WRAPPED BITCOIN - WBTC/USD - 1H - Technical analysis published on 03/23/2023 (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:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 27,723.90 USD
My targets
26,890.20 USD (-1.75%)
25,130.90 USD (-8.18%)
My analysis
WRAPPED BITCOIN - WBTC/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 27,723.90 USD. The next support located at 26,890.20 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 25,130.90 USD. Below this support, sellers could then target 24,484.50 USD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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 price is 27,368.75 USD. The price is lower by -2.42% since the last closing and was between 26,766.49 USD and 28,743.56 USD. This implies that the price is at +2.25% from its lowest and at -4.78% from its highest.26,766.49
28,743.56
27,368.75
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical
Technical analysis of this 1H chart of WRAPPED BITCOIN - WBTC/USD indicates that the overall trend is bearish. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24,484.50 | 25,130.90 | 26,890.20 | 27,368.75 | 27,723.90 | 28,484.30 | 29,803.30 |
| Change (%) | -10.54% | -8.18% | -1.75% | - | +1.30% | +4.08% | +8.90% |
| Change | -2,884.25 | -2,237.85 | -478.55 | - | +355.15 | +1,115.55 | +2,434.55 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | 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 | 26,402.92 | 26,918.21 | 27,482.41 | 27,997.70 | 28,561.90 | 29,077.19 | 29,641.39 |
| Camarilla | 27,749.74 | 27,848.69 | 27,947.65 | 28,046.60 | 28,145.55 | 28,244.51 | 28,343.46 |
| Woodie | 26,427.37 | 26,930.44 | 27,506.86 | 28,009.93 | 28,586.35 | 29,089.42 | 29,665.84 |
| Fibonacci | 26,918.21 | 27,330.58 | 27,585.34 | 27,997.70 | 28,410.07 | 28,664.83 | 29,077.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,097.79 | 17,790.99 | 22,363.19 | 25,056.39 | 29,628.59 | 32,321.79 | 36,893.99 |
| Camarilla | 24,937.40 | 25,603.39 | 26,269.39 | 26,935.38 | 27,601.38 | 28,267.37 | 28,933.37 |
| Woodie | 16,037.28 | 18,260.74 | 23,302.68 | 25,526.14 | 30,568.08 | 32,791.54 | 37,833.48 |
| Fibonacci | 17,790.99 | 20,566.38 | 22,281.01 | 25,056.39 | 27,831.78 | 29,546.41 | 32,321.79 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.14 | |
| MACD (12,26,9): | -173.8400 | |
| Directional Movement: | -24.72 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 27,816.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 28,513.43 | |
| Elder Ray (13): | -661.35 | |
| Super Trend (3,10): | 28,252.28 | |
| Zig ZAG (10): | 27,248.29 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 26.98 | |
| TEMA (21): | 27,480.49 | |
| Williams %R (14): | -73.25 | |
| Chande Momentum Oscillator (20): | -938.10 | |
| Repulse (5,40,3): | 0.2900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 4.31 |
| MA7: | 27,223.91 | |
| MA20: | 24,019.35 | |
| MA50: | 23,596.68 | |
| MA100: | 21,270.41 | |
| MAexp7: | 27,566.35 | |
| MAexp20: | 27,964.82 | |
| MAexp50: | 28,013.57 | |
| MAexp100: | 27,703.54 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | +13.94% | |
| Price / MA50: | +15.99% | |
| Price / MA100: | +28.67% | |
| Price / MAexp7: | -0.72% | |
| Price / MAexp20: | -2.13% | |
| Price / MAexp50: | -2.30% | |
| Price / MAexp100: | -1.21% |
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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