WOO - WOO/USDT - Daily - Technical analysis published on 01/24/2024 (GMT)
- 228
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
67%
11%
My opinion
Bearish under 0.378393 USDT
My targets
0.323312 USDT (-6.78%)
0.272946 USDT (-21.31%)
My analysis
The strong short-term decline in WOO NETWORK - WOO/USDT calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 0.378393 USDT, one could consider taking advantage of the short-term movement. The first bearish objective is located at 0.323312 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.272946 USDT as an objective. Crossing it would then enable sellers to target 0.205064 USDT. Be careful, a return to above 0.378393 USDT could jeopardize the reversal.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.8
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 finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
WOO NETWORK - WOO/USDT rating 0.346841 USDT. The price registered a decrease of -0.63% on the session with the lowest point at 0.341205 USDT and the highest point at 0.351972 USDT. The deviation from the price is +1.65% for the low point and -1.46% for the high point.0.341205
0.351972
0.346841
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of WOO NETWORK - WOO/USDT indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. 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.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : Daily
Bullish harami cross
Type : Bullish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.155533 | 0.205064 | 0.272946 | 0.346841 | 0.378393 | 0.406261 | 0.470276 |
| Change (%) | -55.16% | -40.88% | -21.31% | - | +9.10% | +17.13% | +35.59% |
| Change | -0.191308 | -0.141777 | -0.073895 | - | +0.031552 | +0.059420 | +0.123435 |
| Level | Minor | Minor | Minor | - | Intermediate | Minor | Major |
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 | 0.286370 | 0.305905 | 0.327465 | 0.347000 | 0.368560 | 0.388095 | 0.409655 |
| Camarilla | 0.337725 | 0.341492 | 0.345259 | 0.349026 | 0.352793 | 0.356560 | 0.360327 |
| Woodie | 0.287384 | 0.306411 | 0.328479 | 0.347506 | 0.369574 | 0.388601 | 0.410669 |
| Fibonacci | 0.305905 | 0.321603 | 0.331301 | 0.347000 | 0.362698 | 0.372396 | 0.388095 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.267941 | 0.323312 | 0.363497 | 0.418868 | 0.459053 | 0.514424 | 0.554609 |
| Camarilla | 0.377404 | 0.386163 | 0.394923 | 0.403682 | 0.412441 | 0.421201 | 0.429960 |
| Woodie | 0.260348 | 0.319516 | 0.355904 | 0.415072 | 0.451460 | 0.510628 | 0.547016 |
| Fibonacci | 0.323312 | 0.359814 | 0.382366 | 0.418868 | 0.455370 | 0.477922 | 0.514424 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.062085 | 0.081342 | 0.238365 | 0.381792 | 0.538815 | 0.682242 | 0.839265 |
| Camarilla | 0.312765 | 0.340307 | 0.367848 | 0.395389 | 0.422930 | 0.450472 | 0.478013 |
| Woodie | -0.055286 | 0.084741 | 0.245164 | 0.385191 | 0.545614 | 0.685641 | 0.846064 |
| Fibonacci | 0.081342 | 0.196114 | 0.267020 | 0.381792 | 0.496564 | 0.567470 | 0.682242 |
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): | 40.92 | |
| MACD (12,26,9): | -0.0079 | |
| Directional Movement: | -10.061669 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.394144 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.466036 | |
| Elder Ray (13): | -0.045010 | |
| Super Trend (3,10): | 0.313241 | |
| Zig ZAG (10): | 0.349365 | |
| VORTEX (21): | 1.0022 | |
| Stochastique (14,3,5): | 11.54 | |
| TEMA (21): | 0.369225 | |
| Williams %R (14): | -83.58 | |
| Chande Momentum Oscillator (20): | -0.060702 | |
| Repulse (5,40,3): | -6.3614 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1134 | |
| Courbe Coppock: | 15.74 |
| MA7: | 0.381926 | |
| MA20: | 0.406406 | |
| MA50: | 0.390867 | |
| MA100: | 0.307509 | |
| MAexp7: | 0.376546 | |
| MAexp20: | 0.397826 | |
| MAexp50: | 0.377157 | |
| MAexp100: | 0.329143 | |
| Price / MA7: | -9.19% | |
| Price / MA20: | -14.66% | |
| Price / MA50: | -11.26% | |
| Price / MA100: | +12.79% | |
| Price / MAexp7: | -7.89% | |
| Price / MAexp20: | -12.82% | |
| Price / MAexp50: | -8.04% | |
| Price / MAexp100: | +5.38% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis WOO - WOO/USDT - Daily