WAX - WAXP/USD - 1H - Technical analysis published on 12/22/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 0.049235 USD
My targets
0.051460 USD (+3.31%)
0.054686 USD (+9.79%)
My analysis
The basic bullish trend is very strong on WORLDWIDE ASSET EXCHANGE - WAXP/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.049235 USD. Crossing the first resistance at 0.051460 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.054686 USD as an objective. Crossing it would then enable buyers to target 0.057317 USD. Caution, a return to below 0.049235 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
WORLDWIDE ASSET EXCHANGE - WAXP/USD rating 0.049810 USD. The price registered an increase of +3.15% on the session with the lowest point at 0.048100 USD and the highest point at 0.049810 USD. The deviation from the price is +3.56% for the low point and 0% for the high point.0.048100
0.049810
0.049810
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this WORLDWIDE ASSET EXCHANGE - WAXP/USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
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 | 0.047310 | 0.048315 | 0.049235 | 0.049810 | 0.051460 | 0.054686 | 0.057317 |
| Change (%) | -5.02% | -3.00% | -1.15% | - | +3.31% | +9.79% | +15.07% |
| Change | -0.002500 | -0.001495 | -0.000575 | - | +0.001650 | +0.004876 | +0.007507 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | 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 | 0.042763 | 0.045137 | 0.046713 | 0.049087 | 0.050663 | 0.053037 | 0.054613 |
| Camarilla | 0.047204 | 0.047566 | 0.047928 | 0.048290 | 0.048652 | 0.049014 | 0.049376 |
| Woodie | 0.042365 | 0.044938 | 0.046315 | 0.048888 | 0.050265 | 0.052838 | 0.054215 |
| Fibonacci | 0.045137 | 0.046646 | 0.047578 | 0.049087 | 0.050596 | 0.051528 | 0.053037 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.032413 | 0.040007 | 0.044533 | 0.052127 | 0.056653 | 0.064247 | 0.068773 |
| Camarilla | 0.045727 | 0.046838 | 0.047949 | 0.049060 | 0.050171 | 0.051282 | 0.052393 |
| Woodie | 0.030880 | 0.039240 | 0.043000 | 0.051360 | 0.055120 | 0.063480 | 0.067240 |
| Fibonacci | 0.040007 | 0.044637 | 0.047497 | 0.052127 | 0.056757 | 0.059617 | 0.064247 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.003750 | 0.021750 | 0.040360 | 0.065860 | 0.084470 | 0.109970 | 0.128580 |
| Camarilla | 0.046840 | 0.050883 | 0.054927 | 0.058970 | 0.063013 | 0.067057 | 0.071100 |
| Woodie | -0.007195 | 0.020028 | 0.036915 | 0.064138 | 0.081025 | 0.108248 | 0.125135 |
| Fibonacci | 0.021750 | 0.038600 | 0.049010 | 0.065860 | 0.082710 | 0.093120 | 0.109970 |
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): | 55.37 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 12.543296 | |
| AROON (14): | -21.428572 | |
| DEMA (21): | 0.048625 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.049542 | |
| Elder Ray (13): | 0.000267 | |
| Super Trend (3,10): | 0.047459 | |
| Zig ZAG (10): | 0.048790 | |
| VORTEX (21): | 0.9594 | |
| Stochastique (14,3,5): | 68.24 | |
| TEMA (21): | 0.048610 | |
| Williams %R (14): | -35.81 | |
| Chande Momentum Oscillator (20): | -0.000020 | |
| Repulse (5,40,3): | 0.9249 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0263 | |
| Courbe Coppock: | 1.10 |
| MA7: | 0.048304 | |
| MA20: | 0.054426 | |
| MA50: | 0.059120 | |
| MA100: | 0.071565 | |
| MAexp7: | 0.048612 | |
| MAexp20: | 0.048424 | |
| MAexp50: | 0.048249 | |
| MAexp100: | 0.048651 | |
| Price / MA7: | +3.12% | |
| Price / MA20: | -8.48% | |
| Price / MA50: | -15.75% | |
| Price / MA100: | -30.40% | |
| Price / MAexp7: | +2.46% | |
| Price / MAexp20: | +2.86% | |
| Price / MAexp50: | +3.24% | |
| Price / MAexp100: | +2.38% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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