THETA NETWORK - THETA/USDT - Daily - Technical analysis published on 07/25/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 7.42 USDT
My targets
5.92 USDT (-3.11%)
4.74 USDT (-22.37%)
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 THETA - THETA/USDT. As long as you are under the resistance located at 7.42 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 5.92 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 4.74 USDT as an objective. Crossing it would then enable sellers to target 3.71 USDT. If the resistance 7.42 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.5
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The THETA - THETA/USDT rating is 6.11 USDT. The price has increased by +8.91% since the last closing and was traded between 5.48 USDT and 6.26 USDT over the period. The price is currently at +11.50% from its lowest and -2.40% from its highest.5.48
6.26
6.11
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
Technical
Technical analysis of this Daily chart of THETA - THETA/USDT indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.40 | 3.71 | 5.92 | 6.11 | 8.66 | 13.15 | 14.20 |
| Change (%) | -60.72% | -39.28% | -3.11% | - | +41.73% | +115.22% | +132.41% |
| Change | -3.71 | -2.40 | -0.19 | - | +2.55 | +7.04 | +8.09 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.21 | 4.55 | 5.08 | 5.42 | 5.95 | 6.29 | 6.82 |
| Camarilla | 5.37 | 5.45 | 5.53 | 5.61 | 5.69 | 5.77 | 5.85 |
| Woodie | 4.31 | 4.60 | 5.18 | 5.47 | 6.05 | 6.34 | 6.92 |
| Fibonacci | 4.55 | 4.88 | 5.09 | 5.42 | 5.75 | 5.96 | 6.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.89 | 2.70 | 4.15 | 4.96 | 6.41 | 7.22 | 8.67 |
| Camarilla | 4.99 | 5.20 | 5.40 | 5.61 | 5.82 | 6.02 | 6.23 |
| Woodie | 2.22 | 2.86 | 4.48 | 5.12 | 6.74 | 7.38 | 9.00 |
| Fibonacci | 2.70 | 3.56 | 4.09 | 4.96 | 5.82 | 6.35 | 7.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.10 | 2.58 | 4.74 | 7.42 | 9.58 | 12.26 | 14.42 |
| Camarilla | 5.58 | 6.02 | 6.47 | 6.91 | 7.35 | 7.80 | 8.24 |
| Woodie | -0.35 | 2.45 | 4.49 | 7.29 | 9.33 | 12.13 | 14.17 |
| Fibonacci | 2.58 | 4.43 | 5.57 | 7.42 | 9.27 | 10.41 | 12.26 |
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): | 56.18 | |
| MACD (12,26,9): | -0.4200 | |
| Directional Movement: | 3.65 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 4.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.62 | |
| Elder Ray (13): | 0.74 | |
| Super Trend (3,10): | 3.95 | |
| Zig ZAG (10): | 6.12 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 78.31 | |
| TEMA (21): | 4.80 | |
| Williams %R (14): | -5.44 | |
| Chande Momentum Oscillator (20): | 0.83 | |
| Repulse (5,40,3): | 28.9200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.5100 | |
| Courbe Coppock: | 29.30 |
| MA7: | 4.82 | |
| MA20: | 5.22 | |
| MA50: | 6.72 | |
| MA100: | 8.09 | |
| MAexp7: | 5.20 | |
| MAexp20: | 5.33 | |
| MAexp50: | 6.34 | |
| MAexp100: | 7.05 | |
| Price / MA7: | +26.76% | |
| Price / MA20: | +17.05% | |
| Price / MA50: | -9.08% | |
| Price / MA100: | -24.47% | |
| Price / MAexp7: | +17.50% | |
| Price / MAexp20: | +14.63% | |
| Price / MAexp50: | -3.63% | |
| Price / MAexp100: | -13.33% |
Quotes :
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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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