WAVES - WAVES/USD - 1H - Technical analysis published on 09/23/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 25.09 USD
My targets
22.99 USD (-4.76%)
20.86 USD (-13.59%)
My analysis
There is a bearish trend on WAVES - WAVES/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 25.09 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 22.99 USD. Then the price could move towards 20.86 USD. Then 18.36 USD by extension. Be careful, a return to above the resistance 25.09 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.4
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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
WAVES - WAVES/USD rating 24.14 USD. The price registered a decrease of -2.19% on the session and was between 23.87 USD and 24.91 USD. This implies that the price is at +1.13% from its lowest and at -3.09% from its highest.23.87
24.91
24.14
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
A technical analysis in 1H of this WAVES - WAVES/USD chart shows a bearish trend. The signals given by moving averages are at 75.00% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.36 | 20.86 | 22.99 | 24.14 | 25.09 | 27.12 | 28.36 |
| Change (%) | -23.94% | -13.59% | -4.76% | - | +3.94% | +12.34% | +17.48% |
| Change | -5.78 | -3.28 | -1.15 | - | +0.95 | +2.98 | +4.22 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | 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 | 18.93 | 20.26 | 22.47 | 23.80 | 26.01 | 27.34 | 29.55 |
| Camarilla | 23.71 | 24.03 | 24.36 | 24.68 | 25.01 | 25.33 | 25.65 |
| Woodie | 19.37 | 20.48 | 22.91 | 24.02 | 26.45 | 27.56 | 29.99 |
| Fibonacci | 20.26 | 21.61 | 22.45 | 23.80 | 25.15 | 25.99 | 27.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.57 | 23.78 | 26.40 | 30.61 | 33.23 | 37.44 | 40.06 |
| Camarilla | 27.13 | 27.76 | 28.38 | 29.01 | 29.64 | 30.26 | 30.89 |
| Woodie | 18.77 | 23.38 | 25.60 | 30.21 | 32.43 | 37.04 | 39.26 |
| Fibonacci | 23.78 | 26.39 | 28.00 | 30.61 | 33.22 | 34.83 | 37.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.70 | 10.63 | 19.42 | 24.35 | 33.14 | 38.07 | 46.86 |
| Camarilla | 24.44 | 25.70 | 26.95 | 28.21 | 29.47 | 30.73 | 31.98 |
| Woodie | 7.63 | 11.60 | 21.35 | 25.32 | 35.07 | 39.04 | 48.79 |
| Fibonacci | 10.63 | 15.87 | 19.11 | 24.35 | 29.59 | 32.83 | 38.07 |
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): | 46.92 | |
| MACD (12,26,9): | 0.1300 | |
| Directional Movement: | -13.37 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 24.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.91 | |
| Elder Ray (13): | -0.31 | |
| Super Trend (3,10): | 23.74 | |
| Zig ZAG (10): | 24.14 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 42.68 | |
| TEMA (21): | 24.74 | |
| Williams %R (14): | -72.12 | |
| Chande Momentum Oscillator (20): | -0.52 | |
| Repulse (5,40,3): | -1.5400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 0.23 |
| MA7: | 25.63 | |
| MA20: | 28.36 | |
| MA50: | 25.27 | |
| MA100: | 20.09 | |
| MAexp7: | 24.48 | |
| MAexp20: | 24.45 | |
| MAexp50: | 24.28 | |
| MAexp100: | 24.91 | |
| Price / MA7: | -5.81% | |
| Price / MA20: | -14.88% | |
| Price / MA50: | -4.47% | |
| Price / MA100: | +20.16% | |
| Price / MAexp7: | -1.39% | |
| Price / MAexp20: | -1.27% | |
| Price / MAexp50: | -0.58% | |
| Price / MAexp100: | -3.09% |
Quotes :
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Real time data
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