TETHER - USDT/USD - 1H - Technical analysis published on 11/20/2022 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 0.999500 USD
My targets
0.997800 USD (-0.11%)
0.995900 USD (-0.30%)
My analysis
The bearish basic trend is very strong on TETHER - USDT/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.999500 USD. Crossing the first support at 0.997800 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.995900 USD as an objective. Caution, a return to above the resistance located at 0.999500 USD would be a sign of a possible consolidation phase of 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5
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Additional analysis
Quotes
The TETHER - USDT/USD price is 0.998900 USD. The price registered an increase of +0.00% on the session with the lowest point at 0.998700 USD and the highest point at 0.999000 USD. The deviation from the price is +0.02% for the low point and -0.01% for the high point.0.998700
0.999000
0.998900
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:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of TETHER - USDT/USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.996500 | 0.997800 | 0.998430 | 0.998900 | 0.998923 | 0.999500 | 0.999907 |
| Change (%) | -0.24% | -0.11% | -0.05% | - | +0.00% | +0.06% | +0.10% |
| Change | -0.002400 | -0.001100 | -0.000470 | - | +0.000023 | +0.000600 | +0.001007 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.998300 | 0.998500 | 0.998700 | 0.998900 | 0.999100 | 0.999300 | 0.999500 |
| Camarilla | 0.998790 | 0.998827 | 0.998863 | 0.998900 | 0.998937 | 0.998973 | 0.999010 |
| Woodie | 0.998300 | 0.998500 | 0.998700 | 0.998900 | 0.999100 | 0.999300 | 0.999500 |
| Fibonacci | 0.998500 | 0.998653 | 0.998747 | 0.998900 | 0.999053 | 0.999147 | 0.999300 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.996967 | 0.997633 | 0.998267 | 0.998933 | 0.999567 | 1.000233 | 1.000867 |
| Camarilla | 0.998543 | 0.998662 | 0.998781 | 0.998900 | 0.999019 | 0.999138 | 0.999258 |
| Woodie | 0.996950 | 0.997625 | 0.998250 | 0.998925 | 0.999550 | 1.000225 | 1.000850 |
| Fibonacci | 0.997633 | 0.998130 | 0.998437 | 0.998933 | 0.999430 | 0.999737 | 1.000233 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.12 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -17.138475 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.998870 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.999062 | |
| Elder Ray (13): | -0.000030 | |
| Super Trend (3,10): | 0.999292 | |
| Zig ZAG (10): | 0.998900 | |
| VORTEX (21): | 0.9167 | |
| Stochastique (14,3,5): | 41.67 | |
| TEMA (21): | 0.998848 | |
| Williams %R (14): | -75.00 | |
| Chande Momentum Oscillator (20): | 0.000000 | |
| Repulse (5,40,3): | 0.0242 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0004 | |
| Courbe Coppock: | 0.02 |
| MA7: | 0.999000 | |
| MA20: | 0.999445 | |
| MA50: | 0.999772 | |
| MA100: | 0.999872 | |
| MAexp7: | 0.998886 | |
| MAexp20: | 0.998899 | |
| MAexp50: | 0.998963 | |
| MAexp100: | 0.999035 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | -0.05% | |
| Price / MA50: | -0.09% | |
| Price / MA100: | -0.10% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.01% |
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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