WAVES - WAVES/USD - 1H - Technical analysis published on 10/04/2021 (GMT)
- 284
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
28%
56%
17%
My opinion
Bearish under 26.54 USD
My targets
25.80 USD (-1.34%)
24.61 USD (-5.89%)
My analysis
The current short-term bearish acceleration registered on WAVES - WAVES/USD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 26.54 USD. Short-term sellers will use the support located at 25.80 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 24.61 USD. Crossing this support would then open the door for sellers to target 23.85 USD. Caution, if there is a return to below 26.54 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.7
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
The WAVES - WAVES/USD rating is 26.15 USD. The price registered a decrease of -3.40% on the session with the lowest point at 25.70 USD and the highest point at 27.19 USD. The deviation from the price is +1.75% for the low point and -3.82% for the high point.25.70
27.19
26.15
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this WAVES - WAVES/USD chart shows a neutral trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 3 are neutral and 10 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.85 | 24.61 | 25.80 | 26.15 | 26.54 | 27.33 | 32.16 |
| Change (%) | -8.80% | -5.89% | -1.34% | - | +1.49% | +4.51% | +22.98% |
| Change | -2.30 | -1.54 | -0.35 | - | +0.39 | +1.18 | +6.01 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | 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 | 23.10 | 24.46 | 25.76 | 27.12 | 28.42 | 29.78 | 31.08 |
| Camarilla | 26.34 | 26.58 | 26.83 | 27.07 | 27.31 | 27.56 | 27.80 |
| Woodie | 23.08 | 24.45 | 25.74 | 27.11 | 28.40 | 29.77 | 31.06 |
| Fibonacci | 24.46 | 25.47 | 26.10 | 27.12 | 28.13 | 28.76 | 29.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.04 | 20.07 | 23.21 | 25.24 | 28.38 | 30.41 | 33.55 |
| Camarilla | 24.94 | 25.41 | 25.89 | 26.36 | 26.83 | 27.31 | 27.78 |
| Woodie | 18.61 | 20.35 | 23.78 | 25.52 | 28.95 | 30.69 | 34.12 |
| Fibonacci | 20.07 | 22.04 | 23.26 | 25.24 | 27.21 | 28.43 | 30.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.49 | 12.68 | 18.46 | 26.65 | 32.43 | 40.62 | 46.40 |
| Camarilla | 20.41 | 21.69 | 22.97 | 24.25 | 25.53 | 26.81 | 28.09 |
| Woodie | 3.30 | 12.08 | 17.27 | 26.05 | 31.24 | 40.02 | 45.21 |
| Fibonacci | 12.68 | 18.01 | 21.31 | 26.65 | 31.98 | 35.28 | 40.62 |
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): | 40.95 | |
| MACD (12,26,9): | -0.2300 | |
| Directional Movement: | -18.39 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 26.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.41 | |
| Elder Ray (13): | -0.25 | |
| Super Trend (3,10): | 27.19 | |
| Zig ZAG (10): | 26.20 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 35.35 | |
| TEMA (21): | 26.01 | |
| Williams %R (14): | -63.76 | |
| Chande Momentum Oscillator (20): | -0.33 | |
| Repulse (5,40,3): | 0.6600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 5.56 |
| MA7: | 25.16 | |
| MA20: | 25.71 | |
| MA50: | 26.50 | |
| MA100: | 21.18 | |
| MAexp7: | 26.26 | |
| MAexp20: | 26.50 | |
| MAexp50: | 26.57 | |
| MAexp100: | 26.08 | |
| Price / MA7: | +3.93% | |
| Price / MA20: | +1.71% | |
| Price / MA50: | -1.32% | |
| Price / MA100: | +23.47% | |
| Price / MAexp7: | -0.42% | |
| Price / MAexp20: | -1.32% | |
| Price / MAexp50: | -1.58% | |
| Price / MAexp100: | +0.27% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis WAVES - WAVES/USD - 1H