WAZIRX - WRX/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	WRXUSDT
ISIN:

WAZIRX - WRX/USDT - Daily - Technical analysis published on 05/03/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

50%

22%

My opinion

Bearish under 0.550633 USDT

My targets

0.454933 USDT (-10.76%)

0.379800 USDT (-25.50%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on WAZIRX - WRX/USDT as long as the price remains well below 0.550633 USDT. The sellers' bearish objective is set at 0.454933 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.379800 USDT. In case of crossing, the next objective would be the support located at 0.264600 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.8

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

Additional analysis

Quotes

WAZIRX - WRX/USDT rating 0.509800 USDT. The price registered a decrease of -0.20% on the session with the lowest point at 0.509100 USDT and the highest point at 0.510800 USDT. The deviation from the price is +0.14% for the low point and -0.20% for the high point.

0.509100

0.510800

0.509800

Here is a more detailed summary of the historical variations registered by WAZIRX - WRX/USDT:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this WAZIRX - WRX/USDT chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 4 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.509800	0.550633	0.747100	1.001500
Change (%)	-	+8.01%	+46.55%	+96.45%
Change	-	+0.040833	+0.237300	+0.491700
Level	-	Major	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.432200	0.462600	0.486700	0.517100	0.541200	0.571600	0.595700
Camarilla	0.495813	0.500808	0.505804	0.510800	0.515796	0.520792	0.525788
Woodie	0.429050	0.461025	0.483550	0.515525	0.538050	0.570025	0.592550
Fibonacci	0.462600	0.483419	0.496281	0.517100	0.537919	0.550781	0.571600

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.342333	0.414867	0.454933	0.527467	0.567533	0.640067	0.680133
Camarilla	0.464035	0.474357	0.484678	0.495000	0.505322	0.515643	0.525965
Woodie	0.326100	0.406750	0.438700	0.519350	0.551300	0.631950	0.663900
Fibonacci	0.414867	0.457880	0.484454	0.527467	0.570480	0.597054	0.640067

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.041800	0.264600	0.379800	0.602600	0.717800	0.940600	1.055800
Camarilla	0.402050	0.433033	0.464017	0.495000	0.525983	0.556967	0.587950
Woodie	-0.012000	0.237700	0.326000	0.575700	0.664000	0.913700	1.002000
Fibonacci	0.264600	0.393716	0.473484	0.602600	0.731716	0.811484	0.940600

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):	36.85
MACD (12,26,9):	-0.0296
Directional Movement:	-6.065499
AROON (14):	-64.285714
DEMA (21):	0.531678
Parabolic SAR (0,02-0,02-0,2):	0.560717
Elder Ray (13):	-0.030619
Super Trend (3,10):	0.614289
Zig ZAG (10):	0.515200
VORTEX (21):	0.9022
Stochastique (14,3,5):	15.94
TEMA (21):	0.507422
Williams %R (14):	-85.56
Chande Momentum Oscillator (20):	-0.074800
Repulse (5,40,3):	-4.0996
ROCnROLL:	2
TRIX (15,9):	-0.5690
Courbe Coppock:	23.88

MA7:	0.525671
MA20:	0.573090
MA50:	0.607464
MA100:	0.679935
MAexp7:	0.525051
MAexp20:	0.567262
MAexp50:	0.613564
MAexp100:	0.706644
Price / MA7:	-3.02%
Price / MA20:	-11.04%
Price / MA50:	-16.08%
Price / MA100:	-25.02%
Price / MAexp7:	-2.90%
Price / MAexp20:	-10.13%
Price / MAexp50:	-16.91%
Price / MAexp100:	-27.86%

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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