Londinia Opportunities Analyses - 11/20/2024 (GMT) WRAPPED BITCOIN - WBTC/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | WBTCUSDT |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 92,924.95 USDT
My targets
96,668.60 USDT (+2.79%)
103,045.96 USDT (+9.57%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on WRAPPED BITCOIN - WBTC/USDT as long as the price remains well above 92,924.95 USDT. The buyers' bullish objective is set at 96,668.60 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 103,045.96 USDT. If there is any crossing, the next objective would be the resistance located at 113,166.96 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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Additional analysis
Quotes
WRAPPED BITCOIN - WBTC/USDT rating 94,044.56 USDT. On the day, this instrument gained +2.10% with the lowest point at 91,348.51 USDT and the highest point at 94,553.45 USDT. The deviation from the price is +2.95% for the low point and -0.54% for the high point.91,348.51
94,553.45
94,044.56
Here is a more detailed summary of the historical variations registered by WRAPPED BITCOIN - WBTC/USDT:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of WRAPPED BITCOIN - WBTC/USDT indicates that the overall trend is strongly bullish. 92.86% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 91,615.06 | 92,924.95 | 93,579.72 | 94,044.56 |
| Change (%) | -2.58% | -1.19% | -0.49% | - |
| Change | -2,429.50 | -1,119.61 | -464.84 | - |
| Level | Intermediate | Major | Minor | - |
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 | 87,112.92 | 88,700.35 | 90,404.85 | 91,992.28 | 93,696.78 | 95,284.21 | 96,988.71 |
| Camarilla | 91,204.06 | 91,505.82 | 91,807.58 | 92,109.34 | 92,411.10 | 92,712.86 | 93,014.62 |
| Woodie | 87,171.45 | 88,729.62 | 90,463.38 | 92,021.55 | 93,755.31 | 95,313.48 | 97,047.24 |
| Fibonacci | 88,700.35 | 89,957.87 | 90,734.77 | 91,992.28 | 93,249.80 | 94,026.70 | 95,284.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63,671.88 | 70,049.24 | 80,170.24 | 86,547.60 | 96,668.60 | 103,045.96 | 113,166.96 |
| Camarilla | 85,754.20 | 87,266.55 | 88,778.90 | 90,291.25 | 91,803.60 | 93,315.95 | 94,828.30 |
| Woodie | 65,543.71 | 70,985.15 | 82,042.07 | 87,483.51 | 98,540.43 | 103,981.87 | 115,038.79 |
| Fibonacci | 70,049.24 | 76,351.61 | 80,245.22 | 86,547.60 | 92,849.97 | 96,743.58 | 103,045.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46,996.76 | 52,952.95 | 61,585.04 | 67,541.23 | 76,173.32 | 82,129.51 | 90,761.60 |
| Camarilla | 66,205.34 | 67,542.60 | 68,879.86 | 70,217.12 | 71,554.38 | 72,891.64 | 74,228.90 |
| Woodie | 48,334.70 | 53,621.93 | 62,922.98 | 68,210.21 | 77,511.26 | 82,798.49 | 92,099.54 |
| Fibonacci | 52,952.95 | 58,525.68 | 61,968.51 | 67,541.23 | 73,113.96 | 76,556.79 | 82,129.51 |
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): | 57.54 | |
| MACD (12,26,9): | 493.3600 | |
| Directional Movement: | -1.05 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 93,805.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 92,933.62 | |
| Elder Ray (13): | -136.73 | |
| Super Trend (3,10): | 92,264.39 | |
| Zig ZAG (10): | 93,411.76 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 60.91 | |
| TEMA (21): | 93,939.12 | |
| Williams %R (14): | -46.49 | |
| Chande Momentum Oscillator (20): | 794.02 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 3.47 |
| MA7: | 90,552.07 | |
| MA20: | 81,448.72 | |
| MA50: | 71,990.37 | |
| MA100: | 66,119.77 | |
| MAexp7: | 93,616.96 | |
| MAexp20: | 93,167.20 | |
| MAexp50: | 92,373.98 | |
| MAexp100: | 91,453.40 | |
| Price / MA7: | +3.86% | |
| Price / MA20: | +15.46% | |
| Price / MA50: | +30.63% | |
| Price / MA100: | +42.23% | |
| Price / MAexp7: | +0.46% | |
| Price / MAexp20: | +0.94% | |
| Price / MAexp50: | +1.81% | |
| Price / MAexp100: | +2.83% |
Quotes :
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Real time data
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