WAVES - WAVES/USD - 1H - Technical analysis published on 07/22/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 1.19 USD
My targets
1.25 USD (+4.17%)
1.43 USD (+18.92%)
My analysis
A bullish trend on WAVES - WAVES/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 1.19 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.25 USD. Then the price could move towards 1.43 USD. Then 2.26 USD by extension. Be careful, a return below 1.19 USD would be a sign of the trend weakening and a possible correction 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 could be riskier.
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
7.3
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Additional analysis
Quotes
The WAVES - WAVES/USD rating is 1.20 USD. The price registered an increase of +3.45% on the session and was traded between 1.15 USD and 1.24 USD over the period. The price is currently at +4.35% from its lowest and -3.23% from its highest.1.15
1.24
1.20
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of WAVES - WAVES/USD in 1H shows an overall bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
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 | 1.08 | 1.16 | 1.19 | 1.20 | 1.25 | 2.26 | 3.21 |
| Change (%) | -10.00% | -3.33% | -0.83% | - | +4.17% | +88.44% | +167.33% |
| Change | -0.12 | -0.04 | -0.01 | - | +0.05 | +1.06 | +2.01 |
| Level | Minor | Minor | Minor | - | Intermediate | Intermediate | Minor |
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 | 1.09 | 1.11 | 1.13 | 1.15 | 1.17 | 1.19 | 1.21 |
| Camarilla | 1.15 | 1.15 | 1.16 | 1.16 | 1.16 | 1.17 | 1.17 |
| Woodie | 1.10 | 1.11 | 1.14 | 1.15 | 1.18 | 1.19 | 1.22 |
| Fibonacci | 1.11 | 1.12 | 1.13 | 1.15 | 1.16 | 1.17 | 1.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.67 | 0.81 | 0.98 | 1.12 | 1.29 | 1.43 | 1.60 |
| Camarilla | 1.08 | 1.10 | 1.13 | 1.16 | 1.19 | 1.22 | 1.25 |
| Woodie | 0.70 | 0.82 | 1.01 | 1.13 | 1.32 | 1.44 | 1.63 |
| Fibonacci | 0.81 | 0.93 | 1.00 | 1.12 | 1.24 | 1.31 | 1.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.05 | -0.09 | 0.45 | 1.41 | 1.95 | 2.91 | 3.45 |
| Camarilla | 0.59 | 0.73 | 0.86 | 1.00 | 1.14 | 1.28 | 1.41 |
| Woodie | -1.25 | -0.20 | 0.25 | 1.31 | 1.75 | 2.81 | 3.25 |
| Fibonacci | -0.09 | 0.48 | 0.83 | 1.41 | 1.98 | 2.33 | 2.91 |
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): | 74.55 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 21.21 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 1.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.13 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 1.14 | |
| Zig ZAG (10): | 1.20 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 72.22 | |
| TEMA (21): | 1.19 | |
| Williams %R (14): | -41.67 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 7.73 |
| MA7: | 1.14 | |
| MA20: | 1.01 | |
| MA50: | 1.08 | |
| MA100: | 1.76 | |
| MAexp7: | 1.19 | |
| MAexp20: | 1.16 | |
| MAexp50: | 1.15 | |
| MAexp100: | 1.13 | |
| Price / MA7: | +5.26% | |
| Price / MA20: | +18.81% | |
| Price / MA50: | +11.11% | |
| Price / MA100: | -31.82% | |
| Price / MAexp7: | +0.84% | |
| Price / MAexp20: | +3.45% | |
| Price / MAexp50: | +4.35% | |
| Price / MAexp100: | +6.19% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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