WRAPPED BITCOIN - WBTC/USD - Daily - Technical analysis published on 03/13/2023 (GMT)
- 105
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
44%
28%
28%
My opinion
Neutral between 21,623.10 USD and 23,718.00 USD
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 21,623.10 USD. The first resistance is located at 23,718.00 USD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by WRAPPED BITCOIN - WBTC/USD.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WRAPPED BITCOIN - WBTC/USD rating is 22,140.54 USD. The price registered a decrease of -0.21% on the session and was between 21,911.24 USD and 22,723.15 USD. This implies that the price is at +1.05% from its lowest and at -2.56% from its highest.21,911.24
22,723.15
22,140.54
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
Here is a more detailed summary of the historical variations registered by WRAPPED BITCOIN - WBTC/USD:
Technical
A technical analysis in Daily of this WRAPPED BITCOIN - WBTC/USD chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 5 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bearish harami
Type : Bearish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19,045.40 | 20,334.60 | 21,623.10 | 22,140.54 | 23,718.00 | 24,827.70 | 29,803.30 |
| Change (%) | -13.98% | -8.16% | -2.34% | - | +7.12% | +12.14% | +34.61% |
| Change | -3,095.14 | -1,805.94 | -517.44 | - | +1,577.46 | +2,687.16 | +7,662.76 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19,291.88 | 19,888.03 | 21,037.40 | 21,633.55 | 22,782.92 | 23,379.07 | 24,528.44 |
| Camarilla | 21,706.76 | 21,866.77 | 22,026.77 | 22,186.78 | 22,346.79 | 22,506.79 | 22,666.80 |
| Woodie | 19,568.50 | 20,026.34 | 21,314.02 | 21,771.86 | 23,059.54 | 23,517.38 | 24,805.06 |
| Fibonacci | 19,888.03 | 20,554.82 | 20,966.76 | 21,633.55 | 22,300.34 | 22,712.28 | 23,379.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,018.95 | 17,811.22 | 19,178.35 | 20,970.62 | 22,337.75 | 24,130.02 | 25,497.15 |
| Camarilla | 19,676.64 | 19,966.25 | 20,255.86 | 20,545.47 | 20,835.08 | 21,124.69 | 21,414.31 |
| Woodie | 15,806.37 | 17,704.94 | 18,965.77 | 20,864.34 | 22,125.17 | 24,023.74 | 25,284.57 |
| Fibonacci | 17,811.22 | 19,018.11 | 19,763.73 | 20,970.62 | 22,177.51 | 22,923.13 | 24,130.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17,387.60 | 19,407.60 | 21,259.90 | 23,279.90 | 25,132.20 | 27,152.20 | 29,004.50 |
| Camarilla | 22,047.32 | 22,402.28 | 22,757.24 | 23,112.20 | 23,467.16 | 23,822.12 | 24,177.08 |
| Woodie | 17,303.75 | 19,365.68 | 21,176.05 | 23,237.98 | 25,048.35 | 27,110.28 | 28,920.65 |
| Fibonacci | 19,407.60 | 20,886.82 | 21,800.68 | 23,279.90 | 24,759.12 | 25,672.98 | 27,152.20 |
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): | 48.76 | |
| MACD (12,26,9): | -442.8200 | |
| Directional Movement: | 3.89 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 21,748.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 19,603.50 | |
| Elder Ray (13): | 365.59 | |
| Super Trend (3,10): | 22,925.47 | |
| Zig ZAG (10): | 22,251.27 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 38.46 | |
| TEMA (21): | 21,105.16 | |
| Williams %R (14): | -51.04 | |
| Chande Momentum Oscillator (20): | -1,475.06 | |
| Repulse (5,40,3): | 4.4200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 17.77 |
| MA7: | 21,341.68 | |
| MA20: | 22,541.77 | |
| MA50: | 22,905.48 | |
| MA100: | 20,396.16 | |
| MAexp7: | 21,638.80 | |
| MAexp20: | 22,223.21 | |
| MAexp50: | 22,121.98 | |
| MAexp100: | 21,242.61 | |
| Price / MA7: | +3.74% | |
| Price / MA20: | -1.78% | |
| Price / MA50: | -3.34% | |
| Price / MA100: | +8.55% | |
| Price / MAexp7: | +2.32% | |
| Price / MAexp20: | -0.37% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +4.23% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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