WRAPPED BITCOIN - WBTC/USD

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Type:	Cryptocurrencies
Ticker:	WBTCUSD
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WRAPPED BITCOIN - WBTC/USD - 1H - Technical analysis published on 01/16/2025 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

39%

28%

33%

My opinion

Bullish above 98,738.41 USD

My targets

100,969.95 USD (+1.41%)

105,838.29 USD (+6.30%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on WRAPPED BITCOIN - WBTC/USD as long as the price remains well above 98,738.41 USD. The buyers' bullish objective is set at 100,969.95 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 105,838.29 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

5.7

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

Additional analysis

Quotes

The WRAPPED BITCOIN - WBTC/USD rating is 99,561.98 USD. The price registered a decrease of -0.28% on the session and was traded between 97,206.84 USD and 100,115.61 USD over the period. The price is currently at +2.42% from its lowest and -0.55% from its highest.

97,206.84

100,115.61

99,561.98

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:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this WRAPPED BITCOIN - WBTC/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : 1 hour

Bullish harami cross

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	93,595.81	95,998.65	98,738.41	99,561.98	105,838.29
Change (%)	-5.99%	-3.58%	-0.83%	-	+6.30%
Change	-5,966.17	-3,563.33	-823.57	-	+6,276.31
Level	Intermediate	Intermediate	Intermediate	-	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	92,794.83	94,404.40	97,124.45	98,734.02	101,454.07	103,063.64	105,783.69
Camarilla	98,653.87	99,050.75	99,447.63	99,844.51	100,241.39	100,638.27	101,035.16
Woodie	93,350.08	94,682.02	97,679.70	99,011.64	102,009.32	103,341.26	106,338.94
Fibonacci	94,404.40	96,058.31	97,080.10	98,734.02	100,387.93	101,409.72	103,063.64

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	77,815.67	84,357.02	89,392.81	95,934.16	100,969.95	107,511.30	112,547.09
Camarilla	91,244.89	92,306.12	93,367.36	94,428.60	95,489.84	96,551.08	97,612.31
Woodie	77,062.89	83,980.63	88,640.03	95,557.77	100,217.17	107,134.91	111,794.31
Fibonacci	84,357.02	88,779.49	91,511.69	95,934.16	100,356.63	103,088.83	107,511.30

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	70,360.12	80,756.37	87,210.04	97,606.29	104,059.96	114,456.21	120,909.88
Camarilla	89,029.98	90,574.56	92,119.13	93,663.71	95,208.29	96,752.86	98,297.44
Woodie	68,388.83	79,770.73	85,238.75	96,620.65	102,088.67	113,470.57	118,938.59
Fibonacci	80,756.37	87,193.04	91,169.62	97,606.29	104,042.96	108,019.54	114,456.21

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	51.32
MACD (12,26,9):	172.6200
Directional Movement:	-0.75
AROON (14):	21.43
DEMA (21):	98,986.40
Parabolic SAR (0,02-0,02-0,2):	97,358.30
Elder Ray (13):	-48.60
Super Trend (3,10):	97,876.45
Zig ZAG (10):	98,708.99
VORTEX (21):	0.9300
Stochastique (14,3,5):	70.75
TEMA (21):	98,703.80
Williams %R (14):	-42.36
Chande Momentum Oscillator (20):	-40.34
Repulse (5,40,3):	-0.0100
ROCnROLL:	-1
TRIX (15,9):	0.0300
Courbe Coppock:	0.40

MA7:	96,039.96
MA20:	95,851.10
MA50:	97,389.50
MA100:	87,085.79
MAexp7:	98,787.93
MAexp20:	98,695.17
MAexp50:	97,936.84
MAexp100:	96,917.30
Price / MA7:	+3.67%
Price / MA20:	+3.87%
Price / MA50:	+2.23%
Price / MA100:	+14.33%
Price / MAexp7:	+0.78%
Price / MAexp20:	+0.88%
Price / MAexp50:	+1.66%
Price / MAexp100:	+2.73%

Quotes : - Real time data - Cryptocompare

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

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Londinia AI

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