WRAPPED BITCOIN - WBTC/USD - 1H - Technical analysis published on 10/07/2023 (GMT)
- 165
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
28%
33%
39%
My opinion
Neutral between 27,200.87 USD and 28,443.24 USD
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 28,443.24 USD. The first support is located at 27,200.87 USD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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 WRAPPED BITCOIN - WBTC/USD rating is 27,951.50 USD. The price is lower by -0.01% since the last closing and was traded between 27,877.00 USD and 28,293.40 USD over the period. The price is currently at +0.27% from its lowest and -1.21% from its highest.27,877.00
28,293.40
27,951.50
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of WRAPPED BITCOIN - WBTC/USD in 1H shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
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 | 26,214.80 | 26,870.61 | 27,200.87 | 27,951.50 | 28,016.66 | 28,443.24 | 28,741.10 |
| Change (%) | -6.21% | -3.87% | -2.69% | - | +0.23% | +1.76% | +2.82% |
| Change | -1,736.70 | -1,080.89 | -750.63 | - | +65.16 | +491.74 | +789.60 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | 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 | 25,091.47 | 25,978.73 | 26,966.97 | 27,854.23 | 28,842.47 | 29,729.73 | 30,717.97 |
| Camarilla | 27,439.44 | 27,611.36 | 27,783.28 | 27,955.20 | 28,127.12 | 28,299.04 | 28,470.96 |
| Woodie | 25,141.95 | 26,003.98 | 27,017.45 | 27,879.48 | 28,892.95 | 29,754.98 | 30,768.45 |
| Fibonacci | 25,978.73 | 26,695.17 | 27,137.79 | 27,854.23 | 28,570.67 | 29,013.29 | 29,729.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24,603.02 | 25,172.21 | 26,072.56 | 26,641.75 | 27,542.10 | 28,111.29 | 29,011.64 |
| Camarilla | 26,568.79 | 26,703.49 | 26,838.20 | 26,972.91 | 27,107.62 | 27,242.33 | 27,377.03 |
| Woodie | 24,768.60 | 25,255.00 | 26,238.14 | 26,724.54 | 27,707.68 | 28,194.08 | 29,177.22 |
| Fibonacci | 25,172.21 | 25,733.57 | 26,080.39 | 26,641.75 | 27,203.11 | 27,549.93 | 28,111.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22,982.51 | 23,969.14 | 25,471.03 | 26,457.66 | 27,959.55 | 28,946.18 | 30,448.07 |
| Camarilla | 26,288.57 | 26,516.68 | 26,744.80 | 26,972.91 | 27,201.02 | 27,429.14 | 27,657.25 |
| Woodie | 23,240.13 | 24,097.96 | 25,728.65 | 26,586.48 | 28,217.17 | 29,075.00 | 30,705.69 |
| Fibonacci | 23,969.14 | 24,919.76 | 25,507.05 | 26,457.66 | 27,408.28 | 27,995.57 | 28,946.18 |
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): | 49.75 | |
| MACD (12,26,9): | 73.1600 | |
| Directional Movement: | 17.52 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 28,110.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 28,540.88 | |
| Elder Ray (13): | -43.97 | |
| Super Trend (3,10): | 28,776.00 | |
| Zig ZAG (10): | 27,951.50 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 26.14 | |
| TEMA (21): | 28,106.15 | |
| Williams %R (14): | -84.45 | |
| Chande Momentum Oscillator (20): | -3.70 | |
| Repulse (5,40,3): | 0.6900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.38 |
| MA7: | 27,714.60 | |
| MA20: | 27,042.96 | |
| MA50: | 26,509.91 | |
| MA100: | 28,091.19 | |
| MAexp7: | 28,054.71 | |
| MAexp20: | 28,003.73 | |
| MAexp50: | 27,859.72 | |
| MAexp100: | 27,688.01 | |
| Price / MA7: | +0.85% | |
| Price / MA20: | +3.36% | |
| Price / MA50: | +5.44% | |
| Price / MA100: | -0.50% | |
| Price / MAexp7: | -0.37% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.95% |
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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