THETA NETWORK - THETA/USDT - 1H - Technical analysis published on 05/14/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
50%
17%
33%
My opinion
Neutral between 9.77 USDT and 10.58 USDT
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 10.58 USDT. The first support is located at 9.77 USDT. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by THETA - THETA/USDT.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
THETA - THETA/USDT rating 10.20 USDT. On the day, this instrument gained +4.40% and was traded between 9.74 USDT and 10.45 USDT over the period. The price is currently at +4.72% from its lowest and -2.39% from its highest.9.74
10.45
10.20
Here is a more detailed summary of the historical variations registered by THETA - THETA/USDT:
Technical
Technical analysis of this 1H chart of THETA - THETA/USDT indicates that the overall trend is slightly bearish. 50.00% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.74 | 8.66 | 9.77 | 10.20 | 10.20 | 10.58 | 11.41 |
| Change (%) | -33.92% | -15.10% | -4.22% | 0% | - | +3.73% | +11.86% |
| Change | -3.46 | -1.54 | -0.43 | 0 | - | +0.38 | +1.21 |
| Level | Minor | Major | Intermediate | Intermediate | - | Intermediate | Intermediate |
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 | 7.13 | 7.80 | 8.79 | 9.46 | 10.45 | 11.12 | 12.11 |
| Camarilla | 9.31 | 9.47 | 9.62 | 9.77 | 9.92 | 10.07 | 10.23 |
| Woodie | 7.28 | 7.88 | 8.94 | 9.54 | 10.60 | 11.20 | 12.26 |
| Fibonacci | 7.80 | 8.44 | 8.83 | 9.46 | 10.10 | 10.49 | 11.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.47 | 8.79 | 10.54 | 11.86 | 13.61 | 14.93 | 16.68 |
| Camarilla | 11.45 | 11.73 | 12.01 | 12.29 | 12.57 | 12.85 | 13.13 |
| Woodie | 7.69 | 8.90 | 10.76 | 11.97 | 13.83 | 15.04 | 16.90 |
| Fibonacci | 8.79 | 9.96 | 10.69 | 11.86 | 13.03 | 13.76 | 14.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.07 | 3.17 | 7.18 | 11.42 | 15.43 | 19.67 | 23.68 |
| Camarilla | 8.91 | 9.67 | 10.42 | 11.18 | 11.94 | 12.69 | 13.45 |
| Woodie | -1.20 | 3.11 | 7.06 | 11.36 | 15.31 | 19.61 | 23.56 |
| Fibonacci | 3.17 | 6.33 | 8.27 | 11.42 | 14.58 | 16.52 | 19.67 |
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): | 54.53 | |
| MACD (12,26,9): | 0.1300 | |
| Directional Movement: | -2.08 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 10.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.63 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 9.59 | |
| Zig ZAG (10): | 10.19 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 57.85 | |
| TEMA (21): | 10.36 | |
| Williams %R (14): | -48.87 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | -0.5300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 9.09 |
| MA7: | 10.68 | |
| MA20: | 10.83 | |
| MA50: | 11.50 | |
| MA100: | 8.28 | |
| MAexp7: | 10.21 | |
| MAexp20: | 10.06 | |
| MAexp50: | 10.06 | |
| MAexp100: | 10.36 | |
| Price / MA7: | -4.49% | |
| Price / MA20: | -5.82% | |
| Price / MA50: | -11.30% | |
| Price / MA100: | +23.19% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | +1.39% | |
| Price / MAexp50: | +1.39% | |
| Price / MAexp100: | -1.54% |
Quotes :
-
Real time data
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Cryptocompare
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