THETA NETWORK - THETA/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	THETAUSDT
ISIN:

THETA NETWORK - THETA/USDT - Weekly - Technical analysis published on 02/18/2022 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 3.66 USDT

My targets

2.40 USDT (-29.82%)

1.73 USDT (-49.33%)

My analysis

In the short term, we can see an acceleration in the bearish trend on THETA - THETA/USDT, which is a positive signal for sellers. As long as the price remains above 3.66 USDT, a sale could be considered. The first bearish objective is located at 2.40 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.73 USDT as an objective. Crossing it would then enable sellers to target 0.78 USDT. If the price were to return above 3.66 USDT, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

5.2

Comment on the analysis

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 SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

THETA - THETA/USDT rating 3.42 USDT. The price registered a decrease of -13.44% over 5 days with the lowest point at 3.45 USDT and the highest point at 3.94 USDT. The deviation from the price is -0.90% for the low point and -13.13% for the high point.

3.45

3.94

3.42

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:

Technical

Technical analysis of this Weekly chart of THETA - THETA/USDT indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Weekly

An assessment of technical indicators shows a bearish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Weekly

Near resistance of triangle

Type : Bearish

Timeframe : Weekly

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish engulfing lines

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.78	2.40	3.42	3.66	5.48	9.18
Change (%)	-77.19%	-29.82%	-	+7.02%	+60.23%	+168.42%
Change	-2.64	-1.02	-	+0.24	+2.06	+5.76
Level	Intermediate	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	2.68	3.04	3.24	3.60	3.80	4.16	4.36
Camarilla	3.29	3.34	3.39	3.44	3.49	3.54	3.59
Woodie	2.60	3.00	3.16	3.56	3.72	4.12	4.28
Fibonacci	3.04	3.25	3.39	3.60	3.81	3.95	4.16

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.16	2.70	3.29	3.83	4.42	4.96	5.55
Camarilla	3.58	3.68	3.79	3.89	3.99	4.10	4.20
Woodie	2.20	2.71	3.33	3.84	4.46	4.97	5.59
Fibonacci	2.70	3.13	3.40	3.83	4.26	4.53	4.96

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-1.23	0.53	1.73	3.49	4.69	6.45	7.65
Camarilla	2.13	2.40	2.67	2.94	3.21	3.48	3.75
Woodie	-1.50	0.39	1.46	3.35	4.42	6.31	7.38
Fibonacci	0.53	1.66	2.36	3.49	4.62	5.32	6.45

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):	40.82
MACD (12,26,9):	-0.8400
Directional Movement:	-1.30
AROON (14):	-78.57
DEMA (21):	3.73
Parabolic SAR (0,02-0,02-0,2):	6.36
Elder Ray (13):	-0.53
Super Trend (3,10):	7.28
Zig ZAG (10):	3.41
VORTEX (21):	0.9500
Stochastique (14,3,5):	22.61
TEMA (21):	3.01
Williams %R (14):	-78.31
Chande Momentum Oscillator (20):	-3.19
Repulse (5,40,3):	-15.1900
ROCnROLL:	2
TRIX (15,9):	-1.6200
Courbe Coppock:	86.27

MA7:	3.67
MA20:	3.42
MA50:	3.68
MA100:	4.62
MAexp7:	3.74
MAexp20:	4.73
MAexp50:	5.18
MAexp100:	4.27
Price / MA7:	-6.81%
Price / MA20:	-0%
Price / MA50:	-7.07%
Price / MA100:	-25.97%
Price / MAexp7:	-8.56%
Price / MAexp20:	-27.70%
Price / MAexp50:	-33.98%
Price / MAexp100:	-19.91%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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