Londinia Opportunities Analyses - 04/26/2024 (GMT) WOO NETWORK - WOO/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | WOOUSDT |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
83%
11%
My opinion
Bearish under 0.317999 USDT
My targets
0.298244 USDT (-3.95%)
0.291213 USDT (-6.22%)
My analysis
WOO NETWORK - WOO/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.317999 USDT. The next support located at 0.298244 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.291213 USDT. Below this support, sellers could then target 0.274525 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.2
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Additional analysis
Quotes
The WOO NETWORK - WOO/USDT price is 0.310521 USDT. The price registered a decrease of -3.92% on the session and was between 0.308191 USDT and 0.324137 USDT. This implies that the price is at +0.76% from its lowest and at -4.20% from its highest.0.308191
0.324137
0.310521
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this WOO NETWORK - WOO/USDT chart shows a sharp bearish trend. 89.29% 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.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.265036 | 0.274525 | 0.291213 | 0.310521 | 0.310580 | 0.317999 | 0.336183 |
| Change (%) | -14.65% | -11.59% | -6.22% | - | +0.02% | +2.41% | +8.26% |
| Change | -0.045485 | -0.035996 | -0.019308 | - | +0.000059 | +0.007478 | +0.025662 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | 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 | 0.290532 | 0.300368 | 0.311782 | 0.321618 | 0.333032 | 0.342868 | 0.354282 |
| Camarilla | 0.317353 | 0.319301 | 0.321249 | 0.323197 | 0.325145 | 0.327093 | 0.329041 |
| Woodie | 0.291322 | 0.300763 | 0.312572 | 0.322013 | 0.333822 | 0.343263 | 0.355072 |
| Fibonacci | 0.300368 | 0.308485 | 0.313500 | 0.321618 | 0.329735 | 0.334750 | 0.342868 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.221631 | 0.241381 | 0.278494 | 0.298244 | 0.335357 | 0.355107 | 0.392220 |
| Camarilla | 0.299970 | 0.305182 | 0.310395 | 0.315607 | 0.320819 | 0.326032 | 0.331244 |
| Woodie | 0.230313 | 0.245722 | 0.287176 | 0.302585 | 0.344039 | 0.359448 | 0.400902 |
| Fibonacci | 0.241381 | 0.263103 | 0.276522 | 0.298244 | 0.319966 | 0.333385 | 0.355107 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.156532 | 0.275003 | 0.382600 | 0.501071 | 0.608668 | 0.727139 | 0.834736 |
| Camarilla | 0.428027 | 0.448750 | 0.469473 | 0.490196 | 0.510919 | 0.531642 | 0.552365 |
| Woodie | 0.151094 | 0.272285 | 0.377162 | 0.498353 | 0.603230 | 0.724421 | 0.829298 |
| Fibonacci | 0.275003 | 0.361361 | 0.414713 | 0.501071 | 0.587429 | 0.640781 | 0.727139 |
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): | 36.31 | |
| MACD (12,26,9): | -0.0033 | |
| Directional Movement: | -15.915740 | |
| AROON (14): | -100.000000 | |
| DEMA (21): | 0.312396 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.321990 | |
| Elder Ray (13): | -0.004263 | |
| Super Trend (3,10): | 0.325663 | |
| Zig ZAG (10): | 0.308765 | |
| VORTEX (21): | 0.9038 | |
| Stochastique (14,3,5): | 12.03 | |
| TEMA (21): | 0.311440 | |
| Williams %R (14): | -93.31 | |
| Chande Momentum Oscillator (20): | -0.008129 | |
| Repulse (5,40,3): | -2.4022 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1203 | |
| Courbe Coppock: | 6.55 |
| MA7: | 0.317653 | |
| MA20: | 0.332794 | |
| MA50: | 0.420790 | |
| MA100: | 0.423101 | |
| MAexp7: | 0.313039 | |
| MAexp20: | 0.316616 | |
| MAexp50: | 0.321025 | |
| MAexp100: | 0.320728 | |
| Price / MA7: | -2.25% | |
| Price / MA20: | -6.69% | |
| Price / MA50: | -26.21% | |
| Price / MA100: | -26.61% | |
| Price / MAexp7: | -0.80% | |
| Price / MAexp20: | -1.93% | |
| Price / MAexp50: | -3.27% | |
| Price / MAexp100: | -3.18% |
Quotes :
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Real time data
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Cryptocompare