WAVES - WAVES/USDT - 1H - Technical analysis published on 11/23/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 7.49 USDT
My targets
7.83 USDT (+1.95%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on WAVES - WAVES/USDT. As long as you are above the support located at 7.49 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 7.83 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 7.49 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.9
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This analysis was given by Addareea. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WAVES - WAVES/USDT rating is 7.68 USDT. The price has increased by +8.63% since the last closing and was between 7.07 USDT and 8.68 USDT. This implies that the price is at +8.63% from its lowest and at -11.52% from its highest.7.07
8.68
7.68
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on WAVES - WAVES/USDT were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of WAVES - WAVES/USDT in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 5.97 | 6.66 | 7.13 | 7.68 | 7.83 |
| Change (%) | -22.27% | -13.28% | -7.16% | - | +1.95% |
| Change | -1.71 | -1.02 | -0.55 | - | +0.15 |
| Level | Minor | Minor | 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 | 4.01 | 4.89 | 5.98 | 6.85 | 7.95 | 8.82 | 9.91 |
| Camarilla | 6.53 | 6.71 | 6.89 | 7.07 | 7.25 | 7.43 | 7.61 |
| Woodie | 4.12 | 4.94 | 6.09 | 6.91 | 8.06 | 8.87 | 10.02 |
| Fibonacci | 4.89 | 5.64 | 6.10 | 6.85 | 7.60 | 8.07 | 8.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.61 | 2.90 | 4.55 | 5.84 | 7.49 | 8.79 | 10.44 |
| Camarilla | 5.39 | 5.66 | 5.93 | 6.20 | 6.47 | 6.74 | 7.01 |
| Woodie | 1.79 | 2.99 | 4.73 | 5.93 | 7.67 | 8.88 | 10.61 |
| Fibonacci | 2.90 | 4.02 | 4.72 | 5.84 | 6.97 | 7.66 | 8.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.83 | 1.45 | 2.33 | 2.95 | 3.83 | 4.45 | 5.33 |
| Camarilla | 2.80 | 2.93 | 3.07 | 3.21 | 3.35 | 3.48 | 3.62 |
| Woodie | 0.96 | 1.51 | 2.46 | 3.01 | 3.96 | 4.51 | 5.46 |
| Fibonacci | 1.45 | 2.02 | 2.38 | 2.95 | 3.52 | 3.88 | 4.45 |
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): | 55.27 | |
| MACD (12,26,9): | 0.2700 | |
| Directional Movement: | 11.20 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 8.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.59 | |
| Elder Ray (13): | -0.11 | |
| Super Trend (3,10): | 7.25 | |
| Zig ZAG (10): | 7.76 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 48.18 | |
| TEMA (21): | 8.18 | |
| Williams %R (14): | -62.72 | |
| Chande Momentum Oscillator (20): | 0.24 | |
| Repulse (5,40,3): | -3.0300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.6800 | |
| Courbe Coppock: | 15.77 |
| MA7: | 6.24 | |
| MA20: | 4.69 | |
| MA50: | 3.60 | |
| MA100: | 3.23 | |
| MAexp7: | 7.96 | |
| MAexp20: | 7.78 | |
| MAexp50: | 7.26 | |
| MAexp100: | 6.71 | |
| Price / MA7: | +23.08% | |
| Price / MA20: | +63.75% | |
| Price / MA50: | +113.33% | |
| Price / MA100: | +137.77% | |
| Price / MAexp7: | -3.52% | |
| Price / MAexp20: | -1.29% | |
| Price / MAexp50: | +5.79% | |
| Price / MAexp100: | +14.46% |
Quotes :
2020-11-23 15:50:27
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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.
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