WRAPPED BITCOIN - WBTC/USD - 1H - Technical analysis published on 04/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 66,933.70 USD
My targets
68,129.51 USD (+0.72%)
69,120.13 USD (+2.18%)
My analysis
A bullish trend on WRAPPED BITCOIN - WBTC/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 66,933.70 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 68,129.51 USD. Then the price could move towards 69,120.13 USD. Then 70,612.49 USD by extension. Be careful, a return below 66,933.70 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.5
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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 67,642.85 USD. The price is lower by -1.39% since the last closing and was traded between 66,008.31 USD and 68,798.68 USD over the period. The price is currently at +2.48% from its lowest and -1.68% from its highest.66,008.31
68,798.68
67,642.85
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of WRAPPED BITCOIN - WBTC/USD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 65,321.11 | 66,008.31 | 66,933.70 | 67,642.85 | 68,129.51 | 69,120.13 | 70,612.49 |
| Change (%) | -3.43% | -2.42% | -1.05% | - | +0.72% | +2.18% | +4.39% |
| Change | -2,321.74 | -1,634.54 | -709.15 | - | +486.66 | +1,477.28 | +2,969.64 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Minor |
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 | 62,421.74 | 63,871.42 | 66,232.54 | 67,682.22 | 70,043.34 | 71,493.02 | 73,854.14 |
| Camarilla | 67,545.68 | 67,895.00 | 68,244.33 | 68,593.65 | 68,942.97 | 69,292.30 | 69,641.62 |
| Woodie | 62,877.45 | 64,099.28 | 66,688.25 | 67,910.08 | 70,499.05 | 71,720.88 | 74,309.85 |
| Fibonacci | 63,871.42 | 65,327.15 | 66,226.50 | 67,682.22 | 69,137.95 | 70,037.30 | 71,493.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57,415.75 | 60,611.14 | 65,267.54 | 68,462.93 | 73,119.33 | 76,314.72 | 80,971.12 |
| Camarilla | 67,764.69 | 68,484.44 | 69,204.18 | 69,923.93 | 70,643.68 | 71,363.43 | 72,083.17 |
| Woodie | 58,146.25 | 60,976.39 | 65,998.04 | 68,828.18 | 73,849.83 | 76,679.97 | 81,701.62 |
| Fibonacci | 60,611.14 | 63,610.53 | 65,463.55 | 68,462.93 | 71,462.32 | 73,315.34 | 76,314.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48,142.68 | 53,682.15 | 62,560.92 | 68,100.39 | 76,979.16 | 82,518.63 | 91,397.40 |
| Camarilla | 67,474.68 | 68,796.36 | 70,118.03 | 71,439.70 | 72,761.37 | 74,083.04 | 75,404.72 |
| Woodie | 49,812.34 | 54,516.98 | 64,230.58 | 68,935.22 | 78,648.82 | 83,353.46 | 93,067.06 |
| Fibonacci | 53,682.15 | 59,189.91 | 62,592.62 | 68,100.39 | 73,608.15 | 77,010.86 | 82,518.63 |
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): | 51.38 | |
| MACD (12,26,9): | 91.0700 | |
| Directional Movement: | 3.77 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 67,729.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 66,785.57 | |
| Elder Ray (13): | 106.31 | |
| Super Trend (3,10): | 68,393.34 | |
| Zig ZAG (10): | 67,642.85 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 60.94 | |
| TEMA (21): | 67,668.48 | |
| Williams %R (14): | -41.41 | |
| Chande Momentum Oscillator (20): | 565.96 | |
| Repulse (5,40,3): | -0.4200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.58 |
| MA7: | 68,450.71 | |
| MA20: | 67,769.66 | |
| MA50: | 63,781.86 | |
| MA100: | 53,804.09 | |
| MAexp7: | 67,678.05 | |
| MAexp20: | 67,597.44 | |
| MAexp50: | 67,408.27 | |
| MAexp100: | 67,588.26 | |
| Price / MA7: | -1.18% | |
| Price / MA20: | -0.19% | |
| Price / MA50: | +6.05% | |
| Price / MA100: | +25.72% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +0.08% |
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.
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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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