WRAPPED CENTRIFUGE - WCFG/USD
WRAPPED CENTRIFUGE - WCFG/USD
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Type: Cryptocurrencies
Ticker: WCFGUSD
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WRAPPED CENTRIFUGE - WCFG/USD - 1H - Technical analysis published on 11/05/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 0.280000 USD
My targets
0.267000 USD (-3.96%)
0.238000 USD (-14.39%)
My analysis
WRAPPED CENTRIFUGE - WCFG/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.280000 USD. The next support located at 0.267000 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.238000 USD. Below this support, sellers could then target 0.146000 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.1

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 0.278000 USD. On the day, this instrument lost -0.71% and was traded between 0.277000 USD and 0.285000 USD over the period. The price is currently at +0.36% from its lowest and -2.46% from its highest.

0.277000
0.285000
0.278000

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


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. 92.86% of the signals given by moving averages are bearish. This strongly 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 probability of a further decline is low given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
ProTrendLines 0.146000 0.278000 0.280000 0.290000 0.302000
Change (%) -47.48% - +0.72% +4.32% +8.63%
Change -0.132000 - +0.002000 +0.012000 +0.024000
Level Intermediate - Intermediate 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
Standard0.2690000.2740000.2770000.2820000.2850000.2900000.293000
Camarilla0.2778000.2785330.2792670.2800000.2807330.2814670.282200
Woodie0.2680000.2735000.2760000.2815000.2840000.2895000.292000
Fibonacci0.2740000.2770560.2789440.2820000.2850560.2869440.290000


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1930000.2380000.2670000.3120000.3410000.3860000.415000
Camarilla0.2756500.2824330.2892170.2960000.3027830.3095670.316350
Woodie0.1850000.2340000.2590000.3080000.3330000.3820000.407000
Fibonacci0.2380000.2662680.2837320.3120000.3402680.3577320.386000


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1516670.2113330.2496670.3093330.3476670.4073330.445667
Camarilla0.2610500.2700330.2790170.2880000.2969830.3059670.314950
Woodie0.1410000.2060000.2390000.3040000.3370000.4020000.435000
Fibonacci0.2113330.2487690.2718970.3093330.3467690.3698970.407333

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): 41.29
MACD (12,26,9): -0.0015
Directional Movement: 1.256716
AROON (14): -50.000000
DEMA (21): 0.278354
Parabolic SAR (0,02-0,02-0,2): 0.283853
Elder Ray (13): -0.002064
Super Trend (3,10): 0.284521
Zig ZAG (10): 0.278000
VORTEX (21): 0.8596
Stochastique (14,3,5): 8.93
TEMA (21): 0.278335
Williams %R (14): -87.50
Chande Momentum Oscillator (20): -0.004000
Repulse (5,40,3): -0.5981
ROCnROLL: 2
TRIX (15,9): -0.0654
Courbe Coppock: 2.82
MA7: 0.288286
MA20: 0.304100
MA50: 0.332220
MA100: 0.343510
MAexp7: 0.278541
MAexp20: 0.280327
MAexp50: 0.283435
MAexp100: 0.287126
Price / MA7: -3.57%
Price / MA20: -8.58%
Price / MA50: -16.32%
Price / MA100: -19.07%
Price / MAexp7: -0.19%
Price / MAexp20: -0.83%
Price / MAexp50: -1.92%
Price / MAexp100: -3.18%

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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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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