WAZIRX - WRX/USD - 1H - Technical analysis published on 11/08/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 0.230000 USD
My targets
0.250000 USD (+4.17%)
0.273333 USD (+13.89%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on WAZIRX - WRX/USD as long as the price remains well above 0.230000 USD. The buyers' bullish objective is set at 0.250000 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.273333 USD. If there is any crossing, the next objective would be the resistance located at 0.295385 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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This analysis was given by Londinia.
Additional analysis
Quotes
The WAZIRX - WRX/USD price is 0.240000 USD. On the day, this instrument gained +4.35% and was traded between 0.210000 USD and 0.250000 USD over the period. The price is currently at +14.29% from its lowest and -4.00% from its highest.0.210000
0.250000
0.240000
Here is a more detailed summary of the historical variations registered by WAZIRX - WRX/USD:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this WAZIRX - WRX/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.200000 | 0.210000 | 0.230000 | 0.240000 | 0.240000 | 0.250000 | 0.295385 |
| Change (%) | -16.67% | -12.50% | -4.17% | 0% | - | +4.17% | +23.08% |
| Change | -0.040000 | -0.030000 | -0.010000 | 0 | - | +0.010000 | +0.055385 |
| Level | Minor | Minor | Major | Minor | - | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.196667 | 0.203333 | 0.216667 | 0.223333 | 0.236667 | 0.243333 | 0.256667 |
| Camarilla | 0.224500 | 0.226333 | 0.228167 | 0.230000 | 0.231833 | 0.233667 | 0.235500 |
| Woodie | 0.200000 | 0.205000 | 0.220000 | 0.225000 | 0.240000 | 0.245000 | 0.260000 |
| Fibonacci | 0.203333 | 0.210973 | 0.215693 | 0.223333 | 0.230973 | 0.235693 | 0.243333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.116667 | 0.153333 | 0.176667 | 0.213333 | 0.236667 | 0.273333 | 0.296667 |
| Camarilla | 0.183500 | 0.189000 | 0.194500 | 0.200000 | 0.205500 | 0.211000 | 0.216500 |
| Woodie | 0.110000 | 0.150000 | 0.170000 | 0.210000 | 0.230000 | 0.270000 | 0.290000 |
| Fibonacci | 0.153333 | 0.176253 | 0.190413 | 0.213333 | 0.236253 | 0.250413 | 0.273333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.120000 | 0.150000 | 0.170000 | 0.200000 | 0.220000 | 0.250000 | 0.270000 |
| Camarilla | 0.176250 | 0.180833 | 0.185417 | 0.190000 | 0.194583 | 0.199167 | 0.203750 |
| Woodie | 0.115000 | 0.147500 | 0.165000 | 0.197500 | 0.215000 | 0.247500 | 0.265000 |
| Fibonacci | 0.150000 | 0.169100 | 0.180900 | 0.200000 | 0.219100 | 0.230900 | 0.250000 |
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): | 57.20 | |
| MACD (12,26,9): | 0.0025 | |
| Directional Movement: | -4.387578 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 0.231000 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.210000 | |
| Elder Ray (13): | 0.011055 | |
| Super Trend (3,10): | 0.193293 | |
| Zig ZAG (10): | 0.250000 | |
| VORTEX (21): | 1.0541 | |
| Stochastique (14,3,5): | 83.33 | |
| TEMA (21): | 0.231863 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.030000 | |
| Repulse (5,40,3): | 16.5278 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0781 | |
| Courbe Coppock: | 6.73 |
| MA7: | 0.214286 | |
| MA20: | 0.201500 | |
| MA50: | 0.202000 | |
| MA100: | 0.216500 | |
| MAexp7: | 0.232135 | |
| MAexp20: | 0.226245 | |
| MAexp50: | 0.221206 | |
| MAexp100: | 0.214591 | |
| Price / MA7: | +12.00% | |
| Price / MA20: | +19.11% | |
| Price / MA50: | +18.81% | |
| Price / MA100: | +10.85% | |
| Price / MAexp7: | +3.39% | |
| Price / MAexp20: | +6.08% | |
| Price / MAexp50: | +8.50% | |
| Price / MAexp100: | +11.84% |
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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