WAVES - WAVES/USDT - Weekly - Technical analysis published on 12/15/2020 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 7.83 USDT
My targets
9.49 USDT (+13.15%)
11.90 USDT (+41.85%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on WAVES - WAVES/USDT as long as the price remains well above 7.83 USDT. The buyers” bullish objective is set at 9.49 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.90 USDT. If there is any crossing, the next objective would be the resistance located at 15.13 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by dallas28. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
WAVES - WAVES/USDT rating 8.39 USDT. Over 5 days, this instrument lost -1.84% and was traded between 7.68 USDT and 8.94 USDT over the period. The price is currently at +9.27% from its lowest point and -6.18% from its highest point.7.68
8.94
8.39
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Weekly chart of WAVES - WAVES/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Weekly
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : Weekly
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 3.25 | 4.42 | 7.83 | 8.39 |
| Change (%) | -61.26% | -47.32% | -6.67% | - |
| Change | -5.14 | -3.97 | -0.56 | - |
| Level | Minor | 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 | 7.84 | 8.09 | 8.36 | 8.60 | 8.87 | 9.11 | 9.38 |
| Camarilla | 8.48 | 8.53 | 8.58 | 8.62 | 8.67 | 8.72 | 8.76 |
| Woodie | 7.86 | 8.09 | 8.37 | 8.61 | 8.88 | 9.12 | 9.39 |
| Fibonacci | 8.09 | 8.29 | 8.41 | 8.60 | 8.80 | 8.92 | 9.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.37 | 6.32 | 7.40 | 8.34 | 9.42 | 10.37 | 11.44 |
| Camarilla | 7.92 | 8.10 | 8.29 | 8.47 | 8.66 | 8.84 | 9.03 |
| Woodie | 5.44 | 6.35 | 7.46 | 8.38 | 9.48 | 10.40 | 11.51 |
| Fibonacci | 6.32 | 7.09 | 7.57 | 8.34 | 9.12 | 9.59 | 10.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.77 | 0.64 | 3.86 | 6.27 | 9.49 | 11.90 | 15.13 |
| Camarilla | 5.54 | 6.05 | 6.57 | 7.09 | 7.60 | 8.12 | 8.63 |
| Woodie | -1.37 | 0.84 | 4.27 | 6.47 | 9.90 | 12.11 | 15.54 |
| Fibonacci | 0.64 | 2.79 | 4.12 | 6.27 | 8.42 | 9.75 | 11.90 |
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): | 88.08 | |
| MACD (12,26,9): | 1.5900 | |
| Directional Movement: | 39.84 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 6.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.56 | |
| Elder Ray (13): | 3.02 | |
| Super Trend (3,10): | 4.81 | |
| Zig ZAG (10): | 8.40 | |
| VORTEX (21): | 1.2700 | |
| Stochastique (14,3,5): | 89.38 | |
| TEMA (21): | 7.57 | |
| Williams %R (14): | -12.10 | |
| Chande Momentum Oscillator (20): | 5.91 | |
| Repulse (5,40,3): | 20.8800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 6.7200 | |
| Courbe Coppock: | 321.54 |
| MA7: | 8.42 | |
| MA20: | 7.69 | |
| MA50: | 5.74 | |
| MA100: | 4.17 | |
| MAexp7: | 6.82 | |
| MAexp20: | 4.65 | |
| MAexp50: | 3.07 | |
| MAexp100: | 2.56 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | +9.10% | |
| Price / MA50: | +46.17% | |
| Price / MA100: | +101.20% | |
| Price / MAexp7: | +23.02% | |
| Price / MAexp20: | +80.43% | |
| Price / MAexp50: | +173.29% | |
| Price / MAexp100: | +227.73% |
Quotes :
2020-12-15 13:36:34
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Real time data
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Cryptocompare
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