WRAPPED CENTRIFUGE - WCFG/USD - Daily - Technical analysis published on 05/02/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.264300 USD
My targets
0.233667 USD (-4.23%)
0.201500 USD (-17.42%)
My analysis
In the short term, we can see an acceleration in the bearish trend on WRAPPED CENTRIFUGE - WCFG/USD, which is a positive signal for sellers. As long as the price remains above 0.264300 USD, a sale could be considered. The first bearish objective is located at 0.233667 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.201500 USD as an objective. Crossing it would then enable sellers to target 0.146000 USD. If the price were to return above 0.264300 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
WRAPPED CENTRIFUGE - WCFG/USD rating 0.244000 USD. The price has increased by +2.52% since the last closing with the lowest point at 0.238000 USD and the highest point at 0.245000 USD. The deviation from the price is +2.52% for the low point and -0.41% for the high point.0.238000
0.245000
0.244000
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of WRAPPED CENTRIFUGE - WCFG/USD in Daily shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.146000 | 0.201500 | 0.233667 | 0.244000 | 0.264300 | 0.291000 | 0.317000 |
Change (%) | -40.16% | -17.42% | -4.23% | - | +8.32% | +19.26% | +29.92% |
Change | -0.098000 | -0.042500 | -0.010333 | - | +0.020300 | +0.047000 | +0.073000 |
Level | Intermediate | Minor | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.209000 | 0.220000 | 0.229000 | 0.240000 | 0.249000 | 0.260000 | 0.269000 |
Camarilla | 0.232500 | 0.234333 | 0.236167 | 0.238000 | 0.239833 | 0.241667 | 0.243500 |
Woodie | 0.208000 | 0.219500 | 0.228000 | 0.239500 | 0.248000 | 0.259500 | 0.268000 |
Fibonacci | 0.220000 | 0.227640 | 0.232360 | 0.240000 | 0.247640 | 0.252360 | 0.260000 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.207000 | 0.220000 | 0.239000 | 0.252000 | 0.271000 | 0.284000 | 0.303000 |
Camarilla | 0.249200 | 0.252133 | 0.255067 | 0.258000 | 0.260933 | 0.263867 | 0.266800 |
Woodie | 0.210000 | 0.221500 | 0.242000 | 0.253500 | 0.274000 | 0.285500 | 0.306000 |
Fibonacci | 0.220000 | 0.232224 | 0.239776 | 0.252000 | 0.264224 | 0.271776 | 0.284000 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.131667 | 0.182333 | 0.216667 | 0.267333 | 0.301667 | 0.352333 | 0.386667 |
Camarilla | 0.227625 | 0.235417 | 0.243208 | 0.251000 | 0.258792 | 0.266583 | 0.274375 |
Woodie | 0.123500 | 0.178250 | 0.208500 | 0.263250 | 0.293500 | 0.348250 | 0.378500 |
Fibonacci | 0.182333 | 0.214803 | 0.234863 | 0.267333 | 0.299803 | 0.319863 | 0.352333 |
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): | 42.82 | |
MACD (12,26,9): | -0.0084 | |
Directional Movement: | -8.031214 | |
AROON (14): | -64.285714 | |
DEMA (21): | 0.245288 | |
Parabolic SAR (0,02-0,02-0,2): | 0.275440 | |
Elder Ray (13): | -0.010841 | |
Super Trend (3,10): | 0.289672 | |
Zig ZAG (10): | 0.245000 | |
VORTEX (21): | 0.9186 | |
Stochastique (14,3,5): | 24.84 | |
TEMA (21): | 0.243232 | |
Williams %R (14): | -72.55 | |
Chande Momentum Oscillator (20): | -0.003000 | |
Repulse (5,40,3): | -1.2730 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.4746 | |
Courbe Coppock: | 13.33 |
MA7: | 0.250429 | |
MA20: | 0.257200 | |
MA50: | 0.281060 | |
MA100: | 0.278060 | |
MAexp7: | 0.248821 | |
MAexp20: | 0.256694 | |
MAexp50: | 0.267872 | |
MAexp100: | 0.268333 | |
Price / MA7: | -2.57% | |
Price / MA20: | -5.13% | |
Price / MA50: | -13.19% | |
Price / MA100: | -12.25% | |
Price / MAexp7: | -1.94% | |
Price / MAexp20: | -4.95% | |
Price / MAexp50: | -8.91% | |
Price / MAexp100: | -9.07% |
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
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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