WORLDWIDE ASSET EXCHANGE - WAXP/USD - Daily - Technical analysis published on 11/16/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 0.061903 USD
My targets
0.040567 USD (-26.38%)
0.034516 USD (-37.36%)
My analysis
WORLDWIDE ASSET EXCHANGE - WAXP/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 0.061903 USD. The next support located at 0.040567 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 0.034516 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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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 WORLDWIDE ASSET EXCHANGE - WAXP/USD rating is 0.055100 USD. On the day, this instrument lost -0.02% and was between 0.054850 USD and 0.056990 USD. This implies that the price is at +0.46% from its lowest and at -3.32% from its highest.0.054850
0.056990
0.055100
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of WORLDWIDE ASSET EXCHANGE - WAXP/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.034516 | 0.055100 | 0.087045 | 0.106233 | 0.127144 |
| Change (%) | -37.36% | - | +57.98% | +92.80% | +130.75% |
| Change | -0.020584 | - | +0.031945 | +0.051133 | +0.072044 |
| Level | Intermediate | - | Major | Intermediate | Intermediate |
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 | 0.045837 | 0.048663 | 0.051887 | 0.054713 | 0.057937 | 0.060763 | 0.063987 |
| Camarilla | 0.053446 | 0.054001 | 0.054555 | 0.055110 | 0.055665 | 0.056219 | 0.056774 |
| Woodie | 0.046035 | 0.048763 | 0.052085 | 0.054813 | 0.058135 | 0.060863 | 0.064185 |
| Fibonacci | 0.048663 | 0.050974 | 0.052402 | 0.054713 | 0.057024 | 0.058452 | 0.060763 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000367 | 0.025763 | 0.040567 | 0.065963 | 0.080767 | 0.106163 | 0.120967 |
| Camarilla | 0.044315 | 0.048000 | 0.051685 | 0.055370 | 0.059055 | 0.062740 | 0.066425 |
| Woodie | -0.004930 | 0.023115 | 0.035270 | 0.063315 | 0.075470 | 0.103515 | 0.115670 |
| Fibonacci | 0.025763 | 0.041120 | 0.050607 | 0.065963 | 0.081320 | 0.090807 | 0.106163 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.061903 | 0.068217 | 0.075903 | 0.082217 | 0.089903 | 0.096217 | 0.103903 |
| Camarilla | 0.079740 | 0.081023 | 0.082307 | 0.083590 | 0.084873 | 0.086157 | 0.087440 |
| Woodie | 0.062590 | 0.068560 | 0.076590 | 0.082560 | 0.090590 | 0.096560 | 0.104590 |
| Fibonacci | 0.068217 | 0.073565 | 0.076869 | 0.082217 | 0.087565 | 0.090869 | 0.096217 |
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): | 31.93 | |
| MACD (12,26,9): | -0.0079 | |
| Directional Movement: | -25.595477 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.058095 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.079383 | |
| Elder Ray (13): | -0.006936 | |
| Super Trend (3,10): | 0.069423 | |
| Zig ZAG (10): | 0.055100 | |
| VORTEX (21): | 0.7894 | |
| Stochastique (14,3,5): | 15.34 | |
| TEMA (21): | 0.053144 | |
| Williams %R (14): | -82.20 | |
| Chande Momentum Oscillator (20): | -0.031860 | |
| Repulse (5,40,3): | -4.4681 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.9540 | |
| Courbe Coppock: | 64.77 |
| MA7: | 0.055749 | |
| MA20: | 0.071814 | |
| MA50: | 0.078237 | |
| MA100: | 0.089072 | |
| MAexp7: | 0.057411 | |
| MAexp20: | 0.067267 | |
| MAexp50: | 0.076759 | |
| MAexp100: | 0.089780 | |
| Price / MA7: | -1.16% | |
| Price / MA20: | -23.27% | |
| Price / MA50: | -29.57% | |
| Price / MA100: | -38.14% | |
| Price / MAexp7: | -4.03% | |
| Price / MAexp20: | -18.09% | |
| Price / MAexp50: | -28.22% | |
| Price / MAexp100: | -38.63% |
Quotes :
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Real time data
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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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