WAZIRX - WRX/USD - 1H - Technical analysis published on 04/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
22%
28%
50%
My opinion
Bearish under 0.210000 USD
My targets
0.193353 USD (-3.32%)
0.166667 USD (-16.67%)
My analysis
In a bearish trend, the price of WAZIRX - WRX/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.210000 USD. A bearish break in the support located at 0.193353 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.166667 USD. Then 0.160000 USD by extension. It would be safer to wait for a bearish break in the support located at 0.193353 USD before allowing yourself to re trade short positions (for sale) on WAZIRX - WRX/USD. PS: if there is a bullish break in the resistance located at 0.210000 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
0.9
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This analysis was given by Londinia.
Additional analysis
Quotes
The WAZIRX - WRX/USD price is 0.200000 USD. The price has increased by +5.26% since the last closing with the lowest point at 0.180000 USD and the highest point at 0.200000 USD. The deviation from the price is +11.11% for the low point and 0% for the high point.0.180000
0.200000
0.200000
Here is a more detailed summary of the historical variations registered by WAZIRX - WRX/USD:
Technical
Technical analysis of WAZIRX - WRX/USD in 1H shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. 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, 4 are bullish, 9 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.130000 | 0.160000 | 0.193353 | 0.200000 | 0.210000 | 0.230000 | 0.250000 |
| Change (%) | -35.00% | -20.00% | -3.32% | - | +5.00% | +15.00% | +25.00% |
| Change | -0.070000 | -0.040000 | -0.006647 | - | +0.010000 | +0.030000 | +0.050000 |
| Level | Intermediate | Major | Major | - | Major | 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 | 0.143333 | 0.156667 | 0.173333 | 0.186667 | 0.203333 | 0.216667 | 0.233333 |
| Camarilla | 0.181750 | 0.184500 | 0.187250 | 0.190000 | 0.192750 | 0.195500 | 0.198250 |
| Woodie | 0.145000 | 0.157500 | 0.175000 | 0.187500 | 0.205000 | 0.217500 | 0.235000 |
| Fibonacci | 0.156667 | 0.168127 | 0.175207 | 0.186667 | 0.198127 | 0.205207 | 0.216667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.040000 | 0.040000 | 0.120000 | 0.200000 | 0.280000 | 0.360000 | 0.440000 |
| Camarilla | 0.156000 | 0.170667 | 0.185333 | 0.200000 | 0.214667 | 0.229333 | 0.244000 |
| Woodie | -0.040000 | 0.040000 | 0.120000 | 0.200000 | 0.280000 | 0.360000 | 0.440000 |
| Fibonacci | 0.040000 | 0.101120 | 0.138880 | 0.200000 | 0.261120 | 0.298880 | 0.360000 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.12 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -3.968693 | |
| AROON (14): | -7.142857 | |
| DEMA (21): | 0.189627 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.171764 | |
| Elder Ray (13): | -0.000282 | |
| Super Trend (3,10): | 0.147838 | |
| Zig ZAG (10): | 0.190000 | |
| VORTEX (21): | 1.0250 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 0.190436 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.000000 | |
| Repulse (5,40,3): | 3.6097 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0363 | |
| Courbe Coppock: | 3.95 |
| MA7: | 0.194286 | |
| MA20: | 0.179500 | |
| MA50: | 0.183800 | |
| MA100: | 0.177300 | |
| MAexp7: | 0.190040 | |
| MAexp20: | 0.190614 | |
| MAexp50: | 0.193956 | |
| MAexp100: | 0.197073 | |
| Price / MA7: | +2.94% | |
| Price / MA20: | +11.42% | |
| Price / MA50: | +8.81% | |
| Price / MA100: | +12.80% | |
| Price / MAexp7: | +5.24% | |
| Price / MAexp20: | +4.92% | |
| Price / MAexp50: | +3.12% | |
| Price / MAexp100: | +1.49% |
Quotes :
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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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