WAZIRX - WRX/USD

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Type:	Cryptocurrencies
Ticker:	WRXUSD
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WAZIRX - WRX/USD - Daily - Technical analysis published on 11/15/2022 (GMT)

Londinia

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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

33%

My opinion

Bearish under 0.190000 USD

My targets

0.150000 USD (-11.76%)

0.120000 USD (-29.41%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on WAZIRX - WRX/USD as long as the price remains well below 0.190000 USD. The sellers' bearish objective is set at 0.150000 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.120000 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

Force

6.1

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 WAZIRX - WRX/USD price is 0.170000 USD. The price registered an increase of +13.33% on the session with the lowest point at 0.150000 USD and the highest point at 0.180000 USD. The deviation from the price is +13.33% for the low point and -5.56% for the high point.

0.150000

0.180000

0.170000

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this WAZIRX - WRX/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.170000	0.190000	0.295385	0.490000
Change (%)	-	+11.76%	+73.76%	+188.24%
Change	-	+0.020000	+0.125385	+0.320000
Level	-	Major	Intermediate	Minor

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	0.116667	0.123333	0.136667	0.143333	0.156667	0.163333	0.176667
Camarilla	0.144500	0.146333	0.148167	0.150000	0.151833	0.153667	0.155500
Woodie	0.120000	0.125000	0.140000	0.145000	0.160000	0.165000	0.180000
Fibonacci	0.123333	0.130973	0.135693	0.143333	0.150973	0.155693	0.163333

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000000	0.070000	0.110000	0.180000	0.220000	0.290000	0.330000
Camarilla	0.119750	0.129833	0.139917	0.150000	0.160083	0.170167	0.180250
Woodie	-0.015000	0.062500	0.095000	0.172500	0.205000	0.282500	0.315000
Fibonacci	0.070000	0.112020	0.137980	0.180000	0.222020	0.247980	0.290000

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	45.37
MACD (12,26,9):	-0.0130
Directional Movement:	0.911894
AROON (14):	-57.142857
DEMA (21):	0.163805
Parabolic SAR (0,02-0,02-0,2):	0.234630
Elder Ray (13):	-0.005697
Super Trend (3,10):	0.221383
Zig ZAG (10):	0.170000
VORTEX (21):	0.9298
Stochastique (14,3,5):	19.44
TEMA (21):	0.155307
Williams %R (14):	-66.67
Chande Momentum Oscillator (20):	-0.030000
Repulse (5,40,3):	13.7059
ROCnROLL:	-1
TRIX (15,9):	-0.5297
Courbe Coppock:	39.50

MA7:	0.151429
MA20:	0.185500
MA50:	0.192200
MA100:	0.208000
MAexp7:	0.161494
MAexp20:	0.176698
MAexp50:	0.191601
MAexp100:	0.214217
Price / MA7:	+12.26%
Price / MA20:	-8.36%
Price / MA50:	-11.55%
Price / MA100:	-18.27%
Price / MAexp7:	+5.27%
Price / MAexp20:	-3.79%
Price / MAexp50:	-11.27%
Price / MAexp100:	-20.64%

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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