WAZIRX - WRX/USD - 1H - Technical analysis published on 02/05/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
44%
17%
My opinion
Bearish under 0.210000 USD
My targets
0.180000 USD (-5.26%)
0.169716 USD (-10.68%)
My analysis
WAZIRX - WRX/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 0.210000 USD. The next support located at 0.180000 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 0.169716 USD. Below this support, sellers could then target 0.130000 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
WAZIRX - WRX/USD rating 0.190000 USD. On the day, this instrument gained +5.56% and was between 0.170000 USD and 0.190000 USD. This implies that the price is at +11.76% from its lowest and at 0% from its highest.0.170000
0.190000
0.190000
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of WAZIRX - WRX/USD in 1H shows a overall strongly bearish trend. 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.
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.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.130000 | 0.169716 | 0.180000 | 0.190000 | 0.190000 | 0.210000 | 0.220000 |
| Change (%) | -31.58% | -10.68% | -5.26% | 0% | - | +10.53% | +15.79% |
| Change | -0.060000 | -0.020284 | -0.010000 | 0 | - | +0.020000 | +0.030000 |
| Level | Minor | Major | Minor | Major | - | Major | 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 | 0.123333 | 0.146667 | 0.163333 | 0.186667 | 0.203333 | 0.226667 | 0.243333 |
| Camarilla | 0.169000 | 0.172667 | 0.176333 | 0.180000 | 0.183667 | 0.187333 | 0.191000 |
| Woodie | 0.120000 | 0.145000 | 0.160000 | 0.185000 | 0.200000 | 0.225000 | 0.240000 |
| Fibonacci | 0.146667 | 0.161947 | 0.171387 | 0.186667 | 0.201947 | 0.211387 | 0.226667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.110000 | 0.140000 | 0.160000 | 0.190000 | 0.210000 | 0.240000 | 0.260000 |
| Camarilla | 0.166250 | 0.170833 | 0.175417 | 0.180000 | 0.184583 | 0.189167 | 0.193750 |
| Woodie | 0.105000 | 0.137500 | 0.155000 | 0.187500 | 0.205000 | 0.237500 | 0.255000 |
| Fibonacci | 0.140000 | 0.159100 | 0.170900 | 0.190000 | 0.209100 | 0.220900 | 0.240000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.070000 | 0.100000 | 0.150000 | 0.180000 | 0.230000 | 0.260000 | 0.310000 |
| Camarilla | 0.178000 | 0.185333 | 0.192667 | 0.200000 | 0.207333 | 0.214667 | 0.222000 |
| Woodie | 0.080000 | 0.105000 | 0.160000 | 0.185000 | 0.240000 | 0.265000 | 0.320000 |
| Fibonacci | 0.100000 | 0.130560 | 0.149440 | 0.180000 | 0.210560 | 0.229440 | 0.260000 |
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): | 42.87 | |
| MACD (12,26,9): | -0.0053 | |
| Directional Movement: | -9.701835 | |
| AROON (14): | -71.428571 | |
| DEMA (21): | 0.187899 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.206864 | |
| Elder Ray (13): | -0.011122 | |
| Super Trend (3,10): | 0.222977 | |
| Zig ZAG (10): | 0.190000 | |
| VORTEX (21): | 0.9032 | |
| Stochastique (14,3,5): | 16.67 | |
| TEMA (21): | 0.179521 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.020000 | |
| Repulse (5,40,3): | 10.1207 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2651 | |
| Courbe Coppock: | 13.52 |
| MA7: | 0.202857 | |
| MA20: | 0.199500 | |
| MA50: | 0.167600 | |
| MA100: | 0.170900 | |
| MAexp7: | 0.187336 | |
| MAexp20: | 0.194088 | |
| MAexp50: | 0.199758 | |
| MAexp100: | 0.202470 | |
| Price / MA7: | -6.34% | |
| Price / MA20: | -4.76% | |
| Price / MA50: | +13.37% | |
| Price / MA100: | +11.18% | |
| Price / MAexp7: | +1.42% | |
| Price / MAexp20: | -2.11% | |
| Price / MAexp50: | -4.88% | |
| Price / MAexp100: | -6.16% |
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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