WRAPPED CENTRIFUGE - WCFG/USD - 1H - Technical analysis published on 10/02/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 0.353000 USD
My targets
0.319333 USD (-6.35%)
0.315667 USD (-7.43%)
My analysis
The bearish basic trend is very strong on WRAPPED CENTRIFUGE - WCFG/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.353000 USD. Crossing the first support at 0.319333 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.315667 USD as an objective. Crossing it would then enable sellers to target 0.146000 USD. Caution, a return to above the resistance located at 0.353000 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WRAPPED CENTRIFUGE - WCFG/USD price is 0.341000 USD. On the day, this instrument gained +3.65% with the lowest point at 0.326000 USD and the highest point at 0.361000 USD. The deviation from the price is +4.60% for the low point and -5.54% for the high point.0.326000
0.361000
0.341000
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of WRAPPED CENTRIFUGE - WCFG/USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly 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 probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.146000 | 0.315667 | 0.341000 | 0.353000 | 0.369077 | 0.394333 |
| Change (%) | -57.18% | -7.43% | - | +3.52% | +8.23% | +15.64% |
| Change | -0.195000 | -0.025333 | - | +0.012000 | +0.028077 | +0.053333 |
| Level | Minor | Major | - | Minor | Minor | Intermediate |
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 | 0.272333 | 0.299667 | 0.314333 | 0.341667 | 0.356333 | 0.383667 | 0.398333 |
| Camarilla | 0.317450 | 0.321300 | 0.325150 | 0.329000 | 0.332850 | 0.336700 | 0.340550 |
| Woodie | 0.266000 | 0.296500 | 0.308000 | 0.338500 | 0.350000 | 0.380500 | 0.392000 |
| Fibonacci | 0.299667 | 0.315711 | 0.325623 | 0.341667 | 0.357711 | 0.367623 | 0.383667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.292667 | 0.319333 | 0.354667 | 0.381333 | 0.416667 | 0.443333 | 0.478667 |
| Camarilla | 0.372950 | 0.378633 | 0.384317 | 0.390000 | 0.395683 | 0.401367 | 0.407050 |
| Woodie | 0.297000 | 0.321500 | 0.359000 | 0.383500 | 0.421000 | 0.445500 | 0.483000 |
| Fibonacci | 0.319333 | 0.343017 | 0.357649 | 0.381333 | 0.405017 | 0.419649 | 0.443333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.213667 | 0.263333 | 0.308667 | 0.358333 | 0.403667 | 0.453333 | 0.498667 |
| Camarilla | 0.327875 | 0.336583 | 0.345292 | 0.354000 | 0.362708 | 0.371417 | 0.380125 |
| Woodie | 0.211500 | 0.262250 | 0.306500 | 0.357250 | 0.401500 | 0.452250 | 0.496500 |
| Fibonacci | 0.263333 | 0.299623 | 0.322043 | 0.358333 | 0.394623 | 0.417043 | 0.453333 |
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): | 53.82 | |
| MACD (12,26,9): | 0.0016 | |
| Directional Movement: | -4.260468 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.348278 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.360620 | |
| Elder Ray (13): | 0.001816 | |
| Super Trend (3,10): | 0.339401 | |
| Zig ZAG (10): | 0.351000 | |
| VORTEX (21): | 1.0732 | |
| Stochastique (14,3,5): | 69.58 | |
| TEMA (21): | 0.353417 | |
| Williams %R (14): | -31.25 | |
| Chande Momentum Oscillator (20): | 0.013000 | |
| Repulse (5,40,3): | 0.2865 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0051 | |
| Courbe Coppock: | 12.72 |
| MA7: | 0.370857 | |
| MA20: | 0.359050 | |
| MA50: | 0.349680 | |
| MA100: | 0.399640 | |
| MAexp7: | 0.350679 | |
| MAexp20: | 0.347009 | |
| MAexp50: | 0.351264 | |
| MAexp100: | 0.359986 | |
| Price / MA7: | -8.05% | |
| Price / MA20: | -5.03% | |
| Price / MA50: | -2.48% | |
| Price / MA100: | -14.67% | |
| Price / MAexp7: | -2.76% | |
| Price / MAexp20: | -1.73% | |
| Price / MAexp50: | -2.92% | |
| Price / MAexp100: | -5.27% |
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
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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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