WRAPPED BITCOIN - WBTC/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	WBTCUSD
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WRAPPED BITCOIN - WBTC/USD - 1H - Technical analysis published on 02/25/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

33%

28%

39%

My opinion

Bullish above 50,629.57 USD

My targets

52,038.25 USD (+0.87%)

52,476.15 USD (+1.72%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 50,629.57 USD remains possible. It is advisable to trade WRAPPED BITCOIN - WBTC/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 50,629.57 USD. The next bullish objective for buyers is set at 52,038.25 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 52,476.15 USD. If there is any crossing, the next objective would be the resistance located at 52,679.50 USD. PS: if there is a bearish break in the support located at 50,629.57 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

Comment on the analysis

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 51,590.33 USD. The price is lower by -0.06% since the last closing with the lowest point at 51,466.94 USD and the highest point at 52,000.84 USD. The deviation from the price is +0.24% for the low point and -0.79% for the high point.

51,466.94

52,000.84

51,590.33

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by WRAPPED BITCOIN - WBTC/USD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on WRAPPED BITCOIN - WBTC/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of WRAPPED BITCOIN - WBTC/USD in 1H shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami cross

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	47,492.80	50,629.57	51,362.65	51,590.33	52,038.25	52,476.15	52,679.50
Change (%)	-7.94%	-1.86%	-0.44%	-	+0.87%	+1.72%	+2.11%
Change	-4,097.53	-960.76	-227.68	-	+447.92	+885.82	+1,089.17
Level	Intermediate	Intermediate	Minor	-	Intermediate	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	49,696.98	50,121.90	50,871.84	51,296.76	52,046.70	52,471.62	53,221.56
Camarilla	51,298.69	51,406.39	51,514.09	51,621.78	51,729.48	51,837.17	51,944.87
Woodie	49,859.49	50,203.16	51,034.35	51,378.02	52,209.21	52,552.88	53,384.07
Fibonacci	50,121.90	50,570.70	50,847.96	51,296.76	51,745.56	52,022.82	52,471.62

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	47,905.49	49,199.36	50,410.57	51,704.44	52,915.65	54,209.52	55,420.73
Camarilla	50,932.88	51,162.52	51,392.15	51,621.78	51,851.41	52,081.05	52,310.68
Woodie	47,864.16	49,178.70	50,369.24	51,683.78	52,874.32	54,188.86	55,379.40
Fibonacci	49,199.36	50,156.30	50,747.50	51,704.44	52,661.38	53,252.58	54,209.52

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27,087.34	32,753.47	37,666.76	43,332.89	48,246.18	53,912.31	58,825.60
Camarilla	39,670.71	40,640.49	41,610.27	42,580.05	43,549.83	44,519.61	45,489.39
Woodie	26,710.92	32,565.26	37,290.34	43,144.68	47,869.76	53,724.10	58,449.18
Fibonacci	32,753.47	36,794.81	39,291.55	43,332.89	47,374.23	49,870.97	53,912.31

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):	52.12
MACD (12,26,9):	87.1500
Directional Movement:	11.18
AROON (14):	78.57
DEMA (21):	51,742.76
Parabolic SAR (0,02-0,02-0,2):	51,535.20
Elder Ray (13):	-42.48
Super Trend (3,10):	51,271.59
Zig ZAG (10):	51,621.87
VORTEX (21):	1.0200
Stochastique (14,3,5):	34.19
TEMA (21):	51,731.41
Williams %R (14):	-76.71
Chande Momentum Oscillator (20):	9.54
Repulse (5,40,3):	-0.3000
ROCnROLL:	-1
TRIX (15,9):	0.0400
Courbe Coppock:	0.12

MA7:	51,602.25
MA20:	49,785.54
MA50:	45,502.92
MA100:	43,415.37
MAexp7:	51,657.74
MAexp20:	51,609.23
MAexp50:	51,450.83
MAexp100:	51,424.87
Price / MA7:	-0.02%
Price / MA20:	+3.63%
Price / MA50:	+13.38%
Price / MA100:	+18.83%
Price / MAexp7:	-0.13%
Price / MAexp20:	-0.04%
Price / MAexp50:	+0.27%
Price / MAexp100:	+0.32%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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