WAVES - WAVES/USDT - 1H - Technical analysis published on 11/30/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 6.88 USDT
My targets
7.83 USDT (+11.38%)
8.21 USDT (+16.79%)
My analysis
The basic bullish trend is very strong on WAVES - WAVES/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 6.88 USDT. Crossing the first resistance at 7.83 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 8.21 USDT as an objective. Crossing it would then enable buyers to target 8.68 USDT. Caution, a return to below 6.88 USDT would be a sign of a consolidation phase in 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.6
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Additional analysis
Quotes
The WAVES - WAVES/USDT price is 7.03 USDT. On the day, this instrument gained +0.00% and was traded between 6.88 USDT and 7.29 USDT over the period. The price is currently at +2.18% from its lowest and -3.57% from its highest.6.88
7.29
7.03
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.22 | 6.48 | 6.88 | 7.03 | 7.83 | 8.21 | 8.68 |
| Change (%) | -11.52% | -7.82% | -2.13% | - | +11.38% | +16.79% | +23.47% |
| Change | -0.81 | -0.55 | -0.15 | - | +0.80 | +1.18 | +1.65 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Intermediate |
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 | 5.67 | 6.05 | 6.54 | 6.92 | 7.41 | 7.79 | 8.28 |
| Camarilla | 6.80 | 6.88 | 6.96 | 7.04 | 7.12 | 7.19 | 7.27 |
| Woodie | 5.73 | 6.08 | 6.60 | 6.95 | 7.47 | 7.82 | 8.34 |
| Fibonacci | 6.05 | 6.38 | 6.59 | 6.92 | 7.25 | 7.46 | 7.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.17 | 3.89 | 5.24 | 6.96 | 8.31 | 10.03 | 11.38 |
| Camarilla | 5.74 | 6.03 | 6.31 | 6.59 | 6.87 | 7.15 | 7.43 |
| Woodie | 1.99 | 3.80 | 5.05 | 6.87 | 8.12 | 9.93 | 11.19 |
| Fibonacci | 3.89 | 5.06 | 5.79 | 6.96 | 8.13 | 8.85 | 10.03 |
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): | 57.69 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 6.66 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 7.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.90 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 6.79 | |
| Zig ZAG (10): | 7.07 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 65.77 | |
| TEMA (21): | 7.05 | |
| Williams %R (14): | -23.94 | |
| Chande Momentum Oscillator (20): | 0.12 | |
| Repulse (5,40,3): | 0.4400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 0.32 |
| MA7: | 6.78 | |
| MA20: | 5.83 | |
| MA50: | 4.22 | |
| MA100: | 3.44 | |
| MAexp7: | 7.05 | |
| MAexp20: | 7.01 | |
| MAexp50: | 6.89 | |
| MAexp100: | 6.81 | |
| Price / MA7: | +3.69% | |
| Price / MA20: | +20.58% | |
| Price / MA50: | +66.59% | |
| Price / MA100: | +104.36% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | +2.03% | |
| Price / MAexp100: | +3.23% |
Quotes :
2020-11-30 21:27:12
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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