WRAPPED BITCOIN - WBTC/USD - 1H - Technical analysis published on 11/04/2023 (GMT)
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- 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
44%
17%
39%
My opinion
Neutral between 34,387.34 USD and 35,485.90 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 35,485.90 USD. The first support is located at 34,387.34 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.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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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 price is 34,710.71 USD. The price registered a decrease of -0.07% on the session with the lowest point at 34,557.70 USD and the highest point at 35,100.00 USD. The deviation from the price is +0.44% for the low point and -1.11% for the high point.34,557.70
35,100.00
34,710.71
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
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 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 : 20 days
Technical
Technical analysis of this 1H chart of WRAPPED BITCOIN - WBTC/USD indicates that the overall trend is slightly bullish. 50.00% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.
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 | 33,912.50 | 34,387.34 | 34,678.60 | 34,710.71 | 35,485.90 | 35,974.80 | 36,690.80 |
| Change (%) | -2.30% | -0.93% | -0.09% | - | +2.23% | +3.64% | +5.70% |
| Change | -798.21 | -323.37 | -32.11 | - | +775.19 | +1,264.09 | +1,980.09 |
| Level | Intermediate | Minor | Major | - | Minor | 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 | 33,504.12 | 33,816.14 | 34,275.85 | 34,587.87 | 35,047.58 | 35,359.60 | 35,819.31 |
| Camarilla | 34,523.32 | 34,594.07 | 34,664.81 | 34,735.55 | 34,806.29 | 34,877.03 | 34,947.78 |
| Woodie | 33,577.96 | 33,853.06 | 34,349.69 | 34,624.79 | 35,121.42 | 35,396.52 | 35,893.15 |
| Fibonacci | 33,816.14 | 34,110.94 | 34,293.07 | 34,587.87 | 34,882.67 | 35,064.80 | 35,359.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23,616.07 | 26,449.83 | 30,277.97 | 33,111.73 | 36,939.87 | 39,773.63 | 43,601.77 |
| Camarilla | 32,274.08 | 32,884.75 | 33,495.43 | 34,106.10 | 34,716.77 | 35,327.45 | 35,938.12 |
| Woodie | 24,113.25 | 26,698.43 | 30,775.15 | 33,360.33 | 37,437.05 | 40,022.23 | 44,098.95 |
| Fibonacci | 26,449.83 | 28,994.68 | 30,566.89 | 33,111.73 | 35,656.58 | 37,228.79 | 39,773.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18,630.21 | 22,369.30 | 28,496.61 | 32,235.70 | 38,363.01 | 42,102.10 | 48,229.41 |
| Camarilla | 31,910.65 | 32,815.07 | 33,719.49 | 34,623.91 | 35,528.33 | 36,432.75 | 37,337.17 |
| Woodie | 19,824.31 | 22,966.36 | 29,690.71 | 32,832.76 | 39,557.11 | 42,699.16 | 49,423.51 |
| Fibonacci | 22,369.30 | 26,138.27 | 28,466.74 | 32,235.70 | 36,004.67 | 38,333.14 | 42,102.10 |
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): | 51.63 | |
| MACD (12,26,9): | 34.4900 | |
| Directional Movement: | 10.66 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 34,751.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 34,744.29 | |
| Elder Ray (13): | 8.79 | |
| Super Trend (3,10): | 34,912.15 | |
| Zig ZAG (10): | 34,749.24 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 41.14 | |
| TEMA (21): | 34,813.58 | |
| Williams %R (14): | -64.04 | |
| Chande Momentum Oscillator (20): | 17.16 | |
| Repulse (5,40,3): | -0.5900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.66 |
| MA7: | 34,801.82 | |
| MA20: | 32,556.73 | |
| MA50: | 29,248.20 | |
| MA100: | 28,322.45 | |
| MAexp7: | 34,765.41 | |
| MAexp20: | 34,714.47 | |
| MAexp50: | 34,716.92 | |
| MAexp100: | 34,678.57 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | +6.62% | |
| Price / MA50: | +18.68% | |
| Price / MA100: | +22.56% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | +0.09% |
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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