WAVES - WAVES/USD - 1H - Technical analysis published on 03/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 3.43 USD
My targets
3.25 USD (-2.11%)
2.98 USD (-10.24%)
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 WAVES - WAVES/USD. As long as you are under the resistance located at 3.43 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 3.25 USD 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 2.98 USD as an objective. Crossing it would then enable sellers to target 2.49 USD. If the resistance 3.43 USD 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
WAVES - WAVES/USD rating 3.32 USD. The price has increased by +3.75% since the last closing and was traded between 3.18 USD and 3.32 USD over the period. The price is currently at +4.40% from its lowest and 0% from its highest.3.18
3.32
3.32
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this WAVES - WAVES/USD chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 2.49 | 2.98 | 3.25 | 3.32 | 3.43 | 3.57 | 4.00 |
| Change (%) | -25.00% | -10.24% | -2.11% | - | +3.31% | +7.53% | +20.48% |
| Change | -0.83 | -0.34 | -0.07 | - | +0.11 | +0.25 | +0.68 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Minor |
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 | 2.41 | 2.75 | 2.97 | 3.31 | 3.53 | 3.87 | 4.09 |
| Camarilla | 3.05 | 3.10 | 3.15 | 3.20 | 3.25 | 3.30 | 3.35 |
| Woodie | 2.36 | 2.72 | 2.92 | 3.28 | 3.48 | 3.84 | 4.04 |
| Fibonacci | 2.75 | 2.96 | 3.09 | 3.31 | 3.52 | 3.65 | 3.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.18 | 2.20 | 2.96 | 3.98 | 4.74 | 5.76 | 6.52 |
| Camarilla | 3.24 | 3.40 | 3.57 | 3.73 | 3.89 | 4.06 | 4.22 |
| Woodie | 1.06 | 2.14 | 2.84 | 3.92 | 4.62 | 5.70 | 6.40 |
| Fibonacci | 2.20 | 2.88 | 3.30 | 3.98 | 4.66 | 5.08 | 5.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.33 | 1.67 | 2.18 | 2.52 | 3.03 | 3.37 | 3.88 |
| Camarilla | 2.47 | 2.54 | 2.62 | 2.70 | 2.78 | 2.86 | 2.93 |
| Woodie | 1.43 | 1.71 | 2.28 | 2.56 | 3.13 | 3.41 | 3.98 |
| Fibonacci | 1.67 | 1.99 | 2.19 | 2.52 | 2.84 | 3.04 | 3.37 |
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): | 38.60 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -18.85 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 3.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.39 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 3.43 | |
| Zig ZAG (10): | 3.26 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 34.48 | |
| TEMA (21): | 3.24 | |
| Williams %R (14): | -51.72 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | 2.7600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3000 | |
| Courbe Coppock: | 1.89 |
| MA7: | 3.77 | |
| MA20: | 3.50 | |
| MA50: | 2.77 | |
| MA100: | 2.63 | |
| MAexp7: | 3.26 | |
| MAexp20: | 3.31 | |
| MAexp50: | 3.46 | |
| MAexp100: | 3.63 | |
| Price / MA7: | -11.94% | |
| Price / MA20: | -5.14% | |
| Price / MA50: | +19.86% | |
| Price / MA100: | +26.24% | |
| Price / MAexp7: | +1.84% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | -4.05% | |
| Price / MAexp100: | -8.54% |
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.
About author
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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…
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