WAVES - WAVES/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	WAVESUSD
ISIN:

WAVES - WAVES/USD - Daily - Technical analysis published on 08/22/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 1.89 USD

My targets

1.46 USD (-9.32%)

My analysis

WAVES - WAVES/USD 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 1.89 USD. The next support located at 1.46 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

5.5

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

Additional analysis

Quotes

The WAVES - WAVES/USD rating is 1.61 USD. On the day, this instrument gained +4.55% with the lowest point at 1.54 USD and the highest point at 1.63 USD. The deviation from the price is +4.55% for the low point and -1.23% for the high point.

1.54

1.63

1.61

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

Technical

A technical analysis in Daily of this WAVES - WAVES/USD chart shows a bearish trend. 75.00% 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. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily

On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

Price

	S1	Price	R1	R2	R3
ProTrendLines	1.46	1.61	1.92	2.29	2.83
Change (%)	-9.32%	-	+19.25%	+42.24%	+75.78%
Change	-0.15	-	+0.31	+0.68	+1.22
Level	Major	-	Major	Intermediate	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	1.40	1.43	1.49	1.52	1.58	1.61	1.67
Camarilla	1.52	1.52	1.53	1.54	1.55	1.56	1.57
Woodie	1.41	1.44	1.50	1.53	1.59	1.62	1.68
Fibonacci	1.43	1.47	1.49	1.52	1.56	1.58	1.61

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.63	0.97	1.26	1.60	1.89	2.23	2.52
Camarilla	1.37	1.43	1.48	1.54	1.60	1.66	1.71
Woodie	0.60	0.96	1.23	1.59	1.86	2.22	2.49
Fibonacci	0.97	1.21	1.36	1.60	1.84	1.99	2.23

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.47	1.14	1.54	2.21	2.61	3.28	3.68
Camarilla	1.64	1.73	1.83	1.93	2.03	2.13	2.22
Woodie	0.33	1.07	1.40	2.14	2.47	3.21	3.54
Fibonacci	1.14	1.55	1.81	2.21	2.62	2.88	3.28

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	29.41
MACD (12,26,9):	-0.1100
Directional Movement:	-21.25
AROON (14):	-35.72
DEMA (21):	1.59
Parabolic SAR (0,02-0,02-0,2):	1.63
Elder Ray (13):	-0.12
Super Trend (3,10):	1.82
Zig ZAG (10):	1.54
VORTEX (21):	0.8200
Stochastique (14,3,5):	32.34
TEMA (21):	1.51
Williams %R (14):	-67.16
Chande Momentum Oscillator (20):	-0.41
Repulse (5,40,3):	0.4300
ROCnROLL:	2
TRIX (15,9):	-0.5700
Courbe Coppock:	35.18

MA7:	1.54
MA20:	1.79
MA50:	1.90
MA100:	1.79
MAexp7:	1.58
MAexp20:	1.74
MAexp50:	1.81
MAexp100:	1.84
Price / MA7:	+4.55%
Price / MA20:	-10.06%
Price / MA50:	-15.26%
Price / MA100:	-10.06%
Price / MAexp7:	+1.90%
Price / MAexp20:	-7.47%
Price / MAexp50:	-11.05%
Price / MAexp100:	-12.50%

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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Londinia AI

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