WAZIRX - WRX/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	WRXUSD
ISIN:

WAZIRX - WRX/USD - Daily - Technical analysis published on 04/01/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

17%

11%

My opinion

Bullish above 0.270000 USD

My targets

0.326667 USD (+16.67%)

0.383333 USD (+36.90%)

My analysis

The bullish trend is currently very strong on WAZIRX - WRX/USD. As long as the price remains above the support at 0.270000 USD, you could try to benefit from the boom. The first bullish objective is located at 0.326667 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.383333 USD as an objective. Crossing it would then enable buyers to target 0.859900 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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

7.9

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

WAZIRX - WRX/USD rating 0.280000 USD. On the day, this instrument gained +3.70% and was traded between 0.210000 USD and 0.280000 USD over the period. The price is currently at +33.33% from its lowest and 0% from its highest.

0.210000

0.280000

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this WAZIRX - WRX/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

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

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.230000	0.250000	0.270000	0.280000	0.859900	1.810000	4.019000
Change (%)	-17.86%	-10.71%	-3.57%	-	+207.11%	+546.43%	+1,335.36%
Change	-0.050000	-0.030000	-0.010000	-	+0.579900	+1.530000	+3.739000
Level	Minor	Minor	Intermediate	-	Minor	Minor	Major

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	0.090000	0.130000	0.200000	0.240000	0.310000	0.350000	0.420000
Camarilla	0.239750	0.249833	0.259917	0.270000	0.280083	0.290167	0.300250
Woodie	0.105000	0.137500	0.215000	0.247500	0.325000	0.357500	0.435000
Fibonacci	0.130000	0.172020	0.197980	0.240000	0.282020	0.307980	0.350000

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.016667	0.066667	0.113333	0.196667	0.243333	0.326667	0.373333
Camarilla	0.124250	0.136167	0.148083	0.160000	0.171917	0.183833	0.195750
Woodie	-0.035000	0.057500	0.095000	0.187500	0.225000	0.317500	0.355000
Fibonacci	0.066667	0.116327	0.147007	0.196667	0.246327	0.277007	0.326667

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.006667	0.063333	0.166667	0.223333	0.326667	0.383333	0.486667
Camarilla	0.226000	0.240667	0.255333	0.270000	0.284667	0.299333	0.314000
Woodie	0.030000	0.075000	0.190000	0.235000	0.350000	0.395000	0.510000
Fibonacci	0.063333	0.124453	0.162213	0.223333	0.284453	0.322213	0.383333

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):	64.31
MACD (12,26,9):	0.0078
Directional Movement:	21.150288
AROON (14):	-57.142857
DEMA (21):	0.194176
Parabolic SAR (0,02-0,02-0,2):	0.126336
Elder Ray (13):	0.077428
Super Trend (3,10):	0.284648
Zig ZAG (10):	0.270000
VORTEX (21):	1.1032
Stochastique (14,3,5):	77.08
TEMA (21):	0.190218
Williams %R (14):	-37.50
Chande Momentum Oscillator (20):	-0.050000
Repulse (5,40,3):	-23.9094
ROCnROLL:	1
TRIX (15,9):	-0.2105
Courbe Coppock:	7.10

MA7:	0.181429
MA20:	0.187000
MA50:	0.183000
MA100:	0.176300
MAexp7:	0.199881
MAexp20:	0.187763
MAexp50:	0.183437
MAexp100:	0.181943
Price / MA7:	+54.33%
Price / MA20:	+49.73%
Price / MA50:	+53.01%
Price / MA100:	+58.82%
Price / MAexp7:	+40.08%
Price / MAexp20:	+49.12%
Price / MAexp50:	+52.64%
Price / MAexp100:	+53.89%

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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