THETA NETWORK - THETA/USDT - Daily - Technical analysis published on 11/30/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 1.085830 USDT
My targets
0.902200 USDT (-5.78%)
0.830700 USDT (-13.24%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.085830 USDT remains possible. It is advisable to trade THETA NETWORK - THETA/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.085830 USDT. The next bearish objective for sellers is set at 0.902200 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.830700 USDT. PS: if there is a bullish break in the resistance located at 1.085830 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.3
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Additional analysis
Quotes
THETA NETWORK - THETA/USDT rating 0.957500 USDT. The price registered an increase of +3.40% on the session with the lowest point at 0.920400 USDT and the highest point at 0.958500 USDT. The deviation from the price is +4.03% for the low point and -0.10% for the high point.0.920400
0.958500
0.957500
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 NETWORK - THETA/USDT:
Technical
A technical analysis in Daily of this THETA NETWORK - THETA/USDT chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.830700 | 0.902200 | 0.957500 | 1.085830 | 1.290000 | 1.474400 |
| Change (%) | -13.24% | -5.78% | - | +13.40% | +34.73% | +53.98% |
| Change | -0.126800 | -0.055300 | - | +0.128330 | +0.332500 | +0.516900 |
| Level | Major | Intermediate | - | Intermediate | Minor | Minor |
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 | 0.857533 | 0.884667 | 0.905333 | 0.932467 | 0.953133 | 0.980267 | 1.000933 |
| Camarilla | 0.912855 | 0.917237 | 0.921618 | 0.926000 | 0.930382 | 0.934763 | 0.939145 |
| Woodie | 0.854300 | 0.883050 | 0.902100 | 0.930850 | 0.949900 | 0.978650 | 0.997700 |
| Fibonacci | 0.884667 | 0.902926 | 0.914207 | 0.932467 | 0.950726 | 0.962007 | 0.980267 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.694400 | 0.748100 | 0.830500 | 0.884200 | 0.966600 | 1.020300 | 1.102700 |
| Camarilla | 0.875473 | 0.887948 | 0.900424 | 0.912900 | 0.925376 | 0.937852 | 0.950328 |
| Woodie | 0.708750 | 0.755275 | 0.844850 | 0.891375 | 0.980950 | 1.027475 | 1.117050 |
| Fibonacci | 0.748100 | 0.800090 | 0.832210 | 0.884200 | 0.936190 | 0.968310 | 1.020300 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.657000 | 0.791400 | 0.978200 | 1.112600 | 1.299400 | 1.433800 | 1.620600 |
| Camarilla | 1.076670 | 1.106113 | 1.135557 | 1.165000 | 1.194443 | 1.223887 | 1.253330 |
| Woodie | 0.683200 | 0.804500 | 1.004400 | 1.125700 | 1.325600 | 1.446900 | 1.646800 |
| Fibonacci | 0.791400 | 0.914098 | 0.989902 | 1.112600 | 1.235298 | 1.311102 | 1.433800 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.49 | |
| MACD (12,26,9): | -0.0277 | |
| Directional Movement: | -4.190192 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.892164 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.824483 | |
| Elder Ray (13): | 0.016575 | |
| Super Trend (3,10): | 1.034178 | |
| Zig ZAG (10): | 0.955400 | |
| VORTEX (21): | 1.0540 | |
| Stochastique (14,3,5): | 75.18 | |
| TEMA (21): | 0.895760 | |
| Williams %R (14): | -12.85 | |
| Chande Momentum Oscillator (20): | 0.054300 | |
| Repulse (5,40,3): | 4.4178 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.6623 | |
| Courbe Coppock: | 3.32 |
| MA7: | 0.925929 | |
| MA20: | 0.900790 | |
| MA50: | 1.012382 | |
| MA100: | 1.061811 | |
| MAexp7: | 0.926316 | |
| MAexp20: | 0.935938 | |
| MAexp50: | 0.996501 | |
| MAexp100: | 1.104344 | |
| Price / MA7: | +3.41% | |
| Price / MA20: | +6.30% | |
| Price / MA50: | -5.42% | |
| Price / MA100: | -9.82% | |
| Price / MAexp7: | +3.37% | |
| Price / MAexp20: | +2.30% | |
| Price / MAexp50: | -3.91% | |
| Price / MAexp100: | -13.30% |
Quotes :
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Real time data
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