THETA NETWORK - THETA/USDT - 1H - Technical analysis published on 02/25/2023 (GMT)
- 206
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 1.17 USDT
My targets
1.14 USDT (-1.72%)
1.12 USDT (-3.45%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on THETA NETWORK - THETA/USDT as long as the price remains well below 1.17 USDT. The sellers' bearish objective is set at 1.14 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.12 USDT. In case of crossing, the next objective would be the support located at 1.08 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.3
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 finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The THETA NETWORK - THETA/USDT price is 1.16 USDT. The price is lower by -6.45% since the last closing and was traded between 1.13 USDT and 1.25 USDT over the period. The price is currently at +2.65% from its lowest and -7.20% from its highest.1.13
1.25
1.16
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 THETA NETWORK - THETA/USDT in 1H shows a overall strongly bearish trend. The signals given by moving averages are 89.29% 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.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or 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.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.08 | 1.12 | 1.14 | 1.16 | 1.17 | 1.19 | 1.21 |
| Change (%) | -6.90% | -3.45% | -1.72% | - | +0.86% | +2.59% | +4.31% |
| Change | -0.08 | -0.04 | -0.02 | - | +0.01 | +0.03 | +0.05 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Major | Minor |
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 | 1.09 | 1.15 | 1.19 | 1.25 | 1.29 | 1.35 | 1.39 |
| Camarilla | 1.21 | 1.22 | 1.23 | 1.24 | 1.25 | 1.26 | 1.27 |
| Woodie | 1.09 | 1.15 | 1.19 | 1.25 | 1.29 | 1.35 | 1.39 |
| Fibonacci | 1.15 | 1.19 | 1.21 | 1.25 | 1.29 | 1.31 | 1.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.79 | 0.89 | 1.05 | 1.15 | 1.31 | 1.41 | 1.57 |
| Camarilla | 1.13 | 1.15 | 1.18 | 1.20 | 1.22 | 1.25 | 1.27 |
| Woodie | 0.81 | 0.91 | 1.07 | 1.17 | 1.33 | 1.43 | 1.59 |
| Fibonacci | 0.89 | 0.99 | 1.05 | 1.15 | 1.25 | 1.31 | 1.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.31 | 0.52 | 0.77 | 0.98 | 1.23 | 1.44 | 1.69 |
| Camarilla | 0.89 | 0.94 | 0.98 | 1.02 | 1.06 | 1.10 | 1.15 |
| Woodie | 0.33 | 0.53 | 0.79 | 0.99 | 1.25 | 1.45 | 1.71 |
| Fibonacci | 0.52 | 0.70 | 0.80 | 0.98 | 1.16 | 1.26 | 1.44 |
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): | 38.37 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -17.40 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 1.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.17 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.19 | |
| Zig ZAG (10): | 1.16 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 34.46 | |
| TEMA (21): | 1.14 | |
| Williams %R (14): | -58.73 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | 0.3800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2600 | |
| Courbe Coppock: | 8.05 |
| MA7: | 1.20 | |
| MA20: | 1.14 | |
| MA50: | 1.02 | |
| MA100: | 0.93 | |
| MAexp7: | 1.16 | |
| MAexp20: | 1.18 | |
| MAexp50: | 1.20 | |
| MAexp100: | 1.21 | |
| Price / MA7: | -3.33% | |
| Price / MA20: | +1.75% | |
| Price / MA50: | +13.73% | |
| Price / MA100: | +24.73% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -1.69% | |
| Price / MAexp50: | -3.33% | |
| Price / MAexp100: | -4.13% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis THETA NETWORK - THETA/USDT - 1H