WRAPPED CENTRIFUGE - WCFG/USD

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Type:	Cryptocurrencies
Ticker:	WCFGUSD
ISIN:

WRAPPED CENTRIFUGE - WCFG/USD - 1H - Technical analysis published on 06/25/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

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WRAPPED CENTRIFUGE - WCFG/USD Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 0.494000 USD

My targets

0.524000 USD (+2.14%)

0.561000 USD (+9.36%)

My analysis

WRAPPED CENTRIFUGE - WCFG/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.494000 USD. The next resistance located at 0.524000 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.561000 USD. After this resistance, buyers could then target 0.633000 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.7

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 0.513000 USD. The price registered an increase of +11.04% on the session and was traded between 0.465000 USD and 0.525000 USD over the period. The price is currently at +10.32% from its lowest and -2.29% from its highest.

0.465000

0.525000

0.513000

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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 strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

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 this signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.461182	0.478000	0.494000	0.513000	0.524000	0.561000	0.633000
Change (%)	-10.10%	-6.82%	-3.70%	-	+2.14%	+9.36%	+23.39%
Change	-0.051818	-0.035000	-0.019000	-	+0.011000	+0.048000	+0.120000
Level	Intermediate	Major	Major	-	Minor	Major	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	0.412333	0.428667	0.445333	0.461667	0.478333	0.494667	0.511333
Camarilla	0.452925	0.455950	0.458975	0.462000	0.465025	0.468050	0.471075
Woodie	0.412500	0.428750	0.445500	0.461750	0.478500	0.494750	0.511500
Fibonacci	0.428667	0.441273	0.449061	0.461667	0.474273	0.482061	0.494667

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.238333	0.313667	0.410333	0.485667	0.582333	0.657667	0.754333
Camarilla	0.459700	0.475467	0.491233	0.507000	0.522767	0.538533	0.554300
Woodie	0.249000	0.319000	0.421000	0.491000	0.593000	0.663000	0.765000
Fibonacci	0.313667	0.379371	0.419963	0.485667	0.551371	0.591963	0.657667

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	65.65
MACD (12,26,9):	0.0111
Directional Movement:	32.056908
AROON (14):	92.857143
DEMA (21):	0.497635
Parabolic SAR (0,02-0,02-0,2):	0.483230
Elder Ray (13):	0.022144
Super Trend (3,10):	0.480997
Zig ZAG (10):	0.510000
VORTEX (21):	1.1810
Stochastique (14,3,5):	85.43
TEMA (21):	0.508582
Williams %R (14):	-16.46
Chande Momentum Oscillator (20):	0.050000
Repulse (5,40,3):	1.8334
ROCnROLL:	1
TRIX (15,9):	0.1629
Courbe Coppock:	21.40

MA7:	0.467143
MA20:	0.527750
MA50:	0.627180
MA100:	0.719100
MAexp7:	0.503002
MAexp20:	0.487235
MAexp50:	0.479600
MAexp100:	0.476520
Price / MA7:	+9.82%
Price / MA20:	-2.79%
Price / MA50:	-18.21%
Price / MA100:	-28.66%
Price / MAexp7:	+1.99%
Price / MAexp20:	+5.29%
Price / MAexp50:	+6.96%
Price / MAexp100:	+7.66%

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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