WAVES - WAVES/USD - 1H - Technical analysis published on 12/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.57 USD
My targets
1.70 USD (+4.94%)
1.76 USD (+8.64%)
My analysis
The bullish trend is currently very strong on WAVES - WAVES/USD. As long as the price remains above the support at 1.57 USD, you could try to benefit from the boom. The first bullish objective is located at 1.70 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.76 USD as an objective. Crossing it would then enable buyers to target 1.90 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
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
WAVES - WAVES/USD rating 1.62 USD. The price registered an increase of +2.53% on the session and was traded between 1.56 USD and 1.65 USD over the period. The price is currently at +3.85% from its lowest and -1.82% from its highest.1.56
1.65
1.62
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this WAVES - WAVES/USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish 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 : 1 hour
In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.40 | 1.47 | 1.57 | 1.62 | 1.70 | 1.76 | 1.90 |
| Change (%) | -13.58% | -9.26% | -3.09% | - | +4.94% | +8.64% | +17.28% |
| Change | -0.22 | -0.15 | -0.05 | - | +0.08 | +0.14 | +0.28 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.45 | 1.47 | 1.53 | 1.55 | 1.61 | 1.63 | 1.69 |
| Camarilla | 1.56 | 1.57 | 1.57 | 1.58 | 1.59 | 1.60 | 1.60 |
| Woodie | 1.46 | 1.48 | 1.54 | 1.56 | 1.62 | 1.64 | 1.70 |
| Fibonacci | 1.47 | 1.50 | 1.52 | 1.55 | 1.58 | 1.60 | 1.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.06 | 1.23 | 1.41 | 1.58 | 1.76 | 1.93 | 2.11 |
| Camarilla | 1.48 | 1.52 | 1.55 | 1.58 | 1.61 | 1.64 | 1.68 |
| Woodie | 1.06 | 1.23 | 1.41 | 1.58 | 1.76 | 1.93 | 2.11 |
| Fibonacci | 1.23 | 1.37 | 1.45 | 1.58 | 1.72 | 1.80 | 1.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.71 | 0.17 | 1.16 | 2.04 | 3.03 | 3.91 | 4.90 |
| Camarilla | 1.64 | 1.81 | 1.98 | 2.15 | 2.32 | 2.49 | 2.66 |
| Woodie | -0.66 | 0.20 | 1.22 | 2.07 | 3.09 | 3.94 | 4.96 |
| Fibonacci | 0.17 | 0.88 | 1.33 | 2.04 | 2.75 | 3.20 | 3.91 |
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): | 79.89 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 41.95 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 1.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.55 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 1.59 | |
| Zig ZAG (10): | 1.65 | |
| VORTEX (21): | 1.3700 | |
| Stochastique (14,3,5): | 97.44 | |
| TEMA (21): | 1.61 | |
| Williams %R (14): | -7.69 | |
| Chande Momentum Oscillator (20): | 0.10 | |
| Repulse (5,40,3): | 4.8200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 7.51 |
| MA7: | 1.60 | |
| MA20: | 1.70 | |
| MA50: | 1.72 | |
| MA100: | 1.41 | |
| MAexp7: | 1.60 | |
| MAexp20: | 1.56 | |
| MAexp50: | 1.55 | |
| MAexp100: | 1.55 | |
| Price / MA7: | +1.25% | |
| Price / MA20: | -4.71% | |
| Price / MA50: | -5.81% | |
| Price / MA100: | +14.89% | |
| Price / MAexp7: | +1.25% | |
| Price / MAexp20: | +3.85% | |
| Price / MAexp50: | +4.52% | |
| Price / MAexp100: | +4.52% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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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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