WRAPPED CENTRIFUGE - WCFG/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	WCFGUSD
ISIN:

WRAPPED CENTRIFUGE - WCFG/USD - Daily - Technical analysis published on 05/02/2023 (GMT)

Londinia

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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

5.5

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

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:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

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

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

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

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 : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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