TETHER - USDT/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	USDTUSD
ISIN:

TETHER - USDT/USD - Daily - Technical analysis published on 11/29/2022 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

11%

28%

My opinion

Bearish under 1.001000 USD

My targets

0.998430 USD (-0.10%)

0.995900 USD (-0.35%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.001000 USD remains possible. It is advisable to trade TETHER - USDT/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.001000 USD. The next bearish objective for sellers is set at 0.998430 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.995900 USD. PS: if there is a bullish break in the resistance located at 1.001000 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

0.9

Comment on the analysis

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

TETHER - USDT/USD rating 0.999400 USD. On the day, this instrument lost -0.01% with the lowest point at 0.999400 USD and the highest point at 0.999600 USD. The deviation from the price is 0% for the low point and -0.02% for the high point.

0.999400

0.999600

0.999400

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of TETHER - USDT/USD in Daily shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

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 : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.997800	0.998430	0.998923	0.999400	0.999907	1.001000	1.002000
Change (%)	-0.16%	-0.10%	-0.05%	-	+0.05%	+0.16%	+0.26%
Change	-0.001600	-0.000970	-0.000477	-	+0.000507	+0.001600	+0.002600
Level	Intermediate	Intermediate	Major	-	Major	Major	Minor

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	0.998900	0.999100	0.999300	0.999500	0.999700	0.999900	1.000100
Camarilla	0.999390	0.999427	0.999463	0.999500	0.999537	0.999573	0.999610
Woodie	0.998900	0.999100	0.999300	0.999500	0.999700	0.999900	1.000100
Fibonacci	0.999100	0.999253	0.999347	0.999500	0.999653	0.999747	0.999900

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.997200	0.997700	0.998500	0.999000	0.999800	1.000300	1.001100
Camarilla	0.998943	0.999062	0.999181	0.999300	0.999419	0.999538	0.999658
Woodie	0.997350	0.997775	0.998650	0.999075	0.999950	1.000375	1.001250
Fibonacci	0.997700	0.998197	0.998503	0.999000	0.999497	0.999803	1.000300

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):	53.27
MACD (12,26,9):	-0.0001
Directional Movement:	40.691994
AROON (14):	50.000000
DEMA (21):	0.999121
Parabolic SAR (0,02-0,02-0,2):	1.021077
Elder Ray (13):	0.000306
Super Trend (3,10):	1.003981
Zig ZAG (10):	0.999500
VORTEX (21):	0.9941
Stochastique (14,3,5):	86.35
TEMA (21):	0.999210
Williams %R (14):	-13.33
Chande Momentum Oscillator (20):	0.000300
Repulse (5,40,3):	0.0038
ROCnROLL:	-1
TRIX (15,9):	-0.0028
Courbe Coppock:	0.06

MA7:	0.999300
MA20:	0.998935
MA50:	0.999628
MA100:	0.999801
MAexp7:	0.999321
MAexp20:	0.999268
MAexp50:	0.999498
MAexp100:	0.999655
Price / MA7:	+0.01%
Price / MA20:	+0.05%
Price / MA50:	-0.02%
Price / MA100:	-0.04%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.01%
Price / MAexp50:	-0.01%
Price / MAexp100:	-0.03%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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