TETHER - USDT/USD - 1H - Technical analysis published on 11/16/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
28%
6%
67%
My opinion
Bullish above 0.998430 USD
My targets
1.001000 USD (+0.19%)
1.010000 USD (+1.09%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TETHER - USDT/USD as long as the price remains well above 0.998430 USD. The buyers' bullish objective is set at 1.001000 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.010000 USD. If there is any crossing, the next objective would be the resistance located at 1.017000 USD.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.4
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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 TETHER - USDT/USD rating is 0.999100 USD. On the day, this instrument lost -0.01% and was traded between 0.998900 USD and 0.999500 USD over the period. The price is currently at +0.02% from its lowest and -0.04% from its highest.0.998900
0.999500
0.999100
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on TETHER - USDT/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of TETHER - USDT/USD in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.997800 | 0.998430 | 0.998923 | 0.999100 | 0.999907 | 1.001000 | 1.002000 |
| Change (%) | -0.13% | -0.07% | -0.02% | - | +0.08% | +0.19% | +0.29% |
| Change | -0.001300 | -0.000670 | -0.000177 | - | +0.000807 | +0.001900 | +0.002900 |
| Level | Intermediate | Intermediate | Minor | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.998100 | 0.998400 | 0.998800 | 0.999100 | 0.999500 | 0.999800 | 1.000200 |
| Camarilla | 0.999008 | 0.999072 | 0.999136 | 0.999200 | 0.999264 | 0.999328 | 0.999393 |
| Woodie | 0.998150 | 0.998425 | 0.998850 | 0.999125 | 0.999550 | 0.999825 | 1.000250 |
| Fibonacci | 0.998400 | 0.998667 | 0.998833 | 0.999100 | 0.999367 | 0.999533 | 0.999800 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.903833 | 0.939367 | 0.968933 | 1.004467 | 1.034033 | 1.069567 | 1.099133 |
| Camarilla | 0.980598 | 0.986565 | 0.992533 | 0.998500 | 1.004468 | 1.010435 | 1.016403 |
| Woodie | 0.900850 | 0.937875 | 0.965950 | 1.002975 | 1.031050 | 1.068075 | 1.096150 |
| Fibonacci | 0.939367 | 0.964235 | 0.979599 | 1.004467 | 1.029335 | 1.044699 | 1.069567 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.996500 | 0.997600 | 0.998800 | 0.999900 | 1.001100 | 1.002200 | 1.003400 |
| Camarilla | 0.999368 | 0.999578 | 0.999789 | 1.000000 | 1.000211 | 1.000422 | 1.000633 |
| Woodie | 0.996550 | 0.997625 | 0.998850 | 0.999925 | 1.001150 | 1.002225 | 1.003450 |
| Fibonacci | 0.997600 | 0.998479 | 0.999021 | 0.999900 | 1.000779 | 1.001321 | 1.002200 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.55 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 7.279616 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.999125 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.998813 | |
| Elder Ray (13): | -0.000035 | |
| Super Trend (3,10): | 0.998584 | |
| Zig ZAG (10): | 0.999100 | |
| VORTEX (21): | 0.9796 | |
| Stochastique (14,3,5): | 50.00 | |
| TEMA (21): | 0.999110 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.000000 | |
| Repulse (5,40,3): | 0.0282 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0006 | |
| Courbe Coppock: | 0.00 |
| MA7: | 0.998886 | |
| MA20: | 0.999755 | |
| MA50: | 0.999892 | |
| MA100: | 0.999944 | |
| MAexp7: | 0.999101 | |
| MAexp20: | 0.999066 | |
| MAexp50: | 0.998988 | |
| MAexp100: | 0.999049 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | -0.08% | |
| Price / MA100: | -0.08% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.02% |
Quotes :
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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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