WOO - WOO/USDT - 1H - Technical analysis published on 04/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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 0.252400 USDT
My targets
0.239167 USDT (-1.42%)
0.205824 USDT (-15.16%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on WOO NETWORK - WOO/USDT as long as the price remains well below 0.252400 USDT. The sellers' bearish objective is set at 0.239167 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.205824 USDT. In case of crossing, the next objective would be the support located at 0.161300 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.1
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Additional analysis
Quotes
WOO NETWORK - WOO/USDT rating 0.242600 USDT. The price is lower by -1.54% since the last closing and was traded between 0.241300 USDT and 0.251400 USDT over the period. The price is currently at +0.54% from its lowest and -3.50% from its highest.0.241300
0.251400
0.242600
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by WOO NETWORK - WOO/USDT:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of WOO NETWORK - WOO/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
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, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.114000 | 0.161300 | 0.205824 | 0.242600 | 0.252400 | 0.263100 | 0.286578 |
| Change (%) | -53.01% | -33.51% | -15.16% | - | +4.04% | +8.45% | +18.13% |
| Change | -0.128600 | -0.081300 | -0.036776 | - | +0.009800 | +0.020500 | +0.043978 |
| Level | Minor | Minor | Major | - | Intermediate | Major | 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 | 0.179567 | 0.209633 | 0.227967 | 0.258033 | 0.276367 | 0.306433 | 0.324767 |
| Camarilla | 0.232990 | 0.237427 | 0.241863 | 0.246300 | 0.250737 | 0.255173 | 0.259610 |
| Woodie | 0.173700 | 0.206700 | 0.222100 | 0.255100 | 0.270500 | 0.303500 | 0.318900 |
| Fibonacci | 0.209633 | 0.228122 | 0.239545 | 0.258033 | 0.276522 | 0.287945 | 0.306433 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.142867 | 0.196733 | 0.239167 | 0.293033 | 0.335467 | 0.389333 | 0.431767 |
| Camarilla | 0.255118 | 0.263945 | 0.272773 | 0.281600 | 0.290428 | 0.299255 | 0.308083 |
| Woodie | 0.137150 | 0.193875 | 0.233450 | 0.290175 | 0.329750 | 0.386475 | 0.426050 |
| Fibonacci | 0.196733 | 0.233520 | 0.256247 | 0.293033 | 0.329820 | 0.352547 | 0.389333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.070733 | 0.109667 | 0.162333 | 0.201267 | 0.253933 | 0.292867 | 0.345533 |
| Camarilla | 0.189810 | 0.198207 | 0.206603 | 0.215000 | 0.223397 | 0.231793 | 0.240190 |
| Woodie | 0.077600 | 0.113100 | 0.169200 | 0.204700 | 0.260800 | 0.296300 | 0.352400 |
| Fibonacci | 0.109667 | 0.144658 | 0.166276 | 0.201267 | 0.236258 | 0.257876 | 0.292867 |
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): | 32.74 | |
| MACD (12,26,9): | -0.0067 | |
| Directional Movement: | -15.845043 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.243073 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.248461 | |
| Elder Ray (13): | -0.003398 | |
| Super Trend (3,10): | 0.257522 | |
| Zig ZAG (10): | 0.244100 | |
| VORTEX (21): | 0.6654 | |
| Stochastique (14,3,5): | 29.32 | |
| TEMA (21): | 0.239231 | |
| Williams %R (14): | -65.81 | |
| Chande Momentum Oscillator (20): | -0.002500 | |
| Repulse (5,40,3): | -1.1679 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3851 | |
| Courbe Coppock: | 11.36 |
| MA7: | 0.269014 | |
| MA20: | 0.258360 | |
| MA50: | 0.223444 | |
| MA100: | 0.214253 | |
| MAexp7: | 0.245222 | |
| MAexp20: | 0.251727 | |
| MAexp50: | 0.260202 | |
| MAexp100: | 0.268074 | |
| Price / MA7: | -9.82% | |
| Price / MA20: | -6.10% | |
| Price / MA50: | +8.57% | |
| Price / MA100: | +13.23% | |
| Price / MAexp7: | -1.07% | |
| Price / MAexp20: | -3.63% | |
| Price / MAexp50: | -6.76% | |
| Price / MAexp100: | -9.50% |
Quotes :
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Real time data
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Cryptocompare
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