WRAPPED BITCOIN - WBTC/USD - 1H - Technical analysis published on 08/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 27,245.00 USD
My targets
25,553.40 USD (-2.01%)
25,236.90 USD (-3.22%)
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 27,245.00 USD. The next support located at 25,553.40 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 25,236.90 USD. Below this support, sellers could then target 21,629.80 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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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 26,077.70 USD. On the day, this instrument lost -2.22% with the lowest point at 25,726.58 USD and the highest point at 26,677.55 USD. The deviation from the price is +1.36% for the low point and -2.25% for the high point.25,726.58
26,677.55
26,077.70
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of WRAPPED BITCOIN - WBTC/USD in 1H shows a overall strongly bearish trend. 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, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 5 are neutral and 7 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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 | 20,231.10 | 21,629.80 | 25,553.40 | 26,077.70 | 27,245.00 | 28,430.30 | 29,045.10 |
| Change (%) | -22.42% | -17.06% | -2.01% | - | +4.48% | +9.02% | +11.38% |
| Change | -5,846.60 | -4,447.90 | -524.30 | - | +1,167.30 | +2,352.60 | +2,967.40 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22,420.21 | 24,110.10 | 25,390.26 | 27,080.15 | 28,360.31 | 30,050.20 | 31,330.36 |
| Camarilla | 25,853.65 | 26,125.90 | 26,398.16 | 26,670.41 | 26,942.67 | 27,214.92 | 27,487.17 |
| Woodie | 22,215.34 | 24,007.67 | 25,185.39 | 26,977.72 | 28,155.44 | 29,947.77 | 31,125.49 |
| Fibonacci | 24,110.10 | 25,244.66 | 25,945.59 | 27,080.15 | 28,214.71 | 28,915.64 | 30,050.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26,482.05 | 27,376.02 | 28,396.85 | 29,290.82 | 30,311.65 | 31,205.62 | 32,226.45 |
| Camarilla | 28,891.10 | 29,066.62 | 29,242.15 | 29,417.67 | 29,593.19 | 29,768.72 | 29,944.24 |
| Woodie | 26,545.47 | 27,407.74 | 28,460.27 | 29,322.54 | 30,375.07 | 31,237.34 | 32,289.87 |
| Fibonacci | 27,376.02 | 28,107.48 | 28,559.37 | 29,290.82 | 30,022.28 | 30,474.17 | 31,205.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25,236.90 | 27,058.00 | 28,140.80 | 29,961.90 | 31,044.70 | 32,865.80 | 33,948.60 |
| Camarilla | 28,425.03 | 28,691.22 | 28,957.41 | 29,223.60 | 29,489.79 | 29,755.98 | 30,022.17 |
| Woodie | 24,867.75 | 26,873.43 | 27,771.65 | 29,777.33 | 30,675.55 | 32,681.23 | 33,579.45 |
| Fibonacci | 27,058.00 | 28,167.29 | 28,852.61 | 29,961.90 | 31,071.19 | 31,756.51 | 32,865.80 |
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): | 32.39 | |
| MACD (12,26,9): | -343.9600 | |
| Directional Movement: | -27.80 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 25,856.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 26,322.79 | |
| Elder Ray (13): | -110.62 | |
| Super Trend (3,10): | 26,565.85 | |
| Zig ZAG (10): | 26,096.40 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 44.52 | |
| TEMA (21): | 25,945.44 | |
| Williams %R (14): | -54.54 | |
| Chande Momentum Oscillator (20): | -427.34 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2200 | |
| Courbe Coppock: | 2.73 |
| MA7: | 28,397.46 | |
| MA20: | 28,989.83 | |
| MA50: | 29,673.39 | |
| MA100: | 28,558.95 | |
| MAexp7: | 26,105.66 | |
| MAexp20: | 26,361.67 | |
| MAexp50: | 27,120.89 | |
| MAexp100: | 27,871.42 | |
| Price / MA7: | -8.17% | |
| Price / MA20: | -10.05% | |
| Price / MA50: | -12.12% | |
| Price / MA100: | -8.69% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -1.08% | |
| Price / MAexp50: | -3.85% | |
| Price / MAexp100: | -6.44% |
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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