WRAPPED CENTRIFUGE - WCFG/USD

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Type:	Cryptocurrencies
Ticker:	WCFGUSD
ISIN:

WRAPPED CENTRIFUGE - WCFG/USD - 1H - Technical analysis published on 06/20/2024 (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: Strongly bullish

Underlying: Neutral

Technical indicators

89%

11%

My opinion

Bullish above 0.460333 USD

My targets

0.494000 USD (+6.93%)

0.494667 USD (+7.07%)

My analysis

The current short-term bullish acceleration on WRAPPED CENTRIFUGE - WCFG/USD should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 0.460333 USD. Short-term buyers will use the resistance located at 0.494000 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 0.494667 USD. Crossing this resistance would then open the door for buyers to target 0.546636 USD. Caution, if there is a return to under 0.460333 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.6

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 WRAPPED CENTRIFUGE - WCFG/USD price is 0.462000 USD. On the day, this instrument gained +17.56% and was traded between 0.393000 USD and 0.466000 USD over the period. The price is currently at +17.56% from its lowest and -0.86% from its highest.

0.393000

0.466000

0.462000

Here is a more detailed summary of the historical variations registered by WRAPPED CENTRIFUGE - WCFG/USD:

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

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this WRAPPED CENTRIFUGE - WCFG/USD chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.389000	0.411000	0.431000	0.462000	0.494000	0.546636	0.586000
Change (%)	-15.80%	-11.04%	-6.71%	-	+6.93%	+18.32%	+26.84%
Change	-0.073000	-0.051000	-0.031000	-	+0.032000	+0.084636	+0.124000
Level	Intermediate	Intermediate	Minor	-	Major	Intermediate	Minor

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	0.335667	0.362333	0.377667	0.404333	0.419667	0.446333	0.461667
Camarilla	0.381450	0.385300	0.389150	0.393000	0.396850	0.400700	0.404550
Woodie	0.330000	0.359500	0.372000	0.401500	0.414000	0.443500	0.456000
Fibonacci	0.362333	0.378377	0.388289	0.404333	0.420377	0.430289	0.446333

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.394667	0.460333	0.494667	0.560333	0.594667	0.660333	0.694667
Camarilla	0.501500	0.510667	0.519833	0.529000	0.538167	0.547333	0.556500
Woodie	0.379000	0.452500	0.479000	0.552500	0.579000	0.652500	0.679000
Fibonacci	0.460333	0.498533	0.522133	0.560333	0.598533	0.622133	0.660333

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.402000	0.500000	0.586000	0.684000	0.770000	0.868000	0.954000
Camarilla	0.621400	0.638267	0.655133	0.672000	0.688867	0.705733	0.722600
Woodie	0.396000	0.497000	0.580000	0.681000	0.764000	0.865000	0.948000
Fibonacci	0.500000	0.570288	0.613712	0.684000	0.754288	0.797712	0.868000

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):	76.54
MACD (12,26,9):	0.0044
Directional Movement:	40.154014
AROON (14):	85.714286
DEMA (21):	0.422698
Parabolic SAR (0,02-0,02-0,2):	0.407456
Elder Ray (13):	0.028436
Super Trend (3,10):	0.429841
Zig ZAG (10):	0.456000
VORTEX (21):	1.1860
Stochastique (14,3,5):	99.35
TEMA (21):	0.432899
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.066000
Repulse (5,40,3):	8.6280
ROCnROLL:	1
TRIX (15,9):	-0.0721
Courbe Coppock:	10.12

MA7:	0.477000
MA20:	0.574800
MA50:	0.647800
MA100:	0.729220
MAexp7:	0.434525
MAexp20:	0.419207
MAexp50:	0.426333
MAexp100:	0.451266
Price / MA7:	-3.14%
Price / MA20:	-19.62%
Price / MA50:	-28.68%
Price / MA100:	-36.64%
Price / MAexp7:	+6.32%
Price / MAexp20:	+10.21%
Price / MAexp50:	+8.37%
Price / MAexp100:	+2.38%

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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