TETHER - USDT/USD - 1H - Technical analysis published on 06/28/2024 (GMT)
- 983
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 0.999291 USD
My targets
0.980800 USD (-1.75%)
0.950000 USD (-4.83%)
My analysis
All elements being clearly 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 0.999291 USD. The sellers' bearish objective is set at 0.980800 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.950000 USD. In case of crossing, the next objective would be the support located at 0.913539 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.3
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 rating is 0.998228 USD. On the day, this instrument lost -0.05% and was between 0.998112 USD and 0.999226 USD. This implies that the price is at +0.01% from its lowest and at -0.10% from its highest.0.998112
0.999226
0.998228
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
Here is a more detailed summary of the historical variations registered by TETHER - USDT/USD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of TETHER - USDT/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel 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 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.913539 | 0.950000 | 0.980800 | 0.998228 | 0.998825 | 0.999291 | 0.999434 |
| Change (%) | -8.48% | -4.83% | -1.75% | - | +0.06% | +0.11% | +0.12% |
| Change | -0.084689 | -0.048228 | -0.017428 | - | +0.000597 | +0.001063 | +0.001206 |
| Level | Major | Minor | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.997294 | 0.997880 | 0.998293 | 0.998879 | 0.999292 | 0.999878 | 1.000291 |
| Camarilla | 0.998431 | 0.998523 | 0.998614 | 0.998706 | 0.998798 | 0.998889 | 0.998981 |
| Woodie | 0.997208 | 0.997837 | 0.998207 | 0.998836 | 0.999206 | 0.999835 | 1.000205 |
| Fibonacci | 0.997880 | 0.998262 | 0.998497 | 0.998879 | 0.999261 | 0.999496 | 0.999878 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.998449 | 0.998807 | 0.999329 | 0.999687 | 1.000209 | 1.000567 | 1.001089 |
| Camarilla | 0.999608 | 0.999689 | 0.999769 | 0.999850 | 0.999931 | 1.000011 | 1.000092 |
| Woodie | 0.998530 | 0.998848 | 0.999410 | 0.999728 | 1.000290 | 1.000608 | 1.001170 |
| Fibonacci | 0.998807 | 0.999144 | 0.999351 | 0.999687 | 1.000024 | 1.000231 | 1.000567 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.994741 | 0.996315 | 0.997680 | 0.999254 | 1.000619 | 1.002193 | 1.003558 |
| Camarilla | 0.998237 | 0.998506 | 0.998776 | 0.999045 | 0.999314 | 0.999584 | 0.999853 |
| Woodie | 0.994637 | 0.996263 | 0.997576 | 0.999202 | 1.000515 | 1.002141 | 1.003454 |
| Fibonacci | 0.996315 | 0.997438 | 0.998131 | 0.999254 | 1.000377 | 1.001070 | 1.002193 |
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): | 38.38 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -11.686907 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.998394 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.998701 | |
| Elder Ray (13): | -0.000234 | |
| Super Trend (3,10): | 0.998993 | |
| Zig ZAG (10): | 0.998322 | |
| VORTEX (21): | 0.9021 | |
| Stochastique (14,3,5): | 12.55 | |
| TEMA (21): | 0.998304 | |
| Williams %R (14): | -78.28 | |
| Chande Momentum Oscillator (20): | -0.000681 | |
| Repulse (5,40,3): | -0.0047 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0021 | |
| Courbe Coppock: | 0.12 |
| MA7: | 0.999328 | |
| MA20: | 0.999533 | |
| MA50: | 0.999683 | |
| MA100: | 0.999919 | |
| MAexp7: | 0.998384 | |
| MAexp20: | 0.998638 | |
| MAexp50: | 0.998927 | |
| MAexp100: | 0.999181 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | -0.13% | |
| Price / MA50: | -0.15% | |
| Price / MA100: | -0.17% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.10% |
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 TETHER - USDT/USD - 1H