WRAPPED BITCOIN - WBTC/USD - 1H - Technical analysis published on 12/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
33%
56%
My opinion
Bullish above 43,129.40 USD
My targets
44,162.03 USD (+1.66%)
44,811.00 USD (+3.16%)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 43,129.40 USD remains possible. It is advisable to trade WRAPPED BITCOIN - WBTC/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 43,129.40 USD. The next bullish objective for buyers is set at 44,162.03 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 44,811.00 USD. If there is any crossing, the next objective would be the resistance located at 47,492.80 USD. PS: if there is a bearish break in the support located at 43,129.40 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.8
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.
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Additional analysis
Quotes
The WRAPPED BITCOIN - WBTC/USD rating is 43,439.62 USD. The price registered a decrease of -0.20% on the session and was traded between 43,105.90 USD and 44,969.80 USD over the period. The price is currently at +0.77% from its lowest and -3.40% from its highest.43,105.90
44,969.80
43,439.62
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by WRAPPED BITCOIN - WBTC/USD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of WRAPPED BITCOIN - WBTC/USD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 2 are bullish, 10 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 40,588.60 | 41,528.96 | 43,129.40 | 43,439.62 | 43,600.00 | 44,162.03 | 44,811.00 |
| Change (%) | -6.56% | -4.40% | -0.71% | - | +0.37% | +1.66% | +3.16% |
| Change | -2,851.02 | -1,910.66 | -310.22 | - | +160.38 | +722.41 | +1,371.38 |
| Level | Major | Major | Intermediate | - | Intermediate | Major | Minor |
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 | 39,536.05 | 40,847.78 | 42,187.54 | 43,499.27 | 44,839.03 | 46,150.76 | 47,490.52 |
| Camarilla | 42,798.14 | 43,041.19 | 43,284.25 | 43,527.30 | 43,770.35 | 44,013.41 | 44,256.46 |
| Woodie | 39,550.07 | 40,854.79 | 42,201.56 | 43,506.28 | 44,853.05 | 46,157.77 | 47,504.54 |
| Fibonacci | 40,847.78 | 41,860.65 | 42,486.40 | 43,499.27 | 44,512.14 | 45,137.89 | 46,150.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33,472.77 | 35,987.73 | 39,093.87 | 41,608.83 | 44,714.97 | 47,229.93 | 50,336.07 |
| Camarilla | 40,654.20 | 41,169.47 | 41,684.73 | 42,200.00 | 42,715.27 | 43,230.54 | 43,745.80 |
| Woodie | 33,768.35 | 36,135.53 | 39,389.45 | 41,756.63 | 45,010.55 | 47,377.73 | 50,631.65 |
| Fibonacci | 35,987.73 | 38,134.99 | 39,461.57 | 41,608.83 | 43,756.09 | 45,082.67 | 47,229.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29,599.90 | 31,625.00 | 34,715.70 | 36,740.80 | 39,831.50 | 41,856.60 | 44,947.30 |
| Camarilla | 36,399.56 | 36,868.50 | 37,337.45 | 37,806.40 | 38,275.35 | 38,744.30 | 39,213.25 |
| Woodie | 30,132.70 | 31,891.40 | 35,248.50 | 37,007.20 | 40,364.30 | 42,123.00 | 45,480.10 |
| Fibonacci | 31,625.00 | 33,579.24 | 34,786.56 | 36,740.80 | 38,695.04 | 39,902.36 | 41,856.60 |
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): | 47.99 | |
| MACD (12,26,9): | 53.6800 | |
| Directional Movement: | 5.22 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 43,749.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 44,615.50 | |
| Elder Ray (13): | 0.33 | |
| Super Trend (3,10): | 43,033.71 | |
| Zig ZAG (10): | 43,465.26 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 34.68 | |
| TEMA (21): | 43,598.75 | |
| Williams %R (14): | -68.10 | |
| Chande Momentum Oscillator (20): | -259.67 | |
| Repulse (5,40,3): | -1.0300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.23 |
| MA7: | 42,455.27 | |
| MA20: | 42,486.48 | |
| MA50: | 38,956.18 | |
| MA100: | 33,855.91 | |
| MAexp7: | 43,586.02 | |
| MAexp20: | 43,628.75 | |
| MAexp50: | 43,328.54 | |
| MAexp100: | 42,924.50 | |
| Price / MA7: | +2.32% | |
| Price / MA20: | +2.24% | |
| Price / MA50: | +11.51% | |
| Price / MA100: | +28.31% | |
| Price / MAexp7: | -0.34% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +1.20% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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