WAZIRX - WRX/USD

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- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	WRXUSD
ISIN:

WAZIRX - WRX/USD - Daily - Technical analysis published on 05/19/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

44%

33%

My opinion

Bearish under 0.116667 USD

My targets

0.083333 USD (-24.24%)

0.073333 USD (-33.33%)

My analysis

The bearish trend is currently very strong for WAZIRX - WRX/USD. As long as the price remains below the resistance at 0.116667 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.083333 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.073333 USD as an objective. Crossing it would then enable sellers to target 0.006667 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are neutral, but do not change the general bearish opinion of this analysis.

Force

6.8

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.

Additional analysis

Quotes

The WAZIRX - WRX/USD price is 0.110000 USD. The price registered an increase of +10.00% on the session and was between 0.100000 USD and 0.110000 USD. This implies that the price is at +10.00% from its lowest and at 0% from its highest.

0.100000

0.110000

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

The study of the highest / lowest by the Central Records scanner shows the following results:

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. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	R1	Price	R2	R3
ProTrendLines	0.110000	0.110000	0.130000	0.160000
Change (%)	0%	-	+18.18%	+45.45%
Change	0	-	+0.020000	+0.050000
Level	Intermediate	-	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.073333	0.086667	0.093333	0.106667	0.113333	0.126667	0.133333
Camarilla	0.094500	0.096333	0.098167	0.100000	0.101833	0.103667	0.105500
Woodie	0.070000	0.085000	0.090000	0.105000	0.110000	0.125000	0.130000
Fibonacci	0.086667	0.094307	0.099027	0.106667	0.114307	0.119027	0.126667

Weekly

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

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	37.14
MACD (12,26,9):	-0.0146
Directional Movement:	-5.976932
AROON (14):	-35.714286
DEMA (21):	0.098853
Parabolic SAR (0,02-0,02-0,2):	0.176551
Elder Ray (13):	-0.005737
Super Trend (3,10):	0.176530
Zig ZAG (10):	0.100000
VORTEX (21):	0.9184
Stochastique (14,3,5):	16.67
TEMA (21):	0.097671
Williams %R (14):	-83.33
Chande Momentum Oscillator (20):	-0.030000
Repulse (5,40,3):	-13.9294
ROCnROLL:	2
TRIX (15,9):	-1.4716
Courbe Coppock:	48.80

MA7:	0.102857
MA20:	0.119500
MA50:	0.153800
MA100:	0.166300
MAexp7:	0.104836
MAexp20:	0.118314
MAexp50:	0.140984
MAexp100:	0.156730
Price / MA7:	+6.94%
Price / MA20:	-7.95%
Price / MA50:	-28.48%
Price / MA100:	-33.85%
Price / MAexp7:	+4.93%
Price / MAexp20:	-7.03%
Price / MAexp50:	-21.98%
Price / MAexp100:	-29.82%

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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