WAVES - WAVES/USD - 1H - Technical analysis published on 11/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.21 USD
My targets
1.31 USD (+2.58%)
1.46 USD (+13.83%)
My analysis
The basic bullish trend is very strong on WAVES - WAVES/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.21 USD. Crossing the first resistance at 1.31 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.46 USD as an objective. Crossing it would then enable buyers to target 1.50 USD. Caution, a return to below 1.21 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WAVES - WAVES/USD price is 1.28 USD. On the day, this instrument gained +10.35% with the lowest point at 1.05 USD and the highest point at 1.38 USD. The deviation from the price is +21.90% for the low point and -7.25% for the high point.1.05
1.38
1.28
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:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of WAVES - WAVES/USD indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Black marubozu
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.04 | 1.10 | 1.20 | 1.28 | 1.50 | 2.27 | 2.42 |
| Change (%) | -18.75% | -14.06% | -6.25% | - | +17.19% | +77.34% | +89.06% |
| Change | -0.24 | -0.18 | -0.08 | - | +0.22 | +0.99 | +1.14 |
| Level | Minor | Major | Major | - | 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 | 0.61 | 0.85 | 1.01 | 1.25 | 1.41 | 1.65 | 1.81 |
| Camarilla | 1.05 | 1.09 | 1.12 | 1.16 | 1.20 | 1.23 | 1.27 |
| Woodie | 0.56 | 0.83 | 0.96 | 1.23 | 1.36 | 1.63 | 1.76 |
| Fibonacci | 0.85 | 1.01 | 1.10 | 1.25 | 1.41 | 1.50 | 1.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.71 | 0.81 | 0.96 | 1.06 | 1.21 | 1.31 | 1.46 |
| Camarilla | 1.03 | 1.05 | 1.08 | 1.10 | 1.12 | 1.15 | 1.17 |
| Woodie | 0.73 | 0.82 | 0.98 | 1.07 | 1.23 | 1.32 | 1.48 |
| Fibonacci | 0.81 | 0.91 | 0.97 | 1.06 | 1.16 | 1.22 | 1.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.61 | 0.79 | 0.91 | 1.09 | 1.21 | 1.39 | 1.51 |
| Camarilla | 0.95 | 0.98 | 1.00 | 1.03 | 1.06 | 1.09 | 1.11 |
| Woodie | 0.58 | 0.78 | 0.88 | 1.08 | 1.18 | 1.38 | 1.48 |
| Fibonacci | 0.79 | 0.91 | 0.98 | 1.09 | 1.21 | 1.28 | 1.39 |
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): | 63.65 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | -0.57 | |
| AROON (14): | -7.15 | |
| DEMA (21): | 1.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.38 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 1.15 | |
| Zig ZAG (10): | 1.28 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 74.64 | |
| TEMA (21): | 1.27 | |
| Williams %R (14): | -30.30 | |
| Chande Momentum Oscillator (20): | 0.15 | |
| Repulse (5,40,3): | 6.8400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 20.35 |
| MA7: | 1.15 | |
| MA20: | 1.06 | |
| MA50: | 1.10 | |
| MA100: | 1.08 | |
| MAexp7: | 1.26 | |
| MAexp20: | 1.21 | |
| MAexp50: | 1.18 | |
| MAexp100: | 1.15 | |
| Price / MA7: | +11.30% | |
| Price / MA20: | +20.75% | |
| Price / MA50: | +16.36% | |
| Price / MA100: | +18.52% | |
| Price / MAexp7: | +1.59% | |
| Price / MAexp20: | +5.79% | |
| Price / MAexp50: | +8.47% | |
| Price / MAexp100: | +11.30% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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