

11%

My opinion

Bearish under 3.66 USDT

My targets

2.40 USDT (-17.24%)

1.73 USDT (-40.24%)

My analysis

THETA - THETA/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 3.66 USDT. The next support located at 2.40 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.73 USDT. Below this support, sellers could then target 0.78 USDT.

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

5.4

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 2.90 USDT. The price registered an increase of +3.20% over 5 days with the lowest point at 2.80 USDT and the highest point at 3.11 USDT. The deviation from the price is +3.57% for the low point and -6.81% for the high point.

2.80

3.11

2.90

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:

Technical

Technical analysis of this Weekly chart of THETA - THETA/USDT indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Weekly

In fact, 13 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

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Weekly

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.78	2.40	2.90	3.66	5.48	9.18
Change (%)	-73.10%	-17.24%	-	+26.21%	+88.97%	+216.55%
Change	-2.12	-0.50	-	+0.76	+2.58	+6.28
Level	Intermediate	Intermediate	-	Intermediate	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.79	2.83	2.88	2.92	2.97	3.01	3.06
Camarilla	2.90	2.90	2.91	2.92	2.93	2.94	2.95
Woodie	2.79	2.83	2.88	2.92	2.97	3.01	3.06
Fibonacci	2.83	2.87	2.89	2.92	2.96	2.98	3.01

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.60	1.94	2.46	2.80	3.32	3.66	4.18
Camarilla	2.74	2.82	2.90	2.98	3.06	3.14	3.22
Woodie	1.69	1.99	2.55	2.85	3.41	3.71	4.27
Fibonacci	1.94	2.27	2.47	2.80	3.13	3.33	3.66

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-1.23	0.53	1.73	3.49	4.69	6.45	7.65
Camarilla	2.13	2.40	2.67	2.94	3.21	3.48	3.75
Woodie	-1.50	0.39	1.46	3.35	4.42	6.31	7.38
Fibonacci	0.53	1.66	2.36	3.49	4.62	5.32	6.45

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):	36.94
MACD (12,26,9):	-0.9000
Directional Movement:	-7.38
AROON (14):	-92.86
DEMA (21):	3.91
Parabolic SAR (0,02-0,02-0,2):	7.32
Elder Ray (13):	-1.49
Super Trend (3,10):	7.15
Zig ZAG (10):	2.90
VORTEX (21):	0.8800
Stochastique (14,3,5):	9.23
TEMA (21):	3.03
Williams %R (14):	-90.16
Chande Momentum Oscillator (20):	-4.17
Repulse (5,40,3):	-27.9400
ROCnROLL:	2
TRIX (15,9):	-1.3600
Courbe Coppock:	84.85

MA7:	2.92
MA20:	3.32
MA50:	4.03
MA100:	5.23
MAexp7:	3.69
MAexp20:	4.93
MAexp50:	5.29
MAexp100:	4.28
Price / MA7:	-0.68%
Price / MA20:	-12.65%
Price / MA50:	-28.04%
Price / MA100:	-44.55%
Price / MAexp7:	-21.41%
Price / MAexp20:	-41.18%
Price / MAexp50:	-45.18%
Price / MAexp100:	-32.24%

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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