WAX - WAXP/USD - 1H - Technical analysis published on 09/16/2022 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 0.092489 USD
My targets
0.088100 USD (-2.28%)
0.080810 USD (-10.37%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on WORLDWIDE ASSET EXCHANGE - WAXP/USD as long as the price remains well below 0.092489 USD. The next bearish objective for sellers is set at 0.088100 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 0.080810 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.7
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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 WORLDWIDE ASSET EXCHANGE - WAXP/USD price is 0.090160 USD. On the day, this instrument lost -0.01% and was traded between 0.088920 USD and 0.091290 USD over the period. The price is currently at +1.39% from its lowest and -1.24% from its highest.0.088920
0.091290
0.090160
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of WORLDWIDE ASSET EXCHANGE - WAXP/USD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Upside gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.080810 | 0.088100 | 0.089760 | 0.090160 | 0.092489 | 0.099530 | 0.103200 |
| Change (%) | -10.37% | -2.28% | -0.44% | - | +2.58% | +10.39% | +14.46% |
| Change | -0.009350 | -0.002060 | -0.000400 | - | +0.002329 | +0.009370 | +0.013040 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Minor |
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 | 0.085970 | 0.087770 | 0.088970 | 0.090770 | 0.091970 | 0.093770 | 0.094970 |
| Camarilla | 0.089345 | 0.089620 | 0.089895 | 0.090170 | 0.090445 | 0.090720 | 0.090995 |
| Woodie | 0.085670 | 0.087620 | 0.088670 | 0.090620 | 0.091670 | 0.093620 | 0.094670 |
| Fibonacci | 0.087770 | 0.088916 | 0.089624 | 0.090770 | 0.091916 | 0.092624 | 0.093770 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.077300 | 0.081800 | 0.090800 | 0.095300 | 0.104300 | 0.108800 | 0.117800 |
| Camarilla | 0.096088 | 0.097325 | 0.098563 | 0.099800 | 0.101038 | 0.102275 | 0.103513 |
| Woodie | 0.079550 | 0.082925 | 0.093050 | 0.096425 | 0.106550 | 0.109925 | 0.120050 |
| Fibonacci | 0.081800 | 0.086957 | 0.090143 | 0.095300 | 0.100457 | 0.103643 | 0.108800 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.010087 | 0.046213 | 0.072347 | 0.108473 | 0.134607 | 0.170733 | 0.196867 |
| Camarilla | 0.081359 | 0.087066 | 0.092773 | 0.098480 | 0.104187 | 0.109894 | 0.115602 |
| Woodie | 0.005090 | 0.043715 | 0.067350 | 0.105975 | 0.129610 | 0.168235 | 0.191870 |
| Fibonacci | 0.046213 | 0.069997 | 0.084690 | 0.108473 | 0.132257 | 0.146950 | 0.170733 |
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): | 59.54 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 12.888389 | |
| AROON (14): | -64.285714 | |
| DEMA (21): | 0.090193 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.088920 | |
| Elder Ray (13): | 0.000614 | |
| Super Trend (3,10): | 0.089648 | |
| Zig ZAG (10): | 0.091290 | |
| VORTEX (21): | 0.9504 | |
| Stochastique (14,3,5): | 56.06 | |
| TEMA (21): | 0.090493 | |
| Williams %R (14): | -32.67 | |
| Chande Momentum Oscillator (20): | 0.001130 | |
| Repulse (5,40,3): | 1.0823 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0466 | |
| Courbe Coppock: | 0.24 |
| MA7: | 0.095359 | |
| MA20: | 0.095659 | |
| MA50: | 0.105497 | |
| MA100: | 0.101058 | |
| MAexp7: | 0.090561 | |
| MAexp20: | 0.090438 | |
| MAexp50: | 0.091249 | |
| MAexp100: | 0.092831 | |
| Price / MA7: | -5.45% | |
| Price / MA20: | -5.75% | |
| Price / MA50: | -14.54% | |
| Price / MA100: | -10.78% | |
| Price / MAexp7: | -0.44% | |
| Price / MAexp20: | -0.31% | |
| Price / MAexp50: | -1.19% | |
| Price / MAexp100: | -2.88% |
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.
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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