WAVES - WAVES/USDT - 15 min. - Technical analysis published on 11/25/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 7.49 USDT
My targets
6.80 USDT (-1.82%)
6.29 USDT (-9.21%)
My analysis
WAVES - WAVES/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 7.49 USDT. The next support located at 6.80 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 6.29 USDT. Below this support, sellers could then target 5.76 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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This analysis was given by BCFI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WAVES - WAVES/USDT rating is 6.93 USDT. The price registered a decrease of -8.21% on the session with the lowest point at 6.82 USDT and the highest point at 7.69 USDT. The deviation from the price is +1.61% for the low point and -9.88% for the high point.6.82
7.69
6.93
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:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of WAVES - WAVES/USDT in 15 min. shows a overall strongly bearish trend. 89.29% 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.
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Three white soldiers
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.02 | 5.76 | 6.81 | 6.93 | 7.83 | 8.21 | 8.68 |
| Change (%) | -27.56% | -16.88% | -1.73% | - | +12.99% | +18.47% | +25.25% |
| Change | -1.91 | -1.17 | -0.12 | - | +0.90 | +1.28 | +1.75 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.29 | 6.80 | 7.18 | 7.69 | 8.06 | 8.58 | 8.95 |
| Camarilla | 7.31 | 7.39 | 7.47 | 7.55 | 7.63 | 7.72 | 7.80 |
| Woodie | 6.22 | 6.77 | 7.11 | 7.66 | 8.00 | 8.54 | 8.88 |
| Fibonacci | 6.80 | 7.14 | 7.35 | 7.69 | 8.03 | 8.24 | 8.58 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 33.25 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | -25.52 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 7.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.13 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 7.21 | |
| Zig ZAG (10): | 7.03 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 38.77 | |
| TEMA (21): | 6.95 | |
| Williams %R (14): | -63.92 | |
| Chande Momentum Oscillator (20): | -0.31 | |
| Repulse (5,40,3): | -0.6500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 9.23 |
| MA7: | 6.89 | |
| MA20: | 5.09 | |
| MA50: | 3.80 | |
| MA100: | 3.29 | |
| MAexp7: | 7.02 | |
| MAexp20: | 7.19 | |
| MAexp50: | 7.32 | |
| MAexp100: | 7.42 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | +36.15% | |
| Price / MA50: | +82.37% | |
| Price / MA100: | +110.64% | |
| Price / MAexp7: | -1.28% | |
| Price / MAexp20: | -3.62% | |
| Price / MAexp50: | -5.33% | |
| Price / MAexp100: | -6.60% |
Quotes :
2020-11-25 21:57:46
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Real time data
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Cryptocompare
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