WOO - WOO/USDT - Daily - Technical analysis published on 05/19/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.336183 USDT
My targets
0.276720 USDT (-6.79%)
0.235997 USDT (-20.50%)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.336183 USDT remains possible. It is advisable to trade WOO NETWORK - WOO/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.336183 USDT. The next bearish objective for sellers is set at 0.276720 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.235997 USDT. In case of crossing, the next objective would be the support located at 0.204878 USDT. PS: if there is a bullish break in the resistance located at 0.336183 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.4
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Additional analysis
Quotes
The WOO NETWORK - WOO/USDT price is 0.296870 USDT. On the day, this instrument lost -2.03% and was traded between 0.295398 USDT and 0.307704 USDT over the period. The price is currently at +0.50% from its lowest and -3.52% from its highest.0.295398
0.307704
0.296870
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 WOO NETWORK - WOO/USDT in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.204878 | 0.235997 | 0.276720 | 0.296870 | 0.336183 | 0.416662 | 0.470276 |
| Change (%) | -30.99% | -20.50% | -6.79% | - | +13.24% | +40.35% | +58.41% |
| Change | -0.091992 | -0.060873 | -0.020150 | - | +0.039313 | +0.119792 | +0.173406 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | 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 | 0.289304 | 0.293120 | 0.298070 | 0.301886 | 0.306836 | 0.310652 | 0.315602 |
| Camarilla | 0.300610 | 0.301414 | 0.302218 | 0.303021 | 0.303825 | 0.304628 | 0.305432 |
| Woodie | 0.289872 | 0.293404 | 0.298638 | 0.302170 | 0.307404 | 0.310936 | 0.316170 |
| Fibonacci | 0.293120 | 0.296468 | 0.298537 | 0.301886 | 0.305234 | 0.307303 | 0.310652 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.220171 | 0.237813 | 0.270417 | 0.288059 | 0.320663 | 0.338305 | 0.370909 |
| Camarilla | 0.289203 | 0.293809 | 0.298415 | 0.303021 | 0.307627 | 0.312233 | 0.316839 |
| Woodie | 0.227652 | 0.241554 | 0.277898 | 0.291800 | 0.328144 | 0.342046 | 0.378390 |
| Fibonacci | 0.237813 | 0.257007 | 0.268865 | 0.288059 | 0.307253 | 0.319111 | 0.338305 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.092901 | 0.073520 | 0.181090 | 0.347511 | 0.455081 | 0.621502 | 0.729072 |
| Camarilla | 0.213313 | 0.238428 | 0.263544 | 0.288660 | 0.313776 | 0.338892 | 0.364008 |
| Woodie | -0.122327 | 0.058807 | 0.151665 | 0.332798 | 0.425656 | 0.606789 | 0.699647 |
| Fibonacci | 0.073520 | 0.178185 | 0.242846 | 0.347511 | 0.452176 | 0.516837 | 0.621502 |
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): | 49.17 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 3.550034 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.275690 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.256460 | |
| Elder Ray (13): | 0.012727 | |
| Super Trend (3,10): | 0.324676 | |
| Zig ZAG (10): | 0.297644 | |
| VORTEX (21): | 0.9754 | |
| Stochastique (14,3,5): | 68.13 | |
| TEMA (21): | 0.287863 | |
| Williams %R (14): | -34.90 | |
| Chande Momentum Oscillator (20): | 0.008030 | |
| Repulse (5,40,3): | 1.5585 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.6997 | |
| Courbe Coppock: | 5.54 |
| MA7: | 0.284211 | |
| MA20: | 0.287190 | |
| MA50: | 0.328070 | |
| MA100: | 0.406629 | |
| MAexp7: | 0.290261 | |
| MAexp20: | 0.292658 | |
| MAexp50: | 0.327827 | |
| MAexp100: | 0.357412 | |
| Price / MA7: | +4.45% | |
| Price / MA20: | +3.37% | |
| Price / MA50: | -9.51% | |
| Price / MA100: | -26.99% | |
| Price / MAexp7: | +2.28% | |
| Price / MAexp20: | +1.44% | |
| Price / MAexp50: | -9.44% | |
| Price / MAexp100: | -16.94% |
Quotes :
-
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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