WAVES - WAVES/USD - 1H - Technical analysis published on 01/21/2020 (GMT)
- Who voted?
- 274
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.860000 USD
My targets
0.910000 USD (+3.41%)
0.970000 USD (+10.23%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on WAVES - WAVES/USD. This is a positive signal for buyers. As long as the price remains above 0.860000 USD, a purchase could be considered. The first bullish objective is located at 0.910000 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.970000 USD as an objective. Crossing it would then enable buyers to target 0.990000 USD. In the event of a return below 0.860000 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
6.8
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
WAVES - WAVES/USD rating 0.880000 USD. The price is lower by +1.15% since the last closing with the lowest point at 0.860000 USD and the highest point at 0.890000 USD. The deviation from the price is +2.33% for the low point and -1.12% for the high point.0.860000
0.890000
0.880000
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of WAVES - WAVES/USD indicates that the overall trend is bullish. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.530000 | 0.824000 | 0.860000 | 0.880000 | 0.880000 | 0.910000 | 0.970000 |
| Change (%) | -39.77% | -6.36% | -2.27% | 0% | - | +3.41% | +10.23% |
| Change | -0.350000 | -0.056000 | -0.020000 | 0 | - | +0.030000 | +0.090000 |
| Level | Minor | Major | Major | Major | - | 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 | 0.800000 | 0.830000 | 0.850000 | 0.880000 | 0.900000 | 0.930000 | 0.950000 |
| Camarilla | 0.856250 | 0.860833 | 0.865417 | 0.870000 | 0.874583 | 0.879167 | 0.883750 |
| Woodie | 0.795000 | 0.827500 | 0.845000 | 0.877500 | 0.895000 | 0.927500 | 0.945000 |
| Fibonacci | 0.830000 | 0.849100 | 0.860900 | 0.880000 | 0.899100 | 0.910900 | 0.930000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.650000 | 0.740000 | 0.810000 | 0.900000 | 0.970000 | 1.060000 | 1.130000 |
| Camarilla | 0.836000 | 0.850667 | 0.865333 | 0.880000 | 0.894667 | 0.909333 | 0.924000 |
| Woodie | 0.640000 | 0.735000 | 0.800000 | 0.895000 | 0.960000 | 1.055000 | 1.120000 |
| Fibonacci | 0.740000 | 0.801120 | 0.838880 | 0.900000 | 0.961120 | 0.998880 | 1.060000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.026667 | 0.246667 | 0.623333 | 0.896667 | 1.273333 | 1.546667 | 1.923333 |
| Camarilla | 0.821250 | 0.880833 | 0.940417 | 1.000000 | 1.059583 | 1.119167 | 1.178750 |
| Woodie | 0.025000 | 0.272500 | 0.675000 | 0.922500 | 1.325000 | 1.572500 | 1.975000 |
| Fibonacci | 0.246667 | 0.494967 | 0.648367 | 0.896667 | 1.144967 | 1.298367 | 1.546667 |
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): | 55.83 | |
| MACD (12,26,9): | 0.0024 | |
| Directional Movement: | 21.836878 | |
| AROON (14): | 28.571426 | |
| DEMA (21): | 0.873614 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.860600 | |
| Elder Ray (13): | 0.011715 | |
| Super Trend (3,10): | 0.850862 | |
| Zig ZAG (10): | 0.880000 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 77.78 | |
| TEMA (21): | 0.877221 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.020000 | |
| Repulse (5,40,3): | 0.3965 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0054 | |
| Courbe Coppock: | 2.41 |
| MA7: | 0.885714 | |
| MA20: | 0.882000 | |
| MA50: | 0.818200 | |
| MA100: | 0.781400 | |
| MAexp7: | 0.876812 | |
| MAexp20: | 0.871741 | |
| MAexp50: | 0.871951 | |
| MAexp100: | 0.873463 | |
| Price / MA7: | -0.65% | |
| Price / MA20: | -0.23% | |
| Price / MA50: | +7.55% | |
| Price / MA100: | +12.62% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +0.95% | |
| Price / MAexp50: | +0.92% | |
| Price / MAexp100: | +0.75% |
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