WAZIRX - WRX/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	WRXUSD
ISIN:

WAZIRX - WRX/USD - Daily - Technical analysis published on 05/11/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

72%

22%

My opinion

Bearish under 0.126667 USD

My targets

0.096667 USD (-12.12%)

0.073333 USD (-33.33%)

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 0.126667 USD. The sellers' bearish objective is set at 0.096667 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.073333 USD. In case of crossing, the next objective would be the support located at 0.006667 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

8.2

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 0.110000 USD. The price registered an increase of +10.00% on the session with the lowest point at 0.100000 USD and the highest point at 0.120000 USD. The deviation from the price is +10.00% for the low point and -8.33% for the high point.

0.100000

0.120000

0.110000

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

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

The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	R1	Price	R2	R3
ProTrendLines	0.110000	0.110000	0.160000	0.210000
Change (%)	0%	-	+45.45%	+90.91%
Change	0	-	+0.050000	+0.100000
Level	Intermediate	-	Intermediate	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	0.033333	0.066667	0.083333	0.116667	0.133333	0.166667	0.183333
Camarilla	0.086250	0.090833	0.095417	0.100000	0.104583	0.109167	0.113750
Woodie	0.025000	0.062500	0.075000	0.112500	0.125000	0.162500	0.175000
Fibonacci	0.066667	0.085767	0.097567	0.116667	0.135767	0.147567	0.166667

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.096667	0.113333	0.126667	0.143333	0.156667	0.173333	0.186667
Camarilla	0.131750	0.134500	0.137250	0.140000	0.142750	0.145500	0.148250
Woodie	0.095000	0.112500	0.125000	0.142500	0.155000	0.172500	0.185000
Fibonacci	0.113333	0.124793	0.131873	0.143333	0.154793	0.161873	0.173333

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.096667	0.006667	0.073333	0.176667	0.243333	0.346667	0.413333
Camarilla	0.093250	0.108833	0.124417	0.140000	0.155583	0.171167	0.186750
Woodie	-0.115000	-0.002500	0.055000	0.167500	0.225000	0.337500	0.395000
Fibonacci	0.006667	0.071607	0.111727	0.176667	0.241607	0.281727	0.346667

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):	31.45
MACD (12,26,9):	-0.0141
Directional Movement:	-14.469836
AROON (14):	-92.857143
DEMA (21):	0.119798
Parabolic SAR (0,02-0,02-0,2):	0.206116
Elder Ray (13):	-0.019647
Super Trend (3,10):	0.177636
Zig ZAG (10):	0.100000
VORTEX (21):	0.8462
Stochastique (14,3,5):	11.11
TEMA (21):	0.115812
Williams %R (14):	-83.33
Chande Momentum Oscillator (20):	-0.030000
Repulse (5,40,3):	-60.2014
ROCnROLL:	2
TRIX (15,9):	-1.0103
Courbe Coppock:	38.18

MA7:	0.127143
MA20:	0.139500
MA50:	0.162800
MA100:	0.173000
MAexp7:	0.122712
MAexp20:	0.138265
MAexp50:	0.155836
MAexp100:	0.166067
Price / MA7:	-13.48%
Price / MA20:	-21.15%
Price / MA50:	-32.43%
Price / MA100:	-36.42%
Price / MAexp7:	-10.36%
Price / MAexp20:	-20.44%
Price / MAexp50:	-29.41%
Price / MAexp100:	-33.76%

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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