WRAPPED CENTRIFUGE - WCFG/USD

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Type:	Cryptocurrencies
Ticker:	WCFGUSD
ISIN:

WRAPPED CENTRIFUGE - WCFG/USD - 1H - Technical analysis published on 01/30/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
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WRAPPED CENTRIFUGE - WCFG/USD Chart

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

33%

39%

28%

My opinion

Bullish above 0.268692 USD

My targets

0.285000 USD (+4.01%)

0.291000 USD (+6.20%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on WRAPPED CENTRIFUGE - WCFG/USD. As long as you are above the support located at 0.268692 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.285000 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.291000 USD as an objective. Crossing it would then enable buyers to target 0.315750 USD. If the support 0.268692 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

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

Force

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

WRAPPED CENTRIFUGE - WCFG/USD rating 0.274000 USD. The price registered a decrease of -0.36% on the session and was between 0.272000 USD and 0.285000 USD. This implies that the price is at +0.74% from its lowest and at -3.86% from its highest.

0.272000

0.285000

0.274000

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

Technical

Technical analysis of this 1H chart of WRAPPED CENTRIFUGE - WCFG/USD indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

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.
Caution: the Central Indicators scanner currently detects an excess:

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Bullish doji star

Type : Bullish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

Long black line

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.244000	0.257000	0.268692	0.274000	0.291000	0.315750	0.338000
Change (%)	-10.95%	-6.20%	-1.94%	-	+6.20%	+15.24%	+23.36%
Change	-0.030000	-0.017000	-0.005308	-	+0.017000	+0.041750	+0.064000
Level	Intermediate	Major	Major	-	Major	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	0.264000	0.267000	0.271000	0.274000	0.278000	0.281000	0.285000
Camarilla	0.273075	0.273717	0.274358	0.275000	0.275642	0.276283	0.276925
Woodie	0.264500	0.267250	0.271500	0.274250	0.278500	0.281250	0.285500
Fibonacci	0.267000	0.269674	0.271326	0.274000	0.276674	0.278326	0.281000

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.138000	0.191000	0.232000	0.285000	0.326000	0.379000	0.420000
Camarilla	0.247150	0.255767	0.264383	0.273000	0.281617	0.290233	0.298850
Woodie	0.132000	0.188000	0.226000	0.282000	0.320000	0.376000	0.414000
Fibonacci	0.191000	0.226908	0.249092	0.285000	0.320908	0.343092	0.379000

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.039333	0.094667	0.123333	0.178667	0.207333	0.262667	0.291333
Camarilla	0.128900	0.136600	0.144300	0.152000	0.159700	0.167400	0.175100
Woodie	0.026000	0.088000	0.110000	0.172000	0.194000	0.256000	0.278000
Fibonacci	0.094667	0.126755	0.146579	0.178667	0.210755	0.230579	0.262667

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):	48.88
MACD (12,26,9):	0.0016
Directional Movement:	7.209729
AROON (14):	71.428572
DEMA (21):	0.278206
Parabolic SAR (0,02-0,02-0,2):	0.285000
Elder Ray (13):	0.001819
Super Trend (3,10):	0.274248
Zig ZAG (10):	0.275000
VORTEX (21):	0.9265
Stochastique (14,3,5):	38.46
TEMA (21):	0.277529
Williams %R (14):	-92.31
Chande Momentum Oscillator (20):	-0.001000
Repulse (5,40,3):	-1.4831
ROCnROLL:	2
TRIX (15,9):	0.0581
Courbe Coppock:	2.84

MA7:	0.266000
MA20:	0.250800
MA50:	0.202860
MA100:	0.216030
MAexp7:	0.276955
MAexp20:	0.276296
MAexp50:	0.273895
MAexp100:	0.270553
Price / MA7:	+3.01%
Price / MA20:	+9.25%
Price / MA50:	+35.07%
Price / MA100:	+26.83%
Price / MAexp7:	-1.07%
Price / MAexp20:	-0.83%
Price / MAexp50:	+0.04%
Price / MAexp100:	+1.27%

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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