WRAPPED CENTRIFUGE - WCFG/USD

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Type:	Cryptocurrencies
Ticker:	WCFGUSD
ISIN:

WRAPPED CENTRIFUGE - WCFG/USD - 1H - Technical analysis published on 11/19/2024 (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

44%

39%

17%

My opinion

Bullish above 0.376000 USD

My targets

0.397000 USD (+2.58%)

0.426000 USD (+10.08%)

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 0.376000 USD. The next resistance located at 0.397000 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 0.426000 USD. After this resistance, buyers could then target 0.534000 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 not called into question, despite technical indicators being indecisive.

Force

6.3

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 0.387000 USD. The price has increased by +15.87% since the last closing and was between 0.334000 USD and 0.510000 USD. This implies that the price is at +15.87% from its lowest and at -24.12% from its highest.

0.334000

0.510000

0.387000

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 for higher/lower results shows the following items:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on WRAPPED CENTRIFUGE - WCFG/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of this 1H chart of WRAPPED CENTRIFUGE - WCFG/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.345000	0.357333	0.376000	0.387000	0.397000	0.534000	0.633000
Change (%)	-10.85%	-7.67%	-2.84%	-	+2.58%	+37.98%	+63.57%
Change	-0.042000	-0.029667	-0.011000	-	+0.010000	+0.147000	+0.246000
Level	Minor	Intermediate	Intermediate	-	Intermediate	Minor	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	0.271667	0.285333	0.309667	0.323333	0.347667	0.361333	0.385667
Camarilla	0.323550	0.327033	0.330517	0.334000	0.337483	0.340967	0.344450
Woodie	0.277000	0.288000	0.315000	0.326000	0.353000	0.364000	0.391000
Fibonacci	0.285333	0.299849	0.308817	0.323333	0.337849	0.346817	0.361333

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.188000	0.238000	0.282000	0.332000	0.376000	0.426000	0.470000
Camarilla	0.300150	0.308767	0.317383	0.326000	0.334617	0.343233	0.351850
Woodie	0.185000	0.236500	0.279000	0.330500	0.373000	0.424500	0.467000
Fibonacci	0.238000	0.273908	0.296092	0.332000	0.367908	0.390092	0.426000

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.151667	0.211333	0.249667	0.309333	0.347667	0.407333	0.445667
Camarilla	0.261050	0.270033	0.279017	0.288000	0.296983	0.305967	0.314950
Woodie	0.141000	0.206000	0.239000	0.304000	0.337000	0.402000	0.435000
Fibonacci	0.211333	0.248769	0.271897	0.309333	0.346769	0.369897	0.407333

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):	56.29
MACD (12,26,9):	0.0102
Directional Movement:	25.577532
AROON (14):	-64.285715
DEMA (21):	0.391463
Parabolic SAR (0,02-0,02-0,2):	0.471187
Elder Ray (13):	0.005034
Super Trend (3,10):	0.433325
Zig ZAG (10):	0.387000
VORTEX (21):	1.0871
Stochastique (14,3,5):	9.56
TEMA (21):	0.390603
Williams %R (14):	-87.41
Chande Momentum Oscillator (20):	-0.014000
Repulse (5,40,3):	1.6941
ROCnROLL:	1
TRIX (15,9):	0.5513
Courbe Coppock:	7.03

MA7:	0.324429
MA20:	0.318850
MA50:	0.322860
MA100:	0.336170
MAexp7:	0.383125
MAexp20:	0.376513
MAexp50:	0.356982
MAexp100:	0.342272
Price / MA7:	+19.29%
Price / MA20:	+21.37%
Price / MA50:	+19.87%
Price / MA100:	+15.12%
Price / MAexp7:	+1.01%
Price / MAexp20:	+2.79%
Price / MAexp50:	+8.41%
Price / MAexp100:	+13.07%

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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