TETHER - USDT/USD - Daily - Technical analysis published on 11/21/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 0.999907 USD
My targets
0.997800 USD (-0.08%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TETHER - USDT/USD as long as the price remains well below 0.999907 USD. The sellers' bearish objective is set at 0.997800 USD. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.3
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 TETHER - USDT/USD price is 0.998600 USD. The price registered a decrease of -0.01% on the session and was between 0.998600 USD and 0.998800 USD. This implies that the price is at 0% from its lowest and at -0.02% from its highest.0.998600
0.998800
0.998600
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TETHER - USDT/USD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this TETHER - USDT/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.995900 | 0.997800 | 0.998430 | 0.998600 | 0.998923 | 0.999907 | 1.001000 |
| Change (%) | -0.27% | -0.08% | -0.02% | - | +0.03% | +0.13% | +0.24% |
| Change | -0.002700 | -0.000800 | -0.000170 | - | +0.000323 | +0.001307 | +0.002400 |
| Level | Intermediate | Intermediate | Major | - | Major | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.998000 | 0.998300 | 0.998500 | 0.998800 | 0.999000 | 0.999300 | 0.999500 |
| Camarilla | 0.998563 | 0.998608 | 0.998654 | 0.998700 | 0.998746 | 0.998792 | 0.998838 |
| Woodie | 0.997950 | 0.998275 | 0.998450 | 0.998775 | 0.998950 | 0.999275 | 0.999450 |
| Fibonacci | 0.998300 | 0.998491 | 0.998609 | 0.998800 | 0.998991 | 0.999109 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.80 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | 44.582556 | |
| AROON (14): | 0 | |
| DEMA (21): | 0.998837 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.029177 | |
| Elder Ray (13): | -0.000335 | |
| Super Trend (3,10): | 1.007247 | |
| Zig ZAG (10): | 0.998600 | |
| VORTEX (21): | 0.9860 | |
| Stochastique (14,3,5): | 36.66 | |
| TEMA (21): | 0.998615 | |
| Williams %R (14): | -63.59 | |
| Chande Momentum Oscillator (20): | -0.003400 | |
| Repulse (5,40,3): | -0.0751 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0039 | |
| Courbe Coppock: | 0.24 |
| MA7: | 0.998929 | |
| MA20: | 0.999375 | |
| MA50: | 0.999742 | |
| MA100: | 0.999858 | |
| MAexp7: | 0.998867 | |
| MAexp20: | 0.999218 | |
| MAexp50: | 0.999582 | |
| MAexp100: | 0.999720 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | -0.08% | |
| Price / MA50: | -0.11% | |
| Price / MA100: | -0.13% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.11% |
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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