WAVES - WAVES/USD - 1H - Technical analysis published on 01/15/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 1.81 USD
My targets
1.88 USD (+2.17%)
1.96 USD (+6.52%)
My analysis
A bullish trend on WAVES - WAVES/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 1.81 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.88 USD. Then the price could move towards 1.96 USD. Then 2.03 USD by extension. Be careful, a return below 1.81 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
4.8
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 1.84 USD. The price is lower by -1.60% since the last closing and was between 1.76 USD and 1.87 USD. This implies that the price is at +4.55% from its lowest and at -1.60% from its highest.1.76
1.87
1.84
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this WAVES - WAVES/USD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.73 | 1.77 | 1.81 | 1.84 | 1.88 | 1.96 | 2.03 |
| Change (%) | -5.98% | -3.80% | -1.63% | - | +2.17% | +6.52% | +10.33% |
| Change | -0.11 | -0.07 | -0.03 | - | +0.04 | +0.12 | +0.19 |
| Level | Intermediate | Minor | Minor | - | 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 | 1.64 | 1.72 | 1.79 | 1.87 | 1.94 | 2.02 | 2.09 |
| Camarilla | 1.83 | 1.84 | 1.86 | 1.87 | 1.88 | 1.90 | 1.91 |
| Woodie | 1.65 | 1.72 | 1.80 | 1.87 | 1.95 | 2.02 | 2.10 |
| Fibonacci | 1.72 | 1.77 | 1.81 | 1.87 | 1.92 | 1.96 | 2.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.00 | 1.31 | 1.56 | 1.87 | 2.12 | 2.43 | 2.68 |
| Camarilla | 1.65 | 1.70 | 1.75 | 1.80 | 1.85 | 1.90 | 1.95 |
| Woodie | 0.96 | 1.30 | 1.52 | 1.86 | 2.08 | 2.42 | 2.64 |
| Fibonacci | 1.31 | 1.53 | 1.66 | 1.87 | 2.09 | 2.22 | 2.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.71 | 0.28 | 0.90 | 1.89 | 2.51 | 3.50 | 4.12 |
| Camarilla | 1.08 | 1.23 | 1.37 | 1.52 | 1.67 | 1.82 | 1.96 |
| Woodie | -0.90 | 0.19 | 0.72 | 1.80 | 2.33 | 3.41 | 3.94 |
| Fibonacci | 0.28 | 0.90 | 1.28 | 1.89 | 2.51 | 2.89 | 3.50 |
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): | 54.62 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 0.35 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 1.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.76 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 1.76 | |
| Zig ZAG (10): | 1.84 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 95.83 | |
| TEMA (21): | 1.81 | |
| Williams %R (14): | -12.50 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | 3.7200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 1.28 |
| MA7: | 1.84 | |
| MA20: | 1.72 | |
| MA50: | 1.84 | |
| MA100: | 1.51 | |
| MAexp7: | 1.82 | |
| MAexp20: | 1.81 | |
| MAexp50: | 1.81 | |
| MAexp100: | 1.81 | |
| Price / MA7: | -0% | |
| Price / MA20: | +6.98% | |
| Price / MA50: | -0% | |
| Price / MA100: | +21.85% | |
| Price / MAexp7: | +1.10% | |
| Price / MAexp20: | +1.66% | |
| Price / MAexp50: | +1.66% | |
| Price / MAexp100: | +1.66% |
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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