WAVES - WAVES/USD - 1H - Technical analysis published on 06/16/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
17%
11%
My opinion
Bullish above 16.68 USD
My targets
18.67 USD (+10.17%)
20.59 USD (+21.46%)
My analysis
The bullish trend is currently very strong on WAVES - WAVES/USD. As long as the price remains above the support at 16.68 USD, you could try to benefit from the boom. The first bullish objective is located at 18.67 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 20.59 USD as an objective. Crossing it would then enable buyers to target 30.94 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WAVES - WAVES/USD rating is 16.95 USD. The price registered an increase of +2.17% on the session with the lowest point at 16.07 USD and the highest point at 17.56 USD. The deviation from the price is +5.48% for the low point and -3.47% for the high point.16.07
17.56
16.95
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 WAVES - WAVES/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.46 | 16.25 | 16.68 | 16.95 | 30.94 | 33.29 | 35.93 |
| Change (%) | -8.79% | -4.13% | -1.59% | - | +82.54% | +96.40% | +111.98% |
| Change | -1.49 | -0.70 | -0.27 | - | +13.99 | +16.34 | +18.98 |
| Level | Major | Minor | Intermediate | - | Minor | Minor | Major |
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 | 14.28 | 14.85 | 15.72 | 16.29 | 17.16 | 17.73 | 18.60 |
| Camarilla | 16.19 | 16.33 | 16.46 | 16.59 | 16.72 | 16.85 | 16.99 |
| Woodie | 14.43 | 14.93 | 15.87 | 16.37 | 17.31 | 17.81 | 18.75 |
| Fibonacci | 14.85 | 15.40 | 15.74 | 16.29 | 16.84 | 17.18 | 17.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.74 | 10.77 | 12.69 | 14.72 | 16.64 | 18.67 | 20.59 |
| Camarilla | 13.51 | 13.88 | 14.24 | 14.60 | 14.96 | 15.32 | 15.69 |
| Woodie | 8.68 | 10.74 | 12.63 | 14.69 | 16.58 | 18.64 | 20.53 |
| Fibonacci | 10.77 | 12.28 | 13.21 | 14.72 | 16.23 | 17.16 | 18.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -27.47 | -7.82 | 3.01 | 22.66 | 33.49 | 53.14 | 63.97 |
| Camarilla | 5.47 | 8.26 | 11.06 | 13.85 | 16.64 | 19.44 | 22.23 |
| Woodie | -31.87 | -10.03 | -1.39 | 20.46 | 29.09 | 50.94 | 59.57 |
| Fibonacci | -7.82 | 3.82 | 11.01 | 22.66 | 34.30 | 41.49 | 53.14 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.37 | |
| MACD (12,26,9): | 0.2000 | |
| Directional Movement: | 17.25 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 16.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.15 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 16.11 | |
| Zig ZAG (10): | 16.93 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 69.35 | |
| TEMA (21): | 16.91 | |
| Williams %R (14): | -42.95 | |
| Chande Momentum Oscillator (20): | 0.35 | |
| Repulse (5,40,3): | -0.4500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 3.62 |
| MA7: | 15.28 | |
| MA20: | 14.60 | |
| MA50: | 21.58 | |
| MA100: | 17.15 | |
| MAexp7: | 16.83 | |
| MAexp20: | 16.66 | |
| MAexp50: | 16.25 | |
| MAexp100: | 15.75 | |
| Price / MA7: | +10.93% | |
| Price / MA20: | +16.10% | |
| Price / MA50: | -21.46% | |
| Price / MA100: | -1.17% | |
| Price / MAexp7: | +0.71% | |
| Price / MAexp20: | +1.74% | |
| Price / MAexp50: | +4.31% | |
| Price / MAexp100: | +7.62% |
Quotes :
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Real time data
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