TETHER - USDT/USD - 1H - Technical analysis published on 09/12/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 0.999700 USD
My targets
0.998900 USD (-0.07%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on TETHER - USDT/USD as long as the price remains well below 0.999700 USD. The next bearish objective for sellers is set at 0.998900 USD. A bearish break of this support would revive the bearish momentum. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TETHER - USDT/USD price is 0.999600 USD. The price is lower by -0.02% since the last closing with the lowest point at 0.999600 USD and the highest point at 0.999900 USD. The deviation from the price is 0% for the low point and -0.03% for the high point.0.999600
0.999900
0.999600
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this TETHER - USDT/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 scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.998900 | 0.999400 | 0.999600 | 0.999600 | 0.999700 | 0.999900 |
| Change (%) | -0.07% | -0.02% | 0% | - | +0.01% | +0.03% |
| Change | -0.000700 | -0.000200 | 0 | - | +0.000100 | +0.000300 |
| Level | Minor | Minor | Intermediate | - | Major | 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 | 0.999333 | 0.999467 | 0.999633 | 0.999767 | 0.999933 | 1.000067 | 1.000233 |
| Camarilla | 0.999718 | 0.999745 | 0.999773 | 0.999800 | 0.999828 | 0.999855 | 0.999883 |
| Woodie | 0.999350 | 0.999475 | 0.999650 | 0.999775 | 0.999950 | 1.000075 | 1.000250 |
| Fibonacci | 0.999467 | 0.999581 | 0.999652 | 0.999767 | 0.999881 | 0.999952 | 1.000067 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.998033 | 0.998467 | 0.999133 | 0.999567 | 1.000233 | 1.000667 | 1.001333 |
| Camarilla | 0.999498 | 0.999598 | 0.999699 | 0.999800 | 0.999901 | 1.000002 | 1.000103 |
| Woodie | 0.998150 | 0.998525 | 0.999250 | 0.999625 | 1.000350 | 1.000725 | 1.001450 |
| Fibonacci | 0.998467 | 0.998887 | 0.999147 | 0.999567 | 0.999987 | 1.000247 | 1.000667 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.995500 | 0.996400 | 0.998200 | 0.999100 | 1.000900 | 1.001800 | 1.003600 |
| Camarilla | 0.999258 | 0.999505 | 0.999753 | 1.000000 | 1.000248 | 1.000495 | 1.000743 |
| Woodie | 0.995950 | 0.996625 | 0.998650 | 0.999325 | 1.001350 | 1.002025 | 1.004050 |
| Fibonacci | 0.996400 | 0.997431 | 0.998069 | 0.999100 | 1.000131 | 1.000769 | 1.001800 |
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): | 46.23 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 3.300923 | |
| AROON (14): | -7.142857 | |
| DEMA (21): | 0.999741 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.999600 | |
| Elder Ray (13): | -0.000095 | |
| Super Trend (3,10): | 0.999863 | |
| Zig ZAG (10): | 0.999700 | |
| VORTEX (21): | 0.9630 | |
| Stochastique (14,3,5): | 44.44 | |
| TEMA (21): | 0.999757 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | 0.000000 | |
| Repulse (5,40,3): | 0.0044 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.01 |
| MA7: | 0.999743 | |
| MA20: | 0.999745 | |
| MA50: | 0.999624 | |
| MA100: | 0.999827 | |
| MAexp7: | 0.999747 | |
| MAexp20: | 0.999743 | |
| MAexp50: | 0.999753 | |
| MAexp100: | 0.999759 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | -0.01% | |
| Price / MA50: | +0.00% | |
| Price / MA100: | -0.02% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | -0.02% |
Quotes :
-
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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