WAVES (X10) - WAVES/BTC

- BTC (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	WAVESBTC
ISIN:

WAVES (X10) - WAVES/BTC - Daily - Technical analysis published on 01/19/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Neutral

De fond: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 0.002162 BTC

My targets

0.001765 BTC (-12.88%)

0.001384 BTC (-31.69%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.002162 BTC remains possible. It is advisable to trade WAVES (X10) - WAVES/BTC with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.002162 BTC. The next bearish objective for sellers is set at 0.001765 BTC. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.001384 BTC. In case of crossing, the next objective would be the support located at 0.001066 BTC. PS: if there is a bullish break in the resistance located at 0.002162 BTC we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.1

Comment on the analysis

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 BCFI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The WAVES (X10) - WAVES/BTC rating is 0.002026 BTC. On the day, this instrument lost -5.33% with the lowest point at 0.001968 BTC and the highest point at 0.002140 BTC. The deviation from the price is +2.95% for the low point and -5.33% for the high point.

0.001968

0.002140

0.002026

A study of price movements over other periods shows the following variations:

Abnormal volumes on WAVES (X10) - WAVES/BTC were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of this Daily chart of WAVES (X10) - WAVES/BTC indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.001066	0.001384	0.001765	0.002026	0.002053	0.002425	0.002801
Change (%)	-47.38%	-31.69%	-12.88%	-	+1.33%	+19.69%	+38.25%
Change	-0.000960	-0.000642	-0.000261	-	+0.000027	+0.000399	+0.000775
Level	Intermediate	Minor	Intermediate	-	Major	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001699	0.001852	0.001996	0.002149	0.002293	0.002446	0.002590
Camarilla	0.002058	0.002086	0.002113	0.002140	0.002167	0.002195	0.002222
Woodie	0.001695	0.001850	0.001992	0.002147	0.002289	0.002444	0.002586
Fibonacci	0.001852	0.001966	0.002036	0.002149	0.002263	0.002333	0.002446

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001180	0.001342	0.001590	0.001752	0.002000	0.002162	0.002410
Camarilla	0.001725	0.001763	0.001800	0.001838	0.001876	0.001913	0.001951
Woodie	0.001223	0.001364	0.001633	0.001774	0.002043	0.002184	0.002453
Fibonacci	0.001342	0.001499	0.001595	0.001752	0.001909	0.002005	0.002162

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.001642	0.000212	0.001175	0.003029	0.003992	0.005846	0.006809
Camarilla	0.001364	0.001623	0.001881	0.002139	0.002397	0.002656	0.002914
Woodie	-0.002087	-0.000011	0.000731	0.002806	0.003548	0.005623	0.006365
Fibonacci	0.000212	0.001288	0.001953	0.003029	0.004105	0.004770	0.005846

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):	47.34
MACD (12,26,9):	-0.0002
Directional Movement:	2.933043
AROON (14):	64.285715
DEMA (21):	0.001630
Parabolic SAR (0,02-0,02-0,2):	0.001434
Elder Ray (13):	0.000173
Super Trend (3,10):	0.002268
Zig ZAG (10):	0.002010
VORTEX (21):	0.8975
Stochastique (14,3,5):	75.01
TEMA (21):	0.001742
Williams %R (14):	-31.07
Chande Momentum Oscillator (20):	0.000507
Repulse (5,40,3):	-0.2272
ROCnROLL:	-1
TRIX (15,9):	-2.0768
Courbe Coppock:	22.19

MA7:	0.001878
MA20:	0.001757
MA50:	0.002838
MA100:	0.002792
MAexp7:	0.001925
MAexp20:	0.001967
MAexp50:	0.002414
MAexp100:	0.002579
Price / MA7:	+7.88%
Price / MA20:	+15.31%
Price / MA50:	-28.61%
Price / MA100:	-27.44%
Price / MAexp7:	+5.25%
Price / MAexp20:	+3.00%
Price / MAexp50:	-16.07%
Price / MAexp100:	-21.44%

Quotes : 2021-01-19 21:30:28 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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