Londinia Opportunities Analyses - 05/22/2022 (GMT) WORLDWIDE ASSET EXCHANGE - WAX/USDT - 1H

WORLDWIDE ASSET EXCHANGE - WAX/USDT
Type: Cryptocurrencies
Ticker: WAXUSDT
ISIN:

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
  • Cryptocurrencies
  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.126492 USDT
My targets
0.132400 USDT (+3.44%)
0.137300 USDT (+7.27%)
My analysis
The bullish trend is currently very strong on WORLDWIDE ASSET EXCHANGE - WAX/USDT. As long as the price remains above the support at 0.126492 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.132400 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.137300 USDT as an objective. Crossing it would then enable buyers to target 0.265780 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8

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Additional analysis

Quotes

The WORLDWIDE ASSET EXCHANGE - WAX/USDT price is 0.128000 USDT. The price has increased by +1.43% since the last closing and was between 0.125700 USDT and 0.129600 USDT. This implies that the price is at +1.83% from its lowest and at -1.23% from its highest.

0.125700
0.129600
0.128000

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.

Central Gaps

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 WORLDWIDE ASSET EXCHANGE - WAX/USDT in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Aroon indicator bearish trend

Type : Bearish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.117143 0.121827 0.126492 0.128000 0.132400 0.137300 0.265780
Change (%) -8.48% -4.82% -1.18% - +3.44% +7.27% +107.64%
Change -0.010857 -0.006173 -0.001508 - +0.004400 +0.009300 +0.137780
Level Intermediate Intermediate Intermediate - Minor Minor 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
Standard0.1092330.1136670.1199330.1243670.1306330.1350670.141333
Camarilla0.1232580.1242380.1252190.1262000.1271810.1281620.129143
Woodie0.1101500.1141250.1208500.1248250.1315500.1355250.142250
Fibonacci0.1136670.1177540.1202790.1243670.1284540.1309790.135067


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0862330.0986670.1124330.1248670.1386330.1510670.164833
Camarilla0.1189950.1213970.1237980.1262000.1286020.1310030.133405
Woodie0.0869000.0990000.1131000.1252000.1393000.1514000.165500
Fibonacci0.0986670.1086750.1148580.1248670.1348750.1410580.151067


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0178000.0969000.1555000.2702000.3288000.4435000.502100
Camarilla0.1664430.1823280.1982140.2141000.2299860.2458720.261758
Woodie-0.0458500.0828750.1274500.2561750.3007500.4294750.474050
Fibonacci0.0969000.1631010.2039990.2702000.3364010.3772990.443500

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): 61.75
MACD (12,26,9): 0.0013
Directional Movement: 17.165508
AROON (14): -7.142857
DEMA (21): 0.126283
Parabolic SAR (0,02-0,02-0,2): 0.125296
Elder Ray (13): 0.000681
Super Trend (3,10): 0.121206
Zig ZAG (10): 0.126100
VORTEX (21): 1.1580
Stochastique (14,3,5): 71.82
TEMA (21): 0.126922
Williams %R (14): -18.52
Chande Momentum Oscillator (20): 0.001000
Repulse (5,40,3): 0.4324
ROCnROLL: 1
TRIX (15,9): 0.1320
Courbe Coppock: 4.78
MA7: 0.123529
MA20: 0.151545
MA50: 0.229998
MA100: 0.267574
MAexp7: 0.126016
MAexp20: 0.124471
MAexp50: 0.123137
MAexp100: 0.122570
Price / MA7: +3.62%
Price / MA20: -15.54%
Price / MA50: -44.35%
Price / MA100: -52.16%
Price / MAexp7: +1.57%
Price / MAexp20: +2.84%
Price / MAexp50: +3.95%
Price / MAexp100: +4.43%

Quotes : - Real time data - Cryptocompare