WAYKICHAIN - WICC/USDT - 1H - Technical analysis published on 04/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.156100 USDT
My targets
0.172367 USDT (+6.73%)
0.188500 USDT (+16.72%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on WAYKICHAIN - WICC/USDT as long as the price remains well above 0.156100 USDT. The buyers” bullish objective is set at 0.172367 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.188500 USDT. If there is any crossing, the next objective would be the resistance located at 0.252700 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.8
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
WAYKICHAIN - WICC/USDT rating 0.161500 USDT. The price registered an increase of +5.14% on the session and was traded between 0.150200 USDT and 0.172000 USDT over the period. The price is currently at +7.52% from its lowest and -6.10% from its highest.0.150200
0.172000
0.161500
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
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this WAYKICHAIN - WICC/USDT chart shows a strongly bullish trend. 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.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.148900 | 0.152056 | 0.156100 | 0.161500 | 0.188500 | 0.252700 | 0.283400 |
| Change (%) | -7.80% | -5.85% | -3.34% | - | +16.72% | +56.47% | +75.48% |
| Change | -0.012600 | -0.009444 | -0.005400 | - | +0.027000 | +0.091200 | +0.121900 |
| Level | Minor | Major | Intermediate | - | Minor | 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 | 0.124433 | 0.131267 | 0.142433 | 0.149267 | 0.160433 | 0.167267 | 0.178433 |
| Camarilla | 0.148650 | 0.150300 | 0.151950 | 0.153600 | 0.155250 | 0.156900 | 0.158550 |
| Woodie | 0.126600 | 0.132350 | 0.144600 | 0.150350 | 0.162600 | 0.168350 | 0.180600 |
| Fibonacci | 0.131267 | 0.138143 | 0.142391 | 0.149267 | 0.156143 | 0.160391 | 0.167267 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.113267 | 0.121233 | 0.132967 | 0.140933 | 0.152667 | 0.160633 | 0.172367 |
| Camarilla | 0.139283 | 0.141088 | 0.142894 | 0.144700 | 0.146506 | 0.148312 | 0.150118 |
| Woodie | 0.115150 | 0.122175 | 0.134850 | 0.141875 | 0.154550 | 0.161575 | 0.174250 |
| Fibonacci | 0.121233 | 0.128759 | 0.133408 | 0.140933 | 0.148459 | 0.153108 | 0.160633 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.118633 | -0.010807 | 0.062947 | 0.170773 | 0.244527 | 0.352353 | 0.426107 |
| Camarilla | 0.086766 | 0.103410 | 0.120055 | 0.136700 | 0.153345 | 0.169990 | 0.186635 |
| Woodie | -0.135670 | -0.019325 | 0.045910 | 0.162255 | 0.227490 | 0.343835 | 0.409070 |
| Fibonacci | -0.010807 | 0.058557 | 0.101410 | 0.170773 | 0.240137 | 0.282990 | 0.352353 |
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): | 59.52 | |
| MACD (12,26,9): | 0.0038 | |
| Directional Movement: | 20.287998 | |
| AROON (14): | 71.428568 | |
| DEMA (21): | 0.161655 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.157308 | |
| Elder Ray (13): | 0.003686 | |
| Super Trend (3,10): | 0.154552 | |
| Zig ZAG (10): | 0.167700 | |
| VORTEX (21): | 1.1470 | |
| Stochastique (14,3,5): | 81.73 | |
| TEMA (21): | 0.163930 | |
| Williams %R (14): | -9.30 | |
| Chande Momentum Oscillator (20): | 0.014300 | |
| Repulse (5,40,3): | 5.2914 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2865 | |
| Courbe Coppock: | 11.00 |
| MA7: | 0.148514 | |
| MA20: | 0.146070 | |
| MA50: | 0.178646 | |
| MA100: | 0.160198 | |
| MAexp7: | 0.162530 | |
| MAexp20: | 0.156841 | |
| MAexp50: | 0.151494 | |
| MAexp100: | 0.147458 | |
| Price / MA7: | +8.74% | |
| Price / MA20: | +10.56% | |
| Price / MA50: | -9.60% | |
| Price / MA100: | +0.81% | |
| Price / MAexp7: | -0.63% | |
| Price / MAexp20: | +2.97% | |
| Price / MAexp50: | +6.60% | |
| Price / MAexp100: | +9.52% |
This member declared not having a position on this financial instrument or a related financial instrument.
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